Property Detail
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.
Map Location
Listing provided courtesy of Eric Ault of On the House Realty & Lending. Last updated 2025-07-20 08:27:52.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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