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PRICE REDUCED $750,000! Corcoran Group of California, Inc., Dan Corcoran is pleased to offer this exclusively listed Walgreens located at 3320 Chino HIlls Parkway, Chino Hills, CA 91709. This fee simple property presents an absolute net lease, ensuring zero landlord responsibilities, backed by a full investment-grade Walgreens guaranty, offering investors a hassle-free, passive income stream. With a preferred five-year option structure, this location presents robust sales volumes and stability The building is approximately 14,833 square feet on a 1.58 acre lot. 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. Tenant maintains the property and pays all operating expenses directly. Property is strategically located on Chino Hills Pkwy (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 affulent homes.
Property Type(s):
Commercial
| Last Updated | 6/19/2024 | Year Built | 2009 |
|---|---|---|---|
| Community | Chino Hills | County | San Bernardino |
Price History
| Prior to Apr 5, '24 | $10,000,000 |
|---|---|
| Apr 5, '24 - May 2, '24 | $9,545,455 |
| May 2, '24 - Jun 19, '24 | $9,250,000 |
| Jun 19, '24 - Today | $8,823,530 |
Additional Details
| AREA | Chino Hills |
|---|---|
| LOT | 1.58 acre(s) |
| LOT DESCRIPTION | 0-1 Unit/Acre, Flat |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Corcoran Group of California Inc.
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