CVS For Sale

There are a number of different types of CVS properties for sale when compared to other freestanding net leased tenants.

CVS property for sale can range in square footage, tenant operations, building type, lease structure and ownership structure. These factors directly impact the value of any CVS for sale and should be considered in addition to the typical valuation factors of real estate quality and lease term remaining before the options. Some CVS for sale are zero cash flow ownership structures where the entire rental payments go to the lender to pay down the debt giving the landlord zero cash flow during the primary lease term. Many times these CVS properties for sale have a rent holiday for CVS at the end of the primary term before the lease options.

 

These zero cash flow CVS investments are valued completely differently than the typical CVS for sale. Most CVS for sale are fee simple ownership structures; however, there are some CVS for sale that are infill ground lease structures that may have increases in the primary lease term or have larger increases in the renewal option periods versus a typical CVS lease. Another ownership type that is more prevalent with CVS for sale are the leasehold ownership structures. These CVS properties have a ground owner but then also a leasehold position that can become available for sale.

 

Another differentiator between CVS properties for sale is the lease structure.

Some CVS for sale are absolute net with zero landlord responsibilities and other CVS for sale are double net with varying landlord responsibilities. Of the double net CVS property for sale some have roof, structure or parking lot responsibilities and some may have reimbursable expenses pertaining to common areas if located within a shopping center. CVS properties all have varying business operations which directly affect store profitability.

 

CVS properties for sale have a minute clinic or are 24 hour operations which are preferred by many net lease investors. Most CVS stores for sale have store operating hours until 8 PM to 10 PM. Some CVS stores may have beer, wine or liquor sales as well.These are all smaller factors that help investors value CVS for sale especially when stores sales volumes are not available to the landlord. If a CVS for sale has a few of these positive subtle differences over another CVS for sale then it provides comfort to an investor in the likelihood of CVS remaining as a tenant for years to come.

 

In addition to these factors, two main drivers in pricing of CVS property for sale are the primary lease term remaining before the renewal options and the real estate quality. CVS for sale that have over 15 years of primary lease term before the options may trade 125 basis points lower or more versus other CVS properties that have less than 5 years of lease term remaining. As with most net leased properties, the main value is the credit strength of the tenant and the lease in place but obviously all investors regardless of property type consider the real estate quality.

 

The difference with CVS for sale is that an investor must understand the backfill rent per square foot and compare that with the likelihood of CVS renewing the lease to see if they are purchasing the risk at a fair CAP rate. The factors mentioned in this article will allow any investor considering a purchase of a CVS investment a way to gauge value between one CVS for sale versus another CVS for sale when real estate quality is even. Due to these varying factors in CVS properties for sale it’s important to work with a broker who has a firm understanding of drugstore properties and who has closed a variety of CVS properties for sale.

 

Does CVS own real estate?

CVS owns some of their real estate that they have either developed internally or purchased through acquiring another pharmacy chain. Over the years, CVS has sold many locations that they developed through sale leasebacks.

 

How big is the average CVS?

CVS buildings typically range from 9,000 square feet up to 30,000 square feet. Most CVS freestanding buildings are in the 10,000 square feet to 16,000 square feet range. There are some CVS buildings, mostly in California, that are shopping center anchors or supplementary inline space that are over 20,000 square feet.

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CVS for Sale

Harwich, MA

$ 7,083,333

6.00 CAP

View details
  • This location is reporting ±$16 million is sales and has experienced year-over-year increased sales volumes which are now 30% higher versus 2020.
  • CVS has been operating here for nearly 25 years and recently extended their lease early to 15 years with 5%rental increases in the options.
  • In 2023, the Property had major capital improvements including a new roof, parking lot restripe/sealing and exterior building updates.
  • This is the only standalone national brand drugstore within a 5-mile radius.
  • Household income in a 3-mile radius of the subject property is $108,513.
  • Property to be delivered free and clear of debt. There are no rent holidays.

CVS for Sale

Charlotte, NC

$ 3,008,057

7.00 CAP

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  • CVS recently extended the lease an additional 10 years showing commitment to this location.
  • CVS closed a nearby store (3.9 Mi S) and transferred prescriptions to this location adding to customer base.
  • Monroe Road is one of the major thoroughfares heading south from Charlotte towards Matthews and connects commuters heading into Downtown Charlotte.
  • Infill Charlotte area demographics include almost 300,000 residents with an average household income of $100,609 within a 5-mile radius.
  • Signalized corner with heavy combined traffic count on N Sharon Amity and Monroe Road of over 43,000 vehicles per day.
  • Near major regional hospitals Novant Health Presbyterian Medical Center (622 beds), Atrium Health Carolinas Medical Center (874 beds) and Atrium Health Mercy (185 beds).

CVS for Sale

Bellevue, PA

$ 1,266,666

7.50 CAP

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  • Lease with CVS guarantees an income of $1,330,000 over the term.
  • This offering is for the leasehold interest on the CVS guaranteed lease.
  • In 2018, CVS exercised the remaining 4 options of the lease and has ±14 years remaining.
  • Property features a MinuteClinic branded as a HealthHub, providing customers enhanced healthcare services and shopping experience.
  • Near AGH Suburban Hospital, a 195-bed satellite facility located just 0.5 miles from subject Property.
  • Subject Property is one of only two national chain freestanding drugstores within a 3-mile radius and the only CVS north of the Ohio River within the same distance.
  • This location is open until 11 PM, which is later than any other national drugstore tenant in the neighboring 5-mile radius.
  • Bellevue is an infill suburb of Pittsburg and boasts over 207,000 residents in a 5-mile radius.

Walgreens for Sale

Tacoma, WA

$ 6,391,360

8.75 CAP

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  • In a 5-mile radius the population is 249,502 residents with an average household income of $93,968.
  • Nearby hospitals include MultiCare Tacoma General Hospital (0.5 mi NE) with 437 beds and St. Joseph Medical Center (1.4 mi SE) with 374 beds.
  • Within a 1-mile radius there are ± 220 apartment complexes with a total of ±6,200 units, with an additional 289 units coming in 2024 in the Aspire 11 six-story mixed-use project less than a mile away.
  • Located in the immediate area are The University of Puget Sound, Bates Technical College and the University of Washington - Tacoma.

Walgreens for Sale

Houston, TX

$ 6,387,096

7.75 CAP

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  • Infill Houston MSA demographics with ±500,000 people in ±189,000 residences with an average HH income of $80,0134 in a 5-mile radius.
  • Directly across the corner from an emergency room connected to the HCA Houston Hospital System.
  • Highly visible and trafficked signalized corner with a combined traffic count of ±74,416 vehicles per day.
  • There are ±37 multi-housing complexes with over 11,500 units and 15 hotels with over 1,200 rooms all within a 1-mile radius.
  • The lease operates on an absolute net leased basis and there are no landlord responsibilities whatsoever.
  • Located within Westchase Business District which is home to large corporations such as Honeywell, Chevron, Dow Chemical and Phillips 66 with ±16M square feet of office space within a 4-mile radius.

Walgreens for Sale

Augusta, ME

$ 6,347,305

8.35 CAP

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  • Two blocks north of the West Campus of Maine's State Capitol Buildings.
  • Two Government campuses totaling 1.59 million square feet within a 1-mile radius.
  • Maine General Health's Augusta Hospital is the largest private employer serving 88 cities in the region.
  • Augusta and its downtown area are Designated Opportunity Zones.

