Walgreens - Sacramento MSA | 6144 Dewey Dr
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Walgreens - Sacramento MSA 6144 Dewey Dr
13,905 SF Retail Building Citrus Heights, CA 95621 $8,260,000 ($594/SF) 5.69% Cap Rate
Investment Highlights
- Long Term Tenant Occupancy - Walgreens has Occupied the Subject Location for 25 Years
- Minimal Landlord Responsibilities
- Great Demographics | Within A 5-Mile Radius Population Exceeds 400,000 And Average Household Income Is More Than $107,000
- Walgreens Renewed Their Lease early in 2020 to extend the Lease for an Additional 10 Years - Showing Very Strong Commitment to the Location.
- Corporate Guarantee
- On The Corner Of Dewey Dr And Greenback Ln With Traffic Counts Exceeding 65,000 Vehicles Per Day
Executive Summary
Long Term Tenant Occupancy - Walgreens has Occupied the Subject
Location for 25 Years
Walgreens Renewed Their Lease early in 2020 to extend the Lease for an
Additional 10 Years - Showing Very Strong Commitment to the Location.
Minimal Landlord Responsibilities
Corporate Guarantee
Great Demographics | Within A 5-Mile Radius Population Exceeds 400,000
And Average Household Income Is More Than $107,000
On The Corner Of Dewey Dr And Greenback Ln With Traffic Counts
Exceeding 65,000 Vehicles Per Day
Strong Frontage and Attractive Curb Appeal
Location for 25 Years
Walgreens Renewed Their Lease early in 2020 to extend the Lease for an
Additional 10 Years - Showing Very Strong Commitment to the Location.
Minimal Landlord Responsibilities
Corporate Guarantee
Great Demographics | Within A 5-Mile Radius Population Exceeds 400,000
And Average Household Income Is More Than $107,000
On The Corner Of Dewey Dr And Greenback Ln With Traffic Counts
Exceeding 65,000 Vehicles Per Day
Strong Frontage and Attractive Curb Appeal
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
B
Year Built
2000
Price
$8,260,000
Price Per SF
$594
Cap Rate
5.69%
NOI
$469,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.89 AC
Zoning
LC
Parking
77 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,671,246 | |
| Land Assessment | $2,235,182 | Total Assessment | $6,906,428 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,235,182
Improvements Assessment
$4,671,246
Total Assessment
$6,906,428
Contacts
-
Deno Bistolarides -
Ayson Shammami -
Sal Yaldo -
Encore Real Estate Investment Services
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Walgreens - Sacramento MSA | 6144 Dewey Dr
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