Walgreens | Elk Grove, CA
Absolute NNN lease; zero landlord responsibilities | 4.5 years remaining on the initial term
Investment highlights
Single-Tenant Walgreens (NASDAQ: WBA);
Absolute NNN lease; zero landlord responsibilities
5.5+ years remaining on the initial term
Long-term operating history at the property (21+ years)
Prototype store format with drive-thru
Largest daily needs retail pharmacy provider in the United States with nearly 8,000 locations
#26 “Fortune 500” – Fortune (2024)
High-Traffic, Hard-Corner Signalized Intersection: The property is located at the hard corner, signalized intersection at of Bond Avenue and Elk Grove Florin Road (55,000 CPD)
Dense, Affluent Sacramento Suburb:
Average household incomes of over $138,000 within a 1-mile radius; 283,000 people within a 5-mile radius
Significant Daytime Population; 230,000+ People within a 5-Mile Radius
Elk Grove is One of Sacramento’s Most Desirable Communities:
Elk Grove has emerged as highly desirable to both businesses and residents; the city is just 15 miles south of Sacramento and within close proximity to two major freeways, the Sacramento International Airport, rail lines, and two ports
Notable employers in the area include Apple, Kaiser Permanente, and Frontier Communications
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