3320 Chino Hills, Chino Hills
Chino Hills Home For Sale
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.
Property Details
Additional Information
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- City:
- Chino Hills
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- County:
- San Bernardino
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- Zip:
- 91709
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- MLS® #:
- EV24048793
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- Lot Size:
- 1.58
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- HOA Dues:
- $
Price Change History for 3320 Chino Hills, Chino Hills, (MLS® #EV24048793)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $8,823,530 | $426,470 (4.61%) | |
| Price Reduced | $9,250,000 | $295,455 (3.10%) | |
| Price Reduced (from $10,000,000) | $9,545,455 | $454,545 (4.55%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 5th, 2024 at 10:20pm PDT. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.