Walgreens Montebello - Absolute NNN Lease - Retail Property

This listing presents an exceptional investment opportunity to acquire a single-tenant Walgreens property located in Montebello, California. The property features an absolute NNN lease with over 53 years remaining, meaning the tenant is responsible for all property operating expenses, taxes, and insurance, providing zero landlord responsibilities. Walgreens, a Fortune 500 company (NASDAQ: WBA) and the largest daily needs retail pharmacy provider in the United States with over 8,600 locations, serves as the sole tenant. The property boasts a long-term operating history of over 22 years at this location, indicating stability and tenant commitment. Situated in a high-traffic area, this retail asset offers significant visibility and accessibility. The building spans 14,775 square feet and was built in 2005. The asking price is $7,950,000, with a reported Gross Revenue of $437,000 and Net Operating Income (NOI) of $437,000, reflecting a strong yield.