100% Focus on Drugstores = Unmatched Results
Please be leery of the "Royal We" resume that is often touted by generalist brokers who try to compete with us. Often brokers at larger, less specialized brokerage firms, will present you with a long list of transactions that "they" have done, and try to act as if the deals done by all the brokers at the large company were done by the individual broker competing for your business...
We are among the most active and successful brokers of drugstore investment properties NNN leased to Walgreens, CVS, and Rite Aid.
Over the past decade, we have personally completed 300+ drugstore transactions totaling over $1.5 billion in aggregate value. All of these deals were personally facilitated by Art & John. In the past five months alone, we've closed 19 drugstore sales totaling $129,525,000 in value.
Below is a sample of the most recent Deerfield Partners activity.
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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