Walgreens - Citrus Heights, CA

JLL is pleased to exclusively offer the opportunity to acquire a fee simple, NN-leased Walgreens in Citrus Heights, CA in the Sacramento MSA. The property is ideally positioned on a 1.83-acre parcel at the signalized intersection of Dewey Drive and Greenback Lane seeing over 67,000 VPD, with minimal competition in the immediate area. Walgreens, an investment-grade tenant (S&P: ‘BBB/Stable’), has occupied the property since 2000, with 10 years remaining on the primary term of the lease.

This offering presents the rare opportunity for an investor to acquire a well-positioned Walgreens demonstrating significant year-over-year sales growth, a recent lease extension of 10 years, and dense surrounding demographics in a California MSA experiencing significant population growth.

·      Net lease structure with investment-grade tenant

·      Explosive population growth

·      24-hour store with strong unit performance

·      High traffic count in a dense California suburb