Walgreens, CVS, and Rite Aid for Sale

AVAILABLE

CVS For Sale
Big Bear, CA
$6,154,760
5.00% CAP

VIEW DETAILS

• Absolute net lease with 9.5 years remaining.
• One of two drugstores in Big Bear and only CVS location.
• Adjacent to only shopping center which is anchored by Vons and Starbucks.
• Big Bear is the main ski resort destination in S. California with ±3,000,000 annual tourists.

CVS – St. Petersburg, FL

• • • • Two major medical facilities within a 1.5 mile radius, St. Anthony’s Hospital and Johns Hopkins Children’s Hospital.
      • Located on the West Coast of Florida along the Tampa Bay.
      • This store is open 24 hours.

Walgreens – Austin, TX

• • • • Located 15 miles NW of downtown Austin in Round Rock MSA.
      • Construction is limited along Hwy. 620 due to proximity to protected wildlife corridors, parks, recreational areas, etc.
      • Affluent location with average household income of $160,768 in a 5-mile radius.

Walgreens – Bradenton, FL

• • • • One of only two drugstores in the immediate area.
      • This location is open 24 hours.
      • 20 year history of operations at this location and recently exercised an option showing commitment to this location.

Walgreens – Yucca Valley, CA

• • • • Located at entry to Joshua Tree National Park and 29 Palms Marine Base.
      • Sale included 4 adjoining parcels totaling ±4.75 acres.
      • Located along Hwy. 62 the main thoroughfare through Yucca Valley.

Walgreens – Sandy Springs, GA

• • • • Companies headquartered in Sandy Springs include Mercedes-Benz USA, Cox Communications and UPS.
      • Located 18 miles north of downtown Atlanta and part of the Atlanta MSA with over 6.5 million residents.
      • Densely populated and affluent location.

Walgreens – Baltimore, MD

• • • • Located near Pimlico Racetrack slated for redevelopment plan including surrounding area.
      • Located near Sinai Hospital, Johns Hopkins University and Johns Hopkins Hospital.

Walgreens – Odessa, TX

• • • • Strong performing 24-hour store.
      • Out-parcel to the Westgate Neighborhood Shopping Center across from Albertson’s.
      • Main retail corridor location near Walmart Supercenter.

Walgreens – Manchester, GA

• • • • Rebranded in 2018 when Walgreens assumed the lease.
      • Limited drugstore competition, no other Walgreens for 17 miles.
      • New lease extension with increases.

CVS – Houston, TX

• • • • Strong Reported Sales Volumes
      • Shopping Center Out-Parcel

Walgreens – Tonawanda, NY

• • • • Located 10 miles north of downtown Buffalo.
      • Near the University of Buffalo with over 30,000 students.
      • Tonawanda retail district location near Degraff Memorial.

CVS – Semmes, AL

• • • • 20 year history of operations at this location.
      • Strategic location for CVS, located across from Walgreens.
      • CVS agreed to lease extension with increases.

Walgreens – Depew, NY

• • • • Located on Broadway, main thoroughfare into downtown Buffalo located 11 away.
      • Walgreens extended this lease showing commitment to this location.
      • Area with strong demographic profile.

Walgreens – Baltimore, MD

• • • • Tenant exercised option showing commitment to this location.
      • One mile from US Social Security Administration and Health and Human Services campus.
      • Baltimore is the most populous city in Maryland.

Walgreens – Dyersburg, TN

• • • • Buyer assumed CMBS loan.
      • Located at crossroads connecting the region’s major cities.
      • Across from Walmart Supercenter and adjacent to Kroger.

Walgreens – Johns Creek, GA

• • • • Located within Technology Park including 6M square feet of retail, office and industrial space.
      • CBMS loan assumed by buyer.
      • Next to Emory Johns Creek Hospital.

Walgreens – Amarillo, TX

• • • • Across from ±300,000 SF Center
      • Strong Residential Demographics

Walgreens – North Owasso, OK

• • • • On main retail corridor near Walmart, Target, Sam’s Club and Home Depot.
      • Ascension St. John Medical Center is less than one mile north.
      • Strategically located across the street from CVS.

Walgreens – Guthrie, OK

• • • • CMBS loan assumed by buyer.
      • Nearest drugstore is over 13 miles away.
      • Directly across the street from Walmart Supercenter.

