Walgreens, CVS and Rite Aid for Sale
- Walgreens reports above average sales of Ā±$3.76 million at this location.
- There are over 264,000 residents within 5 miles, supporting an average household income of $94,000.
- Lutheran High School is undergoing a $18 million renovation which includes adding a 622-seat performing arts theater.
- Walgreens hours of operation for this location are from 8 A.M. until 12 A.M.
- Walgreens is on an absolute net lease with no landlord responsibilities whatsoever.
- CVS guarantees the rental income which has 10% increases in the options and does not include a rent holiday.
- Property is Ā±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 is paying $12.22/SF which is significantly lower than the national average.
- Walgreens signed a 10-year lease extension in 2019 demonstrating their long-term commitment to the site.
- Located 2 miles East, Prospect Village is a new $375 million mixed-use project featuring retail, multi-family, hospitality, and sports complexes which will support the growth of the area.
- Freeman Hospital West (339 Beds), Freeman Hospital East (72 Beds), Landmark Hospital (28 Beds) and Mercy Hospital Joplin (191 Beds) are all located in a 3 Mile Radius of the Property.
- Located on the intersection of South Main Street and East 20th Street with over 27,000 VPD.
- In December of 2024, Walgreens announced that they would be closing their location in Belton making this the only Walgreens in a 5-mile radius.
- There are over 2,680 multifamily units within 2 miles of the Subject Property, supporting an average household income of $104,000+.
- Raymore is located 23 miles from Downtown Kansas City and is one of the fastest-growing cities in Missouri.
- There is 3 million square feet of retail space and over 2.6 million square feet of industrial space within 3 miles of the Subject Property.
- Subject Property is 1.5 miles from Belton Regional Medical Center, an 85-bed acute-care facility offering a full range of inpatient and outpatient services.
- This Walgreens is located on the opposite corner north of a CVS drugstore, making this a strategic location for both Walgreens and CVS.
- 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).
- Walgreens signed a new 15-year lease with 5% increases every 5 years.
- Zephyrhills is the largest city in Pasco County and has seen a 29% population increase since 2010.
- Over 950 new homes under construction within 2 miles of the Subject property.
- Florida's absence of state income tax makes it an attractive location for investment
- There are 7 assisted living facilities within 3 miles of the Subject Property to accommodate the 70% of the Zephyrhills population that are 50 years old and older.
- Located less than half a mile from the Kalamazoo Event Center, a $300 million project expected to break ground in November of 2024.
- Close proximity to WMU which consists of 22,500 students and employs 803 faculty as well as Kalamazoo College with 1,378 students.
- In 2014, Walgreens relocated to this site, building a new prototype store in a high-barrier-to-entry market to enhance visibility, with approximately 42,000 vehicles passing by daily.
- The Kalamazoo area serves as headquarters for Fortune 500 companies Stryker & Zoetis, with over Ā±1.2 million square feet in office/warehouse space. Additionally, Pfizer maintains a substantial presence in the region with their 1,300-acre manufacturing facility.
- Located less than two miles from the subject property, Bronson Methodist Hospital consists of 434 beds and operates on a 28-acre campus.
- Central Business District, which is located in Downtown Kalamazoo, is home to over 1,000 businesses in the surrounding area.
- Both the store and pharmacy are open 24 hours a day, with strong sales figures of Ā±$3.25 million being reported.
- Ranked in the top 10% of all Walgreens nationwide in customer visits, according to Placer.Ai.
- CVS is located directly adjacent to the subject property with the next nearest Walgreens over 11 miles to the east.
- Located two miles east of Jefferson Memorial Hospital.
- Oshkosh Corporation, a Fortune 500 company, has a 500,000 square foot facility in Jefferson City and employs approximately 300 employees.
- Walgreens benefits from being located in a 964,000 SF retail corridor with nearby national tenants such as Tractor Supply Co., CVS, Walmart Supercenter, Lowes, Dollar General, O'Reilly, Advance Auto Parts, and Food City.
- Cherokee Reservoir is located 2.5 miles to the north and attracts 1 to 2 million visitors annually.
- Only free-standing national chain drugstore in Sturgis and only Walgreens for over 15 miles.
- This is the closest national pharmacy to Sturgis Hospital, an 84-bed health center located 1.6 miles from the property.
- 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.
- Located with frontage on Centerville Road, with over 16,000 VPD, serving as Sturgis's main North/South thoroughfare.
- Walgreens has been operating at this location for over 19 years.
- Walgreens acquired this store from Rite Aid and rebranded it as a preferred location in 2019.
- Located on the east side of the Hudson River at the entrance to The Troy Waterford Bridge (11,000 VPD). The bridge connects to Highway 32 and leads south to meet with Interstate 787 (Ā±79,000 vehicles per day).
- There are over 4 years remaining on the lease term with 4 (5-year) options and Ā±5% increases at the beginning of each five-year option.
- Samaritan Hospital, a 277-bed hospital with over 1,400 physicians and medical staff that serves the areas of Troy, Albany and Schenectady is located 4.5 miles south of the property.
- Located twelve miles north of Albany and part of the Albany MSA with a population of over 1,239,000 people which has the largest year over year increase in population among New Yorkās 13 metro areas.
- Close proximity to Rensselaer Polytechnic Institute (RPI), a school district that employs about 600-700 individuals and serves approximately 4,000 students across its elementary, middle, and high schools.
- 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 Aidās 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.
- 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.
- 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 Ā±46,000.
- Walgreens is paying $19.13 annual rent per square foot which is below market for the area.
- This is the only Walgreens or CVS for over 13 Miles.
- Purcell Municipal Hospital, a brand new $18 million state-of-the-art facility opened in 2022.
- The property benefits from its position on the signalized hard corner of West Washington Street and Green Ave which is the main thoroughfare running through Purcell.
- The Property is located just east of I-35, which serves as the main connector between Oklahoma City to Fort Worth/ Dallas.
- The 5-mile population has grown over 10% over the past four years and is projected to continue expanding at over 3% through 2029.
- Chickasaw Nation Purcell Health Clinic employs approximately 100 employees and serves more than 10,000 patients every year.
- 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.
- 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 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.
- Infill Houston MSA demographics with Ā±500,000 people in Ā±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 Ā±74,416 vehicles per day.
- There are Ā±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 Ā±16M square feet of office space within a 4-mile radius.
- 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.
- 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).
- Lelandās 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 Americaās top state for business.
- Walgreens has exceptional annual reported salesĀ 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 Ā±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.
- 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.
- Within a 5-mile radius, the population is Ā±365,021 residents within Ā±154,024 households.
- Ohio State University is located about 3 miles from the Property and enrolls Ā±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.
- The Property consists of Ā±12,977 square feet of rentable space and lies on approximately 1.475 acres of land.
- Zoned CBD Ā - Central Business District.
- Existing double lane drive-thru and 64 striped parking spots.
- Located on Michigan SR 29 (St. Clair River Drive), the main thoroughfare of the city of Algonac.
- One minute walk to the Walpole-Algonac Ferry connecting Algonac across the Saint Clair River into Canada.
- Blue Water Bridge, one of the busiest crossings between the United States and Canada is located 25 miles from subject property.
**PLEASE CALL FOR PRICING**
- 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.
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 Ā±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.
