Walgreens Available for Sale
Every investment opportunity below offers:
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
Available
Hawaii Trophy Walgreens
$19,500,0004.58% CAP
- Fee to Buyer's Broker: $292,500
- Extremely rare opportunity to acquire fee simple ownership of prime retail land on Maui
- Strategically positioned with excellent frontage and visibility on a hard corner
- 13 years of Walgreens rent guaranteed
- The site is within Kahului’s preeminent retail corridor across Kamehameha Avenue from the 370,000-square-foot Maui Mall
- The property is walking distance to approximately 1,500 houses
Long Island, New York
$12,737,0005.00% CAP
- $229,000 Fee to Buyer’s Broker
- Newer construction 15 year NNN lease
- Extremely rare freestanding, hard corner, with a drive-thru...located just 42 miles from Manhattan
- High traffic intersection with 52,100 cars per day
- Dense, urban infill location -- 21,311 people reside within one mile
- Store opened for business November 2016
- Closest drugstore competitor is 2.5 miles away
- Walgreens corporate credit guarantees the rent
12 Year NNN in Mountain West
$9,072,2405.00% CAP
- Fee to buyer's broker: $90,000
- 12 Years of NNN Rent - No Landlord Responsibilities
- Excellent Demographics
- Situated on Busy Wadsworth Blvd With 55,000 Cars Per Day
- Strong Store Sales: Over $2.3M
- Full Walgreens Corporate Guaranty
Long Term NNN in Tax-Free State
$8,938,0005.00% CAP
- Fee to Buyer’s Broker: $89,380
- Unique, High Profile Architecture
- Strategic Location (CVS on Opposite Corner)
- NNN Lease
- High Traffic Corner
- Located at the Entrance to Abilene Christian University (3,600 Students)
- Full Walgreens Corporate Guaranty
Salt Lake City MSA Walgreens
$8,511,1114.50% CAP
- Fee to Buyer's Broker: $85,000
- Lease Just Extended Early By Walgreens
- Strong Performing Store - Reported Sales Over $2.4mm for 2020
- Traffic Counts are Off the Charts!
- Excellent Demographics
- Preferred 5 Year Option Structure
12+ Year NNN in Tax-Free State
$8,133,3325.25% CAP
- Fee to buyer's broker: $100,000
- Absolute Net Lease - Zero Landlord Responsibilities
- Rare Long Term Florida Walgreens
- Tax Free State
- Strategic Location, Next to Walmart Supercenter and CVS
- Full Walgreens Corporate Guaranty
12+ Year NNN in Salt Lake MSA
$7,754,0605.00% CAP
- Fee to Buyer's Broker: $100,000
- 12+ Year NNN in High Growth Area in Western States
- Mountain View Hospital Just Down the Street
- Store is Well Positioned at “Main and Main” Intersection
- No Competition From CVS in Town
- Utah is the Fastest Growing State in the Country, and Store is Located in the Second Largest County in Utah
- True NNN Lease With No Landlord Responsibilities
- Full Walgreens Corporate Guaranty
17+ Year NNN in Chicagoland
$7,292,8575.25% CAP
- $100,000 Fee to Buyer's Broker
- Affluent Area: Lakemoor is a Wealthy Suburb of Chicago
- Strategically Positioned With Excellent Frontage and Visibility on a Hard Corner
- Excellent Traffic Counts
- Full Walgreens Corporate Guaranty
11+ Year California Walgreens
$7,165,200 5.75% CAP
- Fee to Buyer’s Broker: $150,000
- Rare Long-Term California Walgreens
- Hard Corner Location With Drive-Thru
- Dense Population: 279,000 Residents Within 5 Miles
- 10 Miles From Downtown Sacramento
- Situated on Busy Watt Ave With 35,500 Cars Per Day
- Full Walgreens Corporate Guaranty
12+ Year NNN New York Walgreens
$7,083,333 6.00% CAP
- Fee to Buyer’s Broker: $150,000
- Absolute Net Lease - Zero Landlord Responsibilities
- Full Walgreens Corporate Guaranty
- Strategically Positioned With Excellent Frontage and Visibility on a Hard Corner
- Freestanding Building With Drive Thru
- Two Colleges Within a Two Mile Radius (SUNY & Hartwick)
- Liquor License From Rite Aid Down the Street Recently Relocated to This Store
Rare Long Term NNN California Walgreens
$6,970,000 5.40% CAP
- Fee to Buyer’s Broker: $100,000
- 13+ Years Remaining
- Absolute Net - No Landlord Responsibilities
- Dense, Urban Infill Location - ~17,000 Reside in 1 Mile Radius
- Strategic Location for Walgreens
- Full Walgreens Guaranty
10+ Year NNN Walgreens in Tax-Free State
$6,947,368 4.75% CAP
- Fee to Buyer's Broker: $69,473
- Strong Reported Sales
- Strategic Location
- True NNN Lease, Zero Landlord Responsibilities
- High Traffic Area - 40,000+ cars a day
- Backed by Walgreens Corporate Guaranty
Absolute Net - Trophy Location
$6,900,000 without debt 5.28% CAP
$6,073,000 with buyer assuming debt6.00% CAP
- Fee to Buyer’s Broker: $100,000
- $180,000 Average Household Incomes in One Mile
- Absolute Net - Zero Landlord Responsibilities
- Preferred 5-Year Option Structure
- Unique Architecture
- High Barriers to Entry
- Full Walgreens Corporate Guaranty
12+ Year Walgreens in Arkansas
$6,700,0005.00% CAP
- Fee to Buyer's Broker: $100,000
- Located 1 Mile From Mercy Hospital
- Affluent Area: Avg HH Incomes Over $100K Within a 5 Mile Radius
- 6 Miles From Walmart Headquarters
- High Growth Area: Population Within 5 Miles Grew 39% Over the Last 10 Years
- Full Walgreens Corporate Guaranty
11+ Year NNN Walgreens
$5,909,0915.50% CAP
- Fee to Buyer's Broker: $100,000
- Reported Sales are over $3mm!
- Long Term Absolute Net Lease - Zero Landlord Responsibilities
- 5-Year Option Structure
- Strong Trade Area - Strategically Important Location
- Full Walgreens Corporate Guaranty
19+ Year NNN CVS
$5,227,9114.50% CAP
- Fee to Buyer’s Broker: $104,558
- Long Term Absolute Net Lease
- Traffic Counts at Corner = 34,000 Cars Per Day at Intersection
- 2 Min Drive From Jennings American Legion Hospital
- Hard Corner Location
- Zero Landlord Responsibilities
- Full CVS Corporate Guaranty
19+ Year NNN East Coast CVS
$5,046,2004.50% CAP
- Fee to Buyer’s Broker: $100,900
- Long Term NNN Lease
- Preferred 5-Year Option Structure
- 90 Miles to Downtown Pittsburgh
- Hard Corner Location
- Zero Landlord Responsibilities
- Full CVS Corporate Guaranty
NNN Walgreens With Urgent Care On Site
$4,872,0005.85% CAP
- Fee to Buyer's Broker: $100,000
- True NNN Lease - No Landlord Responsibilities
- Well Positioned Just One Mile From Memorial Hospital, a 237 Bed Acute Care Facility
- MedExpress Urgent Care Services On Site
- 11,400 Cars Per Day at Intersection
- Full Walgreens Corporate Guaranty
Absolute Net Walgreens in Tax-Free Texas
$4,618,1825.50% CAP
- Fee to Buyer's Broker: $100,000
- 10+ Years NNN Rent - No Landlord Responsibilities
- Excellent Store Sales: Up 20% From 2019
- Hard Corner Location With Drive-Thru
- High Traffic Area - South Texas College Mid-Valley Campus and Weslaco High School Nearby
- Full Walgreens Corporate Guaranty
Walgreens in Tax-Free Texas
$3,510,0006.25% CAP
- Fee to Buyer's Broker: $70,200
- Urban Infill, Ultra High Density Drugstore
- Rare Low Rent Walgreens
- $2.2MM in Reported Sales - Consistent Performing Store
- WAG Has Been Operating Here Since 1995!
