- Walgreens is currently paying $16.02/psf, which is in line with current market retail rents of $16-18/psf.
- Open until midnight, capturing extended‑hour foot traffic which contributes to its ranking as the 3rd most‑visited national drugstore chain within a 10‑mile radius (316K annual visits per Placer.aI).
- In 2025, Walgreens waived its 2028 and 2033 termination options, extending the lease expiration to August 31, 2038.
- Rapid residential expansion with 1,900+ new homes planned or underway within 3 miles, supported by ~4.5% annual population growth since 2020—outpacing Ocala—and driven by proximity to The Villages (20 minutes south), a master‑planned retirement community with 140K residents.
- Located 2.5 SE of the property, a proposal for a major big‑box retailer, a gas station, and roughly 22,500 square feet of additional retail and restaurant space is underway. The development will create 400 jobs.
Available properties
- Beginning September 1, 2026, Walgreens’ rent adjusts to $18.12/psf, below current market retail rents of $20–22/psf. The asking CAP rate is based on this lower rent level.
- In 2025, Walgreens waived its 2026 and 2031 termination options, extending the lease expiration to July 31, 2036.
- Walgreens’ first option period in 2036 includes a rental escalation of 21%.
- Located in Jacksonville’s San Marco submarket, which maintains a 3.5% retail vacancy rate—nearly one percentage point below the national average of 4.3%.
- Frontage on University Boulevard (28.5 VPD) and St. Augustine Road (16.3K VPD), positioned under one mile from the I‑95 (171K VPD) ingress/egress—a primary corridor into Downtown Jacksonville.
- Property is located directly across the street from CVS, making this a strategic location for both CVS and Walgreens.
- 6% increase in May 2028 and CVS is responsible for property maintenance and expenses.
- At lease expiration, CVS will be paying $19.08 per square foot in rent, which is replaceable to market levels, offering a buyer limited downside risk.
- According to Placer.aI, this location ranks in the top 5% of CVS stores nationwide with over 522,000 annual customer visits.
- Immediate access to the I‑93 on/off ramps with 77,000 VPD.
- Situated on a 2.27-acre site, the property provides ample parking, excellent visibility, and future redevelopment flexibility.
- CVS has been operating at this location for over 17 years.
- Walgreens will be paying $16.80/sf in rent after the next increase, which is in line with the local retail market of $16-18/sf.
- According to Placer.AI, the property ranks in the top 25% of Walgreens nationwide.
- The property is located a half mile from the University of Memphis main campus, with over 24,000 full-time students and faculty.
- Located 2.5 miles from the property, the FedEx World Hub is the largest sorting facility in the FedEx global network and employs 30,000 people locally, with annual revenues exceeding $45 billion.
- The property has 8.5 million square feet of existing retail space within a 3-mile radius.
- Located 5.5 miles from Downtown Memphis, the property has 101,000 households within 5 miles, with a population exceeding 245,000.
- Assumable $5.63M interest-only loan at below-market 3.50% fixed rate, offering a projected 20.7% cash-on-cash return (for qualified buyers).
- Walgreens operates under an NNN lease with zero landlord responsibilities.
- Lease extends through July 31, 2038, providing 12 years and 6 months of remaining income.
- Situated at the intersection of Morris Ave. and Springfield Ave., a primary commuter and retail corridor with an average daily traffic count of ±38,100 vehicles combined.
- Northern New Jersey infill market with significant surrounding population base, including ±131,000 residents within a 3-mile radius.
- In 2022, Walgreens extended its lease out 10 years, showing the tenant's long-term commitment to the location.
- Amplify Tomball (less than 0.5 miles north) and Willow Creek Manor (1.5 miles to the east) are bringing 434 new multifamily units to the immediate neighborhood in 2026.
- Walgreens is paying $25.27/sf in rent, which is in line with the local retail market rents of $26/sf.
- Located in a Houston suburb, the average household income within 1 mile of the property is over $140,000.
- Situated on a signalized hard corner with a combined 47,000 VPD and located less than a mile from the ingress/egress for Tomball Parkway (TX-249) with over 101,000 VPD.
- There is over 3.1 million square feet of existing retail space within 2 miles of the property, with a vacancy rate under 4%.
- ±13,225 SF freestanding building on a 1.99-acre parcel; built in 2010 and maintained by CVS under an absolute NNN lease structure.
- Over $2.1 million in remaining rent from CVS before the free rent period.
- Opportunity to allow investors to collect guaranteed income while evaluating re-tenanting, redevelopment, or repositioning strategies.
- Positioned along East Main Street (IL-1), a primary arterial corridor in Danville, offering excellent visibility, access, and consistent regional traffic flow.
- The city operates two industrial parks which span a total of 168 acres. There is approximately 2.1 million square feet of manufacturing/industrial space within a 2-mile radius of the property.
- Spangler Candy Company (±500 Employees) and Bard Manufacturing (±200 Employees) have both called Bryan home since the 1900s and have played a significant role in the local economy.
- Walgreens firm lease term runs through July 31, 2032 before their first cancellation option. All building and property expenses are paid directly by Walgreens and there are zero landlord responsibilities whatsoever.
- This is the only Walgreens serving the city of Bryan with the next nearest Walgreens property being approximately 15 miles away.
- 0.5 miles from 234-bed Mercy Health Springfield Regional Medical Center.
- Within 2 miles of Wittenberg University (1,254 students) and Springfield High School (1,602 students).
- Fountain Village, a 16-acre housing development which includes 54 single-family homes, and 109 townhomes.
- Located at North Limestone St (±19K VPD) & (±12K VPD) McCreight Ave, a key north–south arterial with direct connectivity to I-70, Springfield’s main interstate access.
- Springfield employment grew 2.3% (Feb 2020–Mar 2024), led by major employers Mercy Health (4,060), Navistar (4,556), and Clark State College.
- Springfield GDP up 6.1% YoY with growth in healthcare, advanced manufacturing, and air mobility.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever and has 5% rental increases every 5 years throughout the first four option periods.
- According to Placer.ai, this location ranks in the top 10% in customer visits for all Walgreens locations in Michigan.
- 4 miles northeast of Ford's Global Headquarters which includes their new, 2.1 million square foot building. 14,000 employees will be within a 15 minute walk of the new location, per Ford.
- 154,000 residents, and 51,000 households within a 3-mile radius of the property.
- Located on the signalized hard-corner of Schaefer Rd and Warren Ave, (46K total VPD). Close proximity to the I-94 connecting Dearborn to Detroit with over 131K vehicles per day.