NNN Walgreens Retail
For Sale
Contact for pricing
1086 W Arrow Hwy, San Dimas, CA 91773
Fully leased Walgreens storefront with a long-term, NNN structure for reduced landlord involvement.
Property Size15,070 SF
Price / SF$556.74
Days on Market795
Property Features for 1086 W Arrow Hwy
General Information
Standard status
Active
Size
15,070 SF
Property subtype
RETAIL
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
CBD Investment Inc.
(626) 446-8999
Listed By:
Henry Liu · License #013782889
(626) 688-2208
Source:
Moodyscre
Added: Jul 25, 2024
Changed: Sep 13
Last Checked: Sep 26 at 9:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBD Investment Inc.
Investment Insights
Based on property information with market context.
This NNN retail property is fully leased to Walgreens. The remarks state the tenant has operated successfully for over 20 years, and that the “true NNN” structure provides minimal landlord responsibilities with rent backed by Walgreens corporate credit.
The property is located at 1086 W Arrow Hwy in San Dimas, California. It is described as being in a high-traffic area with excellent visibility, with proximity to major retailers and affluent neighborhoods.
The offering is for sale and includes approximately 15,070 square feet of retail space.
The property is located at 1086 W Arrow Hwy in San Dimas, California. It is described as being in a high-traffic area with excellent visibility, with proximity to major retailers and affluent neighborhoods.
The offering is for sale and includes approximately 15,070 square feet of retail space.
Key Highlights
- Fully leased Walgreens storefront
- Long‑term tenant with over 20 years of successful operation
- NNN lease structure with reduced landlord responsibilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$357,233
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,144,660
$7.1M
Cap Rate 7%
$5,103,329
$5.1M
Cap Rate 9%
$3,969,256
$4.0M
Market Conditions
NOI Build-Up for 15,070 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$510.0K $33.84/SF
− Vacancy
−$33.7K −$2.23/SF
EGI
$476.3K $31.61/SF
− OpEx
−$119.1K −$7.90/SF
NOI
$357.2K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,144,660
Cap Rate 7%
$5,103,329
Cap Rate 9%
$3,969,256
Alternative Uses
Best Use
Specialty Retail
$5.10M
$4.47M – $5.95M
NOI $357,233 @ 7.0% cap · market cap 4.26%
Second Best
Retail
$4.76M
$4.17M – $5.56M
NOI $333,418 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$8.07M
$7.06M – $9.41M
NOI $564,789 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,083
Businesses Nearby
960k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 30%
Dining 21%
Shops & Services 20%
Groceries 13%
Costco Wholesale
Superstores
160,334 visits/mo
0.4 miles
Target
Superstores
129,805 visits/mo
0.3 miles
Trader Joe's
Groceries
63,245 visits/mo
0.5 miles
T.J. Maxx
Apparel
51,006 visits/mo
0.3 miles
McDonald's
Dining
43,249 visits/mo
0.5 miles
Demographics for 91773, CA
34,592
Population
12,363
Households
2.8
Avg Household Size
44
Median Age
40%
College-Educated
93%
High-School Grad
15.0 sq mi
ZIP Area
2,306
Density / Sq Mi
$105,926
Median Household Income
$51,673
Median Earnings
$2,232
Median Rent
$754,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Fully leased Walgreens storefront with a long-term, NNN structure for reduced landlord involvement.
Where is this nnn property located?
The property is located at 1086 W Arrow Hwy San Dimas, CA.
What is the asking price?
The asking price for this property is $8,390,000.
What are key features of this property?
This property features: Fully leased Walgreens storefront; Long‑term tenant with over 20 years of successful operation; NNN lease structure with reduced landlord responsibilities
