Walgreens, CVS and Rite Aid for Sale
- This location is reporting ±$16 million is sales and has experienced year-over-year increased sales volumes which are now 30% higher versus 2020.
- CVS has been operating here for nearly 25 years and recently extended their lease early to 15 years with 5%rental increases in the options.
- In 2023, the Property had major capital improvements including a new roof, parking lot restripe/sealing and exterior building updates.
- This is the only standalone national brand drugstore within a 5-mile radius.
- Household income in a 3-mile radius of the subject property is $108,513.
- Property to be delivered free and clear of debt. There are no rent holidays.
**CONTACT BROKER FOR PRICING**
- Only drugstore in a 11-mile radius serving the entire Roseboro market.
- There are over 14 years of lease term remaining with 10 (5 year) options to follow.
- North Carolina Welding, LLC, purchased 17 acres from Sampson County as part of their expansion in Roseboro, adding to the existing 359,000 square feet of industrial space in a 1-mile radius.
- Centrally located between Fayetteville and the U.S. Interstate 40.
- Located in the only national grocery store anchored retail center in Roseboro.
- Walgreens has a history of strong reported sales volumes at this location.
- Less than 1 mile of ThedaCare Regional Medical Center which is the region's largest employer (7,000+ employees, 172 beds).
- Dense retail and industrial trade area with 6.2 million square feet of retail space and 8.3 million square feet of industrial space in a 3-mile radius.
- Located directly across the street from Edenbrook Nursing Home (150 beds) and 0.7 miles from Rennes Health and Rehabilitation Center (88 beds).
- Appleton is the 6th largest city in Wisconsin with a population of 143,000 in a 5-mile radius.
- Located at the signalized hard corner with strong combined traffic count of 30,000 VPD and blocks from Interstate 41 with traffic count of 76,200 VPD.
**CONTACT BROKER FOR PRICING**
- Over 14 years of lease term remaining with 10 (5 year) options to follow.
- Only Walgreens in a 18-mile radius serving the entire Fremont market.
- Close proximity to major health providers such as Corewell Health Gerber Memorial and Newaygo Medical Care Facility.
- Short distance from to Gerber/Nestlé Research and Development Center, largest employer in Fremont.
- Situated with frontage on West Main Street (traffic counts of 14,500 VPD).
- Walgreens has a 16 year operating history at this location.
- Walgreens extended this lease by 10 years in March of 2024 showing commitment to this location.
- This is an absolute net lease with no landlord responsibilities whatsoever.
- Walgreens is reporting exceptional sales volumes at this location.
- The lease allows for 5% rental increases at each of the options.
- Within a 5-mile radius, the household income is $117,632 with a population of 128,470 residents.
- More than 1 million square feet of medical space in a 5-mile radius including WakeMed Hospital (61 beds) located 3.6 miles southwest and UNC Rex Healthcare Surgery Center (outpatient) just 1.3 miles northeast.
- Over 2,000 apartment units within a 1-mile radius including two blocks from an independent senior living complex with 121 units.
**CONTACT BROKER FOR PRICING**
- Only national chain drugstore in a 4-mile radius and only drugstore serving the area west of the Ouachita River.
- Walgreens has a 15+ year operating history at this location.
- Situated with frontage on Airport Road (26,000 VPD) leading to thermal hot springs which draw ±2.6 million tourists annually.
- 430 multi-housing units within a 1-mile radius of the Property spread throughout multiple complexes.
- There are over 14 years of lease term remaining with 10 (5 year) options to follow
- Amazon recently announced a new 35K SF facility in Hot Springs.
**CONTACT BROKER FOR PRICING**
- Walgreens has an 11 year operating history here and this location has been operating as a pharmacy since 2007.
- There are over 14 years of lease term remaining with replaceable market rents and 10 (5 year) options to follow.
- Troutman’s population increased 44% from 2019 to 2024 and is currently growing at a rate of 8.8% annually.
- In 2021, less than a mile and a half from the Property Walmart completed construction of a new 1-million square foot distribution center, adding 500 full time jobs.
- 1.5 Miles from Subject Property, Walmart recently completed construction of a new 1-million square foot distribution center adding 500 full time jobs.
- 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.
**CONTACT BROKER FOR PRICING**
- Over 14 years of lease term remaining with 10 (5 year) options to follow.
- National retailers TownPlace Suites by Marriott, Aldi, Neuens Auto and Kwik Trip are all expected to open new locations in Iron Mountain.
- Close proximity to major health providers such as Oscar G Johnson VA Medical Center and Marshfield Medical Center.
