Walgreens | Absolute NNN Leased Offering

7155 24th Street, Sacramento, CA

$6,260,000

Price

6.23%

Cap Rate

$390,000

NOI

Overview
Cap Rate
6.23%
NOI
$390,000
Building Size
14,490 sqft
Lot Area
1.17 acres
Lease Type
Absolute Net
Year Built
2006
Description

The subject property is a 14,490 SF building, leased to Walgreens (WBA) on an absolute NNN lease. The lease calls for zero landlord obligations. The asset is well located in Sacramento, California.

The site is well positioned on a major commercial thoroughfare and receives over 52,400 VPD along 24th Street and Florin Road. The site is located between both Interstate 5 and State Highway 99, the most highly trafficked thoroughfares in the county. The pharmacy is equipped with a double-lane drive-thru offering ease for customers. The property also benefits from its close proximity to downtown Sacramento. The site is located directly across from Florin Plaza and Florin Square. Neighboring tenants include Walmart Neighborhood Market, The Home Depot, Smart & Final, Dollar Tree, and more.

Highlights
  • Absolute NNN Lease
  • Zero Landlord Obligations
  • 100% Fee Simple Interest
  • S&P Rated BBB Investment Grade Credit
  • Corporate Guaranty - Nasdaq: WBA
  • Heavily Trafficked Location
  • Located On A Hard Corner At A Signalized Intersection
Documents
Title
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Location
Gallery