Walgreens Available for Sale

Every investment opportunity below offers:

  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit

 

Available

Chicagoland, Illinois
$13,145,0005.25% CAP

  • NNN lease with approximately 19.5 years firm term
  • Just 14 miles from Walgreens corporate HQ
  • Just 35 miles from downtown Chicago
  • Affluent demographic; Avg HH Income $142,000
  • Over 90,000 people within 5 miles
  • Important strategic location for Walgreens
  • Rare option structure (every 5 years past 25)
  • True NNN lease with zero management responsibilities
Walgreens

Bayonne, New Jersey
$12,430,0005.35% CAP

  • Dense urban infill with 32,000 people in 1 mile
  • Brand new construction with 20 year NNN lease
  • Just across the Hudson River from lower Manhattan
  • True hard corner at high traffic, signalized intersection
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

Midlothian, Illinois
$8,720,0005.40% CAP

  • Very high sales volumes (150% of average)
  • 19+ years of firm lease term remain
  • Just 22 miles south of downtown Chicago
  • Dense population with 251,737 people in 5 miles
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

Glen Ellyn, Illinois
$7,000,0006.00% CAP

  • Excellent history of strong sales volumes
  • Just 22 miles west of downtown Chicago
  • Affluent area with $118,784 Avg. Household Income
  • Dense population with 109,803 people in 3 miles
  • Hard corner with drive-thru
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
Walgreens

Stratford, Connecticut
$6,273,0005.00% CAP

  • Walgreens just committed for an additional 20 years, after already operating at this location for the past 20 years
  • True hard corner with drive-thru
  • 35,922 cars per day at intersection
  • Dense population with 23,000 people in 1 mile
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • True NNN lease with zero management responsibilities
Walgreens

Boston Suburb
$5,865,0005.00% CAP

  • Walgreens just committed for an additional 20 years, after already operating at this location for the past 20 years
  • True hard corner
  • 40,997 cars per day at intersection
  • Infill location with 30,481 people in 1 mile
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • True NNN lease with zero management responsibilities
Walgreens

Richmond, Rhode Island
$5,640,0007.00% CAP

  • $7,900,000 in cash flow guaranteed by Walgreens
  • Walgreens ceased operations at this location
  • Loan can be assumed or bought free & clear
  • Non-recourse loan assumption requires $2M down
  • Loan produces $120,000 net income (6% return on cash)
  • Affluent area with Avg HH Income of $84,482
  • Less than 30 miles to Providence, RI
  • This location is immediately off Interstate 95
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
Walgreens

Boston Suburb
$4,967,0005.00% CAP

  • Walgreens just committed for an additional 20 years, after already operating at this location for the past 20 years
  • True hard corner with drive-thru
  • 33,061 cars per day at intersection
  • Infill location with 44,000 people in 1 mile
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • True NNN lease with zero management responsibilities
Walgreens

New York Metro Leasehold
$3,075,0008.00% CAP

  • Leasehold interest is 100% depreciable
  • Reported store sales well above average
  • Dense, urban infill
  • Over 20,000 people within 1 mile
  • Approximately 80 miles from New York City
  • Important strategic location for WAG
  • Approximately 8 years remaining on firm lease term
  • 8 x 5 year options
Walgreens

West Haven, Connecticut
$2,900,0005.00% CAP

  • Rent increases 10% in 10 years
  • Proven location with long established sales history
  • Ground lease for sale (building reverts to owner)
  • True hard corner with drive-thru
  • 7,200 cars per day at intersection
  • Dense population with 91,163 people in 3 miles
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities

Pending

Walgreens

Tallahassee, Florida
$10,850,0005.15% CAP

  • Fresh 25 Year NNN Lease
  • Main & Main location (over 67,000 cars per day)
  • Dense population; 100,000 people within 3 miles
  • Four blocks north of Florida State Capitol
  • Four blocks east of Florida State University
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
Walgreens

Bartlett, Illinois
$7,980,0005.00% CAP

  • One of the last new 25 year NNN leases
  • Affluent suburb of Chicago; 30 miles west
  • Avg Household Income $117,078
  • Over 60,000 people within 3 miles
  • Relocation of an existing store to freestanding corner
  • Delivers to Walgreens in April
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero cost exposure
Walgreens

