4331 Antelope Rd - Drug Store FOR SALE


Sacramento, CA 95843- Outer N Sac/Natomas/N Highlands
$4,548,000 USD
916-871-2269
4331 Antelope Rd, Sacramento, CA for Sale
$4,548,000 USD
Drug Store - FOR SALE
1/9
null | 6.5% Cap Rate

4331 Antelope Rd
Sacramento, CA 95843
Outer N Sac/Natomas/N Highlands


HIGHLIGHTS

  • Walgreens Just Exercised 2nd Option Period - 6 Years Remaining
  • Exposure To 62,000 Vehicles Per Day
  • Strong Historical Store Sales
  • Population of 30,000 People Within 1 Mile Radius

OVERVIEW

ALIVE Commercial Real Estate is pleased to offer this single tenant Walgreens for sale in Antelope (Sacramento), CA at a price of $4,548,000 / 6.5% Cap Rate. Walgreens has been successfully operating at this location since 2000 and recently exercised their 2nd, 5-year option at the contractual rental rate of $295,596 per year. The current option expires in February 2031 (6 years remaining) with 6, 5-year options to follow. Walgreens is paying a defendable market rental rate of $1.63 PSF, NNN. This location has strong historical store sales well above the national average for Walgreens (contact Patrick for details). Walgreens is situated on an oversized 2.01-acre parcel and is well-parked with 89 spaces. The property benefits from exposure to approximately 62,000 VPD at the signalized intersection of Antelope Rd. & Walerga Rd. Walgreens is accessible from both thoroughfares and offers convenient ingress and egress. There are a number of national retailers in the immediate area, including: Bel Air, Winco, Petco, 24 Hour Fitness, Les Schwab, AutoZone, McDonald's, Safe Credit Union as well as a newer construction Dutch Bro's immediately adjacent to the subject property. In addition to the strong retail presence, Walgreens also benefits from a robust residential population of more than 30,000 people within a 1-mile radius.

FOR SALE DETAILS

PRICE

$4,548,000 USD

PRICE/SF

$301 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

SC, Antelope

APN/PARCEL ID

203-0110-135

ASK ABOUT THIS PROPERTY

Patrick FollettALIVE Commercial Real EstateMore Info
916-871-2269

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Patrick FollettALIVE Commercial Real EstateMore Info
916-871-2269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.