Log In/Sign Up
Your email has been sent.
NEW PRICE REDUCTION- NNN WALGREENS 2589 Jensen Ave 13,717 SF Retail Building Sanger, CA 93657 $5,460,900 ($398.11/SF) 8% Cap Rate
Investment Highlights
- Well located Walgreen's with a history of growing sales and an 18.2+% increase in reported store sales between 2020 and 2025
- Long lease term remaining with an expiration date in 2084- there is an early termination option in 8.3 years (as of 6/1/2026).
- The only Walgreens in Sanger, CA, established since 2009, and occupying a major downtown signalized intersection.
- $36,406 net monthly income guaranteed by Walgreens (acquired by Sycamore Partners in Aug. 2025) with absolute NNN lease and no landlord expenses
- Total rental income scheduled from 6/1/2026 until the beginning of the first termination option equals $3,604,194 and recaptures 66% of the list price
- Strong Retail synergy location with a busy Walmart supercenter and a shopping center across the street including Dollar Tree, O'Reilly's, etc..
Executive Summary
NAI Northern California, as exclusive advisor, is pleased to announce a new price reduction for this centrally located and busy Walgreen's property that sits on on over one acre of land 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 subject 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.
The subject 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.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,717 SF
Building Class
B
Year Built
2009
Price
$5,460,900
Price Per SF
$398.11
Cap Rate
8%
NOI
$436,872
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
1.03 AC
Zoning
C2
Frontage
Amenities
- Mezzanine
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 13,717 SF
- $31.71
- Triple Net
- Aug 2034
Walgreens Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 13,717 SF | $31.71 | Triple Net | Aug 2034 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 315-101-65 | Improvements Assessment | $2,900,000 |
| Land Assessment | $1,600,000 | Total Assessment | $4,500,000 |
Property Taxes
Parcel Number
315-101-65
Land Assessment
$1,600,000
Improvements Assessment
$2,900,000
Total Assessment
$4,500,000
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
NEW PRICE REDUCTION- NNN WALGREENS | 2589 Jensen Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.