Active
3320 Chino Hills
Chino Hills CA, 91709
$8,823,530
$594.86 per sqft
Active
14,833 sqft
Commercial
Built in 2009
Listed by DANIEL CORCORAN with Corcoran Group of California Inc. 310-435-9106
PRICE REDUCED $750,000! Corcoran Group of California, Inc., Dan Corcoran is pleased to offer this exclusively listed Walgreens located at 3320 Chino HIlls Parkway, Chino Hills, CA 91709. This fee simple property presents an absolute net lease, ensuring zero landlord responsibilities, backed by a full investment-grade Walgreens guaranty, offering investors a hassle-free, passive income stream. With a preferred five-year option structure, this location presents robust sales volumes and stability The building is approximately 14,833 square feet on a 1.58 acre lot. There is an assumable (1/4 point assumption fee) $5,175,000 loan at 3.29% with monthly payments of $22,896.07 balloning in approximately nine years. The after payment cash flow (cash-on-cash) is $20,854 per month. Tenant maintains the property and pays all operating expenses directly. Property is strategically located on Chino Hills Pkwy (38,400 cars/day) with great exposure and visibility. It is on a signalized intersection adjacent to a large senior living complex and surrounded by affulent homes.
EV24048793
MLSⓇ ID
March 11, 2024
Listed
July 4, 2024
Updated
Map
3320 Chino Hills
Chino Hills CA, 91709
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.58 Acres
Lot Features
0-1 Unit/Acre, Flat
Other Property Details
Area Name
682 - Chino Hills
Days on Market
100
Garage
No
View
No
County
San Bernardino
Water Source
Public
Pool
No
Buyer Agency Compensation
1.5%
Listing History
Date | Event | Price |
|---|---|---|
6/19/2024 | Price Change | $8,823,530 -5% |
5/2/2024 | Price Change | $9,250,000 -4% |
4/6/2024 | Price Change | $9,545,455 -5% |
Listing Contact: 310-435-9106
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/4/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 7/4/2024 at 12:46 AM UTC