Absolute Net Walgreens

  • 386d95e108f0467cafbfad38238e086f
  • 019bfb808ef24d44a458abd709cd2e93
  • b45411e15f5d40a4a3b093452af9a09b
  • c2fd7870c03e48db9c77298eb746dcf6

  $9,600,000 - Retail - Single Tenant
Cap Rate:  5.19%Size:  14,550 SFTerm:  68.6 Print

 Investment Offering & Highlights

  • Absolute Net lease with 19 years remaining
  • Excellent hard corner location on high-traffic intersection, less than 3 blocks from Highway 50 (154,500 ADT)
  • Large lot size – 1.92± acres with 61 parking spaces
  • Immediate trade area includes Rancho Cordova Town Center (285,000 sq. ft.), Zinfandel Crossings (91,440± sq. ft.), Koreana Plaza (95,867± sq. ft.), WalMart Super Center, as well as over 8.4 million sq. ft. of professional office space and over 2,400 hotel rooms
  • Walgreens is responsible for all taxes, insurance, and maintenance including rood and structure
  • Strong demographics with over 216,900 population and average household income over $95,000 within five miles
  • Walgreens interacts with approximately 8 million customers in its stores and online each day
  • Less than a mile from Sacramento Light Rail, providing access to Downtown Sacramento, California State University Sacramento, Gold River and Folsom
  • S&P rated “BBB” investment grade corporate guaranty
  • Walgreens Boots Alliance is #17 on the Fortune 500 with $131.5 billion in revenues

Property Description

Cushman & Wakefield Net Lease Group is pleased to offer a 14,550 ± square foot freestanding Walgreens Pharmacy, with a prescription drive thru, as well as 61 available on-site parking spaces. The property is leased to Walgreens for 75 years from September 17, 2012 to September 16, 2087 at a net annual rent of $498,000. Walgreens is responsible for all taxes, insurance, and maintenance including roof and structure. In addition to base rent, Walgreens is potentially liable or percentage rent.
Please use the following link to access the full offering memorandum: https://www.crexi.com/properties/165361
Property Location