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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
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
- 4.5 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
A
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
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
- Car Charging Station
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Oct 2030
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 End | ||
|
|
Retailer | - | - | Oct 2030 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 116-0100-093 | Improvements Assessment | $4,794,000 |
| Land Assessment | $1,860,000 | Total Assessment | $6,654,000 |
Property Taxes
Parcel Number
116-0100-093
Land Assessment
$1,860,000
Improvements Assessment
$4,794,000
Total Assessment
$6,654,000
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Walgreens | Elk Grove, CA | 9200 Elk Grove Florin Rd
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