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.

Address Map
CA
San Bernardino
Chino Hills
91709
3320 Chino Hills
0
W118° 16' 27.8''
N33° 57' 34''
Corner Chino Hills Parkway
MLS Addon
Corcoran Group of California Inc.
DANIEL CORCORAN
dmcor@cgroupca.com
CR226097
CR363086272
: Public

Commercial Sale For Sale

3320 Chino Hills, Chino Hills, California 91709

14,833 Sqft
$8,823,530
Listing ID #CREV24048793
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CREV24048793
Price : $8,823,530
Square Footage : 14,833 Sqft
Year Built : 2009
Lot Area : 68,691 Sqft
Status : Active
Property SubType : Retail
Agent info
Michael Roberts
Contact Agent