Walgreens

High-Yield Absolute NNN Investment: Offered at a 10.00% cap rate with $324,000 NOI, providing strong in-place cash flow backed by a corporate Walgreens lease structure.
Zero Landlord Responsibilities: Structured as an Absolute NNN lease, minimizing ownership obligations and creating a passive investment opportunity with no landlord expense responsibilities.
Corporate Walgreens Guaranty: Lease guaranteed by Walgreens, one of the nation’s most recognized pharmacy operators and a longstanding national retail tenant.
Strategic Exit / Repositioning Opportunity: With approximately 3.2 years of lease term remaining, investors have the opportunity to capitalize on continued income while planning for future leasing, redevelopment, or owner-user repositioning.
Fee Simple Ownership: Investors benefit from complete control through fee simple ownership, allowing maximum flexibility for future disposition or redevelopment strategies.
Large Freestanding Retail Building: The property consists of approximately 14,989 SF situated on a sizable 1.42-acre parcel, providing strong functionality and future adaptability.
Prime Signalized Corner Location: Located along State Highway 18, a major commercial corridor through Apple Valley with strong daily traffic counts and regional connectivity throughout the High Desert.
Dense Retail Corridor: Surrounded by national retailers, service providers, and residential growth, supporting long-term underlying real estate value and future tenant demand.
Flexible Commercial Zoning: Zoned C-G (General Commercial), allowing for a broad range of future retail, medical, or service-oriented uses.
Strong Residual Real Estate Value: The combination of hard corner positioning, substantial land area, established retail trade area, and prominent frontage supports long-term intrinsic land value beyond the existing tenancy.

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David Harrington