Walgreens for Sale

Carnegie, PA

$ 5,973,333

7.50 CAP

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  • Within a 3-mile radius, the average household income is $107,055 and the population is 203,469 residents in a 5-mile radius.
  • Just 8 miles southwest of Downtown Pittsburgh, a metropolitan area with a population of over 2.5 million residents.
  • Property sits adjacent to Raceway Plaza South anchored by Walmart and Lowe's and within 4.9 million square feet of retail space in a 3-mile radius.
  • Located 2 miles southeast is St. Clair Hospital with 329 beds and 3,100 medical staff and employees and part of Mayo Clinic Care network.
  • Concordia of the South Hills is an assisted living facility with 126 independent living units, 104 assisted living beds and 12 memory care beds located about 2 miles southwest of the property.

Walgreens for Sale

Debary, FL

$ 5,785,714

7.00 CAP

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  • Absolute net lease with no landlord responsibilities whatsoever.
  • One mile west of Interstate 4 with 130,000 vehicles per day.
  • Medical corridor location just a half mile from Debary Health & Rehabilitation Center (120 Beds).
  • Just north of Orlando near Disney World and Daytona Speedway.
  • Amazon fulfillment center nearby with 1 million square foot facility 7 miles northeast and 130-acre Portland Industrial Park coming in 2024.

Walgreens for Sale

Midwest US

$ 5,510,800

7.35 CAP

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  • Walgreens has exceptional annual reported sales  and a 14+ years of operating history.
  • No immediate national drugstore chain competition with the next closest national chain drugstore being a CVS 91 miles west and the closest Walgreens is 98 miles east.
  • District 177, a $75 Million redevelopment project located across the street including 96 apartments and ±480K SF of street-level retail space.
  • Great Plains Health Hospital is located 1 mile southwest with 116 beds, 1,100 employees and 183K patients per month.
  • Sustainable Beef's $325 Million facility is located 2.5 miles southeast and is opening Summer 2025 with 500K SF and projected to add 875 new jobs.
  • Dense retail corridor with 1.6 million square feet of retail space in a 1-mile radius.
  • Near Union Pacific's Bailey Yard, the largest railroad yard in the world with 14K rail cars per day.

Walgreens for Sale

Western US

$ 5,478,519

6.75 CAP

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  • Located on northeast corner of North Rancho Drive and West Washington Street with a combined traffic count of ±59,000 vehicles per day.
  • Walgreens benefits from dense infill demographics with over 58,000 households in a 3-mile radius.
  • Subject property is neighbored by numerous complimentary national retail tenants including McDonalds, O'Reily Auto Parts and 7-Eleven. There are ±6 million square feet of retail space in a 2 mile radius.
  • Located 2 miles north of University Medical Center, a 564-bed Trauma I hospital with ±3,600 employees.
  • Located 2 miles south of the North Las Vegas Airport employing nearly 1,000 and running over 176,000 general aviation operations including tourist helicopter flights.

Walgreens for Sale

Wexford, PA

$ 5,354,838

7.75 CAP

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  • Within a 3-mile radius, the average household income is $125,775 and the population is 112,336 residents in a 5-mile radius.
  • Just 11 miles northwest of Downtown Pittsburgh, a metropolitan area with a population of over 2.5 million residents.
  • Subject property sits adjacent to Pine Creek Shopping center anchored by Target and 4.3 million square feet of retail space in a 3-mile radius.
  • UPMC Passavant-McCandles Hospital with ±400 beds and ±400 physicians is 2 miles southeast.
  • Directly across from a 182-bed senior rehabilitation facility and within 3 miles of 13 other senior housing/nursing facilities.

Walgreens for Sale

Taylor, MI

$ 5,117,662

8.00 CAP

View details
  • Lease allows for 5% rental increases every five years through 2049.
  • Beaumont Hospital is located just one block south of subject property with 148 beds and 1,094 employees.
  • Over 16 million square feet of industrial space within a 3-mile radius and 2.3 million square feet of retail space within a 2-mile radius.
  • Infill Detroit Metro demographics with Over 244,000 residents within 97,686 households in a 5-mile radius with an average household income of $71,255.
  • Located just south of I-94 (155,000 VPD) on the corner of Telegraph Road and Wick Road with a combined traffic count of 66,422 vehicles per day.
  • Approximately 4 miles east of Detroit Metropolitan Airport with 36.7 million annual passengers and over 1,100 flights daily.
  • Just 8 miles southwest of Ford's 16M square foot world headquarter campus.

Walgreens for Sale

Leland, NC

$ 4,971,300

7.50 CAP

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  • New developments within 2 miles include Evolve at Waterford, Exchange at Westgate, Brunswick Forest and Inspire at Brunswick Forest totaling 1,178 units.
  • 1 million square feet of retail space in the immediate 1-mile radius anchored by Aldi, Harris Teeter and Walmart Supercenter.
  • Located on a signalized corner with frontage on Ocean Highway E (56,000 VPD) and with direct access to Andrew Jackson Highway NE (71,000 VPD).
  • Leland’s population increased 70% from 2010 to 2020 and is currently growing at a rate of 8.25% annually.
  • Positioned less than 2 miles from Novant Health Brunswick Forest Medical Plaza which services the Greater Leland market.
  • With a 2.5% corporate tax rate, North Carolina is continually ranked as one of the best business climates in the United States. CNBC named the state as America’s top state for business.

Walgreens for Sale

York, PA

$ 4,845,702

8.75 CAP

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  • Within a 10-mile radius there is ±61.8M square feet of industrial space including distribution and manufacturing for companies such as Amazon, Starbucks, DHL, FedEx, and Post.
  • Property is located across the corner from CVS making this a strategic location for both Walgreens and CVS.
  • Interstate 83 is blocks from the Property with a traffic count of ±79,000 vehicles per day.
  • Within a 3-mile radius, the average household income is $81,069 and the population is 153,292 residents in a 5-mile radius.
  • Located 2 miles northwest is WellSpan York Hospital, a teaching hospital with 593 beds and over 5,000 medical staff and employees.
  • Two blocks south is York County School of Technology with ±1,700 students and ±120 staff.
  • Within a 2-mile radius there are 8 senior housing facilities totaling approximately ±388,898 square feet.

Walgreens for Sale

San Pablo, CA

$ 4,416,666

6.00 CAP

View details
  • Within a 5-mile radius, the population consists of 224,973 residents with an average household income of $110,554.
  • Walgreens exercised an option early in 2021 showing commitment to this location.
  • A rental increase is scheduled in the fixed term on January 1, 2027 to $291,500.
  • Located at the signalized corner of San Pablo Avenue and Richmond Parkway with a combined traffic count of ±46,000.
  • Walgreens is paying $19.13 annual rent per square foot which is below market for the area.

Walgreens for Sale

Columbia, MS

$ 4,387,096

7.75 CAP

View details
  • There are over 12 years of lease term remaining with 10 (5 year) options to follow.
  • Only national chain drugstore for over 22 miles.
  • The Property is located in a Designated Opportunity Zone.
  •  1 mile South of Marion General Hospital (49 beds), the main hospital for Columbia and across the street from Fast Past Health Urgent Care.
  • Located in the only shopping center anchored by national retail tenants for over 20 miles and there is 715,000 square feet of retail space in a 1-mile radius.
  • Situated at the intersection of Sumrall Road and US-98 (traffic counts of 38,000 VPD) which serves as the east/west connector between Hattiesburg and McComb.

