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102 N Jack Tone Rd
Ripon, CA 95366
Walgreens - Ripon California · Retail Property For Sale
PROPERTY FACTS
ABOUT 102 N JACK TONE RD , RIPON, CA 95366
Property is being sold debt free subject to the terms and conditions of the lease with Walgreens which contains 10 five year options to renew. Base income is subject to increase via a percentage rent clause. Tenant holds a First Right of Refusal with a 30 day period. Walgreens rarely exercises such options. The lease is a true NNN lease with the tenant responsible for all maintenance and repairs including roof and structure. Lease Guarantor is Walgreens Company. Excellent Signalized corner location at Jack Tone Rd. and Main Street; the entrance to the town of Ripon CA. Ripon is a high growth area in the San Joaquin valley with high level income demographics. Subject property is adjacent to O'Reilly Auto Parts.
PROPERTY TAXES
| Parcel Number | 259-660-53 | Improvements Assessment | $4,215,000 |
| Land Assessment | $1,325,000 | Total Assessment | $5,540,000 |
PROPERTY TAXES