Youngsville, Louisiana
$7,570,0005.35% CAP

  • High growth area with oil & gas resources
  • 22 years of firm lease term remain
  • Population and household growth rate is more than DOUBLE the National and State averages
  • Affluent area with Avg Incomes of $90,686
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

Russellville, Arkansas
$7,110,0005.60% CAP

  • 23.5 years of income guaranteed by WAG
  • Available for immediate sale for 1031 deadline
  • New construction of latest WAG prototype
  • 137 bed hospital down the street
  • No other national drugstore competition in town
  • Strong sales as Walgreens bought out USA Drug
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities

Sold

Walgreens

Alexandria, Virginia
$13,055,0005.40% CAP

  • Fresh 25 Year NNN Lease
  • Just six miles south of downtown DC
  • Affluent demographic; Avg HH Income $125,751
  • Dense population; 28,000 people within 1 mile
  • Located in historic Del Ray District
  • Rare option structure (every 5 years past 25)
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

New York
$12,567,0005.65% CAP

  • 8.12% return on cash available with new loan
  • Prime New York Metro real estate
  • Dense, urban infill (41,370 people in 1 mile)
  • 22+ years of guaranteed cash flow
  • Reported sales up 24% year-over-year
  • Relatively high incomes ($82,690 Avg HH Income)
Walgreens

Roseville, Minnesota
$11,890,0005.55% CAP

  • 22 years of guaranteed income
  • Proven record of 20+ years of high sales volume
  • New construction on same site as old store
  • Just 10 miles from downtown Minneapolis
  • Dense neighborhood with 80,000 people in 3 miles
  • Important strategic location for Walgreens
  • Zero management responsibilities
Walgreens

Metro New York
$11,620,0005.75% CAP

  • Prime New York Metro real estate
  • Very affluent Westchester County
  • Brand new with 25 years of guaranteed cash flow
  • Avg. HH Income ~$138,000
  • Strong population density (19,655 people in 1 mile)
  • Important strategic location for Walgreens
  • 10 x 5 year option structure
Walgreens

New York
$11,455,0006.40% CAP

  • Prime New York Metro real estate
  • Mature suburb of New York City
  • 24+ years of guaranteed cash flow
  • Located in affluent Westchester County
  • High incomes ($102,939 Avg HH Income)
  • Dense population (18,832 people in 1 mile)
  • Important strategic location for Walgreens
Walgreens

California
$11,060,0005.75% CAP

  • Prime San Francisco Bay Area real estate
  • Very difficult to develop in Santa Cruz
  • Brand new with 25 years of guaranteed cash flow
  • Dense urban infill location (24,535 people in 1 mile)
  • Important strategic location for Walgreens
Walgreens

Middleton, Massachusetts
$9,260,0005.40% CAP

  • 20 years firm remain on NNN Lease
  • Just 19 miles north of downtown Boston
  • Affluent demographic; Avg HH Income $113,390
  • Dense population; 100,000 people within 5 miles
  • Located on Main Street
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

New York
$9,155,0005.75% CAP

  • Prime New York Metro real estate
  • 40 miles from downtown Manhattan
  • Half way out to the Hamptons on Long Island
  • Outparcel to Walmart
  • 20+ years of guaranteed cash flow
  • $100,967 Average HH Income
Walgreens

Oregon
$8,695,0006.5% CAP

  • Very rare West Coast Walgreens
  • Great corner with over 60,000 cars per day
  • Retirement community; ideal Walgreens customers
  • Off the I-5, roughly in between Medford & Eugene
  • Important strategic location for Walgreens
  • Lease and rent start August 2011
Walgreens

Maine
$8,504,0006.35% CAP

  • Prime New England real estate
  • 25 years of guaranteed cash flow
  • Important strategic location for Walgreens
  • Approximately 30 miles southwest of Portland
  • Approximately 90 miles north of Boston
Walgreens

Washington DC Metro
$7,780,0005.40% CAP

  • New construction 25 Year NNN Lease
  • Washington DC Metro; 49 miles south
  • Affluent demographic; Avg HH Income $118,250
  • 45,000 people within 3 miles
  • 30,000 cars per day at intersection
  • Under construction for delivery February 2014
  • Rare option structure (every 5 years past 25)
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

