Walgreens, CVS, and Rite Aid for Sale

AVAILABLE

Walgreens For Sale
Broken Arrow, OK
$5,120,000
6.25% CAP
8.5+ Yrs Remaining
Absolute Net
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This Walgreens is the only drugstore open 24 hours within a 5-mile radius and performs well above the national average with exceptional sales volumes.
Broken Arrow is ±15 miles southeast of downtown Tulsa and is part of the Tulsa MSA with ±1,200,000 residents within a 6,270 square mile area.
Near St. John Hospital, a 44-bed, 24-hour, full service hospital approximately 2 miles northwest of the subject property and is the only one in the community.

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Walgreens For Sale
Sacramento, CA
$5,666,650
6.00% CAP
10.5 Yrs Remaining
Double Net
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California has a high barrier of entry in the drugstore space, properties in this state are rarely up for sale.
Recently exercised option due to store performance, term remaining is ±10.5 years on a double net lease with 9 (5-year) options to extend.
This location benefits from a history of solid sales volumes as it is surrounded by residential neighborhoods.
One of only two drugstores in a 2-mile radius serving nearly 20,000 households.

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Walgreens For Sale
San Diego, CA
$5,300,000
5.07% CAP
5.5 Yrs Remaining
Double Net
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Walgreens exercised their option early speaking to the strength of this location.
Surrounded by over 1.6M square feet of retail tenants in a 2-mile radius.
Located at signalized corner of W. Washington & N. Broadway with traffic count of ±62,087 VPD.
Near Escondido’s top employer, Palomar Medical Center, a 319-bed hospital with over 2,600 employees.

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Walgreens For Sale
Pawtucket, RI
$4,645,668
6.35% CAP
11 Yrs Remaining
Double Net
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Recently exercised two 5-year options early showing commitment to this location.
This pharmacy and store are open 24 hours and have a history of very strong reported sales.
Located just five miles north of downtown Providence, the capital city of Rhode Island.

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Walgreens For Sale
Dallas, GA
$4,323,077
6.50% CAP
12.5+ Yrs Remaining
Absolute Net
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Assumable interest only financing Cash-on-Cash return of 9.42% and $1.5M down payment.
Walgreens acquired the Rite Aid directly across the street from the subject property, closed it and transferred all prescriptions to this location.
Subject property is located about 37-seven miles north of downtown Atlanta and with an above average household income.

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Walgreens For Sale
Mobile, AL
$4,307,692
6.50% CAP
11 Yrs Remaining
Double Net
VIEW DETAILS

The average household income in a 3-mile radius is $89,121, population in a 5-mile radius is 110,599.
Walgreens exercised two 5-year options early showing commitment to this location.
Located in a suburb ±16 miles east of downtown Mobile and surrounded by residential and retail.

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Walgreens For Sale
Harlingen, TX
$5,223,999
6.25% CAP
12.5 Yrs Remaining
Absolute Net
VIEW DETAILS

This location is reporting strong sales well above the national average for Walgreens drugstores.
Assumable interest only financing Cash-on-Cash return of 8.46% with $1.5M down payment.
Located in the main retail corridor a half mile from the Valley Vista Mall and within ±2.9 Million SF of retail space within a 1-mile radius.
Located in the Rio Grande Valley ±13 miles from the Mexican border and the Free Trade Bridge.

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Walgreens For Sale
Guthrie, OK
$4,237,036
6.75% CAP
12.5 Years Remaining
Absolute Net
VIEW DETAILS

Assumable interest only financing Cash-on-Cash return of 10.29% with $1.5M down payment.
This Walgreens is the only drugstore in the main Guthrie trade area with the nearest national chain drugstore over 13 miles away.
This property is located on the main retail corridor of Guthrie directly across the street from a Walmart Supercenter and other national retailers. The nearest mail retail corridor is over 19 miles south.

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Walgreens For Sale
DeBary, FL
$7,714,285
5.25% CAP
13.5 Yrs Remaining
Absolute Net
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Absolute NNN lease with no landlord responsibilities whatsoever and benefits from the sale of beer and wine.
Located 26 miles north of Orlando on the northern shore of the St. Johns River, DeBary is the gateway to southwestern Volusia County, with direct access to I-4, that serves as a corridor between Orlando and Sanford.
Direct access via US-17, the main thoroughfare in DeBary with traffic counts of over 37,312 vehicles per day.

