ActiveCommercial · sale

3320 Chino Hills

Chino Hills, CA 91709

$8,823,530

  • 1.58 acres
  • Built 2009

Listed by Corcoran Group of California Inc. · MLS #EV24048793

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2009.

Property size

1.58 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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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.
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THE NEIGHBORHOOD

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3320 Chino Hills, Chino Hills, CA 91709

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THE DETAILS

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Property type
CommercialSale
Category
Commercial
Year built
2009
Parcel
1025321020000

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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3320 Chino Hills, Chino Hills, CA 91709 · MLS #EV24048793

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Listing information

MLS #EV24048793 · California Regional MLS

Listing brokerage: Corcoran Group of California Inc.
Listing agent: Daniel Corcoran

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.