Exclusively Listed Walgreens For Sale
Introduction to Walgreens NNN Property Leases
There are a few different lease types available for Walgreens investments. For example, Walgreens for sale can have absolute and double net leases where the landlord pays certain expenses. In addition, some fees are reimbursable in certain Walgreens leases where the landlord is responsible for costs.
Typically, Walgreens leases signed during the 90s are double net, and newer ones signed in the early 2000s or after will be absolute net leases. The roof and exterior structure are the main landlord costs without reimbursement for a double-net lease. Other unreimbursed expenses to the landlord, depending on the specific Walgreen lease and Walgreens locations that Walgreens purchased, may have varying lease language.
Walgreens’ lease length typically ranges from 20 to 25 years of firm lease term before the options when they were initially executed and will have five-year or one-year options. Some Walgreens leases, as they mature, may be restructured to have a firm lease term of up to 15 years before the possibilities and may have rental increases. Original Walgreens leases usually do not have rental increases; however, certain ground leases may have rental increases.
The Value of NNN Real Estate Quality for Drugstores
The quality of real estate is typically high for drugstore properties located on primary corners in their respective markets. For example, many Walgreens for sale were built-to-suit buildings, meaning Walgreens selected those specific corners to develop within that market. In addition, drugstores are at signalized crossroads with solid access and good traffic counts, enhancing the quality of the underlying real estate.
Most drugstores’ locations occur in dense markets with strong population counts or at a main intersection serving a larger trade area. Therefore, buildings constructed for Walgreens, CVS, or Rite Aid are usually done by preferred third-party developers if not corporate-owned or produced by preferred general contractors. Thus, allowing for the build-outs of Walgreens, CVS, and Rite Aid properties to be consistent and generally constructed well.
Drugstore buildings for Walgreens, CVS, and Rite Aid usually range from 10,000 square feet up to 17,000 square feet if they are freestanding, and some drugstores that are inline can go up to 25,000 square feet. For freestanding drugstores, the land square footage usually ranges from 60,000 to 120,000 square feet. Most drugstores also have a drive-thru for their pharmacy, and considering the buildings as particular use, they are easily repositioned with new tenants if needed.
Corporate Guarantees and Understanding CAP Rates
Drugstores occupied by Walgreens, CVS, and Rite Aid have leases typically corporately guaranteed, which enhance the value of the property since securing the rental income stream by the parent corporation. However, leases sometimes vary depending on the corporate guarantee language, the purchasing location, the state location where the property is, or when initially signing the lease.
Most drugstore leases will be valued similarly even with varying lease guarantor language; however, there are certain exceptions when the value of the property can be affected by weaker lease guarantor language. For example, Walgreens for sale is usually reasonably consistent if Walgreens executed the original lease. Still, some Walgreens leases vary if Walgreens purchased the location and assumed the lease.
The financial strength and size of the lease guarantor play a significant factor in evaluating the CAP rate of the investment. Certain NNN leases with weaker or unknown financial backing for their lease guarantees will have higher CAP rates. Also, if a franchisee does not corporately guarantee the lease, that may raise the CAP rate. Other factors determining the CAP rate will be lease length, lease type, real estate quality, and rental increases.
An Exclusive Focus on Walgreens
Pharma Property Group is the only national commercial real estate brokerage company focusing exclusively on CVS, Rite Aid, and Walgreens for sale. Due to this unique specialization, Pharma Property Group has a superior understanding of the industry, which gives its clients an advantage over other drugstore buyers and sellers.
Some owners of drug stores for sale wish to refrain from marketing to the open public, and some owners will hire a broker. Since Pharma Property Group is so specialized, they can deliver both exclusively listed Walgreens and off-market Walgreens for sale. This access to off-market Walgreens property for sale that Pharma Property Group possesses comes through years of drugstore dealmaking and relationship-building with Walgreens property owners.
Another advantage to Pharma Property Group’s drugstore specialization is that we make our client’s disposition or acquisition process seamless. Our experience in transacting Walgreens properties allows us to represent buyers at the highest level as we qualify Walgreens investments on the front end of a transaction to avoid any surprises, and we can spot any issues with Walgreens before going into contract. We can also effectively represent Walgreens sellers because we know which buyers are genuine through our years of dealmaking, hundreds of Walgreens property sales, and buyer qualifying processes.
Large Inventory of Walgreens Stores for Sale
Pharma Property Group also carries a large inventory of Walgreens for sale. Any listings they advertise to the open public are exclusively listed, with only Pharma Property Group having the rights to sell that asset.
Pharma Property Group also has established an extensive network within the brokerage community to get complete coverage and provide its buyers with full access to all inventory on the market. In addition, Pharma Property Group relies heavily on its outside broker relationships to sell its exclusive stock and to find its buyer’s additional opportunities to purchase.
We also carry an off-market Walgreens inventory for sellers who do not wish to advertise their property on the open market but are available to review offers. This inventory comes from years of building relationships with Walgreens owners. Our off-market Walgreens properties are qualified deliverable drugstore investments that we vet through our underwriting process before we present them to selected buyers. In addition to our off-market and on-market Walgreens for sale, we are aware of upcoming Walgreens properties and selling portfolios soon, so buyers can plan timing certain 1031 exchanges.
Who buys Walgreens NNN Properties?