- Preferred 5 Year Option Structure
- Full Walgreens Corporate Guaranty
Pending
16+ Year Midwest NNN Walgreens
$12,190,6185.50% CAP
- Fee to Buyer’s Broker: $243,800
- Extremely Strong Store Sales
- Absolute Net Lease, No Landlord Responsibilities
- Strong Retail Area With ALDI, AutoZone, Cub Foods, Dollar Tree, Taco Bell, Papa Johns, Sherwin Williams, etc
- Excellent Traffic Counts - Over 33,000 VPD at Corner
- Tremendous Demographics - $120k+ Incomes and Over 13,000 People in One Mile Radius
- Full Walgreens Corporate Guaranty
Long Term NNN in Tax-Free State
$8,938,0005.00% CAP
- Fee to Buyer’s Broker: $89,380
- Unique, High Profile Architecture
- Strategic Location (CVS on Opposite Corner)
- NNN Lease
- High Traffic Corner
- Located at the Entrance to Abilene Christian University (3,600 Students)
- Full Walgreens Corporate Guaranty
Absolute Net - North Carolina
$6,173,843 without debt 5.75% CAP
$5,916,000 with buyer assuming debt6.00% CAP
- Fee to Buyer’s Broker: $100,000
- Top Tier Store Sales — Up Nearly 25% Over the Last 3 Years
- Preferred 5-Year Option Structure
- Zero Landlord Responsibilities
- Main & Main Location
- High Traffic Corner
- Full Walgreens Corporate Guaranty
Midwest 13+ Year NNN
$6,054,5455.50% CAP
- Fee to Buyer’s Broker: $121,000
- Rare combo of dense population and high incomes
- Over 100,000 people within 3 miles
- Average HH Incomes > $80,000
- Affluent suburb of Kansas City
- 13+ years remaining on firm lease term
- Zero management responsibilities
- Full Walgreens Corporate Guaranty
Sold
St. Paul, MN
$17,357,0005.70% CAP
- True NNN lease with ~17+ years guaranteed rent
- Adjacent to massive redevelopment of 122-acre former Ford Motor Co. campus into a high-density urban village
- Just five miles north of Minneapolis-Saint Paul International Airport
- Densely populated neighborhood
- Proven location with consistently high sales reports
- High traffic thoroughfare with easy access
- Full guarantee by Walgreens corporation
Boston Metro -- Watertown
$16,859,0004.75% CAP
- East Watertown is a mecca for tech start-ups and young professionals
- Located just 1.8 miles from Harvard University and just seven miles from downtown Boston
- Rare rent increases
- Abundance of new developments in this area
- Close to area malls and national big box retailers
- Rare combination of affluent demographic ($108,215 Avg. HH Income) and dense population (336,000+ residents within three mile radius)
- True NNN lease with zero landlord responsibilities
Paterson, New Jersey
$16,345,0004.95% CAP
- Across from St. Joseph’s Medical Center, which recently completed $250MM expansion
- WAG acquired high volume independent pharmacy
- Brand new construction with 22 year NNN lease
- Just 18 miles from midtown Manhattan
- Complex assemblage of 9 parcels
- Dense, urban infill with 46,322 residents in 1 mile
- True NNN lease with no management responsibilities
16 Year NNN in Income Tax-Free Alaska
$13,500,2065.35% CAP
- True NNN Lease with 16 Years Guaranteed Rent
- Excellent Store Sales
- One of the Best Corners in All of Alaska
- Avg HH Income is $90,000+ Within 5 Miles
- Alaska Has No State Income Tax
- Walgreens Corporate Credit Guarantees the Rent
Kearny, New Jersey
$13,485,0005.00% CAP
- Rent increases! Extremely rare for Walgreens
- Brand new construction with 20 year NNN lease
- Just 12 miles from midtown Manhattan
- Dense, urban infill with 41,201 residents in 1 mile
- No other drugstore competition in area; neighborhood grossly under served by retailers
- True NNN lease with no management responsibilities
Chicagoland, Illinois
$13,145,0005.25% CAP
- NNN lease with approximately 19.5 years firm term
- Just 14 miles from Walgreens corporate HQ
- Just 35 miles from downtown Chicago
- Affluent demographic; Avg HH Income $142,000
- Over 90,000 people within 5 miles
- Important strategic location for Walgreens
- Rare option structure (every 5 years past 25)
- True NNN lease with zero management responsibilities
Santa Cruz, California
$13,100,0005.00% CAP
- Prime, irreplaceable San Francisco Bay Area real estate
- Unique opportunity to own an entire city block in a community where it has historically been very difficult to develop
- 21+ years of guaranteed cash flow
- Dense urban infill location (24,535 people in 1 mile)
- Investment grade Walgreens corporate credit and guarantee
- Two tenant deal offers rent increases and some upside in the near-term
Long Island, New York
$12,997,0004.90% CAP
- New construction 20 year NNN lease
- Extremely rare freestanding, hard corner, with a drive-thru...located just 42 miles from Manhattan
- High traffic intersection with 52,100 cars per day
- Dense, urban infill location -- 21,311 people reside within one mile
- Store opened for business November 2016
- Closest drugstore competitor is 2.5 miles away
- Walgreens corporate credit guarantees the rent
Alexandria, Virginia
$13,055,0005.40% CAP
- Fresh 25 Year NNN Lease
- Just six miles south of downtown DC
- Affluent demographic; Avg HH Income $125,751
- Dense population; 28,000 people within 1 mile
- Located in historic Del Ray District
- Rare option structure (every 5 years past 25)
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero management responsibilities
Prime New York Metro
$12,842,0004.75% CAP
- Last Walgreens on the market with 25 Years of guaranteed rent
- Relocation of a successful store that operated inline across the street; sales volumes above average
- Very affluent community with rare combination of high incomes ($116,000) and dense population
- 47,992 cars per day at intersection
- True NNN lease with no management responsibilities
- Walgreens corporate, investment grade credit guarantees the rent
New York
$12,567,0005.65% CAP
- 8.12% return on cash available with new loan
- Prime New York Metro real estate
- Dense, urban infill (41,370 people in 1 mile)
- 22+ years of guaranteed cash flow
- Reported sales up 24% year-over-year
- Relatively high incomes ($82,690 Avg HH Income)
Bayonne, New Jersey
$12,430,0005.35% CAP
- Dense urban infill with 32,000 people in 1 mile
- Brand new construction with 20 year NNN lease
- Just across the Hudson River from lower Manhattan
- True hard corner at high traffic, signalized intersection
- Preferred five-year option structure
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero management responsibilities
Wayzata, MN
$12,306,0005.00% CAP
- Brand new construction; delivers in April
- Relocation store with 20 Year NNN Lease
- Affluent lake community with $127,282 in Avg Household Income
- High barriers to entry; development took 5 years
- Traffic counts of over 43,000 cars per day
- Hard corner, free-standing building with drive-thru
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero landlord responsibilities
Affluent Suburb 30 Miles from NYC
$12,182,0005.50% CAP
- 17+ years guaranteed NNN rent by Walgreens
- VERY STRONG reported sales volumes
- Just 30 miles north of Manhattan
- Affluent area with $149,000 Avg Household Income
- 123,000 residents within 5 miles
- At the gateway to the charming Village of Nyack, which Travel & Leisure magazine recently called “the perfect weekend getaway”
- Easy access from multiple major highways—serving the most heavily populated region in the country
Affluent Chicago with Proven Sales
$12,157,0005.75% CAP
- New construction 20 year net lease
- Top performing relocation store with proven history of 20+ years of outstanding sales performance
- Just 15 miles from downtown Chicago and 5 miles from O’Hare International Airport
- Affluent area: $132,466 Avg. Household Income
- Dense, infill location: 153,134 residents within three mile radius
- High traffic site sees over 25,000 cars per day
Roseville, Minnesota
$11,890,0005.55% CAP
- 22 years of guaranteed income
- Proven record of 20+ years of high sales volume
- New construction on same site as old store
- Just 10 miles from downtown Minneapolis
- Dense neighborhood with 80,000 people in 3 miles
- Important strategic location for Walgreens
- Zero management responsibilities
Metro New York
$11,620,0005.75% CAP
- Prime New York Metro real estate
- Very affluent Westchester County
- Brand new with 25 years of guaranteed cash flow
- Avg. HH Income ~$138,000
- Strong population density (19,655 people in 1 mile)
- Important strategic location for Walgreens
- 10 x 5 year option structure
New York
$11,455,0006.40% CAP
- Prime New York Metro real estate
- Mature suburb of New York City
- 24+ years of guaranteed cash flow
- Located in affluent Westchester County
- High incomes ($102,939 Avg HH Income)
- Dense population (18,832 people in 1 mile)
- Important strategic location for Walgreens
Anchorage, AK
$11,364,0005.50% CAP
- True NNN lease with 18 years guaranteed rent
- Strong reported sales volumes and no national pharmacy competition from CVS or Rite Aid
- Nearby retailers include: Home Depot, McDonald’s, Fred Meyer, Carrs, Carl’s Jr., AT&T and others
- Alaska has no state income tax
- 49,412 cars per day at intersection
- Walgreens corporate credit guarantees the rent
Orange County, New York
$11,300,0005.10% CAP
- 21+ Year NNN with extremely rare rent increases in primary term
- Store is well positioned at a high traffic crossroads known as the “Five Corners” intersection of NY 32 and NY 94; over 30,000 cars per day
- Neighboring tenants include: McDonalds, AutoZone, Advance Auto, Dunkin’ Donuts, Wendy’s, Bank of America, First Niagra Bank, and others...
