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Walgreens | Elk Grove, CA 9200 Elk Grove Florin Rd 14,480 SF Retail Building Elk Grove, CA 95624 $4,990,000 ($344.61/SF) 7.50% Cap Rate

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Investment Highlights

Single-Tenant Walgreens (NASDAQ: WBA); Absolute NNN Lease; Zero Landlord Responsibilities
Long-Term Operating History at the Property (21+ Years)
Largest Daily Needs Retail Pharmacy Provider in the United States With Nearly 8,000 Locations

5.5+ Years Remaining on the Initial Term
Prototype Store Format With Drive-Thru
High-Traffic, Hard-Corner Signalized Intersection: The Property Is Located at a Hard Corner, Signalized Intersection

Executive Summary

Absolute NNN lease; zero landlord responsibilities | 5.5+ years remaining on the initial term | Long-term operating history at the property (21+ years)

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,480 SF

Building Class

Year Built

2006

Price

$4,990,000

Price Per SF

$344.61

Cap Rate

7.50%

NOI

$374,220

Tenancy

Single

Building Height

1 Story

Building FAR

0.23

Lot Size

1.45 AC

Zoning

GC, Elk Grove

Parking

70 Spaces (4.78 Spaces per 1,000 SF Leased)

Frontage

209’ on Bond Rd

Bus Line
Pylon Sign

Signage

Drive Thru

Car Charging Station

Major Tenants

Retailer
-
-
Oct 2030

Walgreens is a U.S.-based retail pharmacy chain that provides prescription dispensing, health services, and a broad range of retail products. The company was founded in 1901 by Charles R. Walgreen in Chicago, Illinois. Over time, Walgreens expanded from a single neighborhood pharmacy into a national retail and healthcare platform operating under a direct-to-consumer model. Walgreens became part of a global retail pharmacy organization following the 2014 transaction that formed Walgreens Boots Alliance. The company continues to operate its U.S. pharmacy and retail business under the Walgreens brand and maintains its corporate headquarters in Deerfield, Illinois. Walgreens operates as a subsidiary within a larger corporate structure and is publicly traded through its parent company.