Bellflower CA

Price: $ 6,300,000
CAP Rate: 6.00%
NOI: $ 378,000
Lease Term Remaining Before Options: 5.5 Years
Investment Highlights
  • Strong sales with absolute net lease guaranteed by Walgreens with 20-year operating history.
  • Busy infill Los Angeles County location on intersection with ±47,336 VPD just blocks from I-605 with ±303,000 VPD and ±679,000 residents in a 5-mile radius.
  • Adjacent to Bellflower Middle/High School with ±2,300 students, ±150 staff and one mile from Cerritos College with ±21,000 students enrolled and ±3,500 employees.
Offering Summary

Pharma Property Group is pleased to exclusively market for sale a single tenant Walgreens property located in Bellflower, California which is part of the Los Angeles County.  Walgreens has been operating at this Southern California location for 20+ years. The lease is true absolute NNN with no landlord responsibilities whatsoever with approximately 5.5 years remaining and 10 (5-year) options to extend.

 

This 13,578 square foot building is adjacent to Bellflower Middle/High School which has about 2,300 students enrolled and just a mile west of Cerritos Community College which has over 21,000 students enrolled.  A truly infill location, there are over 679,000 residents in a 5-mile radius of this property.

 

The Walgreens is located on a busy intersection which boasts ±47,336 vehicles per day and is just blocks from Interstate 605 which has a traffic count of approximately 303,000 vehicles per day.  Interstate 605 connects directly to Interstate 5, the main north/south interstate on the West Coast.

Price: $ 6,300,000
CAP Rate: 6.00%
NOI: $ 378,000
Lease Term Remaining Before Options: 5.5 Years