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2589 Jensen Ave
Sanger, CA 93657 Eastern Fresno

$5,460,900 USD

Drugstore For Sale  •  13,779 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 13,717 SF
  • Lot Size 1.03 AC
  • Building Class B
  • Year Built 2009
  • Cap Rate 8.00 %
  • Tenancy Single
  • Zoning C2
10 Transit Score
40 Walk Score

Highlights

Well located Walgreen's with a history of growing sales and an 18.2+% increase in reported store sales between 2020 and 2025
$36,406 net monthly income guaranteed by Walgreens (acquired by Sycamore Partners in Aug. 2025) with absolute NNN lease and no landlord expenses
Long lease term remaining with an expiration date in 2084- there is an early termination option in 8.3 years (as of 6/1/2026).
Total rental income scheduled from 6/1/2026 until the beginning of the first termination option equals $3,604,194 and recaptures 66% of the list price
The only Walgreens in Sanger, CA, established since 2009, and occupying a major downtown signalized intersection.
Strong Retail synergy location with a busy Walmart supercenter and a shopping center across the street including Dollar Tree, O'Reilly's, etc..

Property Flyers

Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 13,717 SF 8/31/2034

Amenities

  • Mezzanine
  • Pylon Sign
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Fresno Yosemite International 17 min - 12.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Mary Alam, MBA 415-358-2111 NAI Northern California
Mary Alam, MBA 415-358-2111 NAI Northern California