Walgreens for Sale

Laurinburg, NC

$ 4,105,393

7.25 CAP

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  • Recently constructed in 2014, Walgreens still has ±15 years of firm lease term remaining before the option periods.
  • Only national brand drugstore in a 15-mile radius.
  • Located less than 2 miles away, Scotland Memorial Hospital consists of 104 beds and serves as the area's largest private employer, with over 1,000 full-time and part-time employees.
  • 1.7 million square feet of retail space in a 1-mile radius anchored by Walmart Supercenter, Lowe’s Home Improvement, Tractor Supply Co, Harbor Freight Tools and Big Lots.
  • SO-PAK-CO, Inc., a food processor and packager, invested $85 million to build a state-of-the-art processing and packaging facility creating 440 new jobs coupled with Tesla installing a new Supercharger Station.
  • Located on US Highway 401 S (15,500 VPD) and directly off the ingress/egress of US Highway 74 (22,000 VPD).

Walgreens for Sale

Raleigh NC

$ 3,923,076

6.50 CAP

View details
  • Walgreens extended this lease by 10 years in March of 2024 showing commitment to this location.
  • This is an absolute net lease with no landlord responsibilities whatsoever.
  • Walgreens is reporting exceptional sales volumes at this location.
  • The lease allows for 5% rental increases at each of the options.
  • Within a 5-mile radius, the household income is $117,632 with a population of 128,470 residents.
  • More than 1 million square feet of medical space in a 5-mile radius including WakeMed Hospital (61 beds) located 3.6 miles southwest and UNC Rex Healthcare Surgery Center (outpatient) just 1.3 miles northeast.
  • Over 2,000 apartment units within a 1-mile radius including two blocks from an independent senior living complex with 121 units.

Walgreens for Sale

Appleton, WI

$ 3,881,045

7.65 CAP

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  • Walgreens has a history of strong reported sales volumes at this location.
  • Less than 1 mile of ThedaCare Regional Medical Center which is the region's largest employer (7,000+ employees, 172 beds).
  • Dense retail and industrial trade area with 6.2 million square feet of retail space and 8.3 million square feet of industrial space in a 3-mile radius.
  • Located directly across the street from Edenbrook Nursing Home (150 beds) and 0.7 miles from Rennes Health and Rehabilitation Center (88 beds).
  • Appleton is the 6th largest city in Wisconsin with a population of 143,000 in a 5-mile radius.
  • Located at the signalized hard corner with strong combined traffic count of 30,000 VPD and blocks from Interstate 41 with traffic count of 76,200 VPD.

Walgreens for Sale

Columbus, OH

$ 3,805,405

9.25 CAP

View details
  • Within a 5-mile radius, the population is ±365,021 residents within ±154,024 households.
  • Ohio State University is located about 3 miles from the Property and enrolls ±60,000 students.
  • The Property sits two blocks from Northern Lights shopping center, a 360,471 square foot mall.
  • CVS is located directly across the street making this a strategic location for both CVS and Walgreens. CVS has closed its retail portion of the store and only the pharmacy remains open.
  • Nationwide and JP Morgan Chase employs over 35,000 employees in the Columbus market, with Intel recently announcing a $20 billion local investment in manufacturing, creating over 10,000 new jobs.
  • Columbus, Ohio is the 7th largest economy in the United States, and Ohio has 0% state corporate income or profits tax.

Walgreens for Sale

Shreveport, LA

$ 3,611,111

9.0 CAP

View details
  • Over 12 million square feet of industrial space in a 5-mile radius including major companies like Hyundai and FedEx.
  • Opposite corner to CVS and next Walgreens 4.4 miles away making this a strategic location for both Walgreens and CVS.
  • There are 844 multifamily units within the immediate 1-mile radius.
  • Centrally located between three major interstates that connect Shreveport west to Dallas/Ft. Worth, TX, south to Baton Rouge/New Orleans, LA and west to Jackson, MS.
  • Within two blocks of the property are located a high school, junior high and elementary school with a combined 2,481 students.
  • Just 3 miles west of Shreveport Regional Airport with 560,000 annual passengers.
  • The Property is located in a designated Opportunity Zone.

Walgreens for Sale

Oxford, PA

$ 3,606,103

7.75 CAP

View details
  • This Walgreens is the only national chain freestanding drugstore within a two mile radius. CVS is located 2.3 miles southwest and the next nearest Walgreens is 11.3 miles northeast.
  • Property is located within the Philadelphia-Camden-Wilmington Metropolitan Statistical Area, the 8th largest MSA in the United States with a population of over 6.2 million people.
  • The average household income within a 1-mile radius is $107,926, within a 3-mile radius it is $104,930 and within a 5-mile radius it is $112,191.
  • Apart from Walgreens, the three additional tenants have lease expirations over the next few years providing a potential value add component.

Walgreens for Sale

Carthage NC

$ 3,230,769

6.50 CAP

View details
  • Walgreens extended this lease by 10 years in March of 2024 showing commitment to this location.
  • This is an absolute net lease with no landlord responsibilities whatsoever.
  • The lease allows for 5% rental increases at each of the options.
  • Walgreens is reporting exceptional sales volumes at this location with a rent-to-sales ratio of 2.14%.
  • Only freestanding national brand drugstore within a 10-mile radius. Nearest Walgreens is 10.5 miles southwest and nearest CVS is 12.5 miles southwest.

Walgreens for Sale

Franklinton, NC

$ 2,619,100

10 CAP

View details
  • Walgreens is guaranteeing approximately $327,375 of income over the remainder of their lease term.
  • Walgreens had been reporting strong sales volumes at this location of over $7M annually. The retailer moved to a smaller store format as an outparcel to the adjacent center showing commitment to this retail corridor.
  • DRB Homes has recently constructed 350 new homes to meet growing demand.
  • Directly on US Highway 1 which is the main thoroughfare connecting Franklinton to Raleigh.
  • Franklin County's population grew by 13% in the last 10 years.
  • Only 7,000+ square foot owner/user redevelopment opportunity within 35 mile radius.

 
 
 

Recently Sold Drugstores


Walgreens

Northeast US

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  • Less than a mile from University of Maine Fort Kent with 915 students enrolled.
  • Less than a mile from Clair Fort Kent Bridge, allowing access to customers in both the United States and Canada.
  • High visibility location with frontage on E Main St with 8,626 VPD.

CVS

Murfreesboro, NC

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  • Absolute net lease with no landlord responsibilities whatsoever.
  • Below market rent below replacement cots.
  • Limited drugstore competition and the nearest CVS is 30 miles away.
  • Approximately one-half mile from Chowan University with ±1,500 students.

Walgreens

Northwest US

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  • Strong demographic profile with ±108,989 residents with a median household income of $104,964 in a 5-mile radius.
  • University of Alaska - Anchorage with ±15,900 students and ±990 staff is 6.9 miles northeast.
  • Providence Alaska Medical Center with 401 beds and ±2,000 employees is 7 miles northeast.

Walgreens

Sand Springs, OK

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  • Just 9.7 miles southwest of Downtown Tulsa, a metropolitan area with a population of over 1,000,000 people.
  • Busy signalized intersection on Hwy. 97,  the main north/south thoroughfare through Sand Springs with a combined traffic count of nearly 28,000 VPD.
  • Just two miles west of Tulsa Community College West Campus which enrolls ±20,000 across 4 Tulsa campuses.

