WALGREENS | $11,800,000 | 5.00% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Walgreens a single-tenant property located at 9830 Long Beach Boulevard, Los Angeles (South Gate), CA 90280.
The subject property is comprised of 12,375 square feet, built-in 2006. The building sits on a large 1.21 acre lot located just off the intersection of Long Beach Boulevard & Tweedy Boulevard (±48,000 VPD). Located just 8 miles from downtown Los Angeles, Walgreens benefits from extrodinory demographics with over 1 million residents in a 5 mile radius.
Walgreens operates on an absolute-net lease backed by a corporate guaranty with 9.5 years remaining. This property will be offered free and clear of debt allowing the Buyer an opportunity to get extremely favorable low interest debt (Currently rates fluctuating around 3.29%).
Walgreen Company or simply Walgreens is an American company that operates as the second-largest pharmacy store chain in the United States behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. As of August 31, 2018, the company operated 9,560 stores in all 50 states, the District of Columbia and the US territories of Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois.