Walgreens | Top Performing Store
27951 Baseline St, Highland, CA 92346
Price: $6,161,000
Status: Hidden
Cap Rate: 5.75%
Year Built: 2000
NOI: $354,275
Lot Size: 1.77 acres
Price Per Foot: $443
Lease Type: Double Net (NN)
Remaining Term: 12+ Years
GLA: 13,905 sqft
Property Intro
Lee & Associates is pleased to exclusively offer for sale, the fee simple interest (land & building) in a Walgreens property located in Highland, CA within the County of San Bernardino (the “Property”). Built in 2000, the Property consists of a 13,905-square-foot retail building with a drive-thru lane that sits on an approximately 1.77-acre parcel.
The building is leased to Walgreens Co. on a corporate lease, providing the security of an investment grade credit rating of “BBB” from Standard of Poor’s. Parent company Walgreens Boots Alliance (NASDAQ: WBA), is publicly traded with an impressive $50B market CAP. WBA is also the largest retail pharmacy operator in the US and Europe, with over 13,000 stores in over 9 countries.