Walgreens - Base Term Increases - REDUCED | 4935 Warner Ave
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Walgreens - Base Term Increases - REDUCED 4935 Warner Ave
13,772 SF Retail Building Huntington Beach, CA 92649 £15,257,775 (£1,108/SF) 4.42% Net Initial Yield
Investment Highlights
- Absolute Triple Net Walgreens in Orange County, California
- Average Household Income Within 3 Miles above $112,521
- Excellent Traffic Counts (49,000+ VPD) at Hard Corner, Signalized Intersection
- Extremely Rare Rent Escalations Every 5 Years
Executive Summary
HMX Realty Advisors is pleased to offer to qualified investors the opportunity to purchase a trophy (land and building) NNN Walgreens (NASDAQ: WAG) in Southern California. The property is located at the signalized intersection of Bolsa Chica Street and Warner Avenue in the high barrier to entry city of Huntington Beach, California.
Huntington Beach is a seaside city in Orange County in Southern California. It is bordered by the Pacific Ocean on the southwest, by Seal Beach on the northwest, by Costa Mesa on the east, by Newport Beach on the southeast, by Westminster on the north, and by Fountain Valley on the northeast. It is known for its long 9.5-mile stretch of sandy beach, mild climate, excellent surfing, and beach culture. The ocean waves are enhanced by a natural effect caused by the edge- diffraction of open ocean swells around the island of Catalina.
Retailers in the immediate surrounding area include CVS, Little Caesars, Harbour Tire, Goodyear, McDonald’s, Pick Up Stix, Starbucks, Dairy Queen, Ralphs, and Wells Fargo.
Huntington Beach is a seaside city in Orange County in Southern California. It is bordered by the Pacific Ocean on the southwest, by Seal Beach on the northwest, by Costa Mesa on the east, by Newport Beach on the southeast, by Westminster on the north, and by Fountain Valley on the northeast. It is known for its long 9.5-mile stretch of sandy beach, mild climate, excellent surfing, and beach culture. The ocean waves are enhanced by a natural effect caused by the edge- diffraction of open ocean swells around the island of Catalina.
Retailers in the immediate surrounding area include CVS, Little Caesars, Harbour Tire, Goodyear, McDonald’s, Pick Up Stix, Starbucks, Dairy Queen, Ralphs, and Wells Fargo.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,772 SF
Building Class
B
Year Built
2011
Price
£15,257,775
Price Per SF
£1,108
Net Initial Yield
4.42%
NOI
£673,872
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Lot Size
1.30 AC
Zoning
CG
Parking
61 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Walk Score ®
Very Walkable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 178-263-27 | Improvements Assessment | £1,084,317 |
| Land Assessment | £1,777,898 | Total Assessment | £2,862,215 |
PROPERTY TAXES
Parcel Number
178-263-27
Land Assessment
£1,777,898
Improvements Assessment
£1,084,317
Total Assessment
£2,862,215
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Walgreens - Base Term Increases - REDUCED | 4935 Warner Ave
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