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Investment Highlights

  • Single-Tenant Walgreens (NASDAQ: WBA); Absolute NNN Lease; Zero Landlord Responsibilities
  • Long-Term Operating History at the Property (21+ Years)
  • Largest Daily Needs Retail Pharmacy Provider in the United States With Nearly 8,000 Locations
  • 5.5+ Years Remaining on the Initial Term
  • Prototype Store Format With Drive-Thru
  • High-Traffic, Hard-Corner Signalized Intersection: The Property Is Located at a Hard Corner, Signalized Intersection

Executive Summary

Absolute NNN lease; zero landlord responsibilities | 5.5+ years remaining on the initial term | Long-term operating history at the property (21+ years)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,480 SF
Building Class
A
Year Built
2006
Price
$6,934,603 CAD
Price Per SF
$478.91 CAD
Cap Rate
7.50%
NOI
$520,054 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.45 AC
Zoning
GC, Elk Grove
Parking
70 Spaces (4.78 Spaces per 1,000 SF Leased)
Frontage
209’ on Bond Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Drive Thru
  • Car Charging Station

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • Oct 2030

Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - Oct 2030
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

U.S. Bank
Starbucks
Save Mart
El Dorado Savings Bank
Bank of America
Smart & Final
Black Bear Diner
Denny's
Chase Bank
Grocery Outlet

Property Taxes

Property Taxes

Parcel Number
116-0100-093
Land Assessment
$2,576,546 CAD
Improvements Assessment
$6,640,840 CAD
Total Assessment
$9,217,387 CAD
  • Listing ID: 39390069

  • Date on Market: 2026-02-10

  • Last Updated:

  • Address: 9200 Elk Grove Florin Rd, Elk Grove, CA 95624

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