Walgreens

Cortland, OH

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  • Recent third-party reports will be provided to buyer.
  • Absolute net lease with zero landlord responsibilities.
  • Adjacent to Mosquito Lake State Park with 3,000,000 visitors annually.
  • Large trade radius with limited competition, no other Walgreens, CVS or Rite Aid besides the immediate corner for 5 miles.

CVS

New Port Richey, FL

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  • Near HCA Florida Trinity Hospital with 240 beds and 1,400 employees (2.5 Mi SE).
  • Strategic location on signalized corner directly across the street from Walgreens with traffic counts of roughly 50,000 VPD.
  • Near residential and senior housing with three assisted living facilities within two miles and located at the main entry of ±700 residences.

Walgreens

Harlingen, TX

6.25 CAP

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  • Located at merge of freeways I-69 and I-2. Both interstates have a combined traffic count of over 150,000 vehicles per day.
  • Surrounded by national retail tenants, ±3.2 million square feet of retail space within 1 mile radius including Valley Vista Mall (651,000 SF) and Bass Pro Shop (150,000 SF).
  • Strong cross-border economy with the Free Trade Bridge 13 miles away, a full US Customs facility accommodating 75 commercial trucks simultaneously.

CVS

Capitol Heights MD

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  • Part of Washington DC MSA with over 6,400,000 Residents.
  • Dense in-fill neighborhood location with a population of ±522,409 in a 5-mi radius.
  • Government facilities nearby including National Archives, US Census Bureau and Joint Base Andrews.

Rite Aid

Corcoran, CA

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  • Rental increases every 10 years in the options.
  • Limited competition with nearest national brand drugstore over 16 miles away.
  • Across the corner from Corcoran High School and blocks to the Corcoran Community Park.

CVS

Orlando, FL

$ 3,168,000

6.25 CAP

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  • Vacation and resort destination location including Disney World, Universal Studios & Island of Adventure and SeaWorld.
  • Retail corridor near industrial sector including 7.8 million square feet of retail space in a 3-mile radius.
  • Within 5 miles of 14.4 million square feet of industrial space.
  • Major regional employers Walt Disney World, Advent Health, Universal Orlando and Orlando Health.

Walgreens

Orange Park, FL

5.95 CAP

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  • Across from Orange Park Mall, a ±953,000 SF anchored by Dillard's, JCPenney, Old Navy and Belk with ±3M SF of retail in 1-mile radius.
  • Medical corridor location near HCA Florida Orange Park, a 365 bed hospital with 2,350 employees, and 832,000 SF of medical space in a 3-mile radius.
  • Intersection with extremely high traffic count of approximately 100,500 vehicles per day combined.

Walgreens

Beaumont, TX

$ 3,780,000

6.00 CAP

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  • Both store and pharmacy are open 24 hours.
  • Baptist Hospital of Southeast TX and Christus Southeast TX Hospital both within 1.5 miles with a total of 931 beds.
  • Across from Gateway Shopping Center which contains ±460,000 square feet of retail space.
  • Direct access to I-10 (±130,685 VPD) via College Street on signalized intersection with ±44,328 vehicles per day.

Walgreens

Brooksville, FL

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  • Tampa MSA location with 22+ year operating history.
  • Medical corridor including Florida Oak Hill Hospital, Encompass Health Hospital and Sturgill Hospice House.
  • Retail corridor with major national tenants including ±1.4 million SF of retail space in a 0.5-mile radius.

CVS

Naples, FL- 9th St

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  • Affluent demographic region with average HH income of over $121,000 in a 1-mile radius.
  • Adjacent to new luxury condominium construction.
  • Less than one mile from NCH Baker Downtown Hospital with 716 beds.

Walgreens

Memphis, TN

$ 4,000,000

8.75 CAP

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  • Dense residential area with nearly 200,000 residents within a 5-mile radius.
  • One mile south of Hwy. 385 (±151,399 VPD) and two miles southeast of I-240 (±180,699 VPD) making Downtown Memphis just a 15 minute drive away.
  • Busy intersection with approximately 54,087 vehicles per day.

Walgreens

Tampa, FL

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  • Located on Hwy-580 one of the main thoroughfares connecting western Tampa to the Tampa International Airport and downtown Tampa.
  •  Near HCA Florida West Hospital with 515 beds and the Mease Countryside Hospital with 300 beds.
  • Just 3.5 miles southeast from Tampa Bay Downs which has approximately 24 million visitors annually.

Walgreens

Portland OR

$ 5,049,990

10.00 CAP

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  • Located in main retail corridor with 7.9M square feet of retail space within 3 miles.
  • Approximately 316,993 residents within a 5-mile radius.
  • Zoned RCC in Clackamas County with various development opportunities such as retail, multi-family and office.

Walgreens

Columbus OH

$ 5,771,314

7.00 CAP

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  • Absolute NNN lease with no landlord responsibilities whatsoever.
  • Just 4 miles north of Ohio State University with over 66,000 students and 29,000 employees.
  • Riverside Methodist Hospital is about 3 miles south and has 1,059 beds and 5,800 employees.

Walgreens

Lady Lake, FL

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  • Outparcel to Target anchored Rolling Acres Plaza in main retail corridor across from Home Depot.
  • Two miles from UF Health The Villages Hospital with 307 beds and approximately 1,161 employees.
  • Located just south of The Villages, a collection of retirement neighborhoods in central Florida.

Walgreens

Chesapeake, VA

$ 6,018,133

6.75 CAP

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  • Absolute net lease with zero landlord responsibilities and history of solid sales.
  • ±7.5 million square feet of retail space and ±5.2 million square feet of office space in a 3-mile radius.
  • High traffic intersection with ±92,000 vehicles per day and over 200,000 residents in a 5-mile radius.
  • Chesapeake Regional Medical Center hospital is located ±2 miles south with 310 beds and ±3,000 employees.

CVS

Lillington, NC

$ 1,912,400

5.00 CAP

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  • CVS has agreed to new 15-year lease with 10 (5-year) options with 5% increases in the options.
  • Near 44-bed Central Harnett Hospital and only national brand drugstore in Lillington.
  • Centrally located between Fayetteville and Raleigh along Highway 210.
  • Lillington is the county seat of Harnett County who employ almost 54,000 employees.

Rite Aid

Calexico, CA

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  • Store is in the top 5% performing locations for Rite Aid nationwide.
  • Near US/MX border where ±7.1M cars and 4.4M pedestrians cross into/out of the US annually.
  • This is the only standalone, national chain drugstore in Calexico.

Walgreens

Chicago, IL – Western

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  • Strong sales performance with over a 19-year drugstore operating history.
  • Just ±17 miles south of downtown Chicago, part of the Chicago MSA with ±9.6M residents.
  • Located on intersection with ±43,000 VPD and one mile east of I-57 running N/S Illinois.

CVS

Hanceville, AL

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  • Absolute Net Lease with 16.75 years remaining and ten (5-year) options.
  • Only national brand drugstore within 8-mile radius.
  • Across from 208-bed Hanceville Nursing and Rehabilitation Center.

CVS

Big Bear, CA

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  • One of two drugstores in Big Bear and only CVS location.
  • Adjacent to only shopping center which is anchored by Vons and Starbucks.
  • Big Bear is the main ski resort destination in So. Cal. with ±3M annual tourists.

Walgreens

Antioch, TN

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  • 20+ year drugstore operating history with strong sales performance.
  • 13 miles SE of Nashville, part of the Nashville MSA with a population of over 2,000,000 people.
  • About 2 mi E of the Ford Ice Center including surrounding ±990,000 SF of retail space.

