San Pablo, CA - Walgreens

Description:

• Over 13 years remaining with 12 (5-year) option periods to extend
• Lease is corporate signed by Walgreen Co
• Features 5% rental increases every 5 years throughout initial term and at the beginning of each option period, growing NOI and hedging against inflation

-Located 2 miles southwest of Hilltop Plaza, a 246,000 square foot shopping center with major tenants including Ross Dress for Less, Hibbett Sports, Cinemark, Dollar Tree, and more
- Situated near Pinole Vista Crossing, a 426,000 square foot power center anchored by Target, HomeGoods, FoodMaxx, Burlington, and more
- Positioned a few miles southwest of Pinole Vista Shopping Center, a 267,000 square foot shopping center anchored by Save Mart Supermarkets, Big 5 Sporting Goods, Planet Fitness, and more
- Located in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Grocery Outlet, T.J. Maxx, Best Buy, and more, further increasing consumer traffic to the site
- Strong tenant synergy promotes crossover shopping to the subject property