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 began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.
| 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
Contact the Sale Advisor
NEW PRICE REDUCTION- NNN WALGREENS | 2589 Jensen Ave