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- LoopNet Team
4495 Mack Rd
Sacramento, CA 95823
Walgreens CA Recent Exercised Option 6.15 CAP · Retail Property For Sale
Investment Highlights
- STABLE INCOME - Income guaranteed by Walgreens parent corporate (S&P BBB-) investment grade Fortune 500 Company with approximately 9,200 locations.
- RECENTLY EXERCISED OPTION - Recently exercised option due to store performance, term remaining is ±9.5 yrs on a NN lease with 9 (5yr) options.
- MEDICAL CORRIDOR LOCATION - There are two major hospitals within a three-mile radius and two dialysis centers within blocks of the subject property.
- RARE CALIFORNIA DRUGSTORE INVESTMENT - California has a high barrier of entry in the drugstore space, properties in this state are rarely up for sale.
- SOLID PERFORMING STORE - This location benefits from a history of solid sales volumes as it is surrounded by residential neighborhoods.
- LIMITED DRUGSTORE COMPETITION - One of only two drugstores in a 2-mile radius serving nearly 20,000 households.
PROPERTY FACTS
- Drug Store
- General Retail Convenience Store
- General Retail Freestanding
- General Retail Storefront
About 4495 Mack Rd , Sacramento, CA 95823
Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a Walgreens in Sacramento, CA. This is a rare opportunity to purchase a drugstore in California which has a high barrier of entry in the drugstore space as properties in this state are rarely available for sale. Walgreens recently exercised its first 5-year option showing commitment to this location. Walgreens has 9.5 yrs remaining of guaranteed income before the one (4-year) and eight (5 year) options that begin June 30, 2030. The option was exercised early due to store performance. The subject property is one of only two drugstores in a two-mile radius serving nearly 20,000 households. There is a CVS store ±1.32 miles directly east. There are two major hospitals within a three-mile radius and two dialysis centers within blocks of the subject property. Methodist Hospital is part of the Dignity Health Network and has 158-beds with nearly 1,300 medical and support staff. It offers extensive emergency and urgent care services, a birth center and cancer care. Kaiser Permanente has almost 5000 medical and support staff and offers urgent and emergency services. The dialysis centers are Fresenius one block east and a Davita directly adjacent to this Walgreens. This Walgreens location is just 10 miles south from Downtown Sacramento via State Route 99 (±175,000 vehicles per day) or Interstate 5 (±141,000 vehicles per day). The subject property is located on the signalized intersection of Mack Road (±27,979 vehicles per day) and Franklin Boulevard (±27,529 vehicles per day) with a combined traffic count of ±55,508. Sacramento is a densely populated city with ±837,572 residents in a 10-mile radius of the subject property. The Greater Sacramento area has over 2,300,000 million residents.
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PROPERTY TAXES
Parcel Number | 119-0070-070 | Improvements Assessment | $4,115,000 |
Land Assessment | $1,681,000 | Total Assessment | $5,796,000 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 17002373
Date on Market: 8/22/2019
Last Updated:
Address: 4495 Mack Rd, Sacramento, CA 95823
The Retail Property at 4495 Mack Rd, Sacramento, CA 95823 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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