There are a variety of buyer types that purchase Walgreens for sale. There are REITs, private investment groups, high net-worth individuals, and families that purchase Walgreens NNN properties. These investors can be located throughout the United States and possibly globally, as Walgreens NNN properties have little management.
Some of these investors may be in 1031 trades and use Walgreens as their replacement properties from a prior real estate sale. Most Walgreens owners have experience owning other NNN property investments or multiple drugstore locations.
Buyers are only sometimes located near Walgreens NNN properties near the Walgreens investment, mainly due to the NNN aspect of the leases and the fact that they are easier to manage from afar. Individual REITs or other institutional owners may own multiple Walgreens locations and other NNN assets, as the financial strength behind Walgreens is considered vital. Some investment groups may have funds or certain monies allocated to purchase Walgreens NNN properties for their investors and assist in managing, financing, and the overall long-term strategy of the Walgreens assets.
Can I own a Walgreens store?
Any qualified investor or group of investors can purchase a Walgreens for sale. If the purchase has financing, the buyer must have a 65% loan-to-value or 35% down for the best loan terms and interest rates. Some lenders will give drugstore buyers up to 70% loan-to-value or 30% down; however, the interest rate or loan terms may not be as favorable as if the buyer had lower leverage.
Most sellers of Walgreens properties will want proof of funds or proof of 1031 proceeds when working with a buyer, especially if the buyer needs to gain experience owning other NNN property investments. There are also more minor ownership interests available for investors wishing to invest with institutions or investment groups that purchase Walgreens properties regularly. Specific REITs specializing in NNN properties will also have Walgreens properties in their portfolios, and investors can indirectly own Walgreens properties through holding shares of the REIT’s real estate portfolio.
Most first-time Walgreens buyers have commercial real estate experience and are in 1031 exchanges. Therefore, these investors will use funds from selling other commercial real estate such as apartments, office buildings, land, or other retail properties to purchase Walgreens as their replacement asset for their 1031 exchange.
How do NNN Lease Owners make money?
Owners of NNN properties receive rental income monthly; their net income after expenses is their profit. If the NNN property has financing, the net income pays down the principal of the loan balance and the loan interest. Walgreens for sale typically have few expenses, so most or all of the gross rental income will become the landlord’s net income, depending on the lease type. For example, if the owner has a double net lease and has specific capital improvements such as roof or parking lot repairs, take expenses out of that calendar year’s rental income.
Owners of NNN properties can also profit from the sale of the investment; however, any gains are subject to taxes. Many investors will perform a 1031 exchange to purchase another NNN property to defer any tax payments. On the other hand, some investors decide to sell their NNN property and cash out to accept the gains to reinvest the money elsewhere, which will cause a taxable event. An investor’s CPA should give any tax advice.
What’s the return on investment for owning a Walgreens for Sale?
Walgreens NNN properties typically have a cash-on-cash return of 3.5% to 7%, depending on several variables and risk factors. CAP rates generally range from 5 CAP to 7 CAP depending on market conditions and interest rates. Walgreens for sale is considered a lower-risk investment due to the credit strength of Walgreens and the minimal management Walgreens leases provide. The longer the lease and less management involved will result in a lower return for a Walgreens investment. Conversely, with shorter terms remaining on their leases, Walgreens, weaker sales volumes, or lesser real estate quality will yield higher returns for property owners.
Returns on Walgreens properties for individual investors by REITs, investment groups, or other institutions will vary depending on management fees or acquisition costs. In addition, returns for investors on Walgreens properties or any other NNN property also rely on the market of the purchased property for interest rates, supply, and demand. As a result, specific real estate cycles may provide higher or lower returns depending on the overall investor appetite for Walgreens at that given time when compared to the demand for other NNN properties or commercial real estate.
How can a real estate broker help me?
When purchasing any NNN property, working with a seasoned commercial real estate broker with experience representing buyers in acquisitions for the specific tenant is essential. For example, Walgreens for sale varies greatly in return levels depending on certain risk factors. Using a commercial real estate broker with experience in drugstore acquisitions will allow a buyer to evaluate return levels for certain drugstores available on the market and ensure that the expected return is favorable for the risk.
There are hundreds of NNN properties on the market at any given time. An experienced NNN broker can narrow down the best opportunities for a buyer and provide off-market properties to review for purchase. One of the central values of a strong NNN broker is that they can deliver to buyers off-market acquisitions opportunities that are not available for sale to the open public and assure buyers of the NNN properties’ deliverability.
Many factors, such as title, environmental, and lease documentation, must be reviewed to ensure that any NNN property purchased has a clean bill of health. A good NNN broker can ensure that properties considered for acquisition are qualified correctly upfront to save time and money for a buyer during their review period.
- Average household income of over $134,000 within a 3-mile radius.
- $160M luxury apartment project is being constructed 1 block away, (455K sf residential complex with 262 units).
- Located 1 mile north of the property, St. Joseph's University - Long Island (3,000 students on 32-acre campus).
- Located 2.5 miles from the property, NYU Langone Hospital - Suffolk is a 306-bed medical center, home to the Knapp Cardiac Care Center—an advanced heart disease diagnostic and treatment facility.
- Long Island, comprised of Suffolk and Nassau counties, has a population of 8.06 million, comprising over one-third of New York State's entire population.