Walgreens

Rockford, IL

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  • Adjacent to OSF Saint Anthony Medical Center that employs over 24,000 staff in Illinois.
  • Walgreens is reporting historically strong sales at this location.
  • Located along E State St, the main corridor of the large national retail tenants.

Walgreens

Sicklerville, NJ

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  • Philadelphia MSA location with over 6,100,000 residents and 20 miles SE of downtown Philadelphia.
  • East of The Shoppes at Cross keys shopping mall on main thoroughfare of retail corridor.
  • Walgreens signed a new lease extension showing commitment to this location.

Walgreens

Excelsior, MN

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  • Located just 15 miles SW of downtown Minneapolis in the Minneapolis-St. Paul MSA.
  • Only national chain drugstore in excelsior and traffic counts of over 33,000 vehicles per day.
  • Affluent area with median household income of over $120,000 in a 3 mile radius.

Walgreens

Lakeville, MN

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  • Absolute net lease with 9 years remaining and history of solid store sales.
  • Combined traffic count of ±33,900 VPD, CVS directly across the street.
  • Average HH income in a 5-mi radius is $119k and located blocks from I-35 in the main retail corridor.

Walgreens

Bastrop, TX

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  • Austin-Round Rock MSA Location, 30 miles SE of Downtown Austin.
  • Absolute net lease with 14 years remaining and solid sales.
  • Less than one mile east of St. David's Emergency Center.

Walgreens

Swansea, IL

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  • Strong performing store with 25+ years of drugstore operating history.
  • Just ±15 miles S of downtown St. Louis, part of the St. Louis MO-IL MSA with ±2.8M residents.
  • Over 2,600,000 SF of retail space within a 4-mile radius and near I-64 with ±78,000 VPD.

Walgreens

Georgetown, KY

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  • Absolute net lease with solid store sales performance.
  • Three blocks from Georgetown Community Hospital.
  • Solid employment base with the largest Toyota manufacturing plant located 6 miles away.

Walgreens

New Castle, IN

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  • Recently extended absolute net lease with 13 years and 13 (5-Yr) options.
  • Rental increases in the initial term and in the options.
  • Limited competition with nearest Walgreens over 17 miles away.

Walgreens

Durham, NC

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  • Part of the Raleigh-Durham-Cary, NC MSA with over 2,000,000 residents.
  • 5% rental increases in the initial term and in each of the options.
  • Durham's largest employers located in 5-mile radius, Duke University and Duke University Health System.

Walgreens

Canoga Park, CA

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  • Walgreens reports exceptional sales volumes at this store located in the Los Angeles MSA.
  • Affluent HH income in a 5-mi radius of ±$110k and located at a corner with conbined traffic of ±60k VPD.
  • Four medical facilities totaling 665 beds are located within a 2.1 mile radius of the subject property.

Walgreens

Crowley, LA

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  • 15 year history of operations at this location with solid reported sales.
  • Only Walgreens in Crowley or anywhere within a 5-Mi radius.
  • Blocks from Ochsner Acadia General hospital with 140-beds.

Walgreens

St. Louis, MO

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  • This Walgreens has a sales-to-rent ratio around 2% with 33 years of operating history.
  • In 2011, Walgreens extended the lease early showing commitment to the location.
  • The property is within the St. Louis MO-IL MSA with ±3,000,000 residents.

Walgreens

Monroe, NC

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  • 24-Hr store and pharmacy reporting exceptional annual sales with ±13 yrs. remaining on an absolute net lease.
  • Walgreens closed the Rite Aid across the street shifting much of that customer base to the subject property.
  • Adjacent to Atrium Health Hospital (157-beds) full service hospital.

CVS

Winder, GA

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  • Brand new 20-year absolute net lease with 5% rental increases in options.
  • Only CVS in Winder and one of only two freestanding drugstores within a 7-mile radius.
  • Located 1.7 miles SW of Northeast Georgia Medical Center, a 56-bed full service hospital.

Rite Aid

Youngstown, OH

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  • One of the best performing Rite Aid stores in the Midwest.
  • Rite Aid added 10 years to the initial lease term in June of 2015 with six (5 year) options and increases.
  • Roof was replaced in 2015 with a 20-year transferable warranty. Building exterior was also renovated.

Walgreens

Springfield,OR

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  • Rare drugstore sale on the West Coast in an infill Oregon market.
  • Walgreens has 16 year history at this location with a strong of solid sales performance.
  • Two blocks from McKenzie-Willamette Medical Center with 113 beds.

Walgreens

Lincolnton, NC

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  • Walgreens has 14 years remaining with ten (5-year) options to extend on an absolute net lease.
  • Located directly across the street from a CVS making this a strategic corner for Walgreens.
  • Atrium Health Hospital is 2.9 mi away with 101 beds and a 24/7 emergency department.

CVS

Schenectady, NY

$ 5,456,363

5.50 CAP

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  • New 15 year absolute net lease term.
  • 5% rental increases every 5 years in the options.
  • Strategic drugstore location across from Walgreens.
  • One block from Ellis rehabilitation center and one mile from Ellis Hospital.

Walgreens

Southwest, US

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  • Across from Banner Thunderbird Medical Center
  • Seventeen Miles NW of State Capitol

Walgreens

Virginia Beach, VA

$ 6,272,727

5.50 CAP

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  • Walgreens extended lease to a firm 15-yrs in August 2022 showing commitment to this location.
  • Walgreens is reporting strong sales at this store that has a 15-year operating history.
  • Virginia Beach has a population of ±1,500,000 and is the most populous city in VA.
  • Near ±23.6M SF of retail space and adjacent to 128K SF center anchored by Lion Food who renewed for 10 yrs.

Rite Aid

Escondido, CA

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  • Infill North San Diego Location
  • Blocks to I-15 & Hwy-78

Rite Aid

Yardville, NJ

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  • 5 Miles from Capitol City of Trenton
  • Direct Access to I-195, Traffic of ±67,000 VPD

Rite Aid

Warren, OH

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  • Near St. Joseph Warren Hospital
  • In Vicinity of 3.2M SF of Retail

Rite Aid

Cuba, NY

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  • No Drugstore Competition
  • Adjacent to Interstate 84

Walgreens

Chesapeake, VA

$ 6,728,972

5.35 CAP

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  • Absolute net lease with 12 years remaining.
  • Affluent area with solid incomes of over $110,000 in 1-mile radius.
  • Part of the Virginia Beach-Norfolk-Newport News, VA-NC MSA with over 1,800,000 residents.
  • South of Naval Station Norfolk with more than 82,000 active duty personnel and 39,000 civilians.

Walgreens

Baton Rouge, LA

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  • Dense residential area 7 miles east of Baton Rouge with ±200K residents in a 5-mi radius.
  • ±7.9M SF of retail space in a 5-mi radius and the only Costco within 60 miles.
  • Located on the intersection with high traffic of over 67,700 vehicles per day.

