Walgreens

Daly City, located in San Mateo County, California, is a coastal city just south of San Francisco. Known as the "Gateway to the Peninsula," it serves as a bridge between the vibrant city life of San Francisco and the suburban communities of the Peninsula. With a population of approximately 105,000, it is the largest city in the county and stands out for its cultural and ethnic diversity. Daly City offers a mix of urban conveniences and natural beauty, with landmarks like Thornton State Beach and Mussel Rock Park providing stunning coastal views and opportunities for outdoor activities. The historic Cow Palace serves as a venue for events and conventions, while shopping destinations like Serramonte Center and Westlake Shopping Center contribute to the local economyThis is a unique opportunity to acquire a soon-to-be-former Walgreens property in Daly City, California. Spanning 13,905 square feet on a generous 1.38-acre lot, the property features a newly installed roof (2019) and benefits from a strategic location in the bustling Mission Street retail corridor. Walgreens will vacate the premises in February 2025, with the existing lease extending through June 2030, offering flexibility for future use. The property enjoys prime corner-lot positioning with excellent visibility to 28,000 vehicles per day (VPD) and convenient access to Interstate 280 (144,000 VPD), which provides direct access into San Francisco. It is also close to Highway 1 and within walking distance of the Daly City BART Station. Additionally, a bus stop at its doorstep ensures high foot traffic and accessibility. Surrounded by strong demographics, the site boasts a dense population of 53,784 residents within a 1-mile radius, with an impressive average household income of $130,439. Nearby tenants include 7-Eleven, Dollar Tree, AutoZone, Round Table Pizza, Fog City Cafe, Goldilocks Bakeshop, the U.S. Postal Service, and more.