Walgreens Leased Property For
2589 Jensen Ave Sanger, CA 93657
2589 Jensen Ave, Sanger, CA, 93657
$5,460,900
For Sale
$5,460,900
Thriving Walgreens property in Sanger, CA with long-term absolute NNN lease.
Property Size13,779 SF
Price / SF$396.32
Days on Market243
Property Features for 2589 Jensen Ave
General Information
- Standard status
- Active
- Size
- 13,779 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2009
Listing agency
(415) 297-5586
Listed by
Mary Alam, MBA · License #CalDRE #01927340
(415) 297-5586
Source
Naiglobal
Added: Nov 21, 2025 Updated: Jul 6 at 8:40AM Checked: Jul 22 at 5:25AM
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 Mary Alam, MBA
Investment Insights
Based on property information with market context.
Located at 2589 Jensen Avenue in Sanger, California, this property is a standalone retail building occupied by a Walgreens pharmacy. The property is situated just 12 miles from the Fresno Yosemite International Airport and approximately 3.5 hours by car from Los Angeles International Airport. The pharmacy has a longer-term absolute NNN lease. The store is positioned at a signalized hard corner within an established commercial area, near a Walmart Supercenter, Dollar Tree, 99-cent Only, O'Reilly Auto Parts, AT&T, T-Mobile, and Subway. As the only Walgreens in Sanger, it is located at the major signalized retail intersection of Jensen and Bethel Avenues, which experiences a high traffic count of 25,000 vehicles per day. The property has been at this location since 2009. The building includes a drive-thru pharmacy and a 3,000 square foot mezzanine with a separate entrance. The property is on a 1.03-acre parcel with ample parking and easy access. Multiple medical and educational services are located less than one mile from the property. The location is considered a main and main location at one of the busiest signalized intersections in downtown Sanger. Retail synergy is enhanced by a Walmart Supercenter and a busy shopping center across the street, the EECU Credit Union next door, and nearby national retailers including Starbucks, Dollar Tree, O'Reilly's, AT&T, Grocery Outlet and Quest Diagnostics. The property size is 13,779 square feet.
Key Highlights
- Long‑term absolute NNN lease with Walgreens, guaranteeing $36,406 net monthly income and no landlord expenses.
- High‑performing Walgreens store, ranked in the 91st percentile nationwide, with a 10% sales increase from 2020 to 2024.
- Located at a major signalized intersection with high traffic count (25,000 VPD) in Sanger, the only Walgreens in town.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $269.5k | $19.56 |
| − Vacancy | −$15.1k | −$1.10 |
| EGI | $254.4k | $18.46 |
| − OpEx | −$63.6k | −$4.62 |
| NOI | $190.8k | $13.85 |
13,779 SF · lease $19.56/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.73M
$2.39M – $3.18M
NOI $190,818 @ 7.0% cap · market cap 3.49%
Second Best
Retail
$2.54M
$2.23M – $2.97M
NOI $178,097 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,372 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
Similar Off Market Nearby
- Walmart Pharmacy — 2761 Jensen Ave, Sanger, CA 93657
- Rodney A. Chang, PharmD — 2589 Jensen Ave, Sanger, CA 93657
- Daniel Perez, PharmD — 2589 Jensen Ave, Sanger, CA 93657
- Walgreens Pharmacy — 2589 Jensen Ave, Sanger, CA 93657
FAQs
What type of property is this?
Drug store - Thriving Walgreens property in Sanger, CA with long-term absolute NNN lease.
Where is this drug store located?
The property is located at 2589 Jensen Ave Sanger, CA.
What is the asking price?
The asking price for this property is $5,460,900.
What are key features of this property?
This property features: Long‑term absolute NNN lease with Walgreens, guaranteeing $36,406 net monthly income and no landlord expenses.; High‑performing Walgreens store, ranked in the 91st percentile nationwide, with a 10% sales increase from 2020 to 2024.; Located at a major signalized intersection with high traffic count (25,000 VPD) in Sanger, the only Walgreens in town.