- Located 4 miles from the property, Long Island MacArthur Airport provides flights to over 1.2 million passengers annually.
- Located less than 1 mile to the North, Sentara Virginia Beach General Hospital is the most extensive hospital system in the market, serving Virginia Beach, Eastern Shore, and Northeastern North Carolina with over 270 beds. Sentra recently invested $294 million into the facility and surrounding communities.
- Located less than 0.5 miles from the subject property, Naval Air Station Oceana is the Navy’s East Coast Master Jet Base. With 17 aviation squadrons, 10,500 active Navy personnel, 10,000 family members, and 4,500 civilian personnel, NAS Oceana is the second largest employer in Virginia Beach.
- Recently completed in December of 2024, 'Ascend at Hilltop Apartments' is a $46 million, ±329K SF development that consists of 115 units and is located 0.5 mile from the subject property.
- The subject property has over 2.3 million square feet of retail space within 1 mile, anchored by national tenants such as Kroger, Trader Joe's, Target, Walmart Supercenter, and Whole Foods.
- The property has direct access to Interstate 264, the main east-to-west connector between Norfolk and Virginia Beach, with over 96,000 vehicles per day.
- Located 1 mile to the East, Virginia Beach is the most populous city in the U.S. Commonwealth of Virginia and the sixth-most populous city in the Mid-Atlantic.
- In a 1, 3 and 5-mile radius average household incomes range from $120,000 to $130,000 per household.
- Situated at the crossroads of US-46 and NJ-10, the property benefits from its close proximity to the Christopher Columbus Highway interchange (I-80), with over 114,000 vehicles per day.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever.
- Located less than 4 miles from the property, Saint Clare’s Dover Hospital General is a 24/7 trauma center providing inpatient care and hospitalization services.
- There is more than 2 million square feet of retail space within 1 mile of the property, anchored by Walmart, Home Depot, Petco, Burlington, and Kohl's.
- The lease calls for five 10-year options, with rental increases every 10 years.
- Walgreens has a history of strong front end sales and is reporting volumes of approximately $3M.
- Within a 5 mile and 10 mile radius there is approximately 75,000 residents and 175,000 residents respectively. Average household incomes range from $70,000 to $80,000 in a 5 mile radius.
- The property is the only Walgreens property inside the I-35W, HWY 13 W, and HWY 169 freeway loop in West Bloomington, for over 3.5 miles.
- Over 10.6 million square feet of existing industrial space is within 3 miles of the property, with a vacancy rate under 3%.
- The property is located 13 miles from Downtown Minneapolis and benefits from being located within the 16th largest metropolitan area in the United States, with over 3.7 million residents.
- The property is situated at the signalized hard corner of W Old Shakopee Rd and France Ave S, with over 37,000 vehicles per day.
- Infill Houston MSA demographics with ±500,000 people in ±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 ±74,416 vehicles per day.
- There are ±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 ±16M square feet of office space within a 4-mile radius.
- In the past 5 years, 691 multi-family units, including the 331-unit 'Fitzroy Promenade', have been built in the immediate 2- mile radius. In addition, the 34-acre 'Crossroads at Chenal' mixed-use development is set to be completed this year.
- There is 2.7 million square feet of retail space in a 2-mile radius. Located 1 mile north of the subject property is the Promenade at Chenal, a 306,000 sf open-air lifestyle center which is home to popular retailers such as Apple, Lululemon, DSW, and Homegoods.
- Frontage on Chenal Parkway (39,000 VPD) and Wellington Hills Road (5,905 VPD).
- Subject property is located in a dense affluent area with average household income of over $121,000 and a population of more than 45,000 residents in a 3-mile radius.
- Within a 4-mile radius there are three major hospitals with a combined bed count of over 1,066 beds.
- Walgreens lease runs through October 31, 2032, with no landlord responsibilities.
- In a 1 and 3-mile radius average household incomes are approximately $100,000 per household.
- Located near I-95 Exit 53 and Shore Line East commuter rail station.
- Coastal zoning and built-out conditions restrict new commercial development.
- West Main Street maintains historically low vacancy and strong tenant retention.
- Close to major employment centers including Yale University and Yale-New Haven Hospital.
- In a 5-mile radius the population is 249,502 residents with an average household income of $93,968.
- Nearby hospitals include MultiCare Tacoma General Hospital (0.5 mi NE) with 437 beds and St. Joseph Medical Center (1.4 mi SE) with 374 beds.
- Within a 1-mile radius there are ± 220 apartment complexes with a total of ±6,200 units, with an additional 289 units in the recently constructed Aspire 11, a six-story mixed-use project less than a mile away.
- Located in the immediate area are The University of Puget Sound, Bates Technical College and the University of Washington - Tacoma.
- Absolute NNN lease through August 31, 2032, with ten (5-year) renewal options and no landlord responsibilities.
- In a 1, 3 and 5-mile radius average household incomes range from $90,000 to $100,000 per household. Positioned along Farmington Avenue (Route 372) with direct access to I-91 and I-84 with ±15,400 vehicles per day.
- Located 12 miles from Hartford, home to major employers such as Travelers, Aetna, The Hartford, and Hartford Healthcare.
