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Walgreens w/Drive-Thru - Long Term NNN Lease 855 Colusa Ave 25,000 SF Retail Building Yuba City, CA 95991 $9,705,150 CAD ($388.21 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Walgreens has operated here since 1970, extended its lease to 2057, and leads with 288K annual visits - showcasing strong profitability and stability.
- Lease includes 15% rent increase in 2032 and 10% every 5 years thereafter, ensuring strong income growth and an inflation hedge.
- Single-tenant NNN lease with full expense reimbursement, offering hassle-free management and ideal for 1031 or passive investors.
- 4.56% fixed-rate assumable loan at 67% LTV, maturing in 2032, offers investors long-term favorable cash flow.
- Prime hard-corner location with 62K+ VPD, co-anchored by national retailers and across from Yuba Sutter Marketplace (4.1M annual visitors).
EXECUTIVE SUMMARY
Faris Lee Investments is pleased to offer a STNL Walgreens with a drive-thru on a triple net lease (fee simple interest) in Yuba City, California. Walgreens is open 24 hours which typically shows their commitment to the site with strong store profitability. Walgreens extended their original lease in 2022 for 35 years with an option to terminate in 15 years in 2037. Walgreens has a 15% rental increase in 2032 which offers an investor strong income growth and an excellent hedge against inflation. Walgreens has been operating at this location since 1970 (55 years), proving the company’s continued commitment to the site.
The subject property sits at the signalized hard corner intersection of Colusa Highway & Gray Avenue which boasts traffic counts north of 62,000 VPD. The site is co-anchored by PetSmart & O’Reillys and sits across from the highly successful regional center – Yuba Sutter Marketplace (with over 4.1 Million annual visitors) as well as a Bank of America branch with over $300M in deposits. The property’s prime location and strong tenant fundamentals make it an exceptional investment opportunity.
The subject property sits at the signalized hard corner intersection of Colusa Highway & Gray Avenue which boasts traffic counts north of 62,000 VPD. The site is co-anchored by PetSmart & O’Reillys and sits across from the highly successful regional center – Yuba Sutter Marketplace (with over 4.1 Million annual visitors) as well as a Bank of America branch with over $300M in deposits. The property’s prime location and strong tenant fundamentals make it an exceptional investment opportunity.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
25,000 SF
Building Class
B
Year Built
1970
Price
$9,705,150 CAD
Price Per SF
$388.21 CAD
Cap Rate
6.25%
NOI
$606,572 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
1.93 AC
Opportunity Zone
Yes
Zoning
C-1
Parking
141 Spaces (5.64 Spaces per 1,000 SF Leased)
Frontage
190’ on Plaza Way
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
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Walgreens w/Drive-Thru - Long Term NNN Lease | 855 Colusa Ave
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