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Walgreens | Elk Grove, CA 9200 Elk Grove Florin Rd 14,480 SF Retail Building Elk Grove, CA 95624 $4,677,750 ($323.05/SF) 8% 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
$4,677,750
Price Per SF
$323.05
Cap Rate
8%
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 began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| 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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