Walgreens - Dark - Apple Valley, CA

20250 California 18, Apple Valley, CA 92307

  • For Sale $4,350,000
  • Property Type Retail - Freestanding
  • Property Size 15,035 SF
  • Lot Size 1.49 Acre
  • Additional Rent Contact for pricing
  • Building Class A
  • Year Built 2004
  • Date Updated Oct 29, 2024
This is a unique opportunity to purchase a free standing retail building on a main thoroughfare in San Bernardino County, the largest county in the contiguous United States by area. San Bernardino is part of the Inland Empire of southern California and has over 2.1 million residents. Highway 18 is the main thoroughfare through Apple Valley. National retail tenants in the adjacent and across the street from this store include Target, Walmart, Albertsons, Starbucks, Chase Bank, Ross Dress for Less, and more. Subject property is located approximately 3 miles southeast of Providence St. Mary Medical Center, a 213-bed full service hospital served by 300 physicians. Just one block from the subject property is located Apple Valley Town Hall which includes the Civic Center Park, Apple Valley Police Department, the Apple Valley Conference Center and the San Bernardino County Library.The store is dark and no longer in operation but will produce over $2,000,000 of income over the remaining 6.5 years of lease term. Rental income is guaranteed by Walgreens corporate (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations. Lease buyout is available from Walgreens. Property can be purchased free and clear of debt or by a debt assumption. The current loan has an interest rate of 4.5% and a monthly payment of $16,273 giving a buyer $10,727 cash flow per month not including principal paydown. The loan comes due 7/28/2029 and will have a balance of $2587,920 at maturity.

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Highlights

  • - Impressive 15,035 SF modern building
  • - Constructed in 2004 with contemporary design
  • - Ideal for retail or free-standing building investors
  • - Prime location in thriving Apple Valley area
  • - High visibility and accessibility

Contacts

broker

Matthew Cronin

Exclusive Realty

Location

Getting Around

  • Walk Score ®

    60/100 Somewhat Walkable
  • Transit Score ®

    24/100 Minimal Transit
  • Bike Score ®

    43/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Apple Valley, CA
  • Neighborhood Apple Valley
  • Zip Code 92307
  • Market Inland Empire

Points of Interest

  • Victorville

    4.14 miles

  • Arco

    0.30 miles

  • 76

    0.40 miles

  • Chevron

    2.26 miles

  • Valero

    4.03 miles

  • Mobil

    4.18 miles

  • Tesla Supercharger

    5.99 miles

  • Lot 14

    4.10 miles

  • Lot 19

    4.14 miles

  • Lot 15

    4.15 miles

  • Lot 17

    4.17 miles

  • Lot 16

    4.28 miles

  • Lot 20

    4.28 miles

  • Lot 21

    4.35 miles

  • Lot 1

    4.39 miles

  • Lot 24

    4.39 miles

  • Lot 9

    4.40 miles

  • Denny's

    0.03 miles

  • McDonald's

    0.08 miles

  • Taco Bell

    0.13 miles

  • Domino's

    0.14 miles

  • Panda Express

    0.16 miles

  • Jack in the Box

    0.18 miles

  • Del Taco

    0.18 miles

  • Carl's Jr.

    0.19 miles

  • Subway

    2.04 miles

  • KFC

    2.46 miles

  • Albertsons

    0.17 miles

  • Walmart Neighborhood Market

    0.18 miles

  • Target

    0.20 miles

  • Ross

    0.29 miles

  • Stater Bros.

    3.85 miles

  • Food 4 Less

    4.02 miles

  • Big Lots

    4.13 miles

  • 99 Cents Store

    4.28 miles

  • WinCo Foods

    4.38 miles

  • ALDI

    4.47 miles

Frequently Asked Questions

How much does Walgreens - Dark - Apple Valley, CA cost?

The space currently listed for sale at Walgreens - Dark - Apple Valley, CA asks for $4,350,000.

What is the total square footage of Walgreens - Dark - Apple Valley, CA?

Walgreens - Dark - Apple Valley, CA totals 15,035 square feet.

When was this property built?

Walgreens - Dark - Apple Valley, CA was built in 2004.

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Contact Listing Broker

broker

Matthew Cronin

Exclusive Realty