Active MLS # EV24048793 | Listed by DANIEL CORCORAN with Corcoran Group of California Inc.
3320 Chino Hills is a $8,823,530, 14,833 square foot home on a 1.58 acre lot located in Chino Hills, CA.
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.
| Interior Features | None |
| Exterior Features | Standard |
| Land Type | Flat Item01 Unit Acre |
| Water Source | Public |
| Attribution Contact | dmcor@cgroupca.com |
| Financial Terms | Assumable 1031 Exchange financialterm335 |
| Property Type | Commercial Sale |
| Property Sub Type | Retail |
| Year Built | 2009 |
| HOA Fee | $0.00 |
| Taxes | $0.00 |
| County | san bernardino |
| Neighborhood |
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