855 Colusa Ave - Drug Store FOR SALE


Yuba City, CA 95991
$7,020,000 USD
949-221-1821
855 Colusa Ave, Yuba City, CA for Sale
$7,020,000 USD
Drug Store - FOR SALE
1/4
null | 6.25% Cap Rate

855 Colusa Ave
Yuba City, CA 95991


HIGHLIGHTS

  • Walgreens has operated here since 1970, extended its lease to 2057, and leads with 288K annual visits - showcasing strong profitability and stability.
  • 4.56% fixed-rate assumable loan at 67% LTV, maturing in 2032, offers investors long-term favorable cash flow.
  • Lease includes 15% rent increase in 2032 and 10% every 5 years thereafter, ensuring strong income growth and an inflation hedge.
  • Prime hard-corner location with 62K+ VPD, co-anchored by national retailers and across from Yuba Sutter Marketplace (4.1M annual visitors).
  • Single-tenant NNN lease with full expense reimbursement, offering hassle-free management and ideal for 1031 or passive investors.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,020,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

141

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

C-1

APN/PARCEL ID

51-333-012

ASK ABOUT THIS PROPERTY

Donald MacLellanFaris Lee InvestmentsMore Info
949-221-1821

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Donald MacLellanFaris Lee InvestmentsMore Info
949-221-1821

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