14280 San Pablo Ave - Drug Store FOR SALE
San Pablo, CA 94806 |
$6,443,478 USD
404-504-7900
14280 San Pablo Ave
San Pablo, CA 94806
HIGHLIGHTS
- Walgreens’ NNN lease recently commenced in November 2023 and features ±13.8 years of term remaining
- Positioned less than 14 miles north of downtown San Francisco
- 6.9 MSF of retail, 1.9 MSF of office, 10.4 MSF of industrial, and 12,404 multifamily units within a 3-mile radius
- The San Francisco Metropolitan Statistical Area (Population: 4.8M) is a bustling region located in Northern California
OVERVIEW
CBRE is pleased to exclusively offer for sale the 14,470-square-foot Walgreens situated on 1.37 acres in San Pablo, CA - a component of the San Francisco, CA MSA (Population: 4.8M). Walgreens’ NNN lease recently commenced in November 2023 and features ±13.8 years of term remaining with 5% rent increases every 5 years throughout the term and in each of the twelve 5-year renewal options.
FOR SALE DETAILS
PRICE
$6,443,478 USD
PRICE/SF
$445 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens: San Pablo, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
48
LAND DETAILS
LAND ACRES
1.37 AC
LAND SF
59,677 SF
ZONING
SP2
APN/PARCEL ID
416-160-056-6
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404-504-7900
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404-504-7900
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