Walgreens – Newport News, VA

• • • • Exercised first option showing commitment to this location.
      • High traffic counts at intersection of ±51,000 vehicles per day.
      • Medical corridor with different healthcare facilities nearby.

Walgreens – Harlingen, TX

• • • • CMBS loan was assumed by the purchaser.
      • Valley Vista Mall is one-half mile away.
      • Approximately 2.9 million square feet of retail space within 1-mile radius.

Walgreens – Farmington Hills, MI

• • • • 22 miles northwest of downtown Detroit.
      • Strong demographics in a 5-mile radius with household income over $90,000 and population over 200,000.
      • Detroit MSA includes approximately 3.9 million residents.

Walgreens – Dallas, GA

• • • • Walgreens acquired Rite Aid across the street and transferred prescriptions to this location.
      • CMBS loan assumption by buyer.
      • Thirty-seven miles north of downtown Atlanta.

Walgreens – Duluth, GA

• • • • Tenant exercised two consecutive options.
      • Located one block from Riverbrook and Cresswell residential developments.
      • Only national standalone drugstore in a two mile radius.

Walgreens – Southwest US

• • • • Outparcel to ±175,000 square foot Grand Village Center.
      • Walgreens recently exercised an option.
      • Less than one mile to Banner Del E. Webb Medical Center.

CVS – Richmond, TX

• • • • Affluent and densely populated demographic area.
      • Located in Houston MSA at front entrance to Grand Mission master-planned community.
      • Near Westpark Tollway at intersection with over 38,000 VPD.

Walgreens – Dripping Springs, TX

• • • • No other national chain standalone drugstores within a 5-mile radius.
      • Store has a history of strong performance.
      • Located  along Highway 290 in the heart of the city.

Walgreens – Amarillo, TX

• • • • Walgreens extended lease in 2019.
      • Several large healthcare facilities within 3-mile radius.
      • Within retail corridor of 6.6 million square feet.

Walgreens – McDonough, GA

• • • • Walgreens exercised another 5-year option.
      • Located 28 miles southeast of Atlanta.
      • Several recently built housing developments within a 2-mile radius.

Walgreens – Stone Mountain, GA

• • • • 14 miles northeast of Downtown Atlanta.
      • Adjacent to ±199,000 square feet of retail space.
      • Heavily trafficked intersection with 47,430 VPD.

Walgreens – Warren, MI

• • • • Detroit MSA location with over 3.9 million residents.
      • One-mile radius household income of over $78,000.
      • Five-mile radius population of over 314,000 people.

Walgreens – Pawtucket, RI

• • • • Walgreens exercised two 5-year options.
      • Store and pharmacy are open 24-hours.
      • Just north of downtown Providence.

CVS – Montgomery, AL

• • • • CVS signed a 15 year lease extension.
      • One block from Montgomery General Hospital.
      • Only national chain drugstore in Montgomery.

CVS – Hillsboro, IL

• • • • Over 60+ years of operating history as grocery/pharmacy.
      • Less than one mile from Hillsboro Area Hospital.
      • Limited drugstore competition.

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 – Southwest US

• • • • 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.

Walgreens – Collinsville, IL

• • • • Adjacent to I-55 with 47,000 VPD
      • Outparcel to 53.7 Acre Collinsville Crossings Center

CVS – Westfield, IN

• • • • Next to New Residential Developments
      • 18 Miles North of Indianapolis

Walgreens – Austin, TX

• • • • 14 Miles North of Downtown Austin
      • Near St. David’s North Austin Medical Center

Walgreens – Providence Rhode Island MSA

• • • • 24 Hour Store and Pharmacy
      • 5 Miles North of Downtown Providence

Walgreens – Southwest US

• • • • High Traffic of ±45,000 VPD
      • Dense Demographics with ±365,000 Residents in 5-Mi

CVS Kingsport, TX

• • • • Retail Corridor Hwy-11 Location
      • Strategic Location Near Walgreens

Walgreens – Bradenton, FL

• • • • Affluent Demographics
      • Limited Drugstore Competition

CVS – Katy, TX

• • • • Blocks to Interstate 10
      • Houston MSA Location

Walgreens – Mobile, AL

• • • • Near Providence Hospital
      • Limited Drugstore Competition

Walgreens – Hutchinson, MD

• • • • Near Hutchinson Health Hospital
      • Half Mile from Walmart and Target Centers