San Francisco Bay Area
$7,750,0005.40% CAP

  • 25 years of guaranteed income
  • Brand new construction of latest WAG prototype
  • Caddy corner to new Walmart Supercenter
  • Open and paying rent; available for immediate sale
  • Over 31,000 cars per day at intersection
Walgreens

Alabama
$6,670,0006.00% CAP

  • 25 years of guaranteed income
  • Brand new construction of latest WAG prototype
  • Aging population ideal customer segment
  • This is the second Walgreens store in Cullman
  • Over 20,000 cars per day at intersection
Walgreens

Memphis, Tennessee
$6,578,0005.75% CAP

  • NO state income tax
  • 22+ years of guaranteed cash flow
  • Relocation of existing store
  • Rare 5 year option structure
  • Open and paying rent, perfect for 1031 exchanges
  • Kroger anchored, high profile intersection
  • Important strategic location
  • Dense population with 60,000 people in 3 miles
  • True NNN lease with zero management responsibilities
Walgreens

Rhode Island
$6,450,0006.5% CAP

  • Relocation store will open with strong sales
  • Dense, urban infill with 30,000 people in 1 mile
  • Important strategic location for Walgreens
Walgreens

Colorado
$6,435,0005.75% CAP

  • Highly desirable resort town Walgreens
  • Best corner in town
  • Amazing it was approved after 3 year fight with planning
  • Brand new with 24+ years of guaranteed income
  • Very high barriers to entry
  • Important strategic location for Walgreens
  • Preferred 10 x 5 year option structure
Walgreens

Connecticut
$6,420,0006.00% CAP

  • Prime New England real estate
  • 25 miles west of Providence, Rhode Island
  • 22+ years of guaranteed cash flow
  • $74,488 Average HH Income in 1 Mile
  • Great retail trade area with national retailers: Target, Lowe’s Home Improvement, Staples, Stop & Shop, Bed Bath and Beyond, Petco, and Starbucks
Walgreens

Connecticut
$6,285,0007.0% CAP

  • Proven performing Walgreen
  • Reported sales are well above average
  • Desirable New England location
  • 10 years firm term remain on NNN lease
  • Rare higher yield opportunity on NNN lease
Walgreens

Malden, Massachusetts
$6,000,0007.00% CAP

  • Rare New England Walgreens
  • Dense, urban infill
  • Almost 500,000 people within 5 miles
  • Important strategic location for WAG
  • NN Lease
  • 6+ years remaining on firm lease term
  • 8 x 5 year options
Walgreens

Wisconsin
$6,000,0006.00% CAP

  • 20 years of guaranteed income
  • 5 years of established sales performance
  • Just 6 miles from downtown Madison
  • Dense neighborhood with 15,000 people in 1 mile
  • Avg HH Incomes up around $75,000
  • Important strategic location for Walgreens
Walgreens

Massachusetts
$5,805,0007.5% CAP

  • Best corner in town
  • Anchored by a Walmart; opposite Target center
  • Leasehold provides for 100% depreciation***
  • Cross Rd is the main access for UMass Dartmouth
  • Lease and rent start June 2011
Walgreens

Southern California
$5,860,0007.0% CAP

  • Rare opportunity to buy Southern California Walgreens above a 7% CAP
  • 230,000 people within 5 miles
  • NN Lease
  • 10+ years remaining on firm lease term
  • Sales well above average
  • Store is a top performer in this market
Walgreens

Wisconsin
$5,700,0006.50% CAP

  • Relocation of a high sales volume store
  • Great corner with over 53,000 cars per day
  • "Main & Main" location with great retail trade area
  • West Bend is a relatively affluent suburb
  • Off the I-45, just 30 miles from Milwaukee
  • Important strategic location for Walgreen
Walgreens

South Carolina
$5,650,0006.25% CAP

  • Requires just $2,000,000 down
  • Existing loan MUST BE ASSUMED
  • Fixed rate of interest and return for 9+ years
  • $110,338 in annual net cash flow after debt service
  • 2 blocks from regional medical center
Walgreens

