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4495 Mack Rd
Sacramento, CA 95823

Walgreens CA Recent Exercised Option 6.15 CAP · Retail Property For Sale

Investment Highlights

  • STABLE INCOME - Income guaranteed by Walgreens parent corporate (S&P BBB-) investment grade Fortune 500 Company with approximately 9,200 locations.
  • RECENTLY EXERCISED OPTION - Recently exercised option due to store performance, term remaining is ±9.5 yrs on a NN lease with 9 (5yr) options.
  • MEDICAL CORRIDOR LOCATION - There are two major hospitals within a three-mile radius and two dialysis centers within blocks of the subject property.
  • RARE CALIFORNIA DRUGSTORE INVESTMENT - California has a high barrier of entry in the drugstore space, properties in this state are rarely up for sale.
  • SOLID PERFORMING STORE - This location benefits from a history of solid sales volumes as it is surrounded by residential neighborhoods.
  • LIMITED DRUGSTORE COMPETITION - One of only two drugstores in a 2-mile radius serving nearly 20,000 households.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2004
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Lot Size
1.93 AC
Zoning
SC-U, Sacramento
Parking
63 Spaces (4.35 Spaces per 1,000 SF Leased)

About 4495 Mack Rd , Sacramento, CA 95823

Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a Walgreens in Sacramento, CA. This is a rare opportunity to purchase a drugstore in California which has a high barrier of entry in the drugstore space as properties in this state are rarely available for sale. Walgreens recently exercised its first 5-year option showing commitment to this location. Walgreens has 9.5 yrs remaining of guaranteed income before the one (4-year) and eight (5 year) options that begin June 30, 2030. The option was exercised early due to store performance. The subject property is one of only two drugstores in a two-mile radius serving nearly 20,000 households. There is a CVS store ±1.32 miles directly east. There are two major hospitals within a three-mile radius and two dialysis centers within blocks of the subject property. Methodist Hospital is part of the Dignity Health Network and has 158-beds with nearly 1,300 medical and support staff. It offers extensive emergency and urgent care services, a birth center and cancer care. Kaiser Permanente has almost 5000 medical and support staff and offers urgent and emergency services. The dialysis centers are Fresenius one block east and a Davita directly adjacent to this Walgreens. This Walgreens location is just 10 miles south from Downtown Sacramento via State Route 99 (±175,000 vehicles per day) or Interstate 5 (±141,000 vehicles per day). The subject property is located on the signalized intersection of Mack Road (±27,979 vehicles per day) and Franklin Boulevard (±27,529 vehicles per day) with a combined traffic count of ±55,508. Sacramento is a densely populated city with ±837,572 residents in a 10-mile radius of the subject property. The Greater Sacramento area has over 2,300,000 million residents.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
119-0070-070
Land Assessment
£1,347,322
Improvements Assessment
£3,298,173
Total Assessment
£4,645,494
  • Listing ID: 17002373

  • Date on Market: 22/08/2019

  • Last Updated:

  • Address: 4495 Mack Rd, Sacramento, CA 95823

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