The Walgreens Co. is the largest drugstore chain in the United States. Founded in Chicago, Illinois in 1901, Walgreens is currently headquartered in Deerfield, Illinois. It functions over 8,200 locations in all 50 states, the District of Columbia, Puerto Rica, and Guam. The company offers prescribed and non-prescribed drugs as well as general merchandise, including household products, personal care, beauty care, photofinishing, and other health and wellness solutions. The company’s typical store is around 14,500 square feet and offers nearly 25,000 items for sale. On average, one store fetches $8.5 million in annual sales.
Walgreens enjoys an investment grade rating of BBB from Standard and Poor’s and a long-term rating of Baa2 from Moody’s.
- Industry: Pharmacy
- Holding Company: Walgreen Co.
- Lease Structure: NNN
- S&P Bond Rating: BBB
- Moody’s Bond Rating: Baa2
- Website: http://www.walgreens.com