Walgreens NNN Investment
11440 Windemere Pkwy, San Ramon, CA 94582
For Sale
Contact for pricing
Single-tenant Walgreens in high-traffic San Ramon location.
Property Size12,868 SF
Lot Size1.00 Acre
Price / SF$673.51
Days on Market258
Property Features for 11440 Windemere Pkwy
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Tenancy
Listing Agency:
The Kase Group
Listed By:
Kase Abusharkh · License #TX 708586
(925) 348-1844
Source:
Crexi
Added: Feb 25
Changed: Oct 25
Last Checked: Nov 8 at 9:16AM
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 The Kase Group
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Investment Insights
Based on property information with market context.
This investment opportunity features a single-tenant Walgreens property located at 11440 Windemere Pkwy, San Ramon, CA. The property is fully leased to Walgreens with a corporate guarantee under an Absolute NNN lease, which includes scheduled rent increases at each option. The building spans 12,868 square feet with an additional second-level mezzanine for stock, situated on a 1-acre lot. The location benefits from high traffic and three access points. Neighboring retailers include Safeway, Wells Fargo, Peet's Coffee, Chase Bank, and Stanford Health Care. The property is the only national free standing pharmacy within 4 miles and is well-positioned for visibility and access in a community with significant barriers to entry.
Key Highlights
- Long‑term Absolute NNN lease to Walgreens with corporate guarantee.
- Only national free‑standing pharmacy within a 4‑mile radius.
- Located in a prime, high‑traffic area of San Ramon, CA.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$329,059
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,581,180
$6.6M
Cap Rate 7%
$4,700,843
$4.7M
Cap Rate 9%
$3,656,211
$3.7M
Market Conditions
NOI Build-Up for 12,868 SF
Gross rent
$501.9K $39.00/SF
− Vacancy
−$31.8K −$2.47/SF
EGI
$470.1K $36.53/SF
− OpEx
−$141.0K −$10.96/SF
NOI
$329.1K $25.57/SF
Area
Contra Costa County, CA
Vacancy
6.33%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,581,180
Cap Rate 7%
$4,700,843
Cap Rate 9%
$3,656,211
Alternative Uses
Best Use
Retail
$4.70M
$4.11M – $5.48M
NOI $329,059 @ 7.0% cap · market cap 3.80%
Second Best
Specialty Retail
$3.29M
$2.87M – $3.83M
NOI $229,951 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$4.86M
$4.26M – $5.67M
NOI $340,487 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 94582, CA
49,311
Population
16,531
Households
3
Avg Household Size
39
Median Age
77%
College-Educated
97%
High-School Grad
13.4 sq mi
ZIP Area
3,680
Density / Sq Mi
$211,159
Median Household Income
$114,953
Median Earnings
$2,880
Median Rent
$1,543,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Walgreens Pharmacy — 11440 Windemere Pkwy, San Ramon, CA 94582
- COVID-19 Drive-Thru Testing at Walgreens — 11440 Windemere Pkwy, San Ramon, CA 94582
Frequently Asked Questions
What type of property is this?
Drug store - Single-tenant Walgreens in high-traffic San Ramon location.
Where is this drug store located?
The property is located at 11440 Windemere Pkwy San Ramon, CA.
What is the asking price?
The asking price for this property is $8,666,667.
What are key features of this property?
This property features: Long‑term Absolute NNN lease to Walgreens with corporate guarantee.; Only national free‑standing pharmacy within a 4‑mile radius.; Located in a prime, high‑traffic area of San Ramon, CA.
