Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Building Area
Land Area

Property Description

JLL is pleased to exclusively offer the opportunity to acquire a fee simple, NN-leased Walgreens in Citrus Heights, CA in the Sacramento MSA. The property is ideally positioned on a 1.83-acre parcel at the signalized intersection of Dewey Drive and Greenback Lane seeing over 67,000 VPD, with minimal competition in the immediate area. Walgreens, an investment-grade tenant (S&P: ‘BBB/Stable’), has occupied the property since 2000, with just over 11 years remaining on the primary term of the lease.


This offering presents the rare opportunity for an investor to acquire a well-positioned Walgreens demonstrating significant year-over-year sales growth, a recent lease extension of 10 years, and dense surrounding demographics in a California MSA experiencing significant population growth.

Investment Highlights

·      Net lease structure with investment-grade tenant

·      Explosive population growth

·      24-hour store with strong unit performance

·      High traffic count in a dense California suburb

Last Updated Date: 23 Sep 2020
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 23 Sep 2020

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