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Walgreens
828 Newville Road, Orland, CA 95963
$8,100,000
Cap Rate 6.48%
Summary
| Price $8,100,000 | Built/Renov 2010 | Tenant Walgreens |
| Cap Rate 6.48% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
15,930
| Lease Start
09-01-2009
| #Units
8,896
|
| Price/SF $508.47 | Expiration
08-31-2034
| Tenant Type Pharmacy |
| NOI $525,000 | R. Term 10.8 | Ownership Fee Simple |
| Rent/SF
$32.96
| Increases 0.0%/0/yrs | Pop 5Mi 14,497 |
| Lot/AC 1.77 | Options 50/1yrs | AHHI 5Mi $72,123 |
| | |
Lease Highlights
- Walgreens has been operating in this location since 2009
- Tenant has over 10 years remaining on the current lease term with 50 (1 year) options to extend | No rental increases
- Absolute NNN | Zero landlord responsibilities
- Corporate guarantee by Walgreens Boots Alliance (NASDAQ: WBA)
- Walgreens is an investment grade tenant (S&B: BBB)
Location Description
Walgreens is strategically located at the signalized, hard corner intersection of Newville Road and 8th Street with access to 9,200 vehicles per day. The site is within close proximity to the on/off ramps of Interstate 5, the main highway connecting Seattle Washington to San Diego, CA. Surrounding national/credit tenants include Chevron, Dollar General, Subway, Auto Zone, Ace Hardware and...
...Features
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Signalized intersection
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Hard corner intersection
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In location for years
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Dense retail corridor
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Strategically located
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Absolute NNN
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Long 10+ yr lease
-
Traded and rated company
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Corporate Guarantee
-
Investment grade tenant
...
Maps
Tenant
- Tenant: Walgreens
- Guarantor:Corp T and Rated
- Company:Walgreens Boots Alliance
- # Units:8,896
- Tenant S&P: BBB
- Moody’s: Baa3
- Stock:NASDAQ: WBA
About Tenant
Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 6,591 | 12,838 | 14,689 |
| 2023 Total Population : | 6,498 | 12,783 | 14,648 |
| 2023 Employed Civilian Pop : | 2,818 | 5,556 | 6,362 |
| 2023 Total Businesses : | 274 | 397 | 451 |
| 2023 Average Household Income : | $ 65,749 | $ 71,373 | $ 73,139 |
| 2023 Total Consumer Spending : | $ 127 M | $ 275 M | $ 321 M |
| 2023 Median Age : | 35 | 37 | 38 |
| 2023 Total Households : | 2,227 | 4,435 | 5,062 |
| 2023 Pop Age 25+: Bachelor's Degree : | 451 | 1,012 | 1,222 |
| 2023 Average Home Value : | $ 299,063 | $ 360,170 | $ 392,840 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Newville Rd | 9th St | 2017 | 8,500 | 0.03 mi |
| Walker St | 8th St | 2017 | 9,200 | 0.16 mi |
| 6th St | Tehama St | 2001 | 6,621 | 0.19 mi |
| 32 | 2018 | 10,800 | 0.19 mi | |
| 32 | 2018 | 9,200 | 0.21 mi | |
| 6th Street | Swift St | 2021 | 9,700 | 0.21 mi |
| Walker St | 6th St | 2017 | 10,800 | 0.24 mi |
| CA 32 | 2021 | 27,250 | 0.28 mi | |
| I- 5 | Bungalow Rd | 2017 | 29,000 | 0.40 mi |
| Newville Rd | Rd Hh | 2005 | 5,216 | 0.42 mi |