- True NNN lease with no management responsibilities
- Walgreens corporate, investment grade credit guarantees the rent
Anchorage, Alaska
$11,207,0005.30% CAP
- True NNN lease with 22+ years guaranteed rent
- Strong reported sales volumes and no national pharmacy competition from CVS or Rite Aid
- Affluent demographic with $121,556 Avg HH Income
- Growing market has seen population growth 50% above national average
- Nearby retailers include: McDonald’s, Starbucks, Pizza Hut, Taco Bell, SUBWAY, AutoZone, O’Reilly Auto Parts, Carl’s Jr., Arby’s and others
- Alaska has no state income tax
- Walgreens corporate credit guarantees the rent
California
$11,060,0005.75% CAP
- Prime San Francisco Bay Area real estate
- Very difficult to develop in Santa Cruz
- Brand new with 25 years of guaranteed cash flow
- Dense urban infill location (24,535 people in 1 mile)
- Important strategic location for Walgreens
Tallahassee, Florida
$10,850,0005.15% CAP
- Fresh 25 Year NNN Lease
- Main & Main location (over 67,000 cars per day)
- Dense population; 100,000 people within 3 miles
- Four blocks north of Florida State Capitol
- Four blocks east of Florida State University
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
Ann Arbor, Michigan
$10,800,0005.85% CAP
- ~18 Year NNN with extremely rare rent increase in primary term (3 years from now)
- Rare rental increase at every 5 year option period
- Just two miles from University of Michigan and Michigan Stadium
- Non-recourse loan generates 7% return on cash with $4.9MM cash down ($346,774 net annual cash flow)
- 50,000 cars per day at intersection
- Well positioned in major retail corridor
- True NNN lease with no management responsibilities
- Walgreens corporate, investment grade credit guarantees the rent
Miami, FL
$10,185,0005.40% CAP
- True NNN lease with ~16 years guaranteed rent
- Strong reported sales volumes
- Extremely dense, urban infill with 37,045 residents within one mile
- 31,050 cars per day at intersection
- Neighboring retailers include: Publix Super Market, Dollar Tree, Taco Bell, T-Mobile, Planet Fitness, Valsan, SUBWAY, MetroPCS, Marathon Gas, etc.
- Florida has no state income tax
- Walgreens corporate credit guarantees the rent
West Coast Long Term NNN
$10,000,0005.65% CAP
- True NNN lease with 18 years guaranteed rent
- Surrounded by Big Box Retailers: Walmart, Staples, Fred Meyer, and Bi-Mart
- 32% of nearby residents are 65+ years of age
- Less than 1 mile from Mercy Medical Center, a 174 bed hospital with 1,000 employees
- Busy, high trafc, hard corner location sees nearly 50,000 cars per day
- Excellent access with two points of ingress and egress
- Full guarantee by Walgreens corporation
15 Year NNN in Affluent Seattle Suburb
$9,681,0005.75% CAP
- 15 years guaranteed NNN rent
- 30 miles north of downtown Seattle
- High barriers to entry market with minimal commercially zoned land available for development
- Washington State has no state income tax
- Affluent area with $108,331 Avg Household Income
- 117,166 residents within 5 miles
- True NNN lease with no landlord responsibilities
- Full guarantee by Walgreens corporation
Concord, New Hampshire
$9,520,0005.40% CAP
- 17+ Year NNN with rent increases in primary term
- Store is well positioned along high traffic arterial road, in between two large shopping centers with big box tenants including: The Home Depot, Target, Best Buy, Lowe’s, Staples and others
- Established record of strong reported sales history
- Very important strategic location with CVS across the street
- True NNN lease with no management responsibilities
- Walgreens corporate, investment grade credit guarantees the rent
Austin, TX
$9,500,0006.65% CAP
- 16+ years guaranteed rent
- 15% growth forecasted over next 5 years
- Austin-Round Rock ranks No. 1 “Best Places to Live” by U.S. News & World Report for 3 years in a row
- Surrounded by rooftops and neighborhoods that are under-served by retail
- True NNN lease with no landlord responsibilities
- Texas has no state income tax
- Full guarantee by Walgreens corporation/span>
Middleton, Massachusetts
$9,260,0005.40% CAP
- 20 years firm remain on NNN Lease
- Just 19 miles north of downtown Boston
- Affluent demographic; Avg HH Income $113,390
- Dense population; 100,000 people within 5 miles
- Located on Main Street
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero management responsibilities
11+ Year Midwest Net Lease
$9,225,0006.00% CAP
- Located in Dense Retail Area
- Affluent Area: Avg. HH Incomes Over $145,000
- Preferred 5-Year Option Structure
- Full Walgreens Corporate Guarantee
New York
$9,155,0005.75% CAP
- Prime New York Metro real estate
- 40 miles from downtown Manhattan
- Half way out to the Hamptons on Long Island
- Outparcel to Walmart
- 20+ years of guaranteed cash flow
- $100,967 Average HH Income
Minneapolis, Minnesota
$9,035,0005.7% CAP
- 19+ Year NNN completed August 2015
- Relocation of long established, high sales volume store; offers investor additional security in longevity of site
- Dense, urban infill location, with 19,003 residents living within a one mile radius
- Walgreens dominates the Minneapolis market and has minimal competition from CVS and there are ZERO Rite Aids in Minneapolis
- Walgreens corporate guarantees the rent
- Investment grade credit
- True NNN lease with no management responsibilities
Best Value -- High Yield with Long Term
$8,999,0006.40% CAP
- Prime, affluent, first-ring suburb immediately west of Minneapolis
- ~ 16 years of guaranteed cash flow
- Affluent demographic with $101,908 average household income
- 29,000 cars per day at intersection
- Dense urban infill location (94,174 people in 3 miles)
- Investment grade Walgreens corporate credit and guarantee
- Two tenant deal offers rent increases and some upside in the near-term
Seattle, Washington
$8,842,0004.75% CAP
- Rarely available national pharmacy in urban core
- ~17 years of $420,000 in guaranteed NNN income
- Infill neighborhood with 68,675 residents in one mile
- Monthly rent guaranteed by full faith & credit of $18 Billion corporate net worth of combined Walgreens / Boots Alliance
Midlothian, Illinois
$8,720,0005.40% CAP
- Very high sales volumes (150% of average)
- 19+ years of firm lease term remain
- Just 22 miles south of downtown Chicago
- Dense population with 251,737 people in 5 miles
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero management responsibilities
Oregon
$8,695,0006.5% CAP
- Very rare West Coast Walgreens
- Great corner with over 60,000 cars per day
- Retirement community; ideal Walgreens customers
