For Sale
$2,100,000

828 Newville Rd Orland, CA 95963

Orland, CA: Prime Walgreens location

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute triple-net (NNN) leased Walgreens property located at 828 Newville Road, Orland, CA 95963. The 15,930 square foot building, constructed in 2010, sits on a 1.77-acre lot and boasts a prominent location just off Interstate 5, benefiting from high visibility to over 29,000 vehicles daily. The property features a drive-thru pharmacy and ample surface parking. The current lease with Walgreens, a corporate guaranteed tenant, commenced August 31, 2009, and has a remaining term of approximately 9.8 years, expiring August 31, 2034, with fifty one-year lease options. The asking price is $2,100,000, representing a price per square foot of $131.83 and a current NOI of $525,000. The property enjoys 100% occupancy and benefits from strong co-tenancy with national brands such as Subway, Burger King, McDonald's, and Dollar General. Orland, a thriving residential community, offers a stable market with limited retail competition. This investment provides a secure, long-term passive income stream with minimal landlord responsibilities, making it an ideal addition to any portfolio. The property's location along a primary thoroughfare with four points of ingress/egress ensures excellent accessibility and visibility. The town of Orland is situated approximately 100 miles north of Sacramento and benefits from a strong local economy and community engagement. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance investment property with a blue-chip tenant.

Highlights

  • Triple-net Walgreens investment opportunity with an absolute NNN lease.
  • High-visibility location off Interstate 5, with over 29,000 vehicles daily.
  • Passive income with stable NOI and no landlord responsibilities.
  • Secure, long-term investment with approximately 9.8 years remaining on the 25-year lease.
  • Strong location in a small suburban market with limited retail competition and excellent co-tenancy.
  • $2,100,000 asking price for this 15,930 square foot property on a 1.77-acre lot in Orland, CA.

Property Details for 828 Newville Rd

Property type
Retail properties, Drug stores
Square Feet
15,930 SF
Year Built
2010
Buildings
1
Stories
1
Lot Size (sq. ft)
77,101 SF

Location Insight

City
Orland
County
Glenn
State
California
Latitude
39.748708699157
Longitude
-122.20073700174

FAQs

What type of property is this?
Retail property - Orland, CA: Prime Walgreens location
Where is the retail property located?
The property is located at 828 Newville Rd Orland, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Triple-net Walgreens investment opportunity with an absolute NNN lease.; High-visibility location off Interstate 5, with over 29,000 vehicles daily.; Passive income with stable NOI and no landlord responsibilities.
How can I contact the broker?
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828 Newville Rd
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