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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$8,823,530

Est. payment - /mo

1.58 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID EV24048793

HOA Y/N No

Year Built 2009

Lot Size 1.577 Acres

Property Sub-Type Retail

Property Description

PRICE REDUCED $750,000! Corcoran Group of California, Inc., Dan Corcoran is pleased to offer this exclusively listed Walgreens located at 3320 Chino HIlls Parkway, Chino Hills, CA 91709. This fee simple property presents an absolute net lease, ensuring zero landlord responsibilities, backed by a full investment-grade Walgreens guaranty, offering investors a hassle-free, passive income stream. With a preferred five-year option structure, this location presents robust sales volumes and stability The building is approximately 14,833 square feet on a 1.58 acre lot. There is an assumable (1/4 point assumption fee) $5,175,000 loan at 3.29% with monthly payments of $22,896.07 balloning in approximately nine years. The after payment cash flow (cash-on-cash) is $20,854 per month. Tenant maintains the property and pays all operating expenses directly. Property is strategically located on Chino Hills Pkwy (38,400 cars/day) with great exposure and visibility. It is on a signalized intersection adjacent to a large senior living complex and surrounded by affulent homes.

Location

State CA

County San Bernardino

Area 682 - Chino Hills

Interior

Fireplace No

Laundry None

Building

Lot Description 0-1 Unit/Acre, Flat

Story 1

Water Public

Others

Tax ID 1025321020000

Acceptable Financing Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Listing Terms Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Daniel Corcoran Corcoran Group of California Inc. dmcor@cgroupca.com, DRE #00451125

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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3320 Chino Hills Chino Hills, CA 91709

Patricia Beattie

Key Details

Location

Interior

Building

Others

Nearby School & Business

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