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Investment Highlights

  • Corporate Signed Lease | Long Term Occupancy (20+ Years) | Nationally Recognized Brand | Strong Store Sales
  • New Major Santa Maria Developments
  • Strong Demographics In 5-mile Trade Area
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access

Executive Summary

• The tenant has successfully occupied the site since 2002 and has 6+ years remaining on the lease
• Store has achieved strong year-over-year sales performance -contact broker for details
• Lease is signed by Walgreen Co.
• Walgreens currently operates nearly 8,700 retail locations across America, Puerto Rico and the U.S. Virgin Islands, and serves nearly 10 million customers each day

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2001
Price
$5,904,000
Price Per SF
$407.45
Cap Rate
6.25%
NOI
$369,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.34 AC
Zoning
PD/C-2
Parking
56 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
288’ on California 135

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

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 - $9.99 Lorem Ipsum Jan 0000
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Mechanics Bank
Vons
Chase Bank
Bank of America
Crunch Fitness
Sky Zone
Starbucks
Dutch Bros
Red Robin Gourmet Burgers
Denny's

Property Taxes

Property Taxes

Parcel Number
119-142-013
Land Assessment
$1,254,209
Improvements Assessment
$2,585,281
Total Assessment
$3,839,490
  • Listing ID: 39808944

  • Date on Market: 3/17/2026

  • Last Updated:

  • Address: 707 N Broadway, Santa Maria, CA 93454

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