Troy, Ohio
$5,600,0006.00% CAP

  • Open & paying rent--available for immediate sale
  • Lower price point and great value
  • Offered free & clear; loans available today with as little as $1,400,000 cash down
  • Dense population with ~9,500 people in 1 mile
  • Preferred five-year option structure
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Walgreens

Colorado Springs, Colorado
$5,464,0007.75% CAP

  • Very rare Mountain West Walgreens
  • Stong Sales Performance
  • Established neighborhood with new growth
  • Low rent and purchase price
  • ~10 years of remaning lease term
Walgreens

South Carolina
$5,385,0006.50% CAP

  • Requires just 21% down = $1,135,000
  • Generates almost 8% return on cash
  • Interest only loan MUST BE ASSUMED
  • Very strong retail trade area with national tenants
  • Dense population with 40,000 people in 3 miles
Walgreens

Missouri
$5,205,0006.4% CAP

  • Rare combo of dense population and high incomes
  • Over 100,000 people within 3 miles
  • Average HH Incomes > $80,000
  • Rapidly growing suburb of Kansas City
  • Low rent and purchase price
  • 23.5 years remaining on firm lease term
Walgreens

Washington
$4,895,0007.60% CAP

  • Urban infill with very dense population
  • 18,817 people within one mile
  • 210,964 people within five miles
  • Washington has no state income tax
  • 9+ years of firm term remain
Walgreens

Indiana
$4,565,0006.25% CAP

  • Newer store with sales volumes well above average
  • Walgreens has been operating at site for 25 years
  • Approximately 19 years of firm lease term remaining
  • Rare opportunity to purchase a fee-simple Walgreens
    (i.e. dirt and building) for under $5,000,000
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit (S&P A+; Moody's Aa3)
  • NNN lease with zero management responsibilities
Walgreens

Mount Prospect, Illinois
$4,510,0005.75% CAP

  • Walgreens just extended lease
  • High performing location
  • Just 20 miles northwest of downtown Chicago
  • Affluent demographic; Avg HH Income $107,022
  • Dense population; 10,189 people within 1 mile
  • 25,000 cars per day at intersection
  • Site is just a 10 minute drive from Walgreens corporate headquarters
  • Preferred option structure (every 5 years vs. 1 year)
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • NN lease with minimal management responsibilities
Walgreens

Tyler, Texas
$4,500,0005.00% CAP

  • 20 years of guaranteed income
  • 11% rent increase coming in 5 years
  • Ground Lease -- Land for Sale
  • 90 miles east of Dallas
  • No state income tax; high growth state
  • Over 100,000 people within 5 miles
  • Important strategic location for Walgreens
  • True NNN ground lease with zero management responsibilities
Walgreens

Washington
$4,490,0007.55% CAP

  • Buy a NNN Walgreens with just $729,000 down
  • Self-amortizing loan MUST be assumed
  • Zero net cash flow
  • Significant principal reduction; strong equity buildup
  • Reported sales are strong and above average
  • 19+ years of firm lease term remaining
Walgreens

New England Leasehold
$4,200,0006.85% CAP

  • Leasehold interest is 100% depreciable
  • Requires just $1,455,000 down payment
  • $110,000 in net annual cash flow after debt service
  • 7.5% return on cash (before 100% depreciation)
  • Pure coupon clipper, no management
  • Preferred 10 x 5 year option structure
  • Strong retail trade area
  • Important strategic location for WAG
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
Walgreens

Texas
$4,200,0007.25% CAP

  • Proven performing Walgreens
  • Walmart across the street
  • Texas has no state income tax
  • Customer base is 95% Hispanic
  • 15 years firm term remain on NN lease
  • Higher yield opportunity than on new NNN lease
Walgreens

Ohio
$4,166,2508.00% CAP

  • Sales volumes in top 25% of all Walgreens
  • Walgreens has been operating at site for 14 years
  • In six years loan will be paid off; own free & clear
  • 12.50% return on cash after year 6
  • 6 years of firm lease term remaining
  • Dense population with 118,000 people in 5 miles
Walgreens

Sacramento, California
$4,075,0006.50% CAP

  • Leasehold interest is 100% depreciable
  • 19+ years of guaranteed income
  • Great hard corner in strong retail trade area
  • Pure coupon clipper, no management
  • Preferred 10 x 5 year option structure
  • Important strategic location for WAG
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit