3320 Chino Hills Pkwy Chino Hills, CA 91709
Fee simple Walgreens with absolute net lease and zero responsibilities.
Lot size:
1.58 AcresProperty Features for 3320 Chino Hills Pkwy
General Information
- Standard status
- Active
- Lot size
- 1.58 Acres
Source:
Exprealty
Listing Agency: Corcoran Group of California Inc. Listing Agent: Daniel Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Walgreens NNN Property For Sale
The property is a Walgreens located at 3320 Chino Hills Parkway, Chino Hills, CA 91709. The building is approximately 14,833 square feet on a 1.58 acre lot. This fee simple property features an absolute net lease, ensuring zero landlord responsibilities, backed by a full investment-grade Walgreens guaranty, offering investors a hassle-free, passive income stream. The tenant maintains the property and pays all operating expenses directly. The property is strategically located on Chino Hills Parkway (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 affluent homes. 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. It has a preferred five-year option structure and presents robust sales volumes and stability.
Location Intelligence
Current Use by Public Records
Emily J. Wu, ...
Pharmacy
Walgreens Photo
Passport Photo Processor
Walgreens
Drug Store
Walgreens Pharmacy
Pharmacy
ChargePoint Charging Station
Electric Vehicle Charging Station
Similar Places Nearby
Doris A. Kilzi, Pharm
Location Insight
- Map
- Local Demand
- City
- Chino Hills
- County
- San Bernardino
- State
- California
- Longitude
- -117.731887
- Latitude
- 33.9830328
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Fee simple Walgreens with absolute net lease and zero responsibilities.
Where is this drug store located?
The property is located at 3320 Chino Hills Pkwy Chino Hills, CA.
What is the asking price?
The asking price for this property is $8,823,530.
What are key features of this property?
This property features: - Absolute net lease with zero landlord responsibilities, providing passive income.; - Full investment-grade Walgreens guaranty ensures financial stability.; - **Assumable $5,175,000 loan at 3.29%** with attractive monthly payments.