PRICE REDUCTION/NNN WALGREENS/SALES GROWTH 2589 Jensen Ave 13,717 SF Retail Building Sanger, CA 93657 $6,067,667 ($442.35/SF) 7.20% Cap Rate

NAI Northern California, as exclusive advisor, is pleased to announce a new price reduction for a possible year end closing for this thriving Walgreen's property located at 2589 Jensen Avenue in Sanger, California. Sanger is a suburb of Fresno, the largest city in California's famous Central Valley. The property is located just 12 miles from the Fresno-Yosemite International Airport and only a 3.5 hour drive from the Los Angeles International Airport.
The property is a standalone retail building occupied by Walgreens with a longer term absolute NNN lease. This store sits at a signalized hard corner in an established commercial area, with neighbors including a Walmart Supercenter, Dollar Tree, 99-cent Only, O'Reilly Auto Parts, AT&T, T-Mobile, and Subway.. This is the only Walgreens store in Sanger and sits at the major signalized retail intersection in town at Jensen and Bethel Avenues with a high traffic count of 25,000 VPD. Walgreens is a unique company with a successful history for more than a century. It has recently been taken private via its acquisition by Sycamore Partners, a private equity firm.