Walgreens Absolute NNN Portfolio

  • $25,745,147
Texas, Arizona, New Mexico, Arizona, and Illinois - USA

Walgreens Absolute NNN Portfolio

Texas, Arizona, New Mexico, Arizona, and Illinois - USA
  • $25,745,147

Overview

Property ID: 18526
  • Property Type
  • Pharmacy Properties
  • 87
  • sqft

Description

Located across five states, this Walgreens portfolio of six properties comprises a total of 87,085 sq.ft., area of retail that sits on a 10.86 acres of land. All of these six absolute NNN Leases are backed by Walgreens Co. and include no landlord responsibilities. Seven years are remaining in each lease on the base term, including 10 (five-year) extensions to renew. Each of these six leases have the same expiration dates and are cross-collateralized by a single non-recourse loan having a maturity date that matches the expiration dates of the leases. You can purchase this NNN Portfolio of Walgreens backed credit properties by making only a 23 percent down payment. Located at hard corner signalized intersections, all of these six locations have very reasonable rents.

 

Being one of the nation’s largest drugstore chains, Walgreens, constitutes the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), the first global pharmacy-led, health, and wellbeing enterprise. The company serves more than 8 million customers every day in communities across America, and provides the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services, and advice. Walgreens has its presence in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands and operates 8,100 drugstores. The digital business of the company includes Walgreens.com, drugstore.com, Beauty.com, SkinStore.com, and VisionDirect.com.

This investment portfolio is suitable for a 1031 exchange. 

Property Details – 

  • Property Type – Pharmacy Properties
  • Property Status – Available
  • Location – Across five states – Texas, Arizona, New Mexico, Arizona, and Illinois.
  • Year of Construction – N/A
  • Lease Type – Absolute Net Lease
  • Lease Expiration – 6 years 9 months
  • Property Size – 87,085 sq.ft.

Details

Updated on April 16, 2020 at 5:39 pm
  • Price: $25,745,147
  • Property Size: 87 sqft
  • Property Type: Pharmacy Properties
  • Property Status: Available
  • Cap Rate: 6.63%
  • Lease Expiration: 6 years 9 months
  • NOI: $1,705,616
  • Tenant: Walgreens
  • Address Texas, Arizona, New Mexico, Arizona, and Illinois - USA
  • State/county Arizona, Illinois

Features

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Ronnie Issenberg
  • Ronnie Issenberg

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