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Investment Highlights

  • Trophy Orange County STNL Investment
  • Long-Term NNN Lease – Walgreens is on a 60-year lease which commenced in 2011 and has over 11 years of firm remaining lease term
  • High-Traffic, Signalized Intersection Location – Located at signalized intersection (Warner Avenue @ 27,100+ CPD and Bolsa Chica Street @ 17,600+ CPD
  • National Credit Tenant – Walgreens Boots Alliance, Inc. (NASDAQ: WBA) is the largest pharmacy chain in the world
  • Walgreens Boots Alliance has over 12,700 stores across 8 countries

Executive Summary

* Trophy Orange County STNL Investment – Few STNL assets with national credit tenancy come to market in Orange County, making this NNN leased Walgreens a rare and compelling retail investment opportunity. This Walgreens benefits from its strategic location within coastal Huntington Beach, aka Surf City USA, drawing from both the affluent local population and the millions of tourists who visit annually

* National Credit Tenant – Walgreens is one of the largest pharmacy chains in the United States, serving millions of customers daily

* Walgreens Boots Alliance has over 12,700 stores across 8 countries, offering a wide range of prescription drugs, over-the-counter medications, and healthcare services

* Long-Term NNN Lease – Walgreens is on a 60-year lease which commenced in 2011 and has 10+ years of firm remaining lease term

* High-Traffic, Signalized Intersection Location – Located at a signalized intersection (Warner Avenue @ 27,100+ CPD and Bolsa Chica Street @ 17,600+ CPD) within a high-traffic retail corridor, Walgreens benefits from a synergistic and high-quality mix of tenants within close proximity including Ralphs, Trader Joes, Albertsons, Petco, 24 Hour Fitness, Savers, Bank of America, Wells Fargo, Starbucks, Taco Bell, and more, fortifying the value-focused and daily needs draw of the area while proving the viability of this retail location

* Top Tourist Destination – Huntington Beach is a major tourist destination, drawing over 3 million visitors annually who contribute over $400 million into the local economy each year

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,790 SF
Building Class
B
Year Built
2011
Price
$17,231,897 CAD
Price Per SF
$1,249.59 CAD
Cap Rate
7%
NOI
$1,206,264 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.30 AC
Zoning
CG
Parking
60 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
105’ on Warner Ave

Amenities

  • Drive Thru

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Walgreens Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - $9.99 Lorem Ipsum Jan 0000
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

Albertsons
Ralphs Fresh Fare
Starbucks
Trader Joe's
Chase Bank
Bank of America
My Gym
24 Hour Fitness
Crunch Fitness
Flame Broiler

Property Taxes

Property Taxes

Parcel Number
178-263-27
Land Assessment
$3,256,434 CAD
Improvements Assessment
$1,986,055 CAD
Total Assessment
$5,242,488 CAD
  • Listing ID: 36543977

  • Date on Market: 2025-06-30

  • Last Updated:

  • Address: 4935 Warner Ave, Huntington Beach, CA 92649

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