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Walgreens | Abs NNN 14280 San Pablo Ave 14,740 SF Retail Building San Pablo, CA 94806 $5,700,000 ($386.70/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 13 Years Remaining | Corporate Signed | Scheduled Rental Increases
- Hilltop Plaza (246,000 SF) | Pinole Vista Crossing (426,000 SF) | Pinole Vista Shopping Center (267,000 SF) | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
• Over 13 years remaining with 12 (5-year) option periods to extend
• Lease is corporate signed by Walgreen Co
• Features 5% rental increases every 5 years throughout initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Lease is corporate signed by Walgreen Co
• Features 5% rental increases every 5 years throughout initial term and at the beginning of each option period, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,740 SF
Building Class
C
Year Built
2010
Price
$5,700,000
Price Per SF
$386.70
Cap Rate
6.50%
NOI
$370,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.37 AC
Zoning
SP2 - San Pablo Ave Specific Plan
Parking
53 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Drive Thru
- Car Charging Station
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 416-160-056-6 | Improvements Assessment | $3,320,406 |
| Land Assessment | $2,040,000 | Total Assessment | $5,360,406 |
PROPERTY TAXES
Parcel Number
416-160-056-6
Land Assessment
$2,040,000
Improvements Assessment
$3,320,406
Total Assessment
$5,360,406
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Walgreens | Abs NNN | 14280 San Pablo Ave
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