CVS

Houston, TX

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  • Strong Reported Sales Volumes
  • Shopping Center Out-Parcel

Walgreens

Amarillo, TX

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  • Across from ±300,000 SF Center
  • Strong Residential Demographics

Walgreens

Bessemer, AL

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  • 24-Hour Store
  • Two Hospitals within 3 miles

Walgreens

Fort Worth, TX

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  • Across from CVS
  • Blocks to TX Christian University

Walgreens

Brecksville, OH

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  • Rare Rental Increases
  • Limited Drugstore Competition

CVS

Mt. Vernon, IL

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  • Limited Drugstore Competition
  • Main Retail Corridor Location

Walgreens

Shawnee, KS

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  • Affluent Demographics
  • Minutes to Kansas City

Walgreens

Chicago, IL

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  • Seven Miles from Downtown Chicago
  • Traffic Counts of ±60,000 VPD

Walgreens

Lindenwold, NJ

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  • High traffic near Patco Station
  • Exceptional Infill New Jersey Location

Walgreens

Memphis, TN

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  • Limited Drugstore Competition
  • Solid Demographics with ±256,000 Residents in a 5-MI Radius

Walgreens

Midland, TX

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  • Across from Midland Memorial Hospital
  • Traffic Count Exceeding 50,000 VPD

CVS

Houston, TX

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  • 24 Hour Store
  • Busy Retail Corridor

Walgreens

Indianapolis, IN

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  • Two Blocks from University of Indianapolis
  • Dense Indianapolis MSA

Walgreens

Springfield, IL

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  • Main Retail Corridor
  • Blocks To Interstate 72

CVS

Milwaukee, IL

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  • Near Froedert Hospital
  • Dense Infill Population of ±470,000

Walgreens

Topeka, KS

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  • Two Blocks from Interstate 470
  • Main Retail Corridor Location

Walgreens

Cleveland, TN

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  • Seven Miles East of Downtown Cleveland
  • Main Retail Corridor Location

Walgreens

Columbus, OH

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  • Strategically Located Across from CVS
  • Infill Location with ±266,000 Residents in 5-Mi Radius

CVS

Cuyahoga Falls, OH

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  • Across from Western Reserve Hospital
  • Three Miles to Downtown Akron

Walgreens

Des Moines, IA

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  • Located Within Retail Corridor of ±860,000 SF
  • Traffic County of ±48,000 VPD

Walgreens

Fayetteville, NC

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  • Strong Employment Base
  • Directly Across from CVS

CVS

Frederick, MD

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  • Directly Across from Walmart Supercenter
  • 1/2 Mile to Hwy 15 in New Residential Development

Walgreens

Southwest, US

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  • Across from Banner Thunderbird Medical Center
  • Seventeen Miles NW of State Capitol

CVS

Hartford, CT

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  • Across from St. Francis Hospital
  • Surrounded by Residential Neighborhoods

Walgreens

Arlington, TX

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  • Dense Residential Area Just South of I-20
  • Dallas-Ft. Worth Central Location

CVS

Independence, MO

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  • Kansas City MSA Location
  • Directly Across from Walgreens

Walgreens

Hays, KS

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  • Main Retail Corridor Location
  • Only National Chain Drugstore in Hays

Walgreens

Circle Pines, MN

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  • Minneapolis MSA Location
  • Blocks from Interstate 35W

Walgreens

Aurora, IL

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  • Top 10 Chicago MSA Location
  • Two Blocks from Rush Copley Medical Center

Walgreens

Belleview, FL

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  • Strategically Located Across from CVS
  • Busy Intersection with ±40,000 VPD

Walgreens

Johnstown, RI

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  • Walgreens is currently paying below the current market rent levels for Walgreens.
  • Located just 5 miles southwest of downtown Providence, the capital city of Rhode Island.
  • Walgreens purchased this location in their acquisition of Rite Aid stores.

Walgreens

Indian Head, IL

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  • Dense Chicago MSA Location
  • Traffic Counts of ±50,000 VPD

CVS

Mooresville, NC

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  • Adjacent to Mooresville Crossing Center
  • Direct Access to Interstate 77

Walgreens

Galveston, TX

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  • Blocks from UTMB Hospital
  • Houston MSA Location

Walgreens

Corpus Christi, TX

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  • Three Hospitals within 2 Miles
  • Adjacent to Walmart & Sam’s Club

Walgreens

Dallas, TX

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  • One Block To VA Hospital
  • Across the Street from CVS

CVS

Martinez, CA

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  • In-Line in Center Anchored by Lucky
  • One Block to Hwy 4 in Bay Area with ±79,000 VPD

Walgreens

Dallas, TX

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  • Just South of N. Texas VA Hospital
  • Nine Miles South of Downtown Dallas

CVS

Manchester, NH

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  • Direct Access to Interstate 293
  • Main Retail Corridor Near Mall of New Hampshire

Walgreens

Dayton, TX

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  • No Other National Chain Drugstores in 5-Mi Radius
  • Greater Houston MSA Location

Walgreens

Melbourne, FL

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  • Irreplaceable Oceanfront Location
  • Main Tourist Thoroughfare with Limited Competition

CVS

Morristown, TN

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  • Direct Access to Highway 66
  • Near College Square Mall Shopping Center

Walgreens

Norcross, GA

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  • 24 Hour Store with Limited Competition
  • High Traffic Count of 59,347 Vehicles Per Day

Walgreens

N. Providence, RI

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  • 4 Miles from the Captial City of Providence
  • Over 375,000 Residents in a 5-Mile Area

Walgreens

Odessa, TX

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  • 24 Hour Store
  • Limited Drugstore Competition

CVS

Nashua, NH

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  • Main Retail Corridor Location
  • Across from Target and USPS Logistics

Walgreens

Chicago, IL

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  • 24 Hour Store
  • 2.5 Miles from Chicago Midway International Airport

CVS

Ossining, MA

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  • 24-Hour Store Blocks to Hudson River
  • Thirty-Four Miles to Downtown Manhattan

Walgreens

Fort Worth, TX

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  • Strong Infill Location
  • 1M Retail SF in 3-Mi Radius

CVS

Orlando, FL

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  • 8 Miles to Downtown Orlando
  • Near Florida Hospital East Orlando

Walgreens

Lansing, IL

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  • Traffic Counts of ±40,000 VPD
  • Over 240,000 residents in 5-mi Radius

Walgreens

O’Fallon, MO

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  • St. Louis MSA Location with ±2.8M Residents
  • Less Than a Mile from Interstate 70

CVS

Mount Clemens, MI

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  • Legacy Location Since 1970’s
  • Detroit MSA Location

Walgreens

Southwest US

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Walgreens

Racine, WI

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  • Twenty-Five Miles South of Milwaukee
  • West Coast of Lake Michigan Location

Walgreens

Rock Hill, SC

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  • Across the Street from Winthrop University
  • One Mile to Piedmont Medical Center

CVS

Romulus, MI

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  • High Traffic of ±53,000 VPD
  • Affluent Demographics of $100,000 in 5-Mi Radius

Walgreens

St. Peters, MO

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  • Two Blocks From 1.1M SF Mid Rivers Mall
  • St. Louis MSA Location Via I-70

CVS

Spring Hill, FL

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  • Densely Populated Location
  • Affluent Demographics

Walgreens

Streator, IL

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  • Near St. Mary’s Hospital
  • Limited Drugstore Competition

Walgreens

Sunrise, FL

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  • 24-Hour Store, Traffic ±42,000 VPD
  • Miami Metropolitan Area Location

Walgreens

Suwanee, GA

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  • One of Only Two Drugstores in 3-Mi Radius
  • Adjacent to Kroger Anchored Center

Walgreens

Valrico, FL

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  • Tampa MSA Location
  • High Traffic of ±70,000 VPD

Walgreens

Tampa, FL

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  • Infill Tampa Location
  • Strategically Located Across from CVS

Rite Aid

Warren, OH

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  • Near St. Joseph Warren Hospital
  • In Vicinity of 3.2M SF of Retail

