PROPERTY OVERVIEW
Rent. $115,000/yr, Modified Gross (inclusive of RET; R&M, insurance, utilities separate)
Master Lease Expiration. 12/31/26
Walgreens Premises. 14,490 SF; 1.58 AC
Parking. 60 spaces
Signage. Monument sign at intersection + building
Access. RI/RO on Riley & Glenn + FI/FO on Glenn
Opportunity. Immediate occupancy sublease at below market rent (0.66 sf/mth)
Hard Corner. SEC of Riley Street & Glenn Drive
Zoning. C2-PD, Folsom - Use Table
Prohibited Uses. Retail pharmacy
LOCATION OVERVIEW
Central Folsom Retail Intersection. approx. 27,500 VPD at subject intersection
Nearby Retailers include Walmart Supercenter, Raley’s, Lowe’s, Sprouts, Dick’s, Petco, Kohls, Starbucks, Chipotle, Wendy’s & Dutch Bros.
Strong Demographics. 2-mile population density above 50K, with avg HH incomes above $150K.
SUB-LEASE TERMS
– SUGGESTED RENT* $115,000 (inclusive of RET; R&M, insurance, utilities separate)
– SUB-LEASE TERM 12/31/26
– DELIVERY “As-Is”
– OFFERS EVALUATED AS RECEIVED
*Price + terms, along with all offers, are subject to approval of Walgreen Co.’s Real Estate Committee