AVAILABLE

Rite Aid For Sale
Battle Creek, MI
$1,938,780
10.00% CAP
3.5 Yrs Remaining
Double Net
VIEW DETAILS

Rite Aid retained this location in its sale of 1,900+ locations to Walgreens in 2018 showing commitment to the site.
Directly across the street from this Rite Aid is a Walgreens which makes this a strategic location for both drugstore tenants.
This Rite Aid benefits from its location in a medical corridor with numerous hospitals, clinics and nursing homes in the immediate area.

AVAILABLE

Walgreens For Sale
Warren, MI
$4,676,906
7.50% CAP
7.5 Yrs Remaining
Absolute Net
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Located in a suburb 19 miles NE of downtown Detroit and is part of the Detroit MSA with over 3.9 million residents.
Located at signalized corner of 13 Mile Rd. & Hoover Rd. with a combined traffic count of 43,579 VPD.
The average HH income is $78,206 in a 1-mile radius and total population is 314,197 in a 5-mile radius.

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Walgreens For Sale
Farmington Hills, MI
$5,809,400
7.50% CAP
7.5 Years Remaining
Absolute Net
VIEW DETAILS

Located in a suburb 22 miles NW of downtown Detroit and is part of the Detroit MSA with over 3.9 million residents.
Located at signalized corner of Orchard Lake Rd. & 10 Mile Rd. with a combined traffic count of 30,684 VPD.
The average HH income is $90,846 in a and total population is 204,235 in a 5-mile radius.

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Walgreens For Sale
Stone Mountain, GA
$4,805,840
7.50% CAP
7.5 Years Remaining
Absolute Net
VIEW DETAILS

Located in a suburb 14 mis. NE of downtown Atlanta and is part of the Atlanta MSA with over 6.5 million residents.
Located adjacent to ±199,000 SF of retail space on the main retail corridor through Stone Mountain.
Located at signalized corner of Memorial Dr. & Rays Rd. with a combined traffic count of 47,430 VPD.

AVAILABLE

Walgreens For Sale
Amarillo, TX
$3,737,931
7.25% CAP
5+ Years Remaining
Double Net
VIEW DETAILS

Walgreens extended the lease in late 2019 showing commitment to this location.
Amarillo has a strong healthcare system with several large medical facilities just under three miles west of the subject property.
The subject property is located in the main retail corridor of Amarillo just a half mile north of Interstate 40 with approximately 6,600,000 square feet of retail space within a 4-mile radius.

AVAILABLE

Walgreens For Sale
Dripping Springs, TX
$7,090,909
5.50% CAP
14.5 Yrs Remaining
Absolute Net
VIEW DETAILS

This location benefits from a history of above average sales volumes and includes the sale of beer and wine.
There are no other national chain standalone drugstores within a 5-mile radius and there is no competing Walgreens for 12 miles.
Located in the heart of the city at the signalized SWC of West HWY-290 and Ranch Rd. 12 with combined traffic counts of ±29,000 VPD.

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Walgreens For Sale
Southwest
$2,784,000
6.25% CAP
4.75 Yrs Remaining
Double Net
VIEW DETAILS

Price per square foot at $162.3 and rent per square foot at $10.14 are modest when compared to other drugstores being sold in the same Southwest region.
Outparcel to ±175,000 SF Grand Village Center with anchor tenants of Trader Joe’s, Sherwin Williams and Pep Boys Auto Service.
Located ±0.8 miles from the 404-bed Banner Del E. Webb Medical Center.

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Walgreens For Sale
Sunrise, FL
$4,518,109
5.50% CAP
9 Yrs Remaining
Double Net
VIEW DETAILS

Location has exceptional reported sales, sells beer/wine and is open until midnight.
Located at signalized corner of W. Oakland Park Blvd. & Hiatus Rd. and ±63,697 VPD.
Loyal customer base, 1/3 of population ±55 and ±300,000 residents in a 5-mi radius.

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Walgreens For Sale
Vancouver, WA
$6,335,652
5.75% CAP
12 Yrs Remaining
Absolute Net
VIEW DETAILS

Outparcel to Fourth Plain Center anchored by 24 Hour Fitness, near 930,000 SF Vancouver Mall with 150+ tenants.
Located near corner of NE Andresen Rd. & NE Fourth Plain Blvd. with combined traffic count of ±52,401 VPD.
Located in the Portland MSA north of the WA/OR border along the Columbia River, 11 miles north of the Portland International Airport.

AVAILABLE

Rite Aid For Sale
Grand Junction, CO
$2,715,000
8.39% CAP
2 Yrs Remaining
Absolute Net
VIEW DETAILS

Rite Aid retained this store in its sale of 1,900+ locations to Walgreens, and has a successful operating history of 20+ yrs at this location.
St. Mary’s Medical Center, West Springs Hospital and The Grand Junction VA Medical Center are all located within a 4-mile radius.
35,556 Vehicles per day – On signalized corner of 30 Rd & Patterson Rd, the main arterial to downtown Grand Junction.