Walgreens

Warwick, RI

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  • Above Average HH Income of $87,000 in a 3-Mile Radius
  • Eleven Miles to Downtown Providence

Walgreens

Winter Springs, FL

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  • Only 15 Miles NE of Orlando
  • Across from Walmart Neighborhood Market

CVS

Woodbridge, VA

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  • Near Santana Lake Ridge Hospital
  • Affluent Demographics

Walgreens

Tallahassee, FL

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  • Across from ±747,000 SF Tallahassee Mall
  • Traffic Counts of ±61,000 VPD

Walgreens

Dothan, AL

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  • Adjacent to SE Alabama Medical Center
  • Across the Street from CVS

Walgreens

Twin Falls, ID

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  • Store with Limited Competition
  • Near College of Southern Idaho

Walgreens

Crowley, TX

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  • Fort Worth MSA Location in Medical Corridor
  • Strategically Located Across from CVS

CVS

Belleville, MI

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  • Legacy Location Since 1950’s
  • Dense Detroit MSA with ±4.3M Residents

Walgreens

East Moline, IL

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  • Quad Cities MSA
  • Favorable Demographics

Rite Aid

Yardville, NJ

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  • 5 Miles from Capitol City of Trenton
  • Direct Access to I-195, Traffic of ±67,000 VPD

Walgreens

West Coast US

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  • Traffic Counts of ±63,000 VPD
  • Near University Medical Center

Walgreens

Lawton, OK

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  • 24-Hour Store
  • Five Hospitals in 3 Miles

Rite Aid

Escondido, CA

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  • Infill North San Diego Location
  • Blocks to I-15 & Hwy-78

Walgreens

Lake City, GA

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  • Top 10 Atlanta MSA with ±5.5M Residents
  • Across from ±180,000 SF Atlanta National Archives

Walgreens

Round Rock, TX

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  • Traffic Counts of ±52,000
  • Main Retail Corridor

CVS

Tulsa, OK

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  • Traffic of Over 42,000 VPD
  • Across from S. Hills Country Club

Walgreens

Anoka, MN

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  • Dense Minneapolis MSA
  • Traffic Counts of ±50,000 VPD

CVS

S. Williamson, KY

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  • Within Two Miles of Two Hospitals
  • Direct Access to Highway 119

Walgreens

Portland MSA

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  • Direct Access to I-205 & Hwy. 500
  • Across from 250,000 SF Retail Center

Walgreens

Reynoldsburg, OH

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  • Out-Parcel to Walmart Supercenter
  • Traffic Counts of Over 60,000 VPD

Walgreens

West Warwick, RI

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  • Providence MSA Location
  • Strategically Located Across From CVS

CVS

Ontario, CA

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  • Los Angeles MSA Location
  • One Block from CA State Highway 60

Walgreens

Mount Airy, NC

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  • Direct Access to Highway 52
  • Main Retail Corridor Location

Walgreens

Humble, TX

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  • Top 5 Houston MSA Location
  • Traffic Counts of over 50,000 VPD

Walgreens

Gurnee, IL

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  • One Mile West of Six Flags Great America
  • One Mile from Six Flags Great America

CVS

El Monte, CA

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  • Los Angeles MSA Location
  • Highly Infill Demos, ±600,000 Residents in 5-Miles

Walgreens

Townsend, DE

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  • Affluent Demographics
  • Philadelphia MSA Location

Walgreens

Duluth, GA

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  • Extremely High Traffic Counts of $87,200 VPD
  • Strong Infill Demographics

CVS

Rocklin, CA

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  • Sacramento MSA Location
  • Retail Corridor Near Westfield Galleria Mall

Walgreens

Brentwood, CA

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  • 55 Miles Northeast of San Francisco
  • Surrounded by Residential Developments

CVS

Signal Mountain, TN

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  • On-Site Minute Clinic
  • Affluent Area Demographics

Walgreens

Clarksville, MD

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  • Main Retail Corridor Location
  • One Block From Hwy-32

CVS

Saraland, AL

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  • Growing Suburb of Mobile
  • Main Retail Corridor Location

Walgreens

Alma, AR

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  • Across from Walmart Supercenter
  • Blocks from I-40 and I-49

Walgreens

Indio, CA

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  • Densely Populated Riverside County
  • Directly Across from CVS

Walgreens

McDonough, GA

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  • In-Store Clinic Location
  • Top 10 Atlanta MSA

Walgreens

Loveland, CO

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  • Limited Drugstore Competition
  • Part of Fort Collins Metro Area

CVS

Compton, CA

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  • Dense Los Angeles California Location
  • In-Line Location with Ample Parking and Supporting Tenants

Walgreens

Lincolnton, NC

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  • Near Atrium Health Hospital
  • Main Retail Corridor Location

CVS

Dekalb, IL

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  • Across from Northern Illinois University
  • Just north of Chicago-Kansas City Expressway

Walgreens

Hutchinson, MD

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  • Near Hutchinson Health Hospital
  • Half Mile from Walmart and Target Centers

Walgreens

Mobile, AL

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  • Near Providence Hospital
  • Limited Drugstore Competition
  • Blocks to Interstate 10
  • Houston MSA Location

Walgreens

Bradenton, FL

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  • Affluent Demographics
  • Limited Drugstore Competition

CVS

Kingsport, TX

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  • Retail Corridor Hwy-11 Location
  • Strategic Location Near Walgreens

Walgreens

Southwest US

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  • High Traffic of ±45,000 VPD
  • Dense Demographics with ±365,000 Residents in 5-Mi

Walgreens

Providence Rhode Island MSA

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  • 24 Hour Store and Pharmacy
  • 5 Miles North of Downtown Providence

Walgreens

Austin, TX

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  • 14 Miles North of Downtown Austin
  • Near St. David’s North Austin Medical Center

CVS

Westfield, IN

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  • Next to New Residential Developments
  • 18 Miles North of Indianapolis

Walgreens

Collinsville, IL

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  • Adjacent to I-55 with 47,000 VPD
  • Outparcel to 53.7 Acre Collinsville Crossings Center

Walgreens

Augusta, ME

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  • Acquired by Walgreens in 2018 and successful operating history of 20+ years.
  • 12 years remaining with 2 (5-year) options to extend on an absolute net lease.
  • Located just 1.4 miles to the NE of downtown Augusta with traffic counts of 25,000+ vehicles per day.

Walgreens

Johnston, RI

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  • Walgreens is currently paying below the current market rent levels for Walgreens.
  • Located just 5 miles southwest of downtown Providence, the capital city of Rhode Island.
  • Walgreens purchased this location in their acquisition of Rite Aid stores.

Walgreens

Lombard, IL

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  • Affluent infill location 19 mi. from downtown Chicago, avg. HH income is $112,272 and 260,961 residents in a 5-mi radius.
  • Recently extended lease, total of 20 yrs. remaining before the 8 (5-year) options, NNN, 2.5% increases in the options.
  • Located 1.4 mi. from Advocate Good Samaritan Hospital with 333 beds and over 3,600 doctors and staff on the signalized SEC of Roosevelt Rd. & S. Westmore Meyers Rd. with a combined traffic count of ±66,355 VPD.

Walgreens

Memphis, TN

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  • Located blocks from the Medical District of Memphis with four major hospitals totaling approximately 6.5 million square feet of medical space within a three mile radius.
  • Located 2.5 miles outside of downtown Memphis and is part of the Memphis MSA with a population of over 1,340,000 residents.
  • Across the street from a Kroger shopping center and near I-69 with traffic counts of over 124,706 VPD.

