2589 Jensen Ave - Drug Store FOR SALE


Sanger, CA 93657
$6,377,693 USD
415-358-2111
2589 Jensen Ave, Sanger, CA for Sale
$6,377,693 USD
Drug Store - FOR SALE
1/8
null | 6.85% Cap Rate

2589 Jensen Ave
Sanger, CA 93657


HIGHLIGHTS

  • High Performing Walgreen's with a 10% increase in reported store sales from 2020 to 2024
  • Absolute NNN Corporate Lease with zero landlord responsibilities
  • Long term lease term remaining with an expiration date in 2084- there is an early termination option in 9 years (as of 9/1/2025)
  • Proven long term tenancy; at this location since 2009
  • Main and Main location at a busy signalized intersection in downtown Sanger, CA with approx. 25,000 Vehicles per day
  • Strong Retail synergy location with a busy Walmart supercenter and a shopping center across the street including Dollar Tree, O'Reilly's, etc..

OVERVIEW

NAI Northern California, as exclusive advisor, is pleased to present for sale a thriving Walgreen's leased property located at 2589 Jensen Avenue in Sanger, California just outside Fresno, the largest city in California's famous Central Valley. The property is located just 12 miles from the Fresno-Yosemite International Airport and only 3.5 hours by car from the Los Angeles International Airport. The property is a standalone retail building occupied by a Walgreens pharmacy with a longer term absolute NNN lease. This store sits at a signalized hard corner in an established commercial area, with neighbors including a Walmart Supercenter, Dollar Tree, 99-cent Only, O'Reilly Auto Parts, AT&T, T-Mobile, and Subway, to name a few. This is the only Walgreens store in Sanger and sits at the major signalized retail intersection in town at Jensen and Bethel Avenues with a high traffic count of 25,000 VPD. Walgreens is a unique company with a successful history for more than a century.

FOR SALE DETAILS

PRICE

$6,377,693 USD

PRICE/SF

$463 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WALGREEN'S

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

C2

APN/PARCEL ID

315-101-65

ASK ABOUT THIS PROPERTY

Mary Alam, MBANAI Northern CaliforniaMore Info
415-358-2111

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Mary Alam, MBANAI Northern CaliforniaMore Info
415-358-2111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.