- Surrounded by major employers including Eversource Energy, Assa Abloy, Comcast, and others with over 3,000 jobs in the immediate area.
- Proximity to multiple institutions, including Central Connecticut State University in nearby New Britain and the University of Hartford.
- 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.
- 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.
- According to Placer.Ai, this Walgreens is the most visited location out of 10 stores in a 30-mile radius.
- This Walgreens is positioned in the main retail corridor in the city with over 2.2 million sf of retail space within a 2-mile radius.
- This Walgreens lease allows for approximately 4% rental increases every 10 years.
- Approximately 2 years ago, Walgreens closed their only other location in the city directing customers to this location for their prescriptions.
- This offering allows an investor the opportunity to assume the existing fully amortizing below market financing at a rate of 5.07%. (See Page 4 of Marketing Package)
- This Walgreens is the only freestanding drugstore serving the city’s market and only Walgreens open until 10pm for over 15 miles.
- This property benefits from its location on a signalized corner with approximately 38,000 VPD and is located just off Interstate 79.
- Within a 10-mile radius there is ±61.8M square feet of industrial space including distribution and manufacturing for companies such as Amazon, Starbucks, DHL, FedEx, and Post.
- Property is located across the corner from CVS making this a strategic location for both Walgreens and CVS.
- Interstate 83 is blocks from the Property with a traffic count of ±79,000 vehicles per day.
- Within a 3-mile radius, the average household income is $81,069 and the population is 153,292 residents in a 5-mile radius.
- Located 2 miles northwest is WellSpan York Hospital, a teaching hospital with 593 beds and over 5,000 medical staff and employees.
- Two blocks south is York County School of Technology with ±1,700 students and ±120 staff.
- Within a 2 mile radius there are 8 senior housing facilities totaling approximately ±388,898 square feet.
- 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.
- Walgreens has been operating at this location since 1999, and in 2019, Walgreens renewed its first 5-year option. In 2024, Walgreens restructured its lease early, extending the firm lease term to 2034.
- Two hospitals totaling 540 beds are both within 2 miles of the property.
- Within 3.5 miles there are currently over 350 new units under construction.
- Situated at a signalized intersection with a combined traffic count of 37,000 vehicles per day.
- There is more than 4.8 million square feet of existing retail space within 2 miles of the property.
- New 15-year lease signed, including 5% rent increases during 8 (5-year) option periods.
- Placer.Ai ranks this location #1 out of 5 Walgreens stores within a 10-mile radius.
- Located in a dense retail corridor with 4.7 million square feet of retail space within two miles.
- Benefits from a regional military presence of ±82,000 active-duty personnel from 15 installations, including ±23,000 employees at Joint Base Langley-Eustis.
- Both the store and pharmacy are open 24 hours a day, with strong sales figures of ±$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.
- Walgreens recently signed a new 15-year lease extension, demonstrating their long-term commitment to the site.
- Strong reported sales of ±$3 million
- The nearest Walgreens property is over 40 miles away, while the next nearest CVS store is more than 74 miles.
- The lease includes 5% rental increases every 5 years in the initial term and options.
- The subject property is 1-mile from Great Plains Regional Medical Center, a 24-hour trauma center serving the greater Western Oklahoma and the Eastern Texas Panhandle.
- Absolute net lease with no landlord responsibilities whatsoever.
- Absolute NNN lease with twelve (5-year) renewal options and 5% rent increases in the first four renewal periods.
- Located 0.5 miles from Trinity Health Muskegon Hospital, a 358-bed facility.
- West Shore Plaza, a 959,000-square-foot retail center anchored by Walmart Supercenter, Lowe's, and Sam's Club, is situated approximately one mile to the east.
- Situated along Sherman Boulevard, a primary east-west corridor linking residential areas, retail centers, and medical services across the Muskegon market.
- In March of 2025 GE Aerospace announced they are planning a $70 million expansion at their site in Norton Shores.
- Walgreens has been operating at this location since 2000 and in 2020 Walgreens renewed its first 5 year option. In 2024, Walgreens restructured its lease early making a firm lease term to 2030.
- The lease features 5% rental increases at each 5 year option period beginning in 2031.
- The property is located on a 3.49 acre parcel on a hard corner with over 37,0000 combined vehicles per day.
- Located in one of the fastest-growing cities in the United States, driven by military, aerospace, healthcare, and technology sectors.
- 1.5 miles south of a 413-bed hospital
- 3 Mi W of the Fairfax District (527-acre industrial park 10K employees) which is anchored by Kellogg’s and General Motors Assembly Manufacturing Plants.
- Midtown Station- New Development under construction 1 Mi W that includes over 1,500 new residences, 200K square feet of commercial space, a hotel, conference center, and an innovation hub.
- The property has 4.2 million square feet of retail space and over 45 million square feet of industrial space within 4 miles.
- 2.5 miles south of the property, the BNSF Railway Argentine Yard covers 780 acres and is one of the largest and busiest rail yards in the United States. BNSF announced a $3.8 billion capital investment plan for 2025.
- This lease calls for 5% rental increases every 5 years throughout the first four option periods.
- Only freestanding Walgreens property for 5 miles, serving over 140,000 residents.
- 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.
- Located less than half a mile from the Kalamazoo Event Center, a $300 million project which broke 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 ±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.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever.
