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Walgreens Absolute NNN Lease 11440 Windemere Pky 12,735 SF 100% Leased Retail Building San Ramon, CA 94582 $8,666,667 ($680.54/SF) 6% Cap Rate
Investment Highlights
- Long-Term Absolute NNN Lease
- Prime location: The property is located in a rapidly growing, affluent area, benefiting from high traffic and proximity to national retailers
- Tremendous neighborhood retail location, convenient to award-winning Dougherty Valley High School and Diablo Valley College (DVC) Satellite Campus
- Zero landlord obligations
- Scheduled Increases in Rent at Options
Executive Summary
The Kase Group is pleased to present this exceptional investment opportunity for a single-tenant Walgreens property, the only national free standing pharmacy within 4 miles. The property is located at 11440 Windemere Pkwy, San Ramon, CA.
The property is fully leased to Walgreens with a corporate guarantee. This Absolute NNN leased property offers a long-term lease with scheduled increases in rent at each option.The property spans 12,868 square feet plus a second-level mezzanine for stock. The property is situated on a 1-acre lot in a prime, high-traffic area of San Ramon, California, with three access points.Neighboring retailers include Safeway, Wells Fargo, Peet's Coffee, Chase Bank, and Stanford Health Care. The location is well-positioned for visibility and access in a community with significant barriers to entry.
The property is fully leased to Walgreens with a corporate guarantee. This Absolute NNN leased property offers a long-term lease with scheduled increases in rent at each option.The property spans 12,868 square feet plus a second-level mezzanine for stock. The property is situated on a 1-acre lot in a prime, high-traffic area of San Ramon, California, with three access points.Neighboring retailers include Safeway, Wells Fargo, Peet's Coffee, Chase Bank, and Stanford Health Care. The location is well-positioned for visibility and access in a community with significant barriers to entry.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
12,735 SF
Year Built
2004
Price
$8,666,667
Price Per SF
$680.54
Cap Rate
6%
NOI
$520,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.29
Lot Size
1.00 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 223-100-015-5 | Improvements Assessment | $4,149,091 |
| Land Assessment | $3,791,629 | Total Assessment | $7,940,720 |
Property Taxes
Parcel Number
223-100-015-5
Land Assessment
$3,791,629
Improvements Assessment
$4,149,091
Total Assessment
$7,940,720
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Walgreens Absolute NNN Lease | 11440 Windemere Pky
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