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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com

DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com

DRE# 01787685
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3320 Chino Hills,  Chino Hills CA, 91709

(Active)
$9,250,000
|
14,833 sqft
|
MLS# EV24048793
Last Updated: 5/17/2024 2:12 AM
Description for 3320 Chino Hills Chino Hills, CA 91709
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 with great exposure and visibility. It is on a signalized intersection adjacent to a large senior living complex and surrounded by affulent homes.
Price
$9,250,000
San Bernardino
14,833 (approx)
EV24048793
Active
Description
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 with great exposure and visibility. It is on a signalized intersection adjacent to a large senior living complex and surrounded by affulent homes.
Listing Information
Property Type: Retail, Business Opportunities, 1 Story
1.58 Acres Assessor 14,833 (approx)
2009 1
Public
1 Total
Neighborhood
Room Information
None
Exterior / Lot Features
0 Covered Parking Spaces,
Level
0-1 Unit/Acre,Flat
Driving Directions
Corner Chino Hills Parkway
Financial Considerations
1025321020000
Cash to Existing Loan,Cash to New Loan,1031 Exchange
Listing Price History

Chino Hills Real Estate

Chino Hills is located in California. Chino Hills, California 91709 has a population of 82,073.

The median household income in Chino Hills, California 91709 is $108,088. The median household income for the surrounding county is $65,961 compared to the national median of $66,222. The median age of people living in Chino Hills 91709 is 35 years.

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Listing Agent: DANIEL CORCORAN CalDRE: 00451125 - Corcoran Group of California Inc., dmcor@cgroupca.com
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/17/2024 2:12 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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