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14280 San Pablo Ave
San Pablo, CA 94806 San Pablo

$5,700,000 USD

Drugstore For Sale  •  14,740 SF

Property Details

• Property Type Drugstore
• Total Building Size 14,820 SF
• Lot Size 1.37 AC
• Building Class C
• Year Built 2010
• Cap Rate 6.50 %
• Tenancy Single
• Zoning SP2

48 Transit Score

81 Walk Score

Highlights

Walgreens Co., recently acquired by Sycamore Partners and taken private, has executed a 15-year lease featuring rare 5% rental escalations.

The lease offers over ±12.5 years of remaining primary term, along with multiple extension options, providing long-term income visibility.

The lease is structured as absolute NNN, with zero landlord responsibilities, delivering truly passive ownership and predictable cash flow.

Positioned on a hard corner at San Pablo Avenue and Laurie Lane at the primary entrance to the College Center shopping center.

The Walgreens is outparceled to the College Center shopping center, which includes national and regional tenants such as Starbucks,

Walgreens has demonstrated long-term operational resilience through multiple economic cycles, including the COVID-19 pandemic.

Cap Rate:

6.50 %

Amenities

• Pylon Sign
• Drive Thru
• Car Charging Station

Public Transportation

Commuter Rail	Drive	Walk	Distance
	6 min	-	2.5 mi
	13 min	-	8.4 mi
Airport	Drive	Walk	Distance
Metro Oakland International	33 min	-	22.8 mi
San Francisco International	45 min	-	30.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	53
Type:	Surface
Included in Rent:	Yes