14280 San Pablo Ave - Drug Store FOR SALE
San Pablo, CA 94806 |
$5,700,000 USD
925-549-1155
14280 San Pablo Ave
San Pablo, CA 94806
HIGHLIGHTS
- Walgreens Co., recently acquired by Sycamore Partners and taken private, has executed a 15-year lease featuring rare 5% rental escalations.
- The lease offers over ±12.5 years of remaining primary term, along with multiple extension options, providing long-term income visibility.
- The lease is structured as absolute NNN, with zero landlord responsibilities, delivering truly passive ownership and predictable cash flow.
- Positioned on a hard corner at San Pablo Avenue and Laurie Lane at the primary entrance to the College Center shopping center.
- The Walgreens is outparceled to the College Center shopping center, which includes national and regional tenants such as Starbucks,
- Walgreens has demonstrated long-term operational resilience through multiple economic cycles, including the COVID-19 pandemic.
FOR SALE DETAILS
PRICE
$5,700,000 USD
PRICE/SF
$387 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
53
LAND DETAILS
LAND ACRES
1.37 AC
LAND SF
59,677 SF
ZONING
SP2
APN/PARCEL ID
416-160-056-6
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925-549-1155
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925-549-1155
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