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Listed by Eric Ault • On the House Realty & Lending
$5,872,210
Est. payment /mo
14,490 SqFt
Active
15480 Main Street Hesperia, CA 92345
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 14,490 sqft
Price per Sqft $405
MLS Listing ID CRPW25049490
HOA Y/N No
Year Built 2006
Lot Size 1.196 Acres
Property Sub-Type Retail
Source Datashare California Regional
Property Description
Prime Investment Opportunity: Secure an investment in this Retail property with Walgreens (NASDAQ: WBA) boasting an Investment Grade Credit Rating of "BBB" by Standard & Poor's. Lucrative Returns: With 2024 annual revenues surpassing $147 Billion, up over 6% from the previous year, and the tenant operating at this location for 20 years, this property presents a compelling opportunity for investors seeking a stable and high ROI potential. Added Value: Benefit from the convenience of a drive-thru pharmacy on-site, enhancing the property's appeal and further solidifying its position as a lucrative investment in the competitive retail sector. Zero landlord responsibility with absolute Triple Net lease. Lucrative investment opportunity with the tenant responsible for all NNN fees, including property taxes and insurance, ensuring a hassle-free income stream for investors. With a 75-year lease that began in February 2006, stability and long-term returns are at the core of this enticing offering. The lease has ten separate 5-year termination options with the first termination option on January 31, 2031.
Location
State CA
County San Bernardino
Interior
Fireplace No
Building
Water Public
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