Santa Ana, CA - Walgreens ZCF Leasehold

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, freestanding Walgreens investment property located in Santa Ana, CA (Orange County). The tenant has approximately 14 years of firm term remaining with 1 (2-year) and 42 (1-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Walgreens proudly serves 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S., Puerto Rico, and leading Omni-Channel Platforms. Walgreens currently subleases the property to Skechers Footwear (details of sublease are unknown).

• Walgreens is strategically located at the signalized, hard corner intersection of N. Bristol Street and W. 17th Street which combined, boasts over 92,000 vehicles per day
• The site benefits from nearby access to Interstate 5 (381,000 VPD)
• The investment is adjacent to Santa Ana College (37,916 students), providing a direct consumer base from which to draw
• The asset is positioned across the street from Bristol Marketplace, a 344,000 SF community center anchored by Target, Smart & Final and Big 5, significantly increasing consumer traffic to the area