CVS – Dekalb, IL

• • • • Across from Northern Illinois University
      • Just north of Chicago-Kansas City Expressway

Walgreens – Lincolnton, NC

• • • • Near Atrium Health Hospital
      • Main Retail Corridor Location

CVS – Compton, CA

• • • • Dense Los Angeles California Location
      • In-Line Location with Ample Parking and Supporting Tenants

Walgreens – Loveland, CO

• • • • Limited Drugstore Competition
      • Part of Fort Collins Metro Area

Walgreens – McDonough, GA

• • • • In-Store Clinic Location
      • Top 10 Atlanta MSA

Walgreens – Indio, CA

• • • • Densely Populated Riverside County
      • Directly Across from CVS

Walgreens – Alma, AR

• • • • Across from Walmart Supercenter
      • Blocks from I-40 and I-49

CVS – Saraland, AL

• • • • Growing Suburb of Mobile
      • Main Retail Corridor Location

Walgreens – Clarksville, MD

• • • • Main Retail Corridor Location
      • One Block From Hwy-32

CVS -Signal Mountain, TN

• • • • On-Site Minute Clinic
      • Affluent Area Demographics

Walgreens – Brentwood, CA

• • • • 55 Miles Northeast of San Francisco
      • Surrounded by Residential Developments

CVS – Rocklin, CA

• • • • Sacramento MSA Location
      • Retail Corridor Near Westfield Galleria Mall

Walgreens – Duluth, GA

• • • • Extremely High Traffic Counts of $87,200 VPD
      • Strong Infill Demographics

Walgreens – Townsend, DE

• • • • Affluent Demographics
      • Philadelphia MSA Location

CVS – El Monte, CA

• • • • Los Angeles MSA Location
      • Highly Infill Demos, ±600,000 Residents in 5-Miles

Walgreens – Gurnee, IL

• • • • One Mile West of Six Flags Great America
      • One Mile from Six Flags Great America

Walgreens – Humble, TX

• • • • Top 5 Houston MSA Location
      • Traffic Counts of over 50,000 VPD

Walgreens – Mount Airy, NC

• • • • Direct Access to Highway 52
      • Main Retail Corridor Location

CVS – Ontario, CA

• • • • Los Angeles MSA Location
      • One Block from CA State Highway 60

Walgreens – Reynoldsburg, OH

• • • • Out-Parcel to Walmart Supercenter
      • Traffic Counts of Over 60,000 VPD

Walgreens – Portland MSA

• • • • Direct Access to I-205 & Hwy. 500
      • Across from 250,000 SF Retail Center

CVS – S. Williamson, KY

• • • • Within Two Miles of Two Hospitals
      • Direct Access to Highway 119

Walgreens – Anoka, MN

• • • • Dense Minneapolis MSA
      • Traffic Counts of ±50,000 VPD

CVS – Tulsa, OK

• • • • Traffic of Over 42,000 VPD
      • Across from S. Hills Country Club

Walgreens – Round Rock, TX

• • • • Traffic Counts of ±52,000
      • Main Retail Corridor

Walgreens – Lake City, GA

• • • • Top 10 Atlanta MSA with ±5.5M Residents
      • Across from ±180,000 SF Atlanta National Archives

Rite Aid – Escondido, CA

• • • • Infill North San Diego Location
      • Blocks to I-15 & Hwy-78

Walgreens – Lawton, OK

• • • • 24-Hour Store
      • Five Hospitals in 3 Miles

Walgreens – West Coast US

• • • • Traffic Counts of ±63,000 VPD
      • Near University Medical Center

Rite Aid – Yardville, NJ

• • • • 5 Miles from Capitol City of Trenton
      • Direct Access to I-195, Traffic of ±67,000 VPD

Walgreens – East Moline, IL

• • • • Quad Cities MSA
      • Favorable Demographics

CVS – Belleville, MI

• • • • Legacy Location Since 1950’s
      • Dense Detroit MSA with ±4.3M Residents

Walgreens – Crowley, TX

• • • • Fort Worth MSA Location in Medical Corridor
      • Strategically Located Across from CVS

Walgreens – Twin Falls, ID

• • • • Store with Limited Competition
      • Near College of Southern Idaho

Walgreens – Dothan, AL

• • • • Adjacent to SE Alabama Medical Center
      • Across the Street from CVS

Walgreens – Tallahassee, FL

• • • • Across from ±747,000 SF Tallahassee Mall
      • Traffic Counts of ±61,000 VPD

