Property Description

Walgreens is the largest drug retailing chain the United States, operating over 8,217 stores in all 50 states. This offering presents an extremely rare opportunity for an investor to acquire a high profile, irreplaceable Walgreens with 14-years remaining on the original 25 year absolute NNN Lease with 5% rental increases every 5 years.

Walgreens has been a highly traded investment property given the low risks typically associated with these drugstore properties. The drugstore sector remains stable given is non-discretionary merchandise offerings. To compete with rival CVS, Walgreens has generally been willing to pay premier rental rates to secure prime sites.