Drive-Through Absolute NNN
For Sale
Contact for pricing
1634 E Highland Ave, San Bernardino, CA 92404
Leased-fee Walgreens with drive-thru, corporate guarantee, and absolute NNN structure with zero landlord responsibilities.
Property SizeContact for details
Days on Market122
Property Features for 1634 E Highland Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Logan Fazakerley · License #CA License No. 02081491
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 12:43PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net Lease Group presents the leased fee interest in a Walgreens absolute NNN, ground-leased investment property featuring a drive-thru. The lease is corporate guaranteed and structured as absolute NNN with zero landlord responsibilities.
The property is located at 1634 E Highland Ave, San Bernardino, CA 92404. Walgreens has approximately 4 years remaining in the initial lease term, with 7 (5-year) option periods to extend.
The next 10% rental increase for Walgreens is scheduled to take effect in July 2022 at the beginning of the next option period. The offering is priced based off the July 2022 rent.
The property is located at 1634 E Highland Ave, San Bernardino, CA 92404. Walgreens has approximately 4 years remaining in the initial lease term, with 7 (5-year) option periods to extend.
The next 10% rental increase for Walgreens is scheduled to take effect in July 2022 at the beginning of the next option period. The offering is priced based off the July 2022 rent.
Key Highlights
- Leased‑fee Walgreens investment in San Bernardino, CA with drive‑thru
- Absolute NNN ground lease with zero landlord responsibilities
- Corporate‑guaranteed lease with approximately 4 years remaining in the initial term
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
284k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 34%
Groceries 14%
Home Improvements & Furnishings 6%
Cardenas Market
Groceries
38,502 visits/mo
0.1 miles
dd's DISCOUNTS
Shops & Services
26,485 visits/mo
0.5 miles
Dollar Tree
Shops & Services
23,045 visits/mo
0.2 miles
Bank of America
Shops & Services
21,954 visits/mo
0.1 miles
Wendy's
Dining
20,994 visits/mo
0.1 miles
Demographics for 92404, CA
64,270
Population
19,403
Households
3.3
Avg Household Size
31
Median Age
10%
College-Educated
72%
High-School Grad
31.6 sq mi
ZIP Area
2,034
Density / Sq Mi
$66,173
Median Household Income
$36,237
Median Earnings
$1,386
Median Rent
$383,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Leased-fee Walgreens with drive-thru, corporate guarantee, and absolute NNN structure with zero landlord responsibilities.
Where is this nnn property located?
The property is located at 1634 E Highland Ave San Bernardino, CA.
What are key features of this property?
This property features: Leased‑fee Walgreens investment in San Bernardino, CA with drive‑thru; Absolute NNN ground lease with zero landlord responsibilities; Corporate‑guaranteed lease with approximately 4 years remaining in the initial term