CVS – Woodbridge, VA

• • • • Near Santana Lake Ridge Hospital
      • Affluent Demographics

Walgreens – Winter Springs, FL

• • • • Only 15 Miles NE of Orlando
      • Across from Walmart Neighborhood Market

Walgreens – Warwick, RI

• • • • Above Average HH Income of $87,000 in a 3-Mile Radius
      • Eleven Miles to Downtown Providence

Rite Aid – Warren, OH

• • • • Near St. Joseph Warren Hospital
      • In Vicinity of 3.2M SF of Retail

Walgreens – Tampa, FL

• • • • Infill Tampa Location
      • Strategically Located Across from CVS

Walgreens – Valrico, FL

• • • • Tampa MSA Location
      • High Traffic of ±70,000 VPD

Walgreens – Suwanee, GA

• • • • One of Only Two Drugstores in 3-Mi Radius
      • Adjacent to Kroger Anchored Center

Walgreens – Sunrise, FL

• • • • 24-Hour Store, Traffic ±42,000 VPD
      • Miami Metropolitan Area Location

Walgreens – Streator, IL

• • • • Near St. Mary’s Hospital
      • Limited Drugstore Competition

CVS – Spring Hill, FL

• • • • Densely Populated Location
      • Affluent Demographics

Walgreens – St. Peters, MO

• • • • Two Blocks From 1.1M SF Mid Rivers Mall
      • St. Louis MSA Location Via I-70

CVS – Romulus, MI

• • • • High Traffic of ±53,000 VPD
      • Affluent Demographics of $100,000 in 5-Mi Radius

Walgreens – Rock Hill, SC

• • • • Across the Street from Winthrop University
      • One Mile to Piedmont Medical Center

Walgreens – Racine, WI

• • • • Twenty-Five Miles South of Milwaukee
      • West Coast of Lake Michigan Location

Walgreens – Southwest US

• • • • Outparcel to Home Depot
      • Infill Demographics with ±416,000 Residents in 5-Mi

CVS – Mount Clemens, MI

• • • • Legacy Location Since 1970’s
      • Detroit MSA Location

Walgreens – O’Fallon, MO

• • • • St. Louis MSA Location with ±2.8M Residents
      • Less Than a Mile from Interstate 70

Walgreens – Lansing, IL

• • • • Traffic Counts of ±40,000 VPD
      • Over 240,000 residents in 5-mi Radius

CVS – Orlando, FL

• • • • 8 Miles to Downtown Orlando
      • Near Florida Hospital East Orlando

Walgreens – Fort Worth, TX

• • • • Strong Infill Location
      • 1M Retail SF in 3-Mi Radius

CVS – Ossining, MA

• • • • 24-Hour Store Blocks to Hudson River
      • Thirty-Four Miles to Downtown Manhattan

Walgreens – Chicago, IL

• • • • 24 Hour Store
      • 2.5 Miles from Chicago Midway International Airport

CVS – Nashua, NH

• • • • Main Retail Corridor Location
      • Across from Target and USPS Logistics

Walgreens – Odessa, TX

• • • • 24 Hour Store
      • Limited Drugstore Competition

Walgreens – N. Providence, RI

• • • • 4 Miles from the Captial City of Providence
      • Over 375,000 Residents in a 5-Mile Area

Walgreens – Norcross, GA

• • • • 24 Hour Store with Limited Competition
      • High Traffic Count of 59,347 Vehicles Per Day

CVS – Morristown, TN

• • • • Direct Access to Highway 66
      • Near College Square Mall Shopping Center

Walgreens – Melbourne, FL

• • • • Irreplaceable Oceanfront Location
      • Main Tourist Thoroughfare with Limited Competition

Walgreens – Dayton, TX

• • • • No Other National Chain Drugstores in 5-Mi Radius
      • Greater Houston MSA Location

CVS – Manchester, NH

• • • • Direct Access to Interstate 293
      • Main Retail Corridor Near Mall of New Hampshire

Walgreens  – Dallas, TX

• • • • Just South of N. Texas VA Hospital
      • Nine Miles South of Downtown Dallas

CVS – Martinez, CA

• • • • In-Line in Center Anchored by Lucky
      • One Block to Hwy 4 in Bay Area with ±79,000 VPD

