Walgreens

Riverside County is a county located in the southern portion of the U.S. state of California. As of the 2020 census, the population was 2,418,185, making it the fourth-most populous county in California and the 10th-most populous in the United States. The name was derived from the city of Riverside, which is the county seat. Riverside County is included in the Riverside-San Bernardino-Ontario Metropolitan Statistical Area, also known as the Inland Empire. The county is also included in the Los Angeles-Long Beach Combined Statistical Area. Roughly rectangular, Riverside County covers 7,208 square miles (18,670 km2) in Southern California, spanning from the greater Los Angeles area to the Arizona border. Geographically, the county is mostly desert in the central and eastern portions, but has a Mediterranean climate in the western portion. Most of Joshua Tree National Park is located in the county. The resort cities of Palm Springs, Palm Desert, Indian Wells, La Quinta, Rancho Mirage, and Desert Hot Springs are all located in the Coachella Valley region of central Riverside County.The Kase Group is pleased to present the opportunity to purchase a well established Walgreens location in Hemet, California with a New 15 Year Absolute NNN Lease. The lease calls for zero landlord obligations and is corporately guaranteed by Walgreens. The recently extended lease calls for 5% increases every 5 years and twelve, 5 year options for renewal. This Walgreens includes a drive through and is situated on a hard corner at the Signalized Intersection of New Chicago Ave and Florida Ave. The asset has excellent visibility with exposure to 15,000+ vehicles per day. This Walgreens is within walking distance of Lincoln View Condominiums which consists of 166 units and Abundant Grace Senior Living Retirement Home. The location is adjacent to Stater Bros. Markets and neighboring retailers include Jack in the Box, Carls Jr, 7-Eleven, Dollar Tree & more.