Print all the details of this listing in a proper format by clicking the “Print Listing” link on the right-hand side of each listing.

California Walgreens NNN

250 Florin Road, Sacramento, CA 95831

$4,075,000

14,820 SF | Retail

  • Share
  • Print

Retail Property For Sale

Price:
$4,075,000
Building Size:
14,820 SF
Price/SF:
$274.97
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
1%
Cap Rate:
6.50%
Tenancy:
Single
Lot Size:
1.50 AC
Listing ID
18647381
Last Updated
18 days ago

Find Out More...

Highlights

  • Leasehold interest is 100% depreciable
  • 19+ years of guranteed income
  • Great hard corner in strong retail trade area
  • Pure coupon clipper, no management
  • Preferred 10 x 5 year option structure
  • Important strategic location for WAG

Description

This is a Leasehold. ONLY the bulding is for sale, not the dirt. WAG pays the ground lease, directly. This investment offers the ability to purchase a property backed by the full faith of Walgreens credit at a higher yield than normally achievable for a Walgreens investment. That, coupled with full depreciation benefits (consult with your tax advisor) creates the opportunity for strong returns for this net leased asset.

Solid retail trade area and a great hard corner location in a densely populated neighborhood. This Walgreens store is in the middle of two shopping centers which draw all the local neighborhood traffic: Greenhaven Plaza Shopping Center and Riverside Plaza II Shopping Center.

Walgreens is extremely well positioned in this market relative to their national competitors.

Sacramento is the capital of California and the seat of government of Sacramento County. It is at the confluence of the Sacramento River and the American River in the northern portion of California' s expansive Central Valley. With an estimated 2011 population of 477,892, it is the sixth-largest city in California and the 35th largest city in the United States. Sacramento is the core cultural and economic center of the Sacramento metropolitan area which includes seven counties with an estimated 2009 population of 2,527,123. Its metropolitan area is the fourth largest in California after the Greater Los Angeles Area, San Francisco Bay Area, and the San Diego metropolitan area, as well as the 27th largest in the United States. In 2002, the Civil Rights Project at Harvard University conducted for TIME magazine named Sacramento America' s Most Diverse City.

Financial Summary

  • Actual
  • $264,030

Map of 250 Florin Road, Sacramento, CA 95831 (Sacramento County)

Research for 250 Florin Road, Sacramento, CA 95831 (Sacramento County)

  • Demographics – Population, income & other demographics near 250 Florin Road
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Contact Listing Broker to find out more details.

Presented by Deerfield Partners
Request Additional Information
--ext
Contact Listing Broker

By clicking "Contact Listing Broker", you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

New to LoopNet? No problem. As a courtesy, LoopNet will automatically create a free account so that you can access more listing details, setup new listing alerts, and more.

We will not share your email address. View our Privacy Policy.

Art's Other Listings (View All)

NNN Walgreens at Low Price & Great Value
NNN Walgreens in High Growth Area
Chicagoland Walgreens with High Sales Volumes
25 Year NNN Walgreens -- Affluent Area

Asking Price Index Trends for Sacramento, CA Retail For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
-
State
$200+2.0%+4.4%
-
Metro
$159+2.3%+1.5%
-
County
$167+6.7%+3.5%
-
City
$164+4.7%+0.1%

View Sacramento Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 4/8/2014
California Walgreens NNN
  • Retail
  • $4,075,000
  • 14,820 SF