Walgreens Archives - Page 9 of 10 - Pharma Property Group

Rite Aid

Burton, MI

$ 3,066,900

8.00 CAP

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Rite Aid recently executed a 10-year lease extension with rental increases in the primary term and extension options, including a 13.3% increase at the first extension option.
25 years of operations with strong customer base. No other standalone national retail pharmacies within a 3-mile radius.
Solid employment base within a 7-mile radius including General Motors, University of Michigan, Hurley Medical Center and Mott Community College.

Walgreens

Bellflower CA

$ 6,300,000

6.00 CAP

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Strong sales with absolute net lease guaranteed by Walgreens with 20-year operating history.
Busy infill Los Angeles County location on intersection with ±47,336 VPD just blocks from I-605 with ±303,000 VPD and ±679,000 residents in a 5-mile radius.
Adjacent to Bellflower Middle/High School with ±2,300 students, ±150 staff and one mile from Cerritos College with ±21,000 students enrolled and ±3,500 employees.

Sold

CVS

Lillington, NC

$ 1,912,400

5.00 CAP

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CVS has agreed to new 15-year lease with 10 (5-year) options with 5% increases in the options.
Near 44-bed Central Harnett Hospital and only national brand drugstore in Lillington.
Centrally located between Fayetteville and Raleigh along Highway 210.
Lillington is the county seat of Harnett County who employ almost 54,000 employees.

Rite Aid

Manchester, NH

$ 8,575,000

7.75 CAP

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Absolute net lease with 10% increases every 10 years in the options, located 3.5 mi NW of Downtown Manchester and is the 2^nd busiest Rite Aid in a 15-mi radius.
One block from Shaw's Plaza anchored by Big Lots, Dollar Tree and Planet Fitness. Major employers in the area include Catholic Medical Center and Saint Anselm College.
Area demos include 133,768 residents with a median HH income of $67,149 within a 5-mi radius.

Walgreens

Crawfordsville, IN

$ 5,769,230

6.5 CAP

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Absolute net lease with 6.75 years of term remaining, 10 (5-year) options and no landlord responsibilities. Walgreens is reporting a history of solid store sales at this location.
Existing CMBS non-recourse financing is assumable, debt matures 10/6/26, current balance is $4,200,000 at 4.53% rate.
CVS is located directly across the street making this a strategic corner for both Walgreens and CVS. No Other Walgreens for 22 Miles.
Located in the heart of Crawfordsville at the main intersecting roads in the city, North Washington St. and W. Market St. Subject property is approximately two miles south of two medical facilities.

Sold

CVS

Schenectady, NY

$ 5,456,363

5.50 CAP

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New 15 year absolute net lease term.
5% rental increases every 5 years in the options.
Strategic drugstore location across from Walgreens.
One block from Ellis rehabilitation center and one mile from Ellis Hospital.

Former Walgreens For Sale in Woodruff South Carolina

Woodruff, SC

$ 1,550,000

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Former Walgreens building for sale available for owner/user or redevelopment.
In the heart of Woodruff on Hwy 221/Main Street across from city hall, library and fire department.
Within 1 mile of Woodruff High, Woodruff Middle and Woodruff Elementary with total of 2,152 students.
Near Michelin’s largest North America distribution center and only BMW assembly facility in the US.

Alma, MI

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Former Walgreens For Sale in Oakland California

San Fran Bay Area

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Walgreens

Houston, TX

$ 5,714,285

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Can be purchased free and clear or as debt assumption.
This store reports strong sales and recently added clinic services in 2021.
Located near Memorial Hermann hospital with 400 licensed beds.
On the signalized corner with a combined traffic count of ±68,692 vehicles per day.
Thirteen miles SE of Downtown Houston, infill location with ±142,000 residents within a 3-mile radius.