Walgreens 6144 Dewey Dr 15,908 SF Retail Building Citrus Heights, CA 95621 $10,552,500 CAD ($663.35 CAD/SF) 6.27% Cap Rate

Voit Real Estate Services’ Retail Properties Group, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in a freestanding, NN-leased Walgreens located at a prime, signalized intersection in Citrus Heights, California. Situated on a large, high-visibility parcel within the Sacramento MSA, the property is leased to Walgreens (S&P: BB-), one of the nation’s most established retail brands. Walgreens continues to demonstrate strong credit fundamentals, operating a national footprint of over 8,000 locations. The tenant has occupied this location since 2000 and recently extended its lease for an additional 10 years—signaling long-term operational stability and commitment to the site. With 24-hour operation, the store’s drive-thru has been recently reconfigured to include convenience sales alongside its pharmacy services, streamlining customer access.
This offering represents a compelling opportunity to acquire a well-located, income-producing asset backed by a nationally recognized tenant, with minimal landlord obligations and strong underlying real estate value. The property is ideally suited for investors seeking durable cash flow and long-term security in a dense, supply-constrained, and growing Northern California market.