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Walgreens 7878 Crescent Ave 13,650 SF Retail Building Buena Park, CA 90620 $12,960,280 CAD ($949.47 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
*Corporate Tenant with Proven Sales Performance
*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)
*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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,650 SF
Building Class
C
Year Built
2004
Price
$12,960,280 CAD
Price Per SF
$949.47 CAD
Cap Rate
5.58%
NOI
$723,184 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.44 AC
Zoning
CG - CG – Commercial General
Parking
68 Spaces (4.98 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 13,650 SF
- $4.42 CAD
- Triple Net
- Feb 2029
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 | 13,650 SF | $4.42 CAD | Triple Net | Feb 2029 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 135-101-31 | Improvements Assessment | $3,454,828 CAD |
| Land Assessment | $6,700,123 CAD | Total Assessment | $10,154,951 CAD |
Property Taxes
Parcel Number
135-101-31
Land Assessment
$6,700,123 CAD
Improvements Assessment
$3,454,828 CAD
Total Assessment
$10,154,951 CAD
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Walgreens | 7878 Crescent Ave
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