For Sale
$4,805,000

2875 Main StSusanville, CA 96130

High-yield, long-term Walgreens lease in CA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity features a 14,739 square foot Walgreens, built in 2006, situated on a 1.47-acre lot at a signalized hard corner in Susanville, CA. The property boasts a 75-year absolute NNN lease with a corporate guarantee from a credit-rated tenant, ensuring minimal landlord responsibilities. With a remaining lease term of 56.9 years, commencing October 1, 2006, and expiring September 30, 2081, this investment offers exceptional long-term stability and predictable cash flow. The property's strategic location on Main Street (State Highway 36), a major commercial thoroughfare, provides high visibility and accessibility. Its proximity to a Walmart Supercenter further enhances its desirability. The property generates a substantial net operating income (NOI) of $360,372, resulting in an attractive 7.50% cap rate. The asking price is $4,805,000. This free-standing building, featuring a drive-thru lane and large pylon sign, represents a compelling investment opportunity for discerning buyers seeking a secure, high-return asset with a blue-chip tenant. The property is 100% occupied.

Highlights

  • Absolute NNN corporate lease with no landlord responsibilities.
  • Investment-grade corporate tenant (S&P rated: BBB-).
  • Free-standing, build-to-suit Walgreens with drive-thru, situated on a 1.47-acre lot.
  • Signalized hard corner location across from a Walmart Supercenter.
  • 14,739 SF building on Main Street (State Highway 36) in Susanville, CA.

Property Details for 2875 Main St

Property type
Retail properties, Drug stores
Square Feet
14,739 SF
Year Built
2006
Lot Size (sq. ft)
64,033 SF

Location Insight

City
Susanville
County
Lassen
State
California
Latitude
40.409863168272
Longitude
-120.63473676274
2875 Main St, Susanville, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2875 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message