- Marshfield Medical Center’s Cancer Center expansion 1.4 miles SE of the Property is nearing completion later this year.
- Situated with frontage on US-141 (traffic counts of 20,000 VPD).
- Only national brand name drugstore in a 47-mile radius serving the entire Iron Mountain market.
- Walgreens extended this lease by 10 years in March of 2024 showing commitment to this location.
- This is an absolute net lease with no landlord responsibilities whatsoever.
- The lease allows for 5% rental increases at each of the options.
- Walgreens is reporting exceptional sales volumes at this location with a rent-to-sales ratio of 2.14%.
- Only freestanding national brand drugstore within a 10-mile radius. Nearest Walgreens is 10.5 miles southwest and nearest CVS is 12.5 miles southwest.
**CONTACT BROKER FOR PRICING**
- Walgreens has a 16 year operating history at this location.
- Medical corridor location with 800+ medical beds combined and closest Walgreens to local hospitals.
- Affluent infill demographics with $139K HH income in 3mi radius and over 155,000 residents in a 5-mile radius.
- New developments within a 2-mi radius of the Property including a 38K SF medical office, a 200 acre mixed-use project and a 248-unit multifamily complex.
- Over 1.6 million SF of retail space in the immediate 1-mi radius as well as 9 hotels with a total of about 894 rooms.
- Walgreens is paying below market rents at $15.58 per square foot. Market rents in the area are approximately$21-$23 per square foot.
- Recently constructed in 2014, Walgreens still has ±15 years of firm lease term remaining before the option periods.
- Only national brand drugstore in a 15-mile radius.
- Located less than 2 miles away, Scotland Memorial Hospital consists of 104 beds and serves as the area's largest private employer, with over 1,000 full-time and part-time employees.
- 1.7 million square feet of retail space in a 1-mile radius anchored by Walmart Supercenter, Lowe’s Home Improvement, Tractor Supply Co, Harbor Freight Tools and Big Lots.
- SO-PAK-CO, Inc., a food processor and packager, invested $85 million to build a state-of-the-art processing and packaging facility creating 440 new jobs coupled with Tesla installing a new Supercharger Station.
- Located on US Highway 401 S (15,500 VPD) and directly off the ingress/egress of US Highway 74 (22,000 VPD).
- New developments within 2 miles include Evolve at Waterford, Exchange at Westgate, Brunswick Forest and Inspire at Brunswick Forest totaling 1,178 units.
- 1 million square feet of retail space in the immediate 1-mile radius anchored by Aldi, Harris Teeter and Walmart Supercenter.
- Located on a signalized corner with frontage on Ocean Highway E (56,000 VPD) and with direct access to Andrew Jackson Highway NE (71,000 VPD).
- Leland’s population increased 70% from 2010 to 2020 and is currently growing at a rate of 8.25% annually.
- Positioned less than 2 miles from Novant Health Brunswick Forest Medical Plaza which services the Greater Leland market.
- With a 2.5% corporate tax rate, North Carolina is continually ranked as one of the best business climates in the United States. CNBC named the state as America’s top state for business.
- Only Walgreens in a 12-mile radius serving the entire Eaton market.
- Kettering Medical Center is the only 24-hour emergency medical center in Preble County, Ohio.
- In 2023, Neaton Auto Parts and Henny Penny pledged over $29 million in expansions, bringing over 330,000 square feet of R&D and warehouse space to the Eaton market.
- 1.4 million square feet of retail in the immediate 1-mile radius anchored by Walmart Supercenter.
- Kroger announced plans in August 2023 to build a 72,000-square foot store that will employ 100 workers.
- Walgreens has a 16+ year operating history at this location.
- There are over 12 years of lease term remaining with 10 (5 year) options to follow.
- Only national chain drugstore for over 22 miles.
- The Property is located in a Designated Opportunity Zone.
- 1 mile South of Marion General Hospital (49 beds), the main hospital for Columbia and across the street from Fast Past Health Urgent Care.
- Located in the only shopping center anchored by national retail tenants for over 20 miles and there is 715,000 square feet of retail space in a 1-mile radius.
- Situated at the intersection of Sumrall Road and US-98 (traffic counts of 38,000 VPD) which serves as the east/west connector between Hattiesburg and McComb.
- Walgreens is reporting above average annual sales.
- Less than 1.5 miles from Research Triangle Park (7,000 Ac.) with over 375 companies including Alexandria, Bayer, Cisco and IBM. There are more than 60,000 employees with combined annual salaries of ±$2.7 Billion.
- Major developments within 3 miles include a $2 Billion mixed-use project (1 Million SF) with office, life-sciences, multi-family residential, hotel at HUB RTP and the conversion of Southpoint Mall to multi-family residential, office space, hotel and retail space.
