Walgreens, CVS, and Rite Aid for Sale

AVAILABLE

Walgreens For Sale
Baltimore, MD
$4,551,724
7.25% CAP
±5 Yrs Remaining
Double Net
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Walgreens reported solid sales and recently exercised their first option showing commitment to this location. The next option begins July 1, 2025 and rent will increase by 18.5%.
Baltimore has a $200M redevelopment plan for the Pimlico racetrack and the surrounding area. Nearly 50 acres have been set aside for private development including a $100M housing development of 17 acres south of Pimlico.
This Walgreens is located near several major medical facilities such as Sinai Hospital (505 beds), Johns Hopkins University (27,000 students and 5,000 employees) and Johns Hopkins Hospital (1,162 beds).

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Walgreens For Sale
Baltimore, MD
$4,262,068
7.25% CAP
±4.5 Yrs Remaining
Double Net
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Walgreens reported solid sales and exercised their first option showing commitment to this location.
The offices of the U. S. Social Security Administration and Health and Human services are located 1 mile from the subject property and employ 7,000 residents in the area.
Baltimore is the most populous city in Maryland and is part of the Washington-Baltimore combined statistical area which has a population of ±10 million residents.

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Walgreens For Sale
Odessa, TX
$5,440,000
6.25% CAP
6.5 Yrs Remaining
Absolute Net
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Absolute net lease with ±6.5 years remaining and ten (5-year) options to follow with no landlord responsibilities whatsoever.
Reported sales volumes of over $5,000,000 and is the only 24-hour Walgreens store and pharmacy in the Odessa market.
Out-parcel to the Westgate Neighborhood Shopping Center (97,000 SF) anchored by Planet Fitness, and across the street from Albertson’s grocery store.
One mile west is a Walmart Supercenter and national retailers such as HEB, Wells Fargo, GameStop, Pizza Hut, and Domino’s Pizza.

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CVS For Sale
Rockville, IN
$5,300,000
6.08% CAP
±11.5 Yrs Remaining
Absolute Net
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This CVS was a relocation of a store that reported $8,000,000 in gross sales with has an established customer base.
CVS has shown commitment to site by signing a long-term lease on an absolute net lease basis with approximately 11.5 years remaining and allows for ±5% increases at every option.
Only freestanding national drugstore chain in Rockville. The closest CVS is 11 miles away and the closest Walgreens is over 17 miles away.

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Rite Aid For Sale
Waterford, MI
$2,176,470
8.5% CAP
±3.75 Yrs Remaining
Double Net
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Approximately 3.75 years of lease term remaining on a double net lease with landlord responsible for roof and structure. Rite Aid has 5 options, rent will increase by 53% to $283,089 in 2023, the remaining 4 options have ±4% increases.
Preferred Rite Aid location with 20+ years of operating history and Rite Aid retained this location in its sale of 1,900 stores to Walgreens. Across the street from this Rite Aid is a CVS which makes this a strategic location for both drugstore tenants.
Located ±35 miles NW of downtown Detroit, the 14th most populous MSA in the US with a population of ±4.3M residents. In a 5-mile radius, the average household income is $76,400 and the total population is 143,897 residents.

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Walgreens For Sale
Columbia, IL
$4,248,105
6.65% CAP
±11.75 Yrs Remaining
Double Net
VIEW DETAILS

Walgreens extended the lease early showing commitment to this location, there are ±11.75 yrs. remaining and 7 (5-year) options. Walgreens is reporting solid sales at this location which is open until 10:00 PM, sells liquor, beer and wine.
Only one other drugstore within a 5-mi. radius, a CVS ±0.2 mi. NW making this a strategic location for both Walgreens and CVS. There are no other Walgreens properties for over 5 mi. and the next nearest CVS is over 7 mi. away.
Located 15 mi. south of Downtown St. Louis, the 20th largest MSA in the US with ±3M residents. Minutes from I-255, the average HH income is $80,446 within a 5-mi. radius and the population is 260,135 in a 10-mi. radius.

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Walgreens For Sale
Broken Arrow, OK
$4,923,076
6.50% CAP
±8.75 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
VIEW DETAILS

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
(Escondido)
$5,000,000
5.37% 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
VIEW DETAILS

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
Duluth, GA
$2,800,000
6.50% CAP
10 Yrs Remaining
Double Net
VIEW DETAILS

Walgreens recently exercised 2 consecutive options showing commitment to this location.
Only national standalone drugstore within a 2 mile radius.
Located in a suburb 31 miles southeast of downtown Atlanta, Georgia and is part of the Atlanta MSA.
Located within a block of Riverbrook (600 homes) and Cresswell (150 homes).

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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.

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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
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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.

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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.

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Walgreens For Sale
Manchester, GA
$1,379,310
7.25% CAP
±9.5 Yrs Remaining
Double Net
VIEW DETAILS

Walgreens assumed lease obligations in 2018 and the store is currently undergoing an extensive rebranding process which is slated to be completed this spring.
This lease allows for rare 5% rent increases in the options. Walgreens recently agreed to a 10 year lease extension. Roof was replaced in 2014 and carries a transferable 20 year warranty.
There is only one drugstore within a 5-mile radius which is a CVS ±0.3 miles NW of the subject property. There are no other Walgreens properties for over 17 miles.

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Walgreens For Sale
Newport News, VA
$2,000,000
7.50% CAP
5 Yrs Remaining
Double Net
VIEW DETAILS

Recently exercised first option showing commitment to this location including rare 10% increases in the options.
Located near medical facilities such as Riverside College of Health Careers, James River Convalescent and Rehab Center and Riverside Regional Medical Center.
Located at the signalized intersection of Jefferson Ave. and Main St. with traffic counts of ±51,000 VPD.

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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.

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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.

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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
$2,096,246
6.50% CAP
2.75+ 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 $207/SF.
Average HH income in a 5-mile radius it is $89,798, and a population of 333,786 in a ten-mile radius.

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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.

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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.

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.