- Off the I-5, roughly in between Medford & Eugene
- Important strategic location for Walgreens
- Lease and rent start August 2011
New England Long Term NNN
$8,640,0006.25% CAP
- ~17 years of $540,000 NNN rent guaranteed
- One of the longest terms still available today
- Approximately 90 miles north of Boston
- Main & Main location sees 25,890 cars per day
- Out positions the CVS/pharmacy in this market
- Aging population of ideal pharmacy customers (18.1% of population is 65 or older)
- Drive-thru pharmacy
- Walgreens corporate credit guarantees the rent
Philadelphia, Pennsylvania
$8,610,0005.25% CAP
- Proven, performing store with 15 years of reported sales history
- ~15 years of guaranteed rent from NN lease
- Dense, urban infill location
- Over 60,000 residents live in one mile radius
- Likely a “forever” Walgreens location
- NN lease with minimal landlord responsibilitie
Maine
$8,504,0006.35% CAP
- Prime New England real estate
- 25 years of guaranteed cash flow
- Important strategic location for Walgreens
- Approximately 30 miles southwest of Portland
- Approximately 90 miles north of Boston
Salt Lake City, Utah
$8,500,0005.00% CAP
- Just 20 minutes south of Salt Lake City
- Affluent community with Average Household Incomes in excess of $110,000
- ~ 20 years of firm lease term
- Hard corner, free-standing building with drive-thru
- Strong retail trade area and neighboring office parks
- Proven location with five year operating history
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero landlord responsibilities
Alaskan Long Term NNN
$8,469,0006.40% CAP
- True NNN lease with ~15 years guaranteed rent
- Strong reported sales volumes and no national pharmacy competition from CVS or Rite Aid
- Nearby retailers include: Walmart Supercenter, Fred Meyer, Krispy Kreme, Taco Bell, Arby’s and others
- Alaska has no state income tax
- Rarely found combination of $100,000 Avg Household Income and 100,000+ residents
- Walgreens corporate credit guarantees the rent
Mobile, Alabama
$8,255,0005.50% CAP
- 21+ years of $454,000 NNN rent guaranteed
- Across the street from the highest grossing CVS in the Mobile, AL market
- All growth is moving west toward this location
- High traffic intersection with 31,406 vehicles per day
- Walgreens corporate guarantees the rent
- Investment grade credit
- True NNN lease with no management responsibilities
Midwest 14+ Year NNN
$8,200,0005.50% CAP
- Extremely Strong Store Sales
- Affluent Area: Incomes of $146k+
- Relocation Store/Strategic Location for Walgreens
- Preferred 5-Year Option Structure
- NNN Walgreens
- Rent Guaranteed by Walgreens
Bartlett, Illinois
$7,980,0005.00% CAP
- One of the last new 25 year NNN leases
- Affluent suburb of Chicago; 30 miles west
- Avg Household Income $117,078
- Over 60,000 people within 3 miles
- Relocation of an existing store to freestanding corner
- Delivers to Walgreens in April
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero cost exposure
Fayetteville, Arkansas
$7,910,0005.50% CAP
- 18+ years of guaranteed NNN rental income
- Projected to be a high sales volume store
- Just 2.5 miles from the University of Arkansas
- Stable market with Walmart corporate HQ nearby
- Important strategic location for Walgreens
- Zero management responsibilities
Washington DC Metro
$7,780,0005.40% CAP
- New construction 25 Year NNN Lease
- Washington DC Metro; 49 miles south
- Affluent demographic; Avg HH Income $118,250
- 45,000 people within 3 miles
- 30,000 cars per day at intersection
- Under construction for delivery February 2014
- Rare option structure (every 5 years past 25)
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero management responsibilities
Pawtucket, Rhode Island
$7,764,0005.40% CAP
- True NNN lease with ~20 years guaranteed rent
- Proven, performing location with established sales record of ~5 years
- Just 6 miles north of downtown Providence
- Retail neighbors include TD Bank, Super Stop & Shop, Dunkin’ Donuts, Wendy’s, and Advance Auto Parts
- True NNN lease with zero landlord responsibilities
- Walgreens corporate credit guarantees the rent
San Francisco Bay Area
$7,750,0005.40% CAP
- 25 years of guaranteed income
- Brand new construction of latest WAG prototype
- Caddy corner to new Walmart Supercenter
- Open and paying rent; available for immediate sale
- Over 31,000 cars per day at intersection
11+ Year NNN in Arkansas
$7,676,9086.50% CAP
- Absolute NNN Lease - No Landlord Responsibilities
- Strategic Location - 5 Miles From Downtown Little Rock, AR
- Affluent Demographics, Avg. HH Incomes Almost $100K
- High Traffic Corner - VPD Over 26,000
- Backed by Full Walgreens Corporate Guaranty
Youngsville, Louisiana
$7,570,0005.35% CAP
- High growth area with oil & gas resources
- 22 years of firm lease term remain
- Population and household growth rate is more than DOUBLE the National and State averages
- Affluent area with Avg Incomes of $90,686
- Preferred five-year option structure
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero management responsibilities
Milwaukee, Wisconsin
$7,400,0005.00% CAP
- 20 Year NNN
- Relocation of a high sales volume store
- Great corner with over 53,000 cars per day
- “Main & Main” location with great retail trade area
- West Bend is a relatively affluent suburb
- Off the I-45, just 20 miles from Milwaukee
- Important strategic location for Walgreens
- Zero management responsibilities
13+ Year NNN in Mississippi
$7,347,0006.125% CAP
- Rent Guaranteed by Walgreens Corporate
- Strategic Location for Walgreens
- Very Strong Sales
- True Triple Net - No Landlord Responsibilities
Long Island New York
$7,273,0005.5% CAP
- ~ 15 years of guaranteed rent from NN lease
- Proven, profitable location as evidenced by Walgreens recent 13 year lease extension
- Affluent area with $154,433 Average Household Income
- Densely populated with 85,000+ residents in 3 miles
- Nearby retail anchors include The Home Depot, Old Navy, and Kmart
Prime Southern California
$7,690,0006.50% CAP
- True NNN lease
- 15+ year operating history and track record
- Dense, urban infill with 111,000+ residents within three miles
- Affluent area $103,118 Average Household Income
- High traffic intersection with 56,588 cars per day
- Strong retail trade area includes: Target, Trader Joe’s, Home Depot, Walmart, Costco, Lowe’s and others
- Walgreens corporate credit guarantees the rent
Minneapolis, Minnesota
$7,230,0005.25% CAP
- 19+ Year NNN completed August 2015
- Relocation of long established, high sales volume store; offers investor additional security in longevity of site
