Walgreens
Absolute NNN Lease | 6.00% CAP | Affluent Bay Area Community
Marketing description
The Kase Group is pleased to present this exceptional investment opportunity for a single-tenant Walgreens property, the only national free standing pharmacy within 4 miles. The property is located at 11440 Windemere Pkwy, San Ramon, CA. The property is fully leased to Walgreens with a corporate guarantee. This Absolute NNN leased property offers a long-term lease with scheduled increases in rent at each option.
The property spans 12,868 square feet plus a second-level mezzanine for stock. The property is situated on a 1-acre lot in a prime, high-traffic area of San Ramon, California, with three access points. Neighboring retailers include Safeway, Wells Fargo, Peet's Coffee, Chase Bank, and Stanford Health Care. The location is well-positioned for visibility and access in a community with significant barriers to entry.
Investment highlights
Long-Term Absolute NNN Lease
Zero Landlord Obligations
Prime Location: The property is located in a rapidly growing, affluent area, benefiting from high traffic and proximity to national retailers and residential developments with an average household income in excess of $269,487 within 1 mile
Corporate Lease: Walgreens, a national pharmacy leader, serves as the tenant, providing strong financial backing and long-term lease security.
Scheduled Increases in Rent at Options
Walgreens San Ramon is the only national freestanding pharmacy within 4 miles
Tremendous neighborhood retail location, convenient to award-winning Dougherty Valley High
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