Walgreens for Sale Archives - Pharma Property Group

Available

Walgreens for Sale

Midwest US

**CONTACT BROKER FOR PRICING**

Walgreens has a 16 year operating history at this location.
Medical corridor location with 800+ medical beds combined and closest Walgreens to local hospitals.
Affluent infill demographics with $139K HH income in 3mi radius and over 155,000 residents in a 5-mile radius.
New developments within a 2-mi radius of the Property including a 38K SF medical office, a 200 acre mixed-use project and a 248-unit multifamily complex.
Over 1.6 million SF of retail space in the immediate 1-mi radius as well as 9 hotels with a total of about 894 rooms.
Walgreens is paying below market rents at $15.58 per square foot. Market rents in the area are approximately$21-$23 per square foot.

Available

Walgreens for Sale

Iron Mountain, MI

**CONTACT BROKER FOR PRICING**

Over 14 years of lease term remaining with 10 (5 year) options to follow.
National retailers TownPlace Suites by Marriott, Aldi, Neuens Auto and Kwik Trip are all expected to open new locations in Iron Mountain.
Close proximity to major health providers such as Oscar G Johnson VA Medical Center and Marshfield Medical Center.
Marshfield Medical Center’s Cancer Center expansion 1.4 miles SE of the Property is nearing completion later this year.
Situated with frontage on US-141 (traffic counts of 20,000 VPD).
Only national brand name drugstore in a 47-mile radius serving the entire Iron Mountain market.

Available

Walgreens for Sale

Hot Springs, AR

**CONTACT BROKER FOR PRICING**

Only national chain drugstore in a 4-mile radius and only drugstore serving the area west of the Ouachita River.
Walgreens has a 15+ year operating history at this location.
Situated with frontage on Airport Road (26,000 VPD) leading to thermal hot springs which draw ±2.6 million tourists annually.
430 multi-housing units within a 1-mile radius of the Property spread throughout multiple complexes.
There are over 14 years of lease term remaining with 10 (5 year) options to follow
Amazon recently announced a new 35K SF facility in Hot Springs.

Available

Walgreens for Sale

Fremont, MI

**CONTACT BROKER FOR PRICING**

Over 14 years of lease term remaining with 10 (5 year) options to follow.
Only Walgreens in a 18-mile radius serving the entire Fremont market.
Close proximity to major health providers such as Corewell Health Gerber Memorial and Newaygo Medical Care Facility.
Short distance from to Gerber/Nestlé Research and Development Center, largest employer in Fremont.
Situated with frontage on West Main Street (traffic counts of 14,500 VPD).
Walgreens has a 16 year operating history at this location.

Available

Walgreens for Sale

Troutman, NC

**CONTACT BROKER FOR PRICING**

Walgreens has an 11 year operating history here and this location has been operating as a pharmacy since 2007.
There are over 14 years of lease term remaining with replaceable market rents and 10 (5 year) options to follow.
Troutman’s population increased 44% from 2019 to 2024 and is currently growing at a rate of 8.8% annually.
In 2021, less than a mile and a half from the Property Walmart completed construction of a new 1-million square foot distribution center, adding 500 full time jobs.
1.5 Miles from Subject Property, Walmart recently completed construction of a new 1-million square foot distribution center adding 500 full time jobs.

Available

Walgreens for Sale

Roseboro, NC

**CONTACT BROKER FOR PRICING**

Only drugstore in a 11-mile radius serving the entire Roseboro market.
There are over 14 years of lease term remaining with 10 (5 year) options to follow.
North Carolina Welding, LLC, purchased 17 acres from Sampson County as part of their expansion in Roseboro, adding to the existing 359,000 square feet of industrial space in a 1-mile radius.
Centrally located between Fayetteville and the U.S. Interstate 40.
Located in the only national grocery store anchored retail center in Roseboro.

Available

Walgreens for Sale

Franklinton, NC

$ 2,619,100

10 CAP

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.

Sold

Walgreens

Harlingen, TX

6.25 CAP

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.

Available

Walgreens for Sale

Raleigh NC

$ 4,180,327

6.10 CAP

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.

Available

Walgreens for Sale

Carthage NC

$ 3,360,000

6.25 CAP

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.