Walgreens NNN For Sale
Walgreens Triple Net Real Estate
With the stability of the retail pharmacy industry going strong, Walgreens Real Estate remains a strong, valuable net lease investment with minimal risk. They usually go with choice corner real estate, and prefer parcels of over one acre. This might range up to two acres, given Walgreens building dimensions are often around 14,500 square feet on average.
Though in some cases construction projects might be smaller or larger, anywhere from 10,800-15,000 sq. ft. In order to maintain market share against their biggest competitor CVS Pharmacy, they will also extend their initial lease terms to twenty five years, in addition to paying a premium to acquire a valuable real estate site.
Recently, 8-10 separate options to renew every 5 years went into effect, even extending lease lengths upwards to seventy five year terms. Interesting to note that after year 25, a yearly right-to-cancel clause is being added to contracts. Now while providing flexibility for Walgreen’s, it was not looked upon favorably by leaseholders. Primarily knowing that financing might be pulled out from beneath them at any given time after the base term expires.
Walgreens Real Estate are a great choice for investors who are seeking stable, long term cash flow and need to find a suitable replacement property for a 1031 Exchange. As the inventory for Walgreens For Sale is constantly changing please fill out a form to get an updated list of available Walgreens for Sale or other net lease properties that fit your acquisition criteria.
Corporate Signed | Investment Grade Tenant. Absolute NNN […]
Arlington Heights, IL$5,888,000
Single Tenant Net Lease Walgreens. Property Sits at […]
Zero Maintenance/No LL Responsibilities. Double Drive-Thru Lanes. Income […]
Lease with 10 (5-year) options on an absolute […]
Walgreens exercised option early and extended lease in […]
DeFuniak Springs, FL$5,599,000
The lease features 5% rental increases every 5 […]
NO landlord responsibilities. Pride of ownership – all […]
Lease Term with 10, 5 Year Renewal Options. […]
Walgreens renewed with no rent reduction. Tenant spent […]
8% rental escalations every five years. Approximately 7yrs […]
Walgreens Absolute Net Lease Through 2034. Population in […]
13.5 Years Remain on Absolute Net Lease. Investment […]