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PRICE REDUCTION/NNN WALGREENS/SALES GROWTH 2589 Jensen Ave 13,717 SF Retail Building Sanger, CA 93657 $8,363,247 CAD ($609.70 CAD/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- A Walgreen's with a history of growing sales and an 18.2+% increase in reported store sales between 2020 and 2025
- Long term lease term remaining with an expiration date in 2084- there is an early termination option in 9 years (as of 9/1/2025)
- Main and Main location at a busy signalized intersection in downtown Sanger, CA with approx. 25,000 Vehicles per day
- $36,406 net monthly income guaranteed by Walgreens (acquired by Sycamore Partners in Aug. 2025) with absolute NNN lease and no landlord expenses
- The only Walgreens in Sanger, CA with an established market presence; at this location since 2009
- Strong Retail synergy location with a busy Walmart supercenter and a shopping center across the street including Dollar Tree, O'Reilly's, etc..
EXECUTIVE SUMMARY
The property is a standalone retail building occupied by Walgreens with a longer term absolute NNN lease. This store sits at a signalized hard corner in an established commercial area, with neighbors including a Walmart Supercenter, Dollar Tree, 99-cent Only, O'Reilly Auto Parts, AT&T, T-Mobile, and Subway.. This is the only Walgreens store in Sanger and sits at the major signalized retail intersection in town at Jensen and Bethel Avenues with a high traffic count of 25,000 VPD. Walgreens is a unique company with a successful history for more than a century. It has recently been taken private via its acquisition by Sycamore Partners, a private equity firm.
PROPERTY FACTS
AMENITIES
- Mezzanine
- Pylon Sign
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 13,717 SF
- $43.71 CAD
- Triple Net
- Aug 2034
Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 13,717 SF | $43.71 CAD | Triple Net | Aug 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 315-101-65 | Improvements Assessment | $3,989,298 CAD |
| Land Assessment | $2,200,992 CAD | Total Assessment | $6,190,290 CAD |
PROPERTY TAXES
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PRICE REDUCTION/NNN WALGREENS/SALES GROWTH | 2589 Jensen Ave
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