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Walgreens 7878 Crescent Ave 13,650 SF Retail Building Buena Park, CA 90620 $13,153,320 CAD ($963.61 CAD/SF) 5.58% Cap Rate
Investment Highlights
- Signalized Hard Corner with over 80,500 VPD
- 265k Population and $115k Household Incomes within 3-Miles
- Adjacent to Knott's Berry Farm, a 57-Acre Amusement Park with Over 5-Million Visitors Per Year
- High Barriers to Entry - Potential Future Redevelopment Play
Executive Summary
*Absolute NNN Lease with Walgreens Corporate Guaranty (S&P rated BB-)
*Ranks in the top 25th percentile nationwide for visits (Placer.ai)
*LabCorp Location - convenient lab and bloodwork testing on-site at this select location
*Huge traffic count with over 80,500 vehicles per day at the intersection of Beach and Crescent
*½ mile south of Buena Park Downtown Shopping Mall, a top-ranking destination Power Center with 1.4 million square feet of retail space and an estimated 7.7M visits in the past 12-months (Placer.ai) and 6 miles northwest of Disneyland Park and Resort, ranked the #2 theme park worldwide with 17.25 million visitors in 2023
*1.3 miles north of Western High School (~1,700 students), 2 miles west of Savanna High School (~1,700 students), and 2.5 miles east of John F. Kennedy High School (~2,100 students)
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 13,650 SF
- $4.49 CAD
- Triple Net
- Feb 2029
Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 13,650 SF | $4.49 CAD | Triple Net | Feb 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 135-101-31 | Improvements Assessment | $3,585,218 CAD |
| Land Assessment | $6,952,998 CAD | Total Assessment | $10,538,216 CAD |
Property Taxes
Presented by
Walgreens | 7878 Crescent Ave
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