2589 Jensen Ave - Drug Store FOR SALE


Sanger, CA 93657- Eastern Fresno
$6,067,667 USD
415-358-2111
2589 Jensen Ave, Sanger, CA for Sale
$6,067,667 USD
Drug Store - FOR SALE
1/9
null | 7.2% Cap Rate

2589 Jensen Ave
Sanger, CA 93657
Eastern Fresno


HIGHLIGHTS

  • A Walgreen's with a history of growing sales and an 18.2+% increase in reported store sales between 2020 and 2025
  • $36,406 net monthly income guaranteed by Walgreens (acquired by Sycamore Partners in Aug. 2025) with absolute NNN lease and no landlord expenses
  • 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)
  • The only Walgreens in Sanger, CA with an established market presence; 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 announce a new price reduction for a possible year end closing for this thriving Walgreen's property located at 2589 Jensen Avenue in Sanger, California. Sanger is a suburb of 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 a 3.5 hour drive from the Los Angeles International Airport. The property is a standalone retail building occupied by Walgreens 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.. 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. It has recently been taken private via its acquisition by Sycamore Partners, a private equity firm.

FOR SALE DETAILS

PRICE

$6,067,667 USD

PRICE/SF

$440 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRICE REDUCTION/NNN WALGREENS/SALES GROWTH

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

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

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

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