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Walgreens NNN Lease Investment Opportunity

1130 Foxworthy Ave, San Jose, CA

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For Sale

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NNN leased Walgreens with 13 years of primary term.

Type:RETAIL

Property size:

14,852 SF

Lot size:

1.26 Acres

Price / SF:

$534/SF

HighLights

STNL Walgreens with investment grade credit tenant rated “BBB” by S&P
13 years of primary lease term remaining with a total 75 year lease
NNN lease - tenant responsible for all taxes, insurance, and maintenance (excluding roof and structure)
10% rental increases every 10 years
Newer 2012 construction build
Drive‑thru pharmacy

We can help!

Contact an agent

Rachel Kram

For Sale

Contact for pricing

NNN leased Walgreens with 13 years of primary term.

Type:RETAIL

Property size:

14,852 SF

Lot size:

1.26 Acres

Price / SF:

$534/SF

Added:: Nov 24, 2025
Days on Market:: 225
Last Refresh:: Jun 30 at 6:08 am

Property Features for 1130 Foxworthy Ave

General Information

Standard status: Active
Size: 14,852 SF
Lot size: 1.26 Acres
Property subtype: RETAIL

We can help!

Contact an agent

Rachel Kram

Listing office CP Partners

Listing date Nov 24, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CP Partners

HighLights

STNL Walgreens with investment grade credit tenant rated “BBB” by S&P
13 years of primary lease term remaining with a total 75 year lease
NNN lease - tenant responsible for all taxes, insurance, and maintenance (excluding roof and structure)
10% rental increases every 10 years
Newer 2012 construction build
Drive‑thru pharmacy

Overview

This property features a single-tenant net-leased Walgreens, constructed in 2012, with a drive-thru pharmacy. The lease is structured as NNN, with the tenant responsible for all taxes, insurance, and maintenance, excluding roof and structure. The property is located in San Jose, CA. The lease has approximately 13 years of primary term remaining, with options to extend to a total of 75 years. The tenant has an investment grade credit rating of "BBB" by S&P. The property size is 14,852 square feet. The lease includes 10% rental increases every 10 years.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$623.8k	$42.00
− Vacancy	−$31.2k	−$2.10
EGI	$592.6k	$39.90
− OpEx	−$148.1k	−$9.98
NOI	$444.4k	$29.92

14,852 SF · lease $42.00/SF/yr · vacancy 5.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$6.35M

$5.56M – $7.41M (±1% cap)

NOI $444,446 @ 7.0% cap · market cap 5.59%

Second Best

Retail

$5.73M

$5.01M – $6.69M (±1% cap)

NOI $401,175 @ 7.0% cap · market cap 5.05%

Theoretical Best

Office A

$8.97M

$7.85M – $10.46M (±1% cap)

NOI $627,870 @ 7.0% cap · market cap 7.90%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Walgreens Photo (Bike/Boat/Book/etc) Store FedEx OnSite Postal Service Walgreens Pharmacy Walgreens Pharmacy Pharmacy Coinhub Bitcoin ATM ... Atm

Suggested Use

Similar Places Nearby

Yakult USA Inc — 1150 Hillsdale Ave # 106, San Jose, CA 95118
ConstellationNailsArt — 3740 Cherry Ave, San Jose, CA 95118
CVS — 1405 Foxworthy Ave, San Jose, CA 95118
CVS Pharmacy — 1405 Foxworthy Ave, San Jose, CA 95118
Pavan Patel — 1405 Foxworthy Ave, San Jose, CA 951181119

Location Insight

Map
Local Demand

City: San Jose
County: Santa Clara
State: California
Longitude: -121.8805668
Latitude: 37.2773331

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For sale
Drug stores
CA
San Jose
1130 Foxworthy Ave

What type of property is this?

Drug store - NNN leased Walgreens with 13 years of primary term.

Where is this drug store located?

The property is located at 1130 Foxworthy Ave San Jose, CA.

What is the asking price?

The asking price for this property is $7,945,000.

What are key features of this property?

This property features: STNL Walgreens with investment grade credit tenant rated “BBB” by S&P; **13 years of primary lease term remaining** with a total 75 year lease; NNN lease - tenant responsible for all taxes, insurance, and maintenance (excluding roof and structure)

1130 Foxworthy Ave, San Jose, CA

NNN leased Walgreens with 13 years of primary term.

Property Features for 1130 Foxworthy Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Flex Retail/Warehouse Building

Four-Plex with Five-Stall Carport

Well-Maintained Fourplex Opportunity

Warehouse with Roll-Up Door and Offices

Four-Unit Multifamily with Private Garages

Industrial Condominium with Roll-Up Door

Well-Maintained Duplex with Private Yards

Second-Floor Office Condominium

Renovated Office Building with Rentals

Updated Duplex with Two Vacant Units

Well-Maintained Fourplex

Fourplex with Carport Parking

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