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45 S El Camino Real
Millbrae, CA 94030
Former Walgreens · Property For Lease
PROPERTY FACTS
| Property Type | Retail | Total Land Area | 0.71 AC |
| Property Subtype | Freestanding | Year Built | 2007 |
| Gross Leasable Area | 10,558 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 10,558 SF |
| Total Land Area | 0.71 AC |
| Year Built | 2007 |
ABOUT THE PROPERTY
PROPERTY OVERVIEW Rent. $215,000/yr, Modified Gross (inclusive of RET; R&M, insurance, utilities separate) Master Lease Expiration. 10/31/32 Walgreens Premises. approx. 13,120 SF (approx. 10K SF – 1st floor) + drive through Signage. Shared pylon + building Opportunity. Immediate occupancy, long-term sublease at below market rent Signalized Intersection. NWC of El Camino Real & Murchison Dr (approx. 33K VPD) Zoning. CMU, Millbrae - Permitted Use Info Prohibited Uses. Retail pharmacy, children’s play facility, closeout or liquidation store, educational facility, fitness, auto sales or storage, car wash, office, restaurant, any industrial use and/or church. LOCATION OVERVIEW Central Millbrae Retail Intersection. -33K VPD at subject intersection - 0.25 mile - CalTrain Station Millbrae - 0.5 mile - 101 Mills-Peninsula Medical Center. - 0.5 mile; 301 bed hospital SUB-LEASE TERMS - SUGGESTED RENT* $215,000 (inclusive of RET; R&M, insurance, utilities separate) - SUB-LEASE TERM 10/31/32 - DELIVERY “As-Is” - OFFERS EVALUATED AS RECEIVED *Price + terms, along with all offers, are subject to approval of Walgreen Co.’s Real Estate Committee
