Vacant Rite Aid for Sale or Lease

Okemos, MI

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  • The building is a free-standing retail box with a drive-through window and is approx. 11,180 sqft, situated on an 81,022 square foot lot.
  • The property is strategically located with 85,000+ people in a 5-mile radius with an average household income of $105,000+ within 1 mile of the subject property.
  • The property is located on a signalized hard corner with over 2.6 million square feet of retail space within a 1-mile radius.
  • The region includes large and stable employers such as Michigan State University, Sparrow Hospital and General Motors' Lansing Grand River Plant.

Walgreens for Sale

Lima, OH

$ 3,736,842

9.50 CAP

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  • Walgreens recently committed capital at this location for interior renovations to the pharmacy and an addition of a private health room for pharmacists to provide pharmacy customers with consultation and medication instructions, demonstrating their long-term commitment to the location.
  • According to Placer.AI, this location is rated #1 in customer visits of Walgreens stores in a 50-mile radius.
  • This store will benefit from an expanded script base as Walgreens recently acquired all of Rite Aid’s files in the Lima Market.
  • One of only two Walgreens serving over 101,000 residents.
  • Open two hours later than competing Walgreens in Lima.
  • Located 1.5 miles from Mercy Health-St. Ritas Medical Center with 3,000 employees.
  • Over 2.6 million square feet of retail space within 1.5 miles of the Property.

CVS for Sale

Vernon, NJ

$ 7,879,920

6.25 CAP

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  • CVS guarantees the rental income which has 10% increases in the options and does not include a rent holiday.
  • Property is ±1.3 miles from Mountain Creek Resort with 3 main ski runs boasting over 700,000 annual visitors.
  • Subject Property is the only national drugstore chain in Vernon. The next closest CVS is 7.7 miles to the northeast, the next nearest Walgreens is over 5.6 miles to the west and nearest Rite Aid is over 19 miles north.
  • Over 16 years of lease term remaining on an absolute net lease with no landlord responsibilities.
  • Nearby attractions include Crystal Springs Resort, Wawayanda State Park Wallkill River National Wildlife Refuge and 7 championship golf courses.

Walgreens for Sale

Santa Clarita, CA

$ 6,806,000

6.00 CAP

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  • Walgreens signed a new 15-year lease with 5% increases every 5 years.
  • Southernmost Walgreens location in Santa Clarita Valley, 1 of only 4 Walgreens serving over 221,345 residents.
  • Los Angeles County is the most populous county in the United States with over 9.7 million residents as of 2023.
  • Approximately 28,000 households in the immediate 3-mile trade radius, with an average household income of over $100,000.
  • Located off I-5 (180,000 VPD) on a highly visible signalized intersection with over 63,000 vehicles daily.

Walgreens for Sale

San Pablo, CA

$ 3,925,925

6.75 CAP

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  • 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

Columbus, OH

$ 3,200,000

11.00 CAP

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  • 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

Houston, TX

$ 5,823,529

8.50 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

Taylor, MI

$ 5,117,662

8.00 CAP

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  • Lease allows for 5% rental increases every five years through 2049 with the next rental increase in May 2025.
  • 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

Shreveport, LA

$ 3,250,000

10.00 CAP

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  • 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

Midwest US

$ 5,159,783

7.85 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.