California Walgreens, Pacific West Region

Property Description

California walgreens for sale

* $ 412,000 Annual Rent + % rents.

* Property Delivered Debt Free OR Possible Carry Note

* New 25 Year Lease with Ten 5-Year Options.

* +/- 14,490 sf Bldg. on + 1.28 acres sf Lot. .

* Inquire about buying 1/2 of this Walgreens

* Excellent corner location

* Freestanding building.

* Estimated daily traffic count: 60,000 + cars.

* 64 parking stalls.

* NNN Lease—No landlord responsibilities.

* Store expected to open November, 2007.

* Fortune “50” National Credit Tenant.

Rarely available true NNN Walgreens in California and the perfect 1031 exchange property.

Founded in 1901, Walgreens is not only the nation’s largest retail pharmacy chain, it is considered the leader in innovative drugstore retailing. The Company has pioneered many modern store and pharmacy features, some of which have become standards in the industry. Walgreens is a publicly traded "FORTUNE 50" Company and is ranked #1 in sales in the United States with sales totaling over $50 billion for the 12 months ending in January 2007. Walgreens is included in the Forbes Platinum 400 list of best performing big companies in the United States. As of February 2007, Walgreens had a net worth of almost $10 billion and held an A+ rating by Standard and Poor’s and a Long Term rating of Aa3 by Moody’s.

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