Walgreens | NNN | 7.68% CAP 9.06% Yield w/ Seller Financing
Walgreens| 7.68% CAP | 9.06% Yield with Seller Financing
Marketing description
This net-leased Walgreens opportunity is strategically positioned directly across from Auburn Village, a ±130,000 square foot grocery-anchored retail center featuring Bel Air Markets. Located along Auburn’s dominant retail corridor, the property benefits from strong co-tenancy and proximity to national retailers including Target, Harbor Freight, Safeway, Home Depot, Chick-fil-A, and more.
The subject property offers a superior corner location, out-positioning nearby competitors such as CVS, with the nearest Walgreens located over 20 miles away—further strengthening its market dominance and customer draw.
With outstanding visibility along a primary traffic artery exceeding 41,000 vehicles per day, the site captures both local and regional consumer traffic. The location also serves as a key retail destination for travelers heading to Lake Tahoe from Sacramento and the San Francisco Bay Area.
The area continues to experience growth, with an adjacent approved development at the former lumber mill site called the Hulbert Court project featuring a new automated car wash, 78,000 sq. ft. self-storage facility, and RV/boat storage.
This is an opportunity to acquire a high-yield, passive investment in a growing Northern California trade area with strong fundamentals and long-term upside.
Investment highlights
- Positioned Directly Across from Auburn Village-130,000 Square Foot Retail Center Anchored by Bel Air Markets
- Located Along Dominant Retail Corridor -Surrounding Retailers Include Target, Harbor Freight, Safeway, Home Depot, Chick-Fil-A and Many Others
- Out Positions CVS with superior corner location.
- Closest Walgreens is 20 plus miles away from this site- Eliminating cannibalism
- Excellent Exposure Along Main Traffic Artery - Daily Traffic Counts Exceeds 41,000 Vehicles
- Retail Destination for Lake Tahoe Bound Travelers from Sacramento and San Francisco Bay Area
- Adjacent to Approved planned development (old lumber mill) Hulbert Court Car Wash and Self-Storage 840-squarefoot automated car wash with 12 vacuum stalls and a 78,450-square-foot self-storage facility with three buildings, caretaker housing and 24 RV/boat spaces.
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