- Dense, urban infill location, with 18,294 residents living within a one mile radius
- Walgreens dominates the Minneapolis market and has minimal competition from CVS and there are ZERO Rite Aids in Minneapolis
- Walgreens corporate guarantees the rent
- Investment grade credit
- True NNN lease with no management responsibilitiesDeerfieldPartners
Western States NNN in High Growth Area
$7,150,0005.42% CAP
- 18+ Year NNN in high growth area in Western States
- Mountain View Hospital just down the street
- Store is well positioned at “Main and Main” intersection
- No competition from CVS/pharmacy in town
- Utah has the 4th highest growth in the country, and store is located in the fastest growing county in Utah
- True NNN lease with no management responsibilities
- Walgreens corporate, investment grade credit guarantees the rent
Memphis, Tennessee
$7,130,0005.50% CAP
- 19 Year NNN built just one year ago
- Relocation of two existing stores to a superior location with a strong retail presence
- Corner anchored by national retailers including: Walmart Neighborhood Market, Kroger, McDonald’s, Regions Bank, Taco Bell, KFC, and Little Caesars Pizza
- CVS/pharmacy competed for this site
- True NNN lease with no management responsibilities
Russellville, Arkansas
$7,110,0005.60% CAP
- 23.5 years of income guaranteed by WAG
- Available for immediate sale for 1031 deadline
- New construction of latest WAG prototype
- 137 bed hospital down the street
- No other national drugstore competition in town
- Strong sales as Walgreens bought out USA Drug
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero management responsibilities
Franklin, WI
$7,000,0006.00% CAP
- 17 years guaranteed NNN rent
- Across the street from Ballpark Commons, a $180MM mixed-use development
- Just 13 miles from downtown Milwaukee
- 37,600 cars per day at intersection
- Solid retail trade area, as well as nearby medical offices
- Affluent community with $127,013 in Average Household Incomes
- True NNN lease with no landlord responsibilities
- Full guarantee by Walgreens corporation
16+ Year NNN With Rare Full Liquor Store
$6,957,0005.75% CAP
- 16+ years guaranteed NNN rent
- Just 7 miles from downtown Santa Fe
- Situated on busy Airport Rd. — 28,000 cars per day
- 16% of residents are seniors, age 65+
- True NNN lease with no landlord responsibilities
- Full guarantee by Walgreens corporation
11+ Year East Coast NNN
$6,948,2346.40% CAP
- Less Than a Mile From the World Famous Oakmont Country Club
- Affluent Demographics, Average HH Incomes Almost $100k
- Excellent Store Sales History
- Absolute Net - No Landlord Responsibilities
- Strategic Location for Walgreens - Just 10 Miles from Downtown Pittsburgh
- Full Walgreens Guaranty
NNN in Mountain West
$6,917,0006.00% CAP
- 14+ years guaranteed rent
- True NNN lease with no landlord responsibilities
- Mountain West property always in demand
- Just one mile from main hospital in town
- Aging demographic is ideal Walgreens customer ~26% of 1 mile population is 65+ years of age
- Other national retailers in area include: McDonald’s, Safeway, Verizon, ACE Hardware, Pizza Hut, Taco Bell and others...
- Full guarantee by Walgreens corporation
11+ Year East Coast NNN
$6,846,1386.50% CAP
- 11+ Years Remaining
- Solid Store Sales History
- Absolute Net - No Landlord Responsibilities
- Great Density & Affluent Demographics
- Strategic Location for Walgreens
- Full Walgreens Guaranty
13+ Year NNN Walgreens — Top 1% Store!
$6,818,1815.50% CAP
- *Reported Sales are over $4.1mm!
- Absolute Net Lease - Zero Landlord Responsibilities
- 24 Hour Store
- Affluent Area: Avg. HH Incomes Near $100k
- Excellent Traffic Counts
- Full Walgreens Corporate Guarantee
15 Year NNN in Ohio
$6,762,0005.25% CAP
- 15 years of NNN rent guaranteed by Walgreens
- Relatively low rent and price point
- “Main & Main” location with neighboring retailers including: McDonald’s, Chase Bank, Hampton Inn, Rite Aid Pharmacy, FirstMerit Bank, Buffalo Wild Wings, Domino’s Pizza, etc.
- Located 8 miles west of Canton, Ohio
- True NNN with no cost exposure
Alabama
$6,670,0006.00% CAP
- 25 years of guaranteed income
- Brand new construction of latest WAG prototype
- Aging population ideal customer segment
- This is the second Walgreens store in Cullman
- Over 20,000 cars per day at intersection
Rare Long-Term NNN, Tax-Free State
$6,655,0005.50% CAP
- 16+ years guaranteed rent
- Centrally located in middle of primary retail trade area in town
- Less than 1/2 mile from Medical Center
- Aging demographic is ideal Walgreens customer ~22% of 1 mile population is 65+ years of age
- Other national retailers in area include: Tractor Supply Co., McDonald’s, AutoZone, Lowe’s and others...
- True NNN lease with no landlord responsibilities
Wheaton, Illinois
$6,589,0005.25% CAP
- 17+ Year NNN built just a few years ago
- Affluent community with average household incomes in excess of $100,000
- Corner anchored by national retailers including: Target, Kohl’s, Chase Bank, McDonald’s, Chipotle, Dunkin’ Donuts, etc.
- Unusually low rent and price point given the high quality of the dirt and location
- Walgreens corporate guarantees the rent
- Investment grade credit
- True NNN lease with no management responsibilities
Memphis, Tennessee
$6,578,0005.75% CAP
- NO state income tax
- 22+ years of guaranteed cash flow
- Relocation of existing store
- Rare 5 year option structure
- Open and paying rent, perfect for 1031 exchanges
- Kroger anchored, high profile intersection
- Important strategic location
- Dense population with 60,000 people in 3 miles
- True NNN lease with zero management responsibilities
Mountain West NNN
$6,567,0005.75% CAP
- 17 Year Absolute Net Lease NNN
- Excellent Demographics - Average Income $93k+
- High Traffic Area - High School and University Campuses Nearby
- Strategic Location - Closest Drugstore Competitor 4+ Miles Away
- Walgreens Corporate Guaranty
18+ Year NNN in Texas
$6,520,0005.75% CAP
- 18+ years guaranteed rent
- True NNN lease with no landlord costs
- Texas has no state income tax
- Store is literally on “Main Street”
- Across from a VERY busy H-E-B Grocery
- State of Texas population projected to grow 200% of the national average
- Full guarantee by Walgreens corporation
Massillon, Ohio
$6,514,000 5.45% CAP
- 19 Year NNN built just one year ago
- Relatively low rent and price point
- “Main & Main” location with neighboring retailers including: McDonald’s, Chase Bank, Hampton Inn, Rite Aid Pharmacy, First Merit Bank, Buffalo Wild Wings, Domino’s Pizza, etc.
