Available
SoCal Urban Infill in Long Beach — Walgreens sublet to Planet Fitness
5400 Cherry Ave., Long Beach, CA$6000000 /$120,000
Available
SoCal Urban Infill in Long Beach — Walgreens sublet to Planet Fitness
5400 Cherry Ave., Long Beach, CA$6000000 /$120,000
- $480,000 in annual NNN rent guaranteed by Walgreens for 9.5 years
- NNN lease with no landlord responsibilities
- Dense, urban infill with 65,000 residents within one mile
- 46,000 vehicles per day at intersection
- Freestanding building with drive-thru
- Full Walgreens corporate guaranty
This is a unique opportunity to acquire a freestanding Walgreens sublet to Planet Fitness. An investor can enjoy the cash flows and higher yield guaranteed by Walgreens, with the additional security of a subtenant in place. This is a dense, urban infill location with 65,000 residents within one mile. This hard corner location sees 46,000 vehicles per day.