Walgreens in Chino
3320 Chino Hills Pkwy Chino Hills, CA 91709
For Sale
$8,823,530
Fee simple Walgreens with absolute net lease and strong sales.
Property Size14,833 SF
Lot Size1.58 Acres
Price / SF$594.86
Days on Market870
Property Features for 3320 Chino Hills Pkwy
General Information
Standard status
Active
Size
14,833 SF
Lot size
1.58 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
2009
Listing Agency:
Corcoran Group of California Inc.
(310) 435-9106
Listed By:
Daniel Corcoran · License #00451125
(310) 435-9106
Source:
Exitrealty
Added: Mar 11, 2024
Changed: Jul 10
Last Checked: Jul 27 at 4:22AM
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 Corcoran Group of California Inc.
Investment Insights
Based on property information with market context.
This fee simple property, a Walgreens located at 3320 Chino Hills Parkway, Chino Hills, CA 91709, features an absolute net lease, ensuring zero landlord responsibilities. The property is backed by a full investment-grade Walgreens guaranty, offering a passive income stream. The location has a preferred five-year option structure, robust sales volumes, and stability. The building is approximately 14,833 square feet on a 1.58 acre lot. An assumable loan of $5,175,000 at 3.29% is available (1/4 point assumption fee) with monthly payments of $22,896.07, ballooning in approximately nine years. The after payment cash flow (cash-on-cash) is $20,854 per month. 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. Intended use is for retail and drug store purposes.
Key Highlights
- Absolute net lease with zero landlord responsibilities, providing passive income.
- Investment‑grade Walgreens guaranty ensures financial stability.
- Assumable $5,175,000 loan at 3.29% with attractive monthly payments.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Walgreens Pharmacy — 3320 Chino Hills Pkwy, Chino Hills, CA 91709
- CVS — 3290 Chino Hills Pkwy, Chino Hills, CA 91709
- CVS Pharmacy — 3290 Chino Hills Pkwy, Chino Hills, CA 91709
- Mostafa Alqemary — 3290 Chino Hills Pkwy, Chino Hills, CA 917094270
- Emily J. Wu, Pharm — 3320 Chino Hills Pkwy, Chino Hills, CA 91709
Frequently Asked Questions
What type of property is this?
Drug store - Fee simple Walgreens with absolute net lease and strong sales.
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.; Investment‑grade Walgreens guaranty ensures financial stability.; Assumable $5,175,000 loan at 3.29% with attractive monthly payments.
