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    1501 W Whittier Blvd Montebello, CA 90640

    For Sale
    $7,950,000

    Single-tenant Walgreens with long-term lease in Montebello, CA.

    Lot size:
    0.83 Acres

    Property Features for 1501 W Whittier Blvd

    General Information

    Lot size
    0.83 Acres

    Building Details

    Year built
    2005

    Source: Karim Karmaly Agent Karim Karmaly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Walgreens NNN Lease Investment Opportunity

    This property presents an investment opportunity featuring a single-tenant Walgreens, a major retail pharmacy provider with over 8,600 locations in the United States. The property is located in Montebello, CA 90640. The offering is an absolute NNN lease, meaning there are zero landlord responsibilities. The lease has over 53 years remaining on the term. Walgreens has a long-term operating history at this location of over 22 years. Walgreens is ranked #28 on the Fortune 500 list (2024). The property benefits from a high-traffic location.
    Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Drug Store Walgreens Photo Passport Photo Processor ATM Walgreens 2155 Atm Ty V. Quach, ... Pharmacy Christine L. Vu, ... Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Ty V. Quach, PharmD, Ashwin Patel, Pharm, Kavita Jain, Pharm, The Prescription Shop, The Cream Shop #1

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.1172511
    Latitude
    34.0116328

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    FAQs

    What type of property is this?
    Drug store - Single-tenant Walgreens with long-term lease in Montebello, CA.
    Where is this drug store located?
    The property is located at 1501 W Whittier Blvd Montebello, CA.
    What is the asking price?
    The asking price for this property is $7,950,000.
    What are key features of this property?
    This property features: - Absolute NNN lease offers zero landlord responsibilities.; - Enjoy a long-term investment with 53+ years remaining on the lease.; - Single-tenant Walgreens (NASDAQ: WBA).
    (818) 970-6786
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    1501 W Whittier Blvd Montebello, CA 90640
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 W Whittier Blvd Montebello, CA 90640
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