- Affluent and dense demographic region with population of ±127,000 people with an average household income of ±$108,000 in a 5-mile radius.
- Over 685,000 SF of retail space in the immediate 1-mile radius with national tenants such as Starbucks, Food Lion, Big Lots, Dollar Tree, McDonald's and Chick-fil-A.
- Located on the corner of East NC Highway 54 and NC Highway 55 (combined 53,500 VPD) with direct access to Interstate 40 (131,000 VPD).
- 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.
- Two blocks north of the West Campus of Maine's State Capitol Buildings.
- Two Government campuses totaling 1.59 million square feet within a 1-mile radius.
- Maine General Health's Augusta Hospital is the largest private employer serving 88 cities in the region.
- Augusta and its downtown area are Designated Opportunity Zones.
- Absolute net lease with no landlord responsibilities whatsoever.
- One mile west of Interstate 4 with 130,000 vehicles per day.
- Medical corridor location just a half mile from Debary Health & Rehabilitation Center (120 Beds).
- Just north of Orlando near Disney World and Daytona Speedway.
- Amazon fulfillment center nearby with 1 million square foot facility 7 miles northeast and 130-acre Portland Industrial Park coming in 2024.
- Walgreens is guaranteeing approximately $327,375 of income over the remainder of their lease term.
- Walgreens had been reporting strong sales volumes at this location of over $7M annually. The retailer moved to a smaller store format as an outparcel to the adjacent center showing commitment to this retail corridor.
- DRB Homes has recently constructed 350 new homes to meet growing demand.
- Directly on US Highway 1 which is the main thoroughfare connecting Franklinton to Raleigh.
- Franklin County's population grew by 13% in the last 10 years.
- Only 7,000+ square foot owner/user redevelopment opportunity within 35 mile radius.
- Adjacent to Sierra View Medical Center with 167 beds and 600 employees. The next nearest hospital is 25+ miles away.
- Limited Walgreens competition with no other Walgreens for 20+ miles and serves over 30,000 households in the surrounding area.
- Buyer has the opportunity to assume debt in place, the existing 5.65% loan is assumable for 1% fee and is due August 2026.
- Medical corridor location with ±600,000 square feet of medical space in a 1-mile radius.
- Absolute net lease with no landlord responsibilities whatsoever.
- Walgreens recently added 10 years of lease term after exercising two of its options early and now has 9 (5 year) options to follow.
- Just 9.7 miles southwest of Downtown Tulsa, a metropolitan area with a population of over 1,000,000 people.
- Busy signalized intersection directly on Hwy. 97 which is the main north/south thoroughfare through Sand Springs with a combined traffic count of nearly 28,000 vehicles per day.
- Tenant is responsible for all building/occupying expenses and there are no landlord responsibilities whatsoever.
- Just two miles west of Tulsa Community College West Campus which enrolls ±20,000 across 4 Tulsa campuses.
- Lease allows for 10% rental increases every 10 years in the options.
- Less than a mile from University of Maine Fort Kent with 915 students enrolled.
- Less than a mile from Clair Fort Kent Bridge, allowing access to customers in both the United States and Canada.
- High visibility location with frontage on E Main St with 8,626 VPD.
- CVS recently extended the lease an additional 10 years showing commitment to this location.
- CVS closed a nearby store (3.9 Mi S) and transferred prescriptions to this location adding to customer base.
- Monroe Road is one of the major thoroughfares heading south from Charlotte towards Matthews and connects commuters heading into Downtown Charlotte.
- Infill Charlotte area demographics include almost 300,000 residents with an average household income of $100,609 within a 5-mile radius.
- Signalized corner with heavy combined traffic count on N Sharon Amity and Monroe Road of over 43,000 vehicles per day.
- Near major regional hospitals Novant Health Presbyterian Medical Center (622 beds), Atrium Health Carolinas Medical Center (874 beds) and Atrium Health Mercy (185 beds).
Recently Sold Drugstores
- Located in an infill area on main retail corridor leading directly into Downtown Baton Rouge.
- Located on signalized SEC of Florida Blvd. & Lobdell Blvd. with a combined traffic count of ±77,903 VPD.
- Subject property is an outparcel to a 725,000 SF office park on 5.15 acres.
- Dense economic region with 7M square feet of retail space, 3M square feet of office space and 2,600 multi-family units within a 3-mile radius.
- Heavily trafficked intersection with traffic count of over 40,000 vehicles per day.
- Affluent neighborhood with about $140,000 household income within a 1-mile radius.