- Located 8 miles west of Canton, Ohio
- Zero management responsibilities
10 Year NNN in Texas
$6,439,0006.15% CAP
- True NNN lease with ~10 years guaranteed rent
- Dense population with ~ 103,269 residents within three miles of store
- True hard corner location in front of a Walmart Supercenter
- High growth area (second only to Austin)
- Senior living community and senior center nearby (15% of one mile residents are age 65 or older)
- High traffic corner sees 63,430 cars per day at intersection
- 5 year option structure
Colorado
$6,435,0005.75% CAP
- Highly desirable resort town Walgreens
- Best corner in town
- Amazing it was approved after 3 year fight with planning
- Brand new with 24+ years of guaranteed income
- Very high barriers to entry
- Important strategic location for Walgreens
- Preferred 10 x 5 year option structure
Connecticut
$6,420,0006.00% CAP
- Prime New England real estate
- 25 miles west of Providence, Rhode Island
- 22+ years of guaranteed cash flow
- $74,488 Average HH Income in 1 Mile
- Great retail trade area with national retailers: Target, Lowe’s Home Improvement, Staples, Stop & Shop, Bed Bath and Beyond, Petco, and Starbucks
Pittsburgh, Pennsylvania
$6,400,0006.00% CAP
- True NNN lease with ~17 years guaranteed rent
- 44,635 vehicles per day at intersection
- Neighbors at intersection include CVS/pharmacy, McDonald’s, and Dollar Tree
- Dollar Tree was just developed adjacent to property
- Just 18 miles from downtown Pittsburgh
- True NNN lease with zero landlord responsibilities
- Walgreens corporate credit guarantees the rent
Long-Term in Tennessee
$6,365,0005.75% CAP
- 17+ years guaranteed rent
- Centrally located in middle of primary retail trade area in town
- Less than 1/2 mile from Medical Center
- Aging demographic is ideal Walgreens customer ~22% of 1 mile population is 65+ years of age
- Other national retailers in area include: Tractor Supply Co., McDonald’s, AutoZone, Lowe’s and others...
- True NNN lease with no landlord responsibilities
- Tennessee has no state income tax
- Full guarantee by Walgreens corporation/li>
Midwest Long Term NNN
$6,350,0006.14% CAP
- Absolute NNN Lease With Guarantee
- Affluent Area With $100k+ Avg HH Incomes
- Preferred 5-Year Options
- Strong Retail Area With The Home Depot, Meijer Market, and Many Others
- Adjacent to Nursing Home and Senior Living Facilities
- Long Term NNN Walgreens
California 12-Year NNN
$6,285,0005.25% CAP
- 12+ Years of NNN Rent
- Affluent Area With $97,527 Avg Household Income
- 150,040 Residents Within 5 Miles
- Neighbors the Westlake Community of 3500 Residents
- 9 Miles to Next Nearest Walgreens; 3 Miles to Nearest CVS
- Rent Guaranteed by Walgreens Corporate Credit
- Superior 5-Year Option Structure
Connecticut
$6,285,0007.0% CAP
- Proven performing Walgreen
- Reported sales are well above average
- Desirable New England location
- 10 years firm term remain on NNN lease
- Rare higher yield opportunity on NNN lease
Stratford, Connecticut
$6,273,0005.00% CAP
- Walgreens just committed for an additional 20 years, after already operating at this location for the past 20 years
- True hard corner with drive-thru
- 35,922 cars per day at intersection
- Dense population with 23,000 people in 1 mile
- Preferred five-year option structure
- Walgreens corporate guarantee (NYSE:WAG)
- True NNN lease with zero management responsibilities
Boston Metro
$6,271,000 6.37% CAP
- Proven, performing store with 18 years of reported sales history
- Dense, urban infill location
- Store is just 5 miles from downtown Boston
- Over 440,000 residents within three mile radius
- Likely a "forever" Walgreens location
- NN lease with minimal landlord responsibilities
12+ Year NNN in Tax-Free State
$6,218,1815.50% CAP
- Tax-Free State
- Affluent Area: Avg. HH Incomes approaching $100k
- Strategic Location for Walgreens - CVS Right Across the Street
- Long Term NNN Lease
- Rent Guaranteed by Walgreens Corporate
15 Year NNN in Midwest
$6,174,0005.75% CAP
- 15 years of NNN rent guaranteed by Walgreens
- Relatively low rent and price point
- “Main & Main” location with neighboring retailers including: McDonald’s, Chase Bank, Hampton Inn,Rite Aid Pharmacy, FirstMerit Bank, Buffalo Wild Wings, Domino’s Pizza, etc.
- Located 8 miles west of Canton, Ohio
- True NNN with no cost exposure
Shawnee, Kansas City
$6,170,0005.40% CAP
- True NNN lease with ~18 years guaranteed rent
- Proven, performing location with established sales record of ~6 years
- True hard corner with high traffic counts (42,103 vehicles per day at intersection)
- Affluent suburb just 12 miles from downtown Kansas City
- True NNN lease with zero landlord responsibilities
- Walgreens corporate credit guarantees the rent
13+ Year Midwest NNN
$6,110,0006.25% CAP
- ~ 30 miles to downtown Kansas City
- Excellent demographics
- Strategic location for Walgreens (CVS across the street)
- Only Walgreens for 14+ miles
- Full Walgreens Corporate Guaranty
Malden, Massachusetts
$6,000,0007.00% CAP
- Rare New England Walgreens
- Dense, urban infill
- Almost 500,000 people within 5 miles
- Important strategic location for WAG
- NN Lease
- 6+ years remaining on firm lease term
- 8 x 5 year options
Wisconsin
$6,000,0006.00% CAP
- 20 years of guaranteed income
- 5 years of established sales performance
- Just 6 miles from downtown Madison
- Dense neighborhood with 15,000 people in 1 mile
- Avg HH Incomes up around $75,000
- Important strategic location for Walgreens
Boston Suburb
$5,865,0005.00% CAP
- Walgreens just committed for an additional 20 years, after already operating at this location for the past 20 years
- True hard corner
- 40,997 cars per day at intersection
- Infill location with 30,481 people in 1 mile
- Preferred five-year option structure
- Walgreens corporate guarantee (NYSE:WAG)
- True NNN lease with zero management responsibilities
Southern California
$5,860,0007.0% CAP
- Rare opportunity to buy Southern California Walgreens above a 7% CAP
- 230,000 people within 5 miles
- NN Lease
- 10+ years remaining on firm lease term
- Sales well above average
- Store is a top performer in this market
Massachusetts
$5,805,0007.5% CAP
- Best corner in town
- Anchored by a Walmart; opposite Target center
- Leasehold provides for 100% depreciation***
- Cross Rd is the main access for UMass Dartmouth
- Lease and rent start June 2011
Dense Population & High Income -- Kansas City Suburb
$5,791,0005.75% CAP
- Rare combo of dense population and high incomes
- Over 100,000 people within 3 miles
- Average HH Incomes > $80,000
- Growing suburb of Kansas City
- Low rent and purchase price
- 15 years remaining on firm lease term
- Zero management responsibilities
NNN Walgreens, Tax-Free State
$5,707,0006.00% CAP
- Rare Long Term Florida Walgreens
- Tax Free State
- Excellent Corner - Highest Traffic Counts in Entire MSA
- Triple Net Lease
- Walgreens Corporate Credit Guarantees the Rent
- Strategic Location for Walgreens
Wisconsin
$5,700,0006.50% CAP
- Relocation of a high sales volume store
- Great corner with over 53,000 cars per day
- "Main & Main" location with great retail trade area
- West Bend is a relatively affluent suburb
- Off the I-45, just 30 miles from Milwaukee
- Important strategic location for Walgreen
12+ Year NNN in Cincinnati MSA
$5,679,9846.25% CAP
- Unique Kroger Co-Branding, One of Only 13 in Pilot Program - Driving Sales Up by 20% in Last Few Years
- Absolute Net Lease - Zero Landlord Responsibilities
- Strategic Location for Walgreens - Just 12 Miles From Downtown Cincinnati, OH
- Strong Traffic Counts: 29,000 VPD
- Shadow Anchored by a Walmart Supercenter
- Full Walgreens Corporate Guaranty
Affluent Community -- $109,539 Avg HH Income
$5,650,0006.00% CAP
