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Walgreens (Subleased to Dollar Tree) 840 El Camino Ave 11,383 SF Retail Building Sacramento, CA 95815 $7,410,186 CAD ($650.99 CAD/SF) 7% Cap Rate



INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | Zero Landlord Responsibilities
- Strong Corporate Guarantee from a Credit Rated Tenant
- Fee Simple Ownership (Land and Building) | Depreciable Asset
- Commuter Route Frontage | Property Boasts Frontage on El Camino Ave. and Del Paso Blvd which see 30,000+ VPD
- Long Term Lease | 10+ Years Remaining
- Walgreens is ranked #27 on the Fortune 500 list for total revenue (2024)
EXECUTIVE SUMMARY
CBRE is pleased to present an excellent opportunity to acquire a freestanding NNN Walgreens sublet to Dollar Tree in the State Capitol – Sacramento, CA. The property includes a 11,383 SF building on a 1 ACRE street frontage parcel. The property benefits from being situated on the busy commuter roads (El Camino Ave. and Del Paso Blvd.), which see over 30,000 vehicles per day. It is strategically located in a dense retail corridor with many national retailers nearby, including Costco, Nordstrom Rack, Hobby Lobby, Kohl’s and Arden Fair, the two-level regional shopping mall with over 150 tenants. The asset offers ideal retail demographics with over 157,000 people and 60,000 households in a 3-mile radius.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,383 SF
Building Class
B
Year Built/Renovated
2009/2024
Price
$7,410,186 CAD
Price Per SF
$650.99 CAD
Cap Rate
7%
NOI
$518,713 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Frontage
AMENITIES
- Signage
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 275-0054-030 | Improvements Assessment | $7,696,860 CAD |
| Land Assessment | $1,999,508 CAD | Total Assessment | $9,696,368 CAD |
PROPERTY TAXES
Parcel Number
275-0054-030
Land Assessment
$1,999,508 CAD
Improvements Assessment
$7,696,860 CAD
Total Assessment
$9,696,368 CAD
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Walgreens (Subleased to Dollar Tree) | 840 El Camino Ave
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