Properties
- Walgreens has 14 years remaining with ten (5-year) options to extend on an absolute net lease.
- Located directly across the street from a CVS making this a strategic corner for Walgreens.
- Atrium Health Hospital is 2.9 mi away with 101 beds and a 24/7 emergency department.
Walgreens
Sauk Rapids, MN
$ 11,415,929
5.65 CAP
- Absolute net lease with ±14 years remaining and strong reported sales.
- Attractive 3.79% below market assumable financing or available free and clear.
- Part of the St. Cloud MSA with over 200,000 residents.
- Just over a mile south of 486-bed St. Cloud Hospital and near St. Cloud State University with 10,000 students.
- Walgreens extended lease to a firm 15-yrs in August 2022 showing commitment to this location.
- Walgreens is reporting strong sales at this store that has a 15-year operating history.
- Virginia Beach has a population of ±1,500,000 and is the most populous city in VA.
- Near ±23.6M SF of retail space and adjacent to 128K SF center anchored by Lion Food who renewed for 10 yrs.
Tractor Supply & O’Reilly
Johnston, RI
$ 8,502,916
5.25 CAP
- Two strong national brand corporate tenants each with increases in the initial term and in the options.
- Strong household income of $109,000 in a 1-mile radius.
- Nine miles from Providence with strong employment base including new Amazon distribution center.
- Close to 1,000,000 square feet of office and industrial space within 6 miles of subject.
Walgreens for Sale
Torrington, CT
$ 5,799,999
5.50% CAP
- Absolute net lease with ±8.5 years remaining and 10 (5-year) options.
- Only freestanding national brand drugstore within a two-mile radius with limited competition.
- The average household is $90,721 in a 5-mile radius.
- Located on Route 202, the main thoroughfare through Torrington.