- True NNN lease with 14 years guaranteed rent
- 12 miles north of Syracuse University
- Affluent community with $109,539 Average Household Income
- True hard corner location with easy access
- No CVS in town; parking lot busier than Rite Aid
- Modern prototype design with drive-thru
- Full guarantee by Walgreens corporation
South Carolina
$5,650,0006.25% CAP
- Requires just $2,000,000 down
- Existing loan MUST BE ASSUMED
- Fixed rate of interest and return for 9+ years
- $110,338 in annual net cash flow after debt service
- 2 blocks from regional medical center
Richmond, Rhode Island
$5,640,0007.00% CAP
- $7,900,000 in cash flow guaranteed by Walgreens
- Walgreens ceased operations at this location
- Loan can be assumed or bought free & clear
- Non-recourse loan assumption requires $2M down
- Loan produces $120,000 net income (6% return on cash)
- Affluent area with Avg HH Income of $84,482
- Less than 30 miles to Providence, RI
- This location is immediately off Interstate 95
Milwaukee Metro NNN
$5,600,0005.50% CAP
- Proven location with lease recently extended
- 15.5 years of guaranteed rent from NNN lease
- Just 14 miles south of downtown Milwaukee
- Strong demographics with $84,928 Avg Household Income and 88,859 residents within 5 miles
- No other national drugstore competition in area; closest CVS is 3.4 miles away
- Walgreens corporate guarantee (NYSE:WAG)
- True NNN lease with no management responsibilities
Troy, Ohio
$5,600,0006.00% CAP
- Open & paying rent--available for immediate sale
- Lower price point and great value
- Offered free & clear; loans available today with as little as $1,400,000 cash down
- Dense population with ~9,500 people in 1 mile
- Preferred five-year option structure
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero management responsibilities
Boston Metro
$5,475,0007.40% CAP
- Excellent trade area featuring Walmart, Lowes, Sears, Dick’s Sporting Goods and other national retailers
- Dense population with ~100,000 people in 3 miles
- Solid urban site with 20,000 vehicles per day
- Free-standing building with drive-thru
- Preferred five-year option structure
- Low annual rent compared to other Walgreens deals
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- Standard NN lease with minimal landlord responsibilities
Clinton, Tennessee
$5,475,0006.30% CAP
- True NNN lease with ~11 years guaranteed rent
- Tennessee has no state income tax
- High traffic corner sees 23,900 cars per day at intersection
- Requires only ~$1.58M cash down; in-place loan MUST be assumed (8+ years remain on loan)
- Returns $1,461,138 to investor over life of loan
- Generates $91,118 in net annual cash flow after debt service
- NNN has no landlord responsibilities
- Walgreens corporate credit guarantees the rent
Colorado Springs, Colorado
$5,464,0007.75% CAP
- Very rare Mountain West Walgreens
- Stong Sales Performance
- Established neighborhood with new growth
- Low rent and purchase price
- ~10 years of remaning lease term
Absolute Net - Winston-Salem
$5,448,695 without debt 5.75% CAP
$5,221,667 with buyer assuming debt6.00% CAP
- Affluent Location - Incomes $120,000 Within One Mile
- Zero Landlord Responsibilities
- Preferred 5-Year Option Structure
- Strategic Location - CVS Just Down the Street
- Hard Corner with Excellent Access
- Full Walgreens Corporate Guaranty
Gold Canyon, AZ
$5,445,0006.75% CAP
- ~5 Years remaining on true NNN lease
- 65% of the population is age 55 or older
- Reported store sales are above average
- Gold Canyon Arizona is a newer, well maintained unincorporated city in Pinal County about 45 minutes east of the Phoenix Sky Harbor airport
- True NNN lease with no management responsibilities
- Walgreens (NASDAQ:WBA) corporate guarantees the rent
10+ Year NNN in Tax-Free State
$5,416,6506.00% CAP
- 10+ Years Remaining
- Solid Store Sales History
- Absolute Net - No Landlord Responsibilities
- Early Extension Shows Commitment to the Store
- Strategic Location for Walgreens
- Full Walgreens Corporate Guaranty
Long-Term NNN in Ohio
$5,402,0006.00% CAP
- 14+ years guaranteed rent
- Around the corner from “The Strip” an 800,000 square foot power retail center with a “who’s who” of retail tenants
- Centrally located corner with excellent access
- Neighbored by various medical offices
- Aging demographic is ideal Walgreens customer ~20% of 1 mile population is 65+ years of age
- True NNN lease with no landlord responsibilities
- Full guarantee by Walgreens corporation
South Carolina
$5,385,0006.50% CAP
- Requires just 21% down = $1,135,000
- Generates almost 8% return on cash
- Interest only loan MUST BE ASSUMED
- Very strong retail trade area with national tenants
- Dense population with 40,000 people in 3 miles
Houston, Texas
$5,325,0006.25% CAP
- True NNN lease with ~10 years guaranteed rent
- 11 miles East of downtown Houston
- Densely populated neighborhood
- Proven location with consistent sales reports
- True hard corner location with easy access
- Double lane drive-thru
- Spaced 2+ miles from next closest Walgreens
- Full guarantee by Walgreens corporation
Nashville Metro NNN
$5,240,0005.50% CAP
- In the heart of a dynamic retail trade area including Walmart, Lowe’s Home Improvement and Publix
- ~15 years of guaranteed rent from NNN lease
- 35 minute drive south of downtown Nashville
- Affluent area with $107,266 Avg Household Income
- True NNN lease with no management responsibilities
Missouri
$5,205,0006.4% CAP
- Rare combo of dense population and high incomes
- Over 100,000 people within 3 miles
- Average HH Incomes > $80,000
- Rapidly growing suburb of Kansas City
- Low rent and purchase price
- 23.5 years remaining on firm lease term
Midwest 11+ Year NNN
$5,100,0006.75% CAP
- Long Term NNN Lease
- Affluent Area: Avg HH Incomes of $97,000
- Just Off Route 30 With 38,000 Cars Per Day
- Preferred 5-Year Option Structure
- Rent Guaranteed by Walgreens Corporate
Densely Populated -- 30 Miles from Chicago
$4,999,9997.00% CAP
- True NNN lease with ~9 years guaranteed rent
- 30 miles South of downtown Chicago
- Densely populated neighborhood
- Proven location with consistent sales reports
- True hard corner location with easy access
- Double lane drive-thru
- Spaced 2+ miles from next closest Walgreens
- Full guarantee by Walgreens corporation
Boston Suburb
$4,967,0005.00% CAP
- Walgreens just committed for an additional 20 years, after already operating at this location for the past 20 years
- True hard corner with drive-thru
- 33,061 cars per day at intersection
- Infill location with 44,000 people in 1 mile
- Preferred five-year option structure
- Walgreens corporate guarantee (NYSE:WAG)
- True NNN lease with zero management responsibilities
Midwest 13 Year NNN
$4,900,0006.50% CAP
- Affluent Area: HH Incomes of $100K Within 1 Mile
- 24% of Residents Within 1 Mile Are Age 65+
- Situated on Busy Elm Street With 18,000 Cars Per Day
- Rent Guaranteed by Walgreens
Tewksbury, Massachusetts
$4,895,0006.41% CAP
- Walgreens already in option periods making this a “forever” location
- Proven, performing store with 20 years of reported sales history
- Affluent area with $115,721 Avg Household Income
- Over 118,000 residents within five mile radius
- NN lease with minimal landlord responsibilities
Washington
$4,895,0007.60% CAP
- Urban infill with very dense population
- 18,817 people within one mile
- 210,964 people within five miles
- Washington has no state income tax
- 9+ years of firm term remain
Phoenix, Arizona
$4,675,0005.40% CAP
- Proven, profitable location as evidenced by Walgreens recent 10 year lease extension
- ~ 13+ years of guaranteed rent from NN lease
- Densely populated with 75,000 residents in 3 miles
