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$ 8,823,530
Est. payment /mo
Active
3320 Chino Hills Chino Hills, CA 91709
1.58 Acres Lot
UPDATED:
12/05/2024 12:35 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID EV24048793
HOA Y/N No
Year Built 2009
Lot Size 1.577 Acres
Property Description
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.
Location
State CA
County San Bernardino
Area 682 - Chino Hills
Interior
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre, Flat
Story 1
Water Public
Others
Tax ID 1025321020000
Acceptable Financing Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by DANIEL CORCORAN • Corcoran Group of California Inc. • dmcor@cgroupca.com