Back To Listings
Additional Images

Walgreens - Calimesa, CA

1186 Calimesa Blvd.
Calimesa, CA 92320
Availability: Price:$6,456,000 Size:14,820 SF
Shipping: Marcus & Millichap is pleased to present the sale of Walgreens located at 1186 Calimesa Blvd, Calimesa CA 92320
Pricing: $0.00
Qty:

Description





Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

SCOTT HILMEN | SENIOR ASSOCIATE


Senior Associate: NOIPG
License: CA 02025155
Dir: (858) 373-3123
Cell: (619) 665-0671
scott.hilmen@marcusmillichap.com

Description

Marcus & Millichap is pleased to present the sale of a single tenant Walgreens positioned within The Shoppes at Calimesa; a recently constructed 45,353 (approximate) square foot anchored neighborhood shopping center located in the Inland Empire community of Calimesa.

Features

  • Corporate lease with Walgreen Co.
  • Approximately 67 years remaining in the base lease term (with a right to terminate with 12 months’ notice anytime on/after 2034)
  • Strong historical sales revenues reported at this Walgreens location
  • Walgreens is an investment grade tenant with Standard and Poor’s rating of BBB
  • Pride of Ownership asset with high quality construction and landscaping elements
  • Captive trade area, with the closest drugstore competition approximately three miles away from the subject property
  • Positioned within The Shoppes at Calimesa; a 45,353 (approximate) square foot neighborhood shopping center that features national tenants Dollar Tree, Starbucks, Carl’s Jr., Denny’s, Subway, and Fantastic Sam’s

Sale Price

$6,456,000

Building Area

14,820 SF

Price Per SF

$435.63

Tenant

Walgreens

CAP Rate

5.5%

Year Built

2009

Lease Term Remaining

67 Years

Details

  • 22932268
  • Mixed-Use
  • Price:$6,456,000 Size:14,820 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present the sale of Walgreens located at 1186 Calimesa Blvd, Calimesa CA 92320

Customer Reviews

Comment Total Reviews (0)

Write the First Review!

You must login to post a review.