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27951 Baseline St
Highland, CA 92346 Crossroads

$4,725,000 USD

Drugstore For Sale  •  13,915 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 13,905 SF
  • Lot Size 1.78 AC
  • Building Class B
  • Year Built 2001
  • Tenancy Single
  • Zoning Commercial Retail
20 Transit Score
40 Walk Score

Highlights

The subject property is offered at $4,725,000, reflecting a 7.50% cap rate on in-place NOI of $354,275.
Over the remaining 9.7 years of firm lease term, Walgreens is scheduled to pay approximately $3,436,000 in total base rent.
This is the only Walgreens in the entire City of Highland, serving a community of approximately 73,628 residents.
Walgreens has operated at this location continuously since 2001, demonstrating long-term commitment to the site.
The lease is structured as NN (Landlord responsible for roof and structure only).
he subject property is positioned on the signalized hard corner of Baseline Street and Boulder Avenue.

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage

Public Transportation

Commuter RailDriveWalkDistance
Redlands - Esri Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains) 9 min - 5.2 mi
Redlands - Downtown Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains) 9 min - 5.8 mi
AirportDriveWalkDistance
Ontario International 36 min - 27.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes
Patrick Wade 818-259-0476 CBRE, Inc.
Patrick Wade 818-259-0476 CBRE, Inc.