- Located 1 mile south of the property, Central Michigan University has over 15,000 full-time students and is one of the major employers in Mt. Pleasant.
- Less than 1 mile from the property, McLaren Central Michigan is a 118-bed acute care, CMS 5-Star rated hospital that serves Mount Pleasant, Isabella County, and central Michigan.
- Owned and operated by the Saginaw Chippewa Tribal Nation, Soaring Eagle Casino & Resort features a 514-room hotel and employs over 3,000 people.
- The property is located on the signalized hard-corner of N. Mission St and Pickard St, with a combined 33,136 vehicles per day. Additionally, the property is situated in close proximity to the US-127 interchange, connecting Lansing to the South with over 20,000 vehicles per day.
- Frontage on Thornton Road (47,300 VPD) and Maxham Road (32,400 VPD).
- Close proximity to Amazon ATL8, Lineage Logistics, GXO Logistics, and Medline distribution centers, with ±24.9 million square feet of industrial space in the area.
- Douglas County is part of Amazon Web Services’ $11 billion investment in Georgia’s cloud and data center infrastructure.
- Absolute triple-net (NNN) lease through September 2028 with ten (5-year) renewal options.
- Thornton Road/State Route 6 serves as the main retail corridor in this market with a strong mix of complimentary national and regional tenants surrounding the subject property.
- Absolute NNN lease with twelve (5-year) renewal options and 5% rent increases in the first four renewal periods.
- Top 20% location nationwide per Placer.Ai with strong reported sales.
- Located at the intersection of Riverdale Road and Winchester Road, capturing approximately 62,256 vehicles daily.
- Winchester Road provides direct connectivity to Memphis International Airport, just 8 miles from the property.
- Surrounded by major national retailers including Costco, Walmart, Sam’s Club, Home Depot, Lowe’s, Ross, Kroger, and Topgolf.
- Regional economy anchored by FedEx’s global air cargo hub and major distribution centers for Nike, Amazon, UPS, and DHL.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever with six (5-year) renewal options and 10% rent increases in the first and third options.
- No other Walgreens within 13 miles and no CVS location within 26 miles.
- Located on a key north-south corridor leading to Quebec, approximately 80 miles from the Canadian border via Coburn Gore crossing.
- Close proximity to the University of Maine at Farmington, serving 1,837 students and 149 faculty and staff.
- Less than 1 mile from Acension St. Vincent Hospital (500+ beds) and 3.3 miles from Deaconess Gateway Hospital (250 beds).
- 2M SF of retail within a 1 mile radius and less than 2 miles south of Eastland Mall (1M SF).
- Absolute NNN lease with twelve (5-year) renewal options and 5% rent increases in the first four renewal periods.
- Labcorp patient service center operates within the building, generating additional healthcare-related foot traffic.
- Combined traffic count of approximately 25,426 VPD along South Green River Road and Washington Avenue and is less than a mile from SR 66 with 62,961 VPD.
- Evansville employers include Deaconess Health System, Berry Global Group (Fortune 500), Ascension, Old National Bank, and Toyota Motor Manufacturing Indiana.
- Across the street from the property, Allen Hospital is a 204-bed hospital serving the greater Cedar Valley market.
- There is over 5.8M sf of industrial space within 3 miles of the property, with a vacancy rate below 1%.
- This Walgreens is the only Walgreens north of Cedar River in Waterloo for over 15 miles.
- The lease calls for a 5% increase in the first four options.
- Close proximity to the John Deere Tractor Major Operations Center & Tyson Foods Fresh Meats processing facility.
- Walgreens recently extended their lease in 2023 to a firm 12 years of lease term, showing their commitment to this location.
- Frontage on SW Moreland School Road (9,320 VPD) and MO-7 (25,384 VPD).
- Located in a affluent Kansas City suburb, the average household income in a 1-mile radius is ±$101,000.
- Purchaser has the option to assume the current in place financing with an interest rate of 3.50%. The current balance of the loan is approximately $2,118,271 as of March 2025. Purchaser will be responsible for the 0.25% assumption fee.
- Located 3 miles to the north, St. Mary’s Medical center is a 137-bed acute care facility which has served the community for over 40 years.
- This Walgreens is located across from a CVS making this a strategic market share corner for the two largest national drugstore chains.
- 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.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever.
- The property serves as the only Walgreens property in Princeton, with the next closest Walgreens pharmacy 23 miles away.
- Located 6 miles away, Toyota Motor Manufacturing Indiana (TMMI) employs over 7,000 people and has invested over $1.3 billion in plant expansions, including electric vehicle production.
- Less than 1 mile from the property, Gibson General Hospital serves as the region’s leading healthcare facility.
- Average household incomes are in the $70,000 to $75,000 range within a 3, 5 and 10 mile radius.
- Princeton is located 45 minutes north of Evansville via US-41 S.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever.
- Less than half a mile from the property, St. Joseph's Hospital is the only level IV trauma center in the area.
- The next nearest Walgreens location is over 15 miles away.
- The property is surrounded by national retail tenants such as Walmart Supercenter, Lowe’s, Kroger, and Tractor Supply, and has the only national big-box tenants in a 12-mile radius.
- Located less than 1 mile from University.
