828 Newville Rd Orland, CA 95963-1109

Property Details for 828 Newville Rd

Year built

2010

Construction

WOOD

Lot size

1.51 lot acres

Property size

12,609 SF

Zone code

C-H

Property type

Retail space

APN

040-141-010-000

APU

40141010000

Description

This exceptional investment opportunity presents a fee-simple, single-tenant, absolute triple-net (NNN) leased Walgreens property located at 828 Newville Road, Orland, CA 95963. The 15,930 square foot building, constructed in 2010, sits on a 1.77-acre lot and boasts a prominent location just off Interstate 5, benefiting from high visibility to over 29,000 vehicles daily. The property features a drive-thru pharmacy and ample surface parking. The current lease with Walgreens, a corporate guaranteed tenant, commenced August 31, 2009, and has a remaining term of approximately 9.8 years, expiring August 31, 2034, with fifty one-year lease options. The asking price is $2,100,000, representing a price per square foot of $131.83 and a current NOI of $525,000. The property enjoys 100% occupancy and benefits from strong co-tenancy with national brands such as Subway, Burger King, McDonald's, and Dollar General. Orland, a thriving residential community, offers a stable market with limited retail competition. This investment provides a secure, long-term passive income stream with minimal landlord responsibilities, making it an ideal addition to any portfolio. The property's location along a primary thoroughfare with four points of ingress/egress ensures excellent accessibility and visibility. The town of Orland is situated approximately 100 miles north of Sacramento and benefits from a strong local economy and community engagement. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance investment property with a blue-chip tenant.

Location Insight

City

Orland

County

Glenn

State

California

Longitude

-122.2

Latitude

39.7491

Property Tax & Assessments