Keegan Cin | Realtor® | License # DRE 01971604

Property

Chino Hills, CA 91709 3320 Chino Hills

Presented By: DANIEL CORCORAN with Corcoran Group of California Inc.; dmcor@cgroupca.com
  • MLS# EV24048793
  • 03/11/2024
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  • SQFT • 14,833
  • Year Built • 2009

Home Details

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.
Presented By: DANIEL CORCORAN with Corcoran Group of California Inc.; dmcor@cgroupca.com

Interior Features for 3320 Chino Hills

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
LivingAreaSourceAssessor
Total Stories1

Other Rooms

Entry Level1

General for 3320 Chino Hills

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.95
Carport Y/NNo
CityChino Hills
CountySan Bernardino
Current FinancingAssumable
DirectionsCorner Chino Hills Parkway
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToExistingLoan, CashToNewLoan, Exchange1031
Lot Size Square Feet68691.0
Lot Size UnitsSquareFeet
MLS Area682 - Chino Hills
MobileHomeRemainsYNNo
Net Operating Income525000.0
New ConstructionNo
Number of Units Leased1
Occupancy TypeTenant
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubtypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
TopographyLevel
Waterfront Y/NNo
Year Built2009

Exterior for 3320 Chino Hills

Building Area Total14833.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, Flat
Lot Size Acres1.5769
Lot Size Area68691.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $8,823,530
MLS#EV24048793
List Date 03/11/2024
Property Type Commercial
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