- The nearest alternative Walgreens location is situated more than 26 miles away, while this particular Walgreens property demonstrates a significant annual foot traffic advantage, exceeding the CVS property directly across the street by over 100,000 visits, according to data from Placer.ai.
- This Walgreens is positioned on Homer Road, the main retail corridor in Minden and the surrounding communities with numerous national and regional retailers.
- 1.1 Mi E of Minden Medical Center, a 161 bed acute care facility, being the only hospital serving a population of more than 70,000 people.
- Walgreens has been operating at this location for approximately 12 years.
- Absolute triple-net lease with no landlord responsibilities; stable income through January 31, 2034.
- Tyson Foods’ 288,710 SF processing facility (1,500+ employees) and Raytheon’s 407,000 SF manufacturing center. In 2022, Tyson invested $90 million in expanding its facility, resulting in the creation of 320 additional jobs and making it the single largest capital investment in Scott County.
- The investment allows for a significant portion of the purchase price to be recaptured during the initial lease term.
- No other Walgreens within a 32-mile radius; tenant serves as the primary national pharmacy provider in the region.
- Positioned off U.S. Route 80 the property is located just off the main east-west corridor connecting Meridian and Jackson, supporting daily regional traffic.
- According to Placer.AI, this Walgreens ranks in the top 25% nationwide in foot traffic and is the best among five competing national chain drugstores in a five-mile radius.
- Walgreens recently renewed their 5-Year option without any concession showing their commitment to this location.
- This is the only Walgreens serving the Bessemer market and is the furthest southwest location along the I-20 corridor on the route from Birmingham to Tuscaloosa.
- This Walgreens store is conveniently located near major employers and facilities, including US PIPE (500 employees), BLOX (1 million sf facility with 600 employees), Dollar General Distribution Center ($100 million campus spanning 106 acres), and Piggly Wiggly Manufacturing Headquarters (450K sf facility).
- The property is the closest Walgreens to UAB Medical West, a 9-story, 412K sf, 200-bed hospital with a 7-story, 127K sf medical office building.
- Walgreens has operated at this location for over 17 years with 8 years of firm lease on an absolute net lease.
- Within a 5 mile and 10 mile radius there is approximately 75,000 residents and 175,000 residents respectively. Average household incomes range from $70,000 to $80,000 in a 5 mile radius.
- There are a total of 29 hotels within a 1-mile radius of the property (2,056 rooms) including Garden Inn (145 rooms), Baymont Inn & Suites (123 rooms), and Daylite Inn (120 rooms).
- Located along Elkhart’s main commercial corridor with 24,246 vehicles per day, surrounded by national retailers including Walmart, Meijer, Lowe’s and Menards.
- Citywide revitalization efforts include the $300M+ ASPIRE Elkhart initiative, River District transformation, and business park expansion, supporting long-term growth.
- Immediate connectivity to the Indiana Toll Road (I-80/I-90) allows easy access to South Bend, Chicago, and the greater Midwest.
- The property is feet away from the ingress/egress for Interstate-70 with 130,000 vehicles per day and situated at the signalized hard corner of Brice Rd and Tussing Rd with a combined 45,000 vehicles per day.
- Proposed 50-acre development adjacent to the property featuring 2 Class A multi-tenant light industrial buildings totaling ±267K sf.
- Located less than 1 mile from the property, the JCPenney Logistics Center spans 2,117,753 square feet.
- Situated 4 miles northeast of the property, John Glenn Columbus International Airport has 9 million annual passengers and recently broke ground on a new terminal, expected to be completed in 2029.
- There is 3.7 million square feet of retail space and over 3.8 million square feet of industrial space within 2 miles of the Property.
- Absolute NNN lease with zero landlord obligations whatsoever, with 5% rental increases in the first four options.
- The property benefits from minimal drugstore competition with the next nearest Walgreens 26 miles away and the nearest CVS over 45 miles away.
- Serving as the only major hospital system in Parsons, Labette Health is a 99-bed hospital providing acute, intensive, and inpatient rehabilitation services to the six-county area.
- Located 1.5 miles from the property, Parsons Research Center is a partnership between Kansas State University and federal, state, and county governments conducting research throughout Kansas.
- Adjacent to the property, Labette Community College enrolls over 1,500 students annually.
- The investment allows for a significant portion of the purchase price to be recaptured during the initial lease term.
- Situated on ±99,752 square feet (2.29 Acres) of land along NY Route 5.
- The next closest Walgreens is 13 miles away while the nearest CVS is 15 miles away.
- Positioned along the area’s primary commercial and commuter corridor with direct visibility and access.
- 1 mile from Lake Erie and near Evangola State Park.
- 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.
- This is the only Walgreens property on the southwest side of the Missouri River, and the nearest freestanding CVS store is over 70 miles away.
- The lease calls for a 5% increase in October 2026 and a 5% increase at each of the first four options.
- The average household income within a 1-mile and 5-mile radius is approximately ±$75,000.
- The Iowa Economic Development Authority approved the Southbridge Business Park, located 4 miles away, with a $50 million state investment for roads, a 2027 I-29 interchange, utilities, and other infrastructure.
- The market has over 5 million square feet of industrial space, including Tyson Foods' 744,000-square-foot beef packing plant, employing over 4,200 people as one of six Tyson facilities.
