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Walgreens 9305 Mission Gorge Rd

13,666 SF Retail Building Santee, CA 92071 £8,245,050 (£603/SF) 5.50% Net Initial Yield

Investment Highlights

  • Long Term Absolute Triple-Net (NNN) Lease with 10 Years Remaining
  • Lease Guaranteed by Walgreen’s Corporate Entity
  • Extremely Attractive Better Than Market Loan Assumption with a 4.30% Interest Only Loan and a 7.19% Cash on Cash Return

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for the Walgreens
located at 9305 Mission Gorge Rd in Santee, CA. The site consists of roughly
13,666 rentable square feet of building space on an estimated 1.15-acre parcel of
land. This property is subject to a long term, triple net (NNN) lease, which expires
on June 30, 2034. The current annual rent is $575,000 and is subject to the tenant
having 10, 5-year renewal options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,666 SF
Building Class
C
Year Built
2008
Price
£8,245,050
Price Per SF
£603
Net Initial Yield
5.50%
NOI
£453,675
Tenancy
Single
Number of Floors
1
Building FAR
0.27
Land Acres
1.15 AC
Zoning
c
Frontage
190 ft on Mission Gorge Rd

Amenities

  • Signage
  • Drive Thru
1 of 1
9305 Mission Gorge Rd, Santee, CA - aerial map view
Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Sprouts Farmers Market
Club Pilates
Starbucks
IHOP
L & L Hawaiian Barbecue
Bank of America
Grocery Outlet
Vons
Chase Bank
U.S. Bank

PROPERTY TAXES

Parcel Numbers
Multiple
  • 383-124-67
  • 383-124-68
 Improvements Assessment £3,076,383
Land Assessment £1,653,329 Total Assessment £4,729,712

PROPERTY TAXES

Parcel Numbers
Multiple
  • 383-124-67
  • 383-124-68
Land Assessment
£1,653,329
Improvements Assessment
£3,076,383
Total Assessment
£4,729,712
(332) 345-4222

  • Listing ID: 32031401

  • Date on Market: 05/06/2024

  • Last Updated:

  • Address: 9305 Mission Gorge Rd, Santee, CA 92071

The Retail Property at 9305 Mission Gorge Rd, Santee, CA 92071 is currently available For Sale. Contact NNN Pro Group for more information.

Nearby Listings

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9305 Mission Gorge Rd, Santee, CA for sale Building Photo- Image 1 of 3
9305 Mission Gorge Rd - Santee, CA - Main
9305 Mission Gorge Rd, Santee, CA for sale Aerial- Image 2 of 3
9305 Mission Gorge Rd - Santee, CA - Aerial

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© 2024 CoStar Group

Walgreens | 9305 Mission Gorge Rd
(332) 345-4222 x

Walgreens | 9305 Mission Gorge Rd

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Josh Kanter

(617) 865-1145

(617) 865-1145

Ryan Mastroianni

(617) 250-0443

(617) 250-0443

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