880 Sutton Rd
Grass Valley, CA 95945
Rare CA 1031 Exchange - 18 year Walgreens · Retail Property For Sale

Rare Northern California long term absolute net leased Walgreens. Perfect for investors looking to 1031 Exchange or avoid the CA "Clawback" Tax Provision. There are 18 years remaining on the original 25 year absolute net lease. This is a truly passive investment with NO landlord responsibilities whatsoever. The lease is 100% guaranteed by Walgreens Co. (Ticker: WBA) which just replaced General Electric on the Dow Jones Industrial Average. The property is a pride of ownership asset with custom architecture at the busiest intersection in the market. This strategic location took over six years to develop, entitle and build showing Walgreens desire to be in this market at this location. Store sales performance has steadily increased 8-10% per year and will benefit even more from the brand new $8M CA DMV facility directly adjacent to Walgreens. The DMV building took over three years to approve and build at a cost of over $1,000 psf. Grass Valley is one hour from the state capitol of Sacramento, three hours from San Francisco and just over an hour to Truckee / Reno / Lake Tahoe. Email or call for a full brochure.