Rite Aid

Bakersfield, CA

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  • High traffic count of 63,111 cars per day and located 3 miles from Highway 99 with approximately 137,000 cars per day.
  • Wells Fargo subleases a portion of the space on an absolute net lease basis for an opportunity of supplemental income.
  • Average HH income in a 1-mile radius is $79,529, in a 3-mile radius it is $83,335 and $77,942 in a 5-mile radius with a population of 251,698 in a five-mile radius.

Walgreens

Southwest US

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  • One of only ±400 Walgreens locations with an in-store healthcare clinic.
  • Directly across the street from CVS making this a strategic location for both Walgreens and CVS.
  • Surrounded by residential neighborhoods and located at Exit 246 of Interstate 10 ±12 miles northwest of downtown Tucson. Average household income is $90,069 in a three-mile radius and $83,659 in a five-mile radius and 281,588 in a ten-mile radius.

CVS

Spring Hill, FL

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  • Subject property is located in a two-mile radius of three different hospitals.
  • Located in a retail hub with approximately 1.8 million square feet of retail space.
  • 50 miles north of Tampa along at the central coast Gulf of Mexico.
  • Five mile radius population is 82,480 and household income is $60.598.

CVS

Bogalusa, LA

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  • Approx. 13 yrs. of term remaining before 10 (5-year) options, double net lease, landlord responsible for parking only.
  • The lease allows for five percent (5%) rental increases in each of the ten (five-year) options.
  • The lease structure for this asset does not include a rent holiday.

Walgreens

Alexander City, AL

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  • Located less than 0.2 of a mile from Russell Medical, a not-for-profit acute care hospital.
  • Only national chain drugstore in Alexander City, next nearest Walgreens or CVS over 13 miles away.
  • 14+ years of term remaining on an absolute net lease with eleven 5-year options to extend.

CVS

Franklin, WI

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  • Absolute Net Lease with 17 years remaining and ten (5-year) options with increases.
  • Fresh 20-year lease in 2019 which speaks to the strength of the store.
  • Affluent infill Milwaukee MSA market 12.8 miles southeast of Downtown Milwaukee.

Rite Aid

Kutztown, PA

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  • Rite Aid extended lease which has a ±20% increase in first option.
  • Exceptional sales and over 10 yrs of primary lease term on an absolute NNN.
  • Only Rite Aid drugstore in Kutztown, CVS one mile SW and no Walgreens within 11-miles.

Walgreens

North Cape May, NJ

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  • Absolute net lease with rental increases.
  • Unique peninsula location with limited drugstores.
  • Over 20 years of drugstore operating history with established customer base.

Walgreens

Hamilton, NJ

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  • Sale includes Walgreens and Black Forest Acres, both absolute net leases with increases.
  • Located 1.2mi N of RWJ University Hospital, largest employer in Hamilton Township.
  • Only drugstore open until midnight in a 10mi radius, directly across from a CVS.

Walgreens

Maineville, OH

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  • Cincinnati MSA location with over 2,3000,000 people.
  • Nearby Kings Island Amusement Park Employs 5,000+ people in the area.
  • Limited drugstore competition, one of only two drugstores in 3.5 mile radius.

Rite Aid

Buffalo, NY

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  • Within three-mile radius of Erie Medical Center and Oishei Children's Hospital.
  • Located three miles east of Downtown Buffalo on Hwy. 62, a major north/south thoroughfare.
  • Two blocks from CSX Transportation Frontier and Norfolk Southern rail yards.

Walgreens

Belen, NM

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  • Limited drugstore competition, no other national chain drugstore within 10 miles.
  • Near Presbyterian Urgent Care and Belen Meadows Healthcare Rehabilitation center.
  • Main and main location just east of I-25 and west of BNSF Personnel Depot.

Walgreens

Beloit, WI

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  • New fifteen year lease with ten (five-year) options to renew.
  • Five percent rental increases every five years in primary term and in the options.
  • Solid employment base with major employers in the area including Amazon, Hormel and Frito Lay.

Walgreens

Dyersburg, TN

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  • Buyer assumed CMBS loan.
  • Located at crossroads connecting the region’s major cities.
  • Across from Walmart Supercenter and adjacent to Kroger.

Walgreens

McDonough, GA

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  • Walgreens exercised another 5-year option.
  • Located 28 miles southeast of Atlanta.
  • Several recently built housing developments within a 2-mile radius.

Walgreens

Harlingen, TX

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  • CMBS loan was assumed by the purchaser.
  • Valley Vista Mall is one-half mile away.
  • Approximately 2.9 million square feet of retail space within 1-mile radius.

Walgreens

Guthrie, OK

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  • CMBS loan assumed by buyer.
  • Nearest drugstore is over 13 miles away.
  • Directly across the street from Walmart Supercenter.

Rite Aid

Battle Creek, MI

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  • Preferred Rite Aid location with over 20 years of operating history.
  • Medical corridor location just one mile of Bronson Battle Creek Hospital.
  • Strong real estate fundamentals.

Walgreens

Dallas, GA

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  • Walgreens closed the Rite Aid across the street and transferred prescriptions to this location.
  • Located about 37 miles N of Downtown Atlanta.
  • This area has an above average household income.

Walgreens

Amarillo, TX

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  • Walgreens extended lease in 2019.
  • Several large healthcare facilities within 3-mile radius.
  • Within retail corridor of 6.6 million square feet.

Walgreens

North Owasso, OK

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  • On main retail corridor near Walmart, Target, Sam’s Club and Home Depot.
  • Ascension St. John Medical Center is less than one mile north.
  • Strategically located across the street from CVS.

Walgreens

Yucca Valley, CA

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  • Located at entry to Joshua Tree National Park and 29 Palms Marine Base.
  • Sale included 4 adjoining parcels totaling ±4.75 acres.
  • Located along Hwy. 62 the main thoroughfare through Yucca Valley.

CVS

Montgomery, WV

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  • CVS signed a 15 year lease extension.
  • One block from Montgomery General Hospital.
  • Only national chain drugstore in Montgomery.

Walgreens

Depew, NY

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  • Located on Broadway, main thoroughfare into downtown Buffalo located 11 away.
  • Walgreens extended this lease showing commitment to this location.
  • Area with strong demographic profile.

Walgreens

Tonawanda, NY

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  • Located 10 miles north of downtown Buffalo.
  • Near the University of Buffalo with over 30,000 students.
  • Tonawanda retail district location near Degraff Memorial.

CVS

Semmes, AL

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  • 20 year history of operations at this location.
  • Strategic location for CVS, located across from Walgreens.
  • CVS agreed to lease extension with increases.

Walgreens

Bradenton, FL

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  • One of only two drugstores in the immediate area.
  • This location is open 24 hours.
  • 20 year history of operations at this location and recently exercised an option showing commitment to this location.

CVS

St. Petersburg, FL

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  • Two major medical facilities within a 1.5 mile radius, St. Anthony’s Hospital and Johns Hopkins Children’s Hospital.
  • Located on the West Coast of Florida along the Tampa Bay.
  • This store is open 24 hours.

Walgreens

Farmington Hills, MI

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  • 22 miles northwest of downtown Detroit.
  • Strong demographics in a 5-mile radius with household income over $90,000 and population over 200,000.
  • Detroit MSA includes approximately 3.9 million residents.