Map of Property

Walgreens - Dark - Apple Valley, CA

For Sale

20250 California 18, Apple Valley, CA 92307

This Apple Valley property for sale is located at 20250 California 18. The general use of Walgreens - Dark - Apple Valley, CA is retail and it incorporates 15,035 square feet of class A retail space. The current listed sale price for Walgreens - Dark - Apple Valley, CA is $4,350,000. Walgreens - Dark - Apple Valley, CA is situated on a lot that is 1.49 acre in size.

Contacts

broker

Matthew Cronin

Exclusive Realty

Property Details

  • 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

Getting around

  • 60/100

    Walk Score ®

  • 24/100

    Transit Score ®

  • 43/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Apple Valley, CA
  • Zip Code 92307
  • Market Inland Empire

Points of Interest

  • 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

    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

  • WinCo Foods

    4.38 miles

  • ALDI

    4.47 miles

  • dd's Discounts

    5.40 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Matthew Cronin

Exclusive Realty