6144 Dewey Dr - Drug Store FOR SALE


Citrus Heights, CA 95621- Outer Carmichael/Citrus Heights
$8,250,000 USD
760-472-5553
6144 Dewey Dr, Citrus Heights, CA for Sale
$8,250,000 USD
Drug Store - FOR SALE
1/10
null | 5.7% Cap Rate

6144 Dewey Dr
Citrus Heights, CA 95621
Outer Carmichael/Citrus Heights


HIGHLIGHTS

  • Irreplaceable "Main & Main" Location
  • Corporate Tenant
  • Durable, Passive Income Stream
  • Proven Performance & Limited Competition
  • Enhanced Customer Access & Convenience
  • Booming Market Dynamics

OVERVIEW

Voit Real Estate Services’ Retail Properties Group, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in a freestanding, NN-leased Walgreens located at a prime, signalized intersection in Citrus Heights, California. Situated on a large, high-visibility parcel within the Sacramento MSA, the property is leased to Walgreens (S&P: BB-), one of the nation’s most established retail brands. Walgreens continues to demonstrate strong credit fundamentals, operating a national footprint of over 8,000 locations. The tenant has occupied this location since 2000 and recently extended its lease for an additional 10 years—signaling long-term operational stability and commitment to the site. With 24-hour operation, the store’s drive-thru has been recently reconfigured to include convenience sales alongside its pharmacy services, streamlining customer access. This offering represents a compelling opportunity to acquire a well-located, income-producing asset backed by a nationally recognized tenant, with minimal landlord obligations and strong underlying real estate value. The property is ideally suited for investors seeking durable cash flow and long-term security in a dense, supply-constrained, and growing Northern California market.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$519 USD /SF

CAP RATE

5.7%

% 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

2000

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

LC

APN/PARCEL ID

229-0700-003,229-0700-015,229-0700-016,229-0700-017,229-0700-018

ASK ABOUT THIS PROPERTY

Josh SalikVoit Real Estate ServicesMore Info
760-472-5553

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Josh SalikVoit Real Estate ServicesMore Info
760-472-5553

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