75 N Ham Ln - Drug Store FOR SALE


Lodi, CA 95242
$2,790,000 USD
916-505-0524
75 N Ham Ln, Lodi, CA for Sale
$2,790,000 USD
Drug Store - FOR SALE
1/4
null | 7.48% Cap Rate

75 N Ham Ln
Lodi, CA 95242


HIGHLIGHTS

  • ±13,000 RSF fully-leased Walgreens on ±1.65 acres
  • The only 24-hour retail pharmacy in the entire city
  • Drive-thru option provides customers with speed, safety and convenience
  • Tenant has been in continuous occupancy since 1993
  • Lease recently extended to 2055
  • Immaculate and beautifully maintained grounds and improvements

OVERVIEW

CBRE, Inc. is pleased to offer an immaculately maintained ±13,000 square foot single tenant net leased retail building leased on a long term basis to Walgreen Co., an Illinois corporation. This location is the only 24-hour retail pharmacy in Lodi, a town with a population of 68,000 located in California’s Central Valley. Walgreens is the flagship U.S. brand of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail leader. Its retail locations are a critical point of access and convenience in thousands of communities. Walgreens Boots Alliance has approximately 12,500 retail pharmacy locations across the U.S., Europe and Latin America employing approximately 311,000 team members. WBA has a presence in eight countries and consumer brands including Walgreens, Boots, Duane Reade, No7 Beauty Company and Benavides. The opportunity is priced at $2,790,000 or $215 per square foot. The Tenant has been in occupancy on a continuous basis since 1993 and has extended its lease twice via amendments to the original Agreement. Walgreens’ lease presently provides for an expiration date of September 30, 2055. The lease may be terminated effective September 30, 2035 and every five years thereafter. In each instance six months’ notice of the Tenant’s intent to terminate shall be provided. The Tenant’s lease and amendments thereto are included in the Subject’s Virtual Deal Room, access to which shall be provided upon request. S&P Global Ratings withdrew all its ratings in September 2025 for Walgreens Boots Alliance (WBA) and Walgreen Co. at the issuer’s request following the completion of the Company’s acquisition by Sycamore Partners as well as the redemption of most of its rated debt. At the time of the withdrawal S&P’s long-term issuer credit rating on WBA and Walgreen Co. was BB-. Their short-term rating for both entities was B. For more on the acquisition and Sycamore Partners visit: https://www.sycamorepartners.com/news-article/sycamore-partners-completes-acquisition-of-walgreens-boots-alliance.

FOR SALE DETAILS

PRICE

$2,790,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

7.48%

% 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

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

GC

APN/PARCEL ID

035-110-05

ASK ABOUT THIS PROPERTY

Randy GetzCBRE, Inc.More Info
916-505-0524

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Randy GetzCBRE, Inc.More Info
916-505-0524

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