- Northeast Community College - South Sioux City Campus, less than 1 mile away, enrolls over 5,500 students in full or part-time classes.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever with 5% increases in the first four options.
- Morris Packaging has committed $60M to develop a 100K sq ft facility to create nearly 300 jobs. Additionally, EPC-Columbia is expanding its manufacturing operation, adding 40k sf to its existing 240k sf facility.
- Lebanon Bypass (KY 2154) is being extended from KY 55 to US 68 east of Lebanon. The extension is part of a broader plan to improve connectivity and reduce congestion in the area.
- The property serves as the only national chain drugstore in Lebanon, with the next closest Walgreens or CVS pharmacy over 18 miles away.
- Less than 1 mile away, Spring View Hospital, a 75-bed full-service facility, serves as a primary medical provider for Marion County and the surrounding central Kentucky region.
- There is more than 1.7 million square feet of industrial space within 2 miles of the property, anchored by TG Kentucky, an automotive supplier, employing over 1,100 local residents.
- Located on the signalized corner of North Trimble Road and Park Avenue West with a combined traffic count of 32,474 VPD.
- The next closest Walgreens and CVS are more than 32 miles away.
- Located near Mansfield Senior High School, which enrolls approximately 825 students.
- The City of Mansfield is executing a phased streetscape and traffic flow improvement project in the downtown area.
- The property is the only Walgreens property in Van Buren and the only Walgreens north of the Arkansas River for over 7 miles.
- The property is located adjacent to the Interstate 40 and Fayetteville Road interchange, connecting Oklahoma City to the east and Little Rock to the west, with over 60,000 combined vehicles daily.
- Bekaert Corporation (2 miles east) and Simmons Foods, Inc. (2 miles south), both recently committed over $150 million to expand their manufacturing and distribution centers, adding permanent jobs to the market.
- Located 2.5 miles from the property, Baptist Health - Van Buren is the only major hospital in Van Buren with over 100 licensed beds.
- Under market rent with Walgreens paying $13.89 per square foot.
- Walgreens has been operating at this location since 2000 and in 2019 Walgreens restructured and extended its lease. In 2025, Walgreens renewed its next 5 year option as scheduled.
- The lease features 5% rental increases at each 5 year option period beginning in 2030.
- Located approximately 40 miles from Downtown Houston, the Houston MSA is the fifth-most populous metropolitan statistical area in the United States.
- Close proximity to Interstate 45, which connects Galveston to Houston and then to Dallas, with over 60,000 vehicles per day.
- 1.5 miles south of HCA Houston Healthcare Mainland, a 222-bed hospital.
- 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 a 5-mile radius the population is 249,502 residents with an average household income of $93,968.
- Nearby hospitals include MultiCare Tacoma General Hospital (0.5 mi NE) with 437 beds and St. Joseph Medical Center (1.4 mi SE) with 374 beds.
- Within a 1-mile radius there are ± 220 apartment complexes with a total of ±6,200 units, with an additional 289 units in the recently constructed Aspire 11, a six-story mixed-use project less than a mile away.
- Located in the immediate area are The University of Puget Sound, Bates Technical College and the University of Washington - Tacoma.
- 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.
- Located less than half a mile from the Kalamazoo Event Center, a $300 million project which broke 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 ±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.
- 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.
Recently Sold Drugstores
- 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 5-mile population has grown over 10% over the past four years and is projected to continue expanding at over 3% through 2029.
- This Walgreens benefits from limited competition with no other Walgreens for over 11 miles, and no competing CVS for over 2 Miles.
- Property is located within the Philadelphia-Camden-Wilmington Metropolitan Statistical Area, the 8th largest MSA in the United States with a population of over 6.2 million people.
- The average household income within a 1-mile radius is $107,926, within a 3-mile radius it is $104,930 and within a 5-mile radius it is $112,191
- 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.
- 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.
- 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.
- 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.
- Less than 1.5 miles from Research Triangle Park (7,000 Ac.) with over 375 companies including Alexandria, Bayer, Cisco and IBM.
- Major developments within 3 miles include a $2 Billion mixed-use project (1 Million SF) with office, life-sciences, multi-family residential, and hotel.
- 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.
- Strong demographic profile with ±108,989 residents with a median household income of $104,964 in a 5-mile radius.
- University of Alaska - Anchorage with ±15,900 students and ±990 staff is 6.9 miles northeast.
- Providence Alaska Medical Center with 401 beds and ±2,000 employees is 7 miles northeast.
- Just 9.7 miles southwest of Downtown Tulsa, a metropolitan area with a population of over 1,000,000 people.
- Busy signalized intersection on Hwy. 97, the main north/south thoroughfare through Sand Springs with a combined traffic count of nearly 28,000 VPD.
- Just two miles west of Tulsa Community College West Campus which enrolls ±20,000 across 4 Tulsa campuses.
- Recent third-party reports will be provided to buyer.
- Absolute net lease with zero landlord responsibilities.
- Adjacent to Mosquito Lake State Park with 3,000,000 visitors annually.
- Large trade radius with limited competition, no other Walgreens, CVS or Rite Aid besides the immediate corner for 5 miles.
- Near HCA Florida Trinity Hospital with 240 beds and 1,400 employees (2.5 Mi SE).
- Strategic location on signalized corner directly across the street from Walgreens with traffic counts of roughly 50,000 VPD.
