Walgreens - Yuba City, CA
Strong Reported Sales | Absolute NNN Lease
Marketing description
The subject property is a 14,573-square-foot Walgreens located in Yuba City, California. Walgreens executed a long-term lease at the property in 2010 and currently has approximately 9.5 years remaining on the initial term. The lease is structured as an absolute NNN, providing for zero landlord responsibilities, including maintenance, repairs, and capital expenditures.
The subject location is an extremely well-performing store, with very strong reported sales figures, positioning it as a top-tier asset within the Walgreens portfolio and reinforcing long-term tenant commitment to the site.
Strategically positioned at 1640 Lincoln Road, the property benefits from excellent visibility and access along a primary retail corridor in Yuba City, with combined daily traffic counts exceeding 21,400 vehicles per day. The site is located near the intersection of Lincoln Road and State Route 99, one of the region’s primary north-south thoroughfares, facilitating convenient access for both local and regional consumers. The surrounding corridor is home to a strong mix of national and regional retailers, quick-service restaurants, and daily-needs shopping destinations, driving consistent traffic to the area.
The property is situated in close proximity to major healthcare providers, including Adventist Health and Rideout, a leading regional medical center that serves as a key employment and demand driver for pharmacy and convenience retail. Additionally, the nearby Feather River and surrounding residential neighborhoods contribute to steady population growth and long-term demand fundamentals.
The surrounding area is densely populated, with more than 62,000 residents within a three-mile radius. The immediate trade area is both established and affluent, with average household incomes exceeding $109,000 within a one-mile radius. Income levels are projected to increase by approximately 10% over the next five years, further strengthening consumer spending power and supporting sustained retail performance.
Investment highlights
- Corporate-backed long-term lease: Walgreens signed a 25-year lease which commenced in 2010 leaving approximately 9.5 years remaining on the initial lease term
- Top-Performing Location with Strong Reported Sales: Site has a history of strong reported sales figures reinforcing the tenant's commitment to the site
- Absolute NNN Lease: Zero landlord responsibilities for maintenance, repairs or capital expenditures
- Affluent Area: Average household income exceeds $109,000 within a 1-mile radius and projected to grow by approximately 10% over the next 5 years
- Close Proximity to Adventist Health and Rideout: 209-bed acute care hospital offering comprehensive services including emergency, surgical, cardiac, cancer and more
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