1634 E Highland Ave San Bernardino, CA 92404

Listing agency SRS Real Estate Partners Newport Beach

Listed by Logan Fazakerley · License #CA License No. 02081491

Source Crexi

Added: Apr 10 Updated: Jul 22 at 9:59PM Checked: Jul 22 at 9:59PM

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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.

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

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FAQs

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