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CVS For Sale
Mauldin, SC
$2,200,000
6.20% CAP
3.5+ Yrs Remaining
Double Net
VIEW DETAILS

This CVS includes a Minute Clinic location, one of ±1,100 locations within the ±9,900 CVS stores
Healthy real estate fundamentals with a modest rent of $13.45/SF and a price of $217/SF.
Average HH income in a 5-mile radius it is $89,798, and a population of 333,786 in a ten-mile radius.

AVAILABLE

Walgreens For Sale
Portland, OR
$9,300,000
5.00% CAP
16+ Yrs Remaining
Absolute Net
VIEW DETAILS

Located just 5 miles NE from downtown Portland on one of the main thoroughfares leading into the city center.
Affluent Roseway Neighborhood with an average HH income of $82,825
Infill demographics with 426,271 pop. in 5-mile radius.

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Rite Aid For Sale
Calexico, CA
$6,219,230
6.50% CAP
6.5 Yrs Remaining
Double Net
VIEW DETAILS

The subject property is located 1.5 miles from the United States/Mexico border where approximately 7.1 million cars and 4.4 million pedestrians cross into and out of the United States annually.
This is the only standalone, national chain drugstore in the Calexico. Closest Walgreens and CVS locations are over 7 miles away.
Rental increases are ±10% at the first option and 5% every 5 years during the options. Rent increases to $444,675 in 2026.

AVAILABLE

Rite Aid For Sale
Waterbury, CT
$2,290,000
9.50% CAP
3 Yrs Remaining
Absolute Net
VIEW DETAILS

Rite Aid retained this store in its sale of 1,900+ locations to Walgreens and has a successful operating history of 20+ yrs. at this location.
Landlord collects additional rent of ±$5,000 from the sublease of the billboard located onsite.
Located in a dense retail corridor containing two major shopping malls totaling over 1.5 million square feet of retail space.

AVAILABLE

Rite Aid For Sale
Clio, MI
$3,136,761
7.75% CAP
11 Yrs Remaining
Absolute Net
VIEW DETAILS

Rite Aid retained this store in its sale of 1,900+ locations to Walgreens, and has a successful operating history of 20+ yrs at this location.
This Rite Aid is the only national drugstore chain in Clio with the next nearest competition over 4.4 miles to the south.
29,235 VPD – Located on corner of W Vienna St. & S Mills St. I-75, a major highway in the country is located 1.5 miles W with 62,100 VPD.

AVAILABLE

Walgreens For Sale
Franklin, KY
$1,950,000
8.50% CAP
1.5 Yrs Remaining
Absolute Net
VIEW DETAILS

Only Walgreens For 10 mi. – One of only two national chain drugstores serving the community of Franklin.
Store has a successful operating history of 20+ years at this site and is now operating as a Walgreens.
Located ±45 mins. N of Nashville, Tennessee and 25 mins. S of Bowling Green, Kentucky.

AVAILABLE

Walgreens For Sale
East Dublin, GA
$1,650,000
8.50% CAP
1.5 Yrs Remaining
Absolute Net
VIEW DETAILS

The store has a successful operating history of 20+ years at this site and is now operating as Walgreens
Only national chain drugstore serving the community, next nearest drugstore is over 4-miles away.
Located equidistant between Atlanta and Savannah which provides easy access from both metropolitan areas.

AVAILABLE

CVS For Sale
Lionville, PA
$2,476,190
5.25% CAP
20.5 Yrs Remaining
Absolute Net
VIEW DETAILS

CVS has agreed to extend the lease to 20.5 years on an absolute net lease basis with 5% increases in the first 6 options.
Located in an affluent suburb with an average household income is $143,341 in a 3-mile radius.
The subject property includes a Minute Clinic, one of ±1,100 locations within the ±9,900 CVS stores.

RECENTLY SOLD PROPERTIES

Walgreens – Alexander City, AL
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 – Bogalusa, LA
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 – Spring Hill, FL
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.

Walgreens – Tucson, AZ
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.

Rite Aid – Bakersfield, CA
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 – Memphis, TN
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.

CVS – Lombard, IL
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 – Johnston, RI
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 – Augusta, ME
Location acquired by Walgreens in 2018 and has a successful operating history of 20+ years at this site.
Twelve years remaining with 2 (5-year) options to extend on an absolute net lease.
Located just 1.4 miles to the northeast of downtown Augusta across the Kennebec River with a daily traffic counts of over 25,000 vehicles per day.