Walgreens - Sacramento, CA

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire Walgreens Pharmacy located at 250 Florin Rd, Sacramento, CA 95831 (the “Property” or “Asset”). The tenant operates under an absolute NNN lease with approximately 7.4 years of primary term remaining. The landlord holds a leasehold interest in the Property under the terms of an existing ground lease.

The Property sits on a large 1.39-acre site with an annual net rent of $264,891 and is strategically positioned in Sacramento, CA, at the hard corner intersection of Riverside Blvd (18,500+ VPD) and Florin Road (9,200+ VPD) which provides immediate connectivity to Interstate-5, accommodating over 170,000+ vehicles per day.

The site is situated within Greenhaven Plaza, a neighborhood center that sees over 830K in annual visits and is ranked within the top 10% of neighborhood centers in California. The surrounding area boasts robust demographic fundaments with over 206,000 residents within a 5-mile radius, experiencing over a 10% population growth since 2010. The immediate vicinity is home to over 76,100 households with an average income exceeding $120,000, reflecting the economic stability and purchasing power of the submarket.