Walgreens Chula Vista

Location: Chula Vista, CA
Type: Retail
Price: $4,200,000

SMC has provided a $4,200,000 loan to refinance previous debt collateralized by the Subject. Walgreens Chula Vista is a 14,359 SF freestanding retail property located in Chula Vista, CA. The Property is located at 1101-1111 3rd Avenue, and is currently 100% leased to Walgreens through 2079. The Subject was built in 2004. The Subject is located at the signalized intersection of Third Avenue and Naples Street in Chula Vista. Daily traffic counts at this intersection amount to approximately 21,000 VPD. In addition, the surrounding location is infill. The area surrounding the Property is dense, with a population of 35,635 and 193,761 in a 1- and 3-mile radius of the Property, respectively. The median household income is $49,656 within a 3-mile radius.