- Solid Phoenix location just 6 miles from Phoenix Sky Harbor Airport and Arizona State University campus
- Freestanding building with drive-thru pharmacy
- NN lease with minimal management responsibilities
Indiana
$4,565,0006.25% CAP
- Newer store with sales volumes well above average
- Walgreens has been operating at site for 25 years
- Approximately 19 years of firm lease term remaining
- Rare opportunity to purchase a fee-simple Walgreens
(i.e. dirt and building) for under $5,000,000 - Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit (S&P A+; Moody's Aa3)
- NNN lease with zero management responsibilities
Mount Prospect, Illinois
$4,510,0005.75% CAP
- Walgreens just extended lease
- High performing location
- Just 20 miles northwest of downtown Chicago
- Affluent demographic; Avg HH Income $107,022
- Dense population; 10,189 people within 1 mile
- 25,000 cars per day at intersection
- Site is just a 10 minute drive from Walgreens corporate headquarters
- Preferred option structure (every 5 years vs. 1 year)
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- NN lease with minimal management responsibilities
Idaho Long Term NNN
$4,509,6896.75% CAP
- Long Term NNN Lease
- Fast Growing Idaho Community
- Situated on Busy Yellowstone Ave.: 28,000 Cars Per Day
- Preferred 5-Year Options
- Strong Retail Area With Walmart Supercenter, Pine Ridge Mall, and Many More
- Full Walgreens Corporate Guarantee
Tyler, Texas
$4,500,0005.00% CAP
- 20 years of guaranteed income
- 11% rent increase coming in 5 years
- Ground Lease -- Land for Sale
- 90 miles east of Dallas
- No state income tax; high growth state
- Over 100,000 people within 5 miles
- Important strategic location for Walgreens
- True NNN ground lease with zero management responsibilities
Washington
$4,490,0007.55% CAP
- Buy a NNN Walgreens with just $729,000 down
- Self-amortizing loan MUST be assumed
- Zero net cash flow
- Significant principal reduction; strong equity buildup
- Reported sales are strong and above average
- 19+ years of firm lease term remaining
Martinsville, VA
$4,485,0006.35% CAP
- True NNN lease with ~12 years guaranteed rent
- Well positioned just one mile from Memorial Hospital, a 237 bed acute care facility
- MedExpress Urgent Care services on-site
- 11,000 cars per day at intersection
- True NNN lease has no landlord responsibilities
- Walgreens corporate credit guarantees the rent
True NNN with Rent Bump
$4,429,0007.00% CAP
- Highly unlikely Walgreens ever leaves this location as rent was adjusted to market and lease extended early
- Rare rent increase (10% every 10 years)
- Outstanding demographics with $114,228 in Average Household Incomes
- Densely populated with 61,683 residents within 3 miles of store
- NNN lease with zero landlord responsibility
- True hard corner location with easy access
- Drive-thru pharmacy
- Full guarantee by Walgreens corporation
Affluent Suburb of Ann Arbor
$4,399,0008.00% CAP
- 8+ years remaining on NN lease
- Rent increases scheduled every five years
- Affluent community with $100,000+ Average Household Incomes
- Ideal aging customer base for pharmacy; 16% age 65 or older
- Only national drugstore in market
- Closest CVS is 12 minutes away
- Closest Walgreens is 21 minutes away
Las Vegas Metro
$4,230,0007.00% CAP
- Rare rent increases every 5 years
- Proven, performing store at this location for 21 years
- Walgreens in first of six option periods
- No state income tax
- Aging population with 34% of residents age 65+
- No competition from national drugstores
- Just one hour from Las Vegas
Mountain West Walgreens
$4,200,0007.13% CAP
- Net Rent Guaranteed by Walgreens Corporate
- High Growth Area of Colorado Springs
- Recent Lease Extension Shows Commitment to Location
- Affluent Area: HH Incomes of $100K Within 1 Mile
- Situated on Busy Austin Bluffs Parkway: 17,000 Cars Per Day
New England Leasehold
$4,200,0006.85% CAP
- Leasehold interest is 100% depreciable
- Requires just $1,455,000 down payment
- $110,000 in net annual cash flow after debt service
- 7.5% return on cash (before 100% depreciation)
- Pure coupon clipper, no management
- Preferred 10 x 5 year option structure
- Strong retail trade area
- Important strategic location for WAG
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
Texas
$4,200,0007.25% CAP
- Proven performing Walgreens
- Walmart across the street
- Texas has no state income tax
- Customer base is 95% Hispanic
- 15 years firm term remain on NN lease
- Higher yield opportunity than on new NNN lease
Ohio
$4,166,2508.00% CAP
- Sales volumes in top 25% of all Walgreens
- Walgreens has been operating at site for 14 years
- In six years loan will be paid off; own free & clear
- 12.50% return on cash after year 6
- 6 years of firm lease term remaining
- Dense population with 118,000 people in 5 miles
Sacramento, California
$4,075,0006.50% CAP
- Leasehold interest is 100% depreciable
- 19+ years of guaranteed income
- Great hard corner in strong retail trade area
- Pure coupon clipper, no management
- Preferred 10 x 5 year option structure
- Important strategic location for WAG
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
Mountain West NNN CVS
$3,887,8005.00% CAP
- Important strategic location for CVS
- Dense, urban infill with 15,000 residents in one mile
- Largest city for 500 miles
- Explosive population growth
- Epicenter for oil & gas industries involved in the Bakken Oil Field (Largest ever in US)
- Healthcare hub for the entire region
Midwest NNN Walgreens
$3,833,3009.00% CAP
- NNN Rent Guaranteed by Walgreens
- Excellent Demographics: Avg. HH Income $104k
- Strategic Location: Multiple Medical Facilities Nearby
- Ideal Intersection Location With Drive-Thru
- Preferred 5-Year Option Structure
NN in Houston, Texas
$3,752,0006.00% CAP
- Proven, performing store with 20 years of reported sales history
- Drive-thru pharmacy in very strong retail trade area anchored by Walmart, Home Depot, Kroger, Lowe’s, Target and others
- ~5.5 years of guaranteed rent from NN lease
- Dense, urban location in solid retail trade area
- Over 15,992 residents live in one mile radius
- Likely a "forever" Walgreens location
- NN lease with minimal landlord responsibilities
New York Metro Leasehold
$3,075,0008.00% CAP
- Leasehold interest is 100% depreciable
- Reported store sales well above average
- Dense, urban infill
- Over 20,000 people within 1 mile
- Approximately 80 miles from New York City
- Important strategic location for WAG
- Approximately 8 years remaining on firm lease term
- 8 x 5 year options
Billings, MT
$2,599,0008.50% CAP
- Rare rent increases!
- Important strategic location for CVS
- Dense, urban infill with 15,313 residents in one mile
- Largest city for 500 miles
- Growing population
- Epicenter for oil & gas industries involved in the Bakken Oil Field (Largest ever in US)
- Healthcare hub for the entire region
West Haven, Connecticut
$2,550,0005.69% CAP
- Rent increases 10% in 6 years
- Just 4 miles from Yale University
- Proven location with long established sales history
- Ground lease for sale (building reverts to owner)
- True hard corner with drive-thru
- Dense population with 91,163 people in 3 miles
- Preferred five-year option structure
- Walgreens corporate guarantee (NYSE:WAG)
- Investment grade credit
- True NNN lease with zero management responsibilities
Providence, Rhode Island
$2,485,0007.25% CAP
- Proven performing Walgreens in option periods
- Dense, urban infill location with 31,366 residents within one mile of the store
- 5+ years firm term remain on lease
- Walgreens corporate guarantee
- Investment grade credit
- NN lease with minimal landlord responsibilities
- Preferred options structure (every 5 years)
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