Faris Lee Investments is pleased to offer a STNL Walgreens with a drive-thru on a triple net lease (fee simple interest) in Yuba City, California. Walgreens is open 24 hours which typically shows their commitment to the site with strong store profitability. Walgreens extended their original lease in 2022 for 35 years with an option to terminate in 15 years in 2037. Walgreens has a 15% rental increase in 2032 which offers an investor strong income growth and an excellent hedge against inflation. Walgreens has been operating at this location since 1970 (55 years), proving the company’s continued commitment to the site.
The subject property sits at the signalized hard corner intersection of Colusa Highway & Gray Avenue which boasts traffic counts north of 62,000 VPD. The site is co-anchored by PetSmart & O’Reillys and sits across from the highly successful regional center – Yuba Sutter Marketplace (with over 4.1 Million annual visitors) as well as a Bank of America branch with over $300M in deposits. The property’s prime location and strong tenant fundamentals make it an exceptional investment opportunity.