Walgreens – Dallas, TX

• • • • One Block To VA Hospital
      • Across the Street from CVS

Walgreens – Corpus Christi, TX

• • • • Three Hospitals within 2 Miles
      • Adjacent to Walmart & Sam’s Club

Walgreens – Galveston, TX

• • • • Blocks from UTMB Hospital
      • Houston MSA Location

CVS – Mooresville, NC

• • • • Adjacent to Mooresville Crossing Center
      • Direct Access to Interstate 77

Walgreens – Indian Head, IL

• • • • Dense Chicago MSA Location
      • Traffic Counts of ±50,000 VPD

Rite Aid – Johnstown, NY

• • • • Robust Retail Corridor of ±200,000 SF
      • Only National Chain Drugstore in Johnstown

Walgreens – Belleview, FL

• • • • Strategically Located Across from CVS
      • Busy Intersection with ±40,000 VPD

Walgreens – Aurora, IL

• • • • Top 10 Chicago MSA Location
      • Two Blocks from Rush Copley Medical Center

Walgreens – Circle Pines, MN

• • • • Minneapolis MSA Location
      • Blocks from Interstate 35W

Walgreens – Hays, KS

• • • • Main Retail Corridor Location
      • Only National Chain Drugstore in Hays

CVS – Independence, MO

• • • • Kansas City MSA Location
      • Directly Across from Walgreens

Walgreens – Arlington, TX

• • • • Dense Residential Area Just South of I-20
      • Dallas-Ft. Worth Central Location

CVS – Hartford, CT

• • • • Across from St. Francis Hospital
      • Surrounded by Residential Neighborhoods

Walgreens – Southwest US

• • • • Across from Banner Thunderbird Medical Center
      • Seventeen Miles NW of State Capitol

CVS – Frederick, MD

• • • • Directly Across from Walmart Supercenter
      • 1/2 Mile to Hwy 15 in New Residential Development

Walgreens – Fayetteville, NC

• • • • Strong Employment Base
      • Directly Across from CVS

Walgreens – Des Moines, IA

• • • • Located Within Retail Corridor of ±860,000 SF
      • Traffic County of ±48,000 VPD

CVS – Cuyahoga Falls, OH

• • • • Across from Western Reserve Hospital
      • Three Miles to Downtown Akron

Walgreens – Columbus, OH

• • • • Strategically Located Across from CVS
      • Infill Location with ±266,000 Residents in 5-Mi Radius

Walgreens – Cleveland, TN

• • • • Seven Miles East of Downtown Cleveland
      • Main Retail Corridor Location

Walgreens – Topeka, KS

• • • • Two Blocks from Interstate 470
      • Main Retail Corridor Location

CVS – Milwaukee, IL

• • • • Near Froedert Hospital
      • Dense Infill Population of ±470,000

Walgreens – Springfield, IL

• • • • Main Retail Corridor
      • Blocks To Interstate 72

Walgreens – Indianapolis, IN

• • • • Two Blocks from University of Indianapolis
      • Dense Indianapolis MSA

CVS – Houston, TX

• • • • 24 Hour Store
      • Busy Retail Corridor

Walgreens – Midland, TX

• • • • Across from Midland Memorial Hospital
      • Traffic Count Exceeding 50,000 VPD

Walgreens – Memphis, TN

• • • • Limited Drugstore Competition
      • Solid Demographics with ±256,000 Residents in a 5-MI Radius

Walgreens – Lindenwold, NJ

• • • • High traffic near Patco Station
      • Exceptional Infill New Jersey Location

Walgreens – Chicago, IL

• • • • Seven Miles from Downtown Chicago
      • Traffic Counts of ±60,000 VPD

Walgreens – Shawnee, KS

• • • • Affluent Demographics
      • Minutes to Kansas City

CVS – Mt. Vernon, IL

• • • • Limited Drugstore Competition
      • Main Retail Corridor Location

Walgreens – Brecksville, OH

• • • • Rare Rental Increases
      • Limited Drugstore Competition

Walgreens – Fort Worth, TX

• • • • Across from CVS
      • Blocks to TX Christian University

Rite Aid – Cuba, NY

• • • • No Drugstore Competition
      • Adjacent to Interstate 84

Walgreens – Bessemer, AL

• • • • 24-Hour Store
      • Two Hospitals within 3 miles