- Near residential and senior housing with three assisted living facilities within two miles and located at the main entry of ±700 residences.
- Located at merge of freeways I-69 and I-2. Both interstates have a combined traffic count of over 150,000 vehicles per day.
- Surrounded by national retail tenants, ±3.2 million square feet of retail space within 1 mile radius including Valley Vista Mall (651,000 SF) and Bass Pro Shop (150,000 SF).
- Strong cross-border economy with the Free Trade Bridge 13 miles away, a full US Customs facility accommodating 75 commercial trucks simultaneously.
- 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 region includes large and stable employers such as Michigan State University, Sparrow Hospital and General Motors' Lansing Grand River Plant.
- Vacation and resort destination location including Disney World, Universal Studios & Island of Adventure and SeaWorld.
- Retail corridor near industrial sector including 7.8 million square feet of retail space in a 3-mile radius.
- Within 5 miles of 14.4 million square feet of industrial space.
- Major regional employers Walt Disney World, Advent Health, Universal Orlando and Orlando Health.
- Across from Orange Park Mall, a ±953,000 SF anchored by Dillard's, JCPenney, Old Navy and Belk with ±3M SF of retail in 1-mile radius.
- Medical corridor location near HCA Florida Orange Park, a 365 bed hospital with 2,350 employees, and 832,000 SF of medical space in a 3-mile radius.
- Intersection with extremely high traffic count of approximately 100,500 vehicles per day combined.
- Both store and pharmacy are open 24 hours.
- Baptist Hospital of Southeast TX and Christus Southeast TX Hospital both within 1.5 miles with a total of 931 beds.
- Across from Gateway Shopping Center which contains ±460,000 square feet of retail space.
- Direct access to I-10 (±130,685 VPD) via College Street on signalized intersection with ±44,328 vehicles per day.
- Tampa MSA location with 22+ year operating history.
- Medical corridor including Florida Oak Hill Hospital, Encompass Health Hospital and Sturgill Hospice House.
- Retail corridor with major national tenants including ±1.4 million SF of retail space in a 0.5-mile radius.
- Dense residential area with nearly 200,000 residents within a 5-mile radius.
- One mile south of Hwy. 385 (±151,399 VPD) and two miles southeast of I-240 (±180,699 VPD) making Downtown Memphis just a 15 minute drive away.
- Busy intersection with approximately 54,087 vehicles per day.
- Located on Hwy-580 one of the main thoroughfares connecting western Tampa to the Tampa International Airport and downtown Tampa.
- Near HCA Florida West Hospital with 515 beds and the Mease Countryside Hospital with 300 beds.
- Just 3.5 miles southeast from Tampa Bay Downs which has approximately 24 million visitors annually.
- Located in main retail corridor with 7.9M square feet of retail space within 3 miles.
- Approximately 316,993 residents within a 5-mile radius.
- Zoned RCC in Clackamas County with various development opportunities such as retail, multi-family and office.
- Absolute NNN lease with no landlord responsibilities whatsoever.
- Just 4 miles north of Ohio State University with over 66,000 students and 29,000 employees.
- Riverside Methodist Hospital is about 3 miles south and has 1,059 beds and 5,800 employees.
- Outparcel to Target anchored Rolling Acres Plaza in main retail corridor across from Home Depot.
- Two miles from UF Health The Villages Hospital with 307 beds and approximately 1,161 employees.
- Located just south of The Villages, a collection of retirement neighborhoods in central Florida.
- Absolute net lease with zero landlord responsibilities and history of solid sales.
- ±7.5 million square feet of retail space and ±5.2 million square feet of office space in a 3-mile radius.
- High traffic intersection with ±92,000 vehicles per day and over 200,000 residents in a 5-mile radius.
- Chesapeake Regional Medical Center hospital is located ±2 miles south with 310 beds and ±3,000 employees.
- 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.
- Philadelphia MSA location with over 6,100,000 residents and 20 miles SE of downtown Philadelphia.
- East of The Shoppes at Cross keys shopping mall on main thoroughfare of retail corridor.
- Walgreens signed a new lease extension showing commitment to this location.
- Walgreens reports exceptional sales volumes at this store located in the Los Angeles MSA.
- Affluent HH income in a 5-mi radius of ±$110k and located at a corner with conbined traffic of ±60k VPD.
- Four medical facilities totaling 665 beds are located within a 2.1 mile radius of the subject property.
- 24-Hr store and pharmacy reporting exceptional annual sales with ±13 yrs. remaining on an absolute net lease.
- Walgreens closed the Rite Aid across the street shifting much of that customer base to the subject property.
- Adjacent to Atrium Health Hospital (157-beds) full service hospital.
- One of the best performing Rite Aid stores in the Midwest.
- Rite Aid added 10 years to the initial lease term in June of 2015 with six (5 year) options and increases.
- Roof was replaced in 2015 with a 20-year transferable warranty. Building exterior was also renovated.
- 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 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.
- Absolute net lease with 12 years remaining.
- Affluent area with solid incomes of over $110,000 in 1-mile radius.
- Part of the Virginia Beach-Norfolk-Newport News, VA-NC MSA with over 1,800,000 residents.
- South of Naval Station Norfolk with more than 82,000 active duty personnel and 39,000 civilians.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
