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Walgreens Investment Property

Call 312.433.9300 x 20 For Walgreens Loans & Acquisitions

Demand for Walgreens Investment Properties continues to be strong. The Buyers Utopia team receives regular requests for Walgreens NNN investments. Walgreen’s buyers really vary widely from trade up 1031 investors to institutions and REIT’s to doctors, dentists and lawyers to small syndication’s and partnerships. Newly constructed Walgreens with 25 year leases are trading as low as 5% with an average of 5.75% cap rate.The opportunity for older Walgreen deals from 15-20 year lease see’s the increase slightly to 6.5%. 10 year leases and less however see opportunities in the 7%- 7.5% Cap Range.

Walgreens has been a highly traded investment property given the low risks typically associated with pharmacy related investment properties. Walgreens properties have one of the strongest tenant ratings,  as indicated by its investment grade A+ and A2 credit corporate tenant ratings from S&P & Moody’s. The drugstore sector in general is aided by the nondiscretionary merchandise offerings at there strategically targeted locations.  We are seeing Walgreen’s properties selling from $2,500,000 to $10,000,000 depending on lease length and locations.

Featured Walgreens For Sale:

PURCHASE PRICE:  $3,241,379.31
NET OPERATING INCOME:  $235,000.00
CAPITALIZATION RATE:  7.25%
BUILDING SF:  14,440 SF LAND SF:  1.5 Acres
LEASE  COMMENCEMENT: 03/01/1998
LEASE  EXPIRATION: 02/28/2018
INITIAL LEASE TERM:  20 Years NN Lease
RENEWAL  OPTIONS:  (10) – 5 Year Options

The subject property is located along a heavy retail corridor in South Elgin, a growing suburb that sits 37 miles outside of Chicago. Money Magazine named South Elgin as one of  America’s 100 best places to live. Email realestate@ideallocation.com for more information

Walgreen’s (www.walgreens.com) trade symbol WAG – NYSE is the nation’s largest
drugstore chain with fiscal 2009 sales of $63 billion. The company operates 7,545
drugstores in all 50 states, the District of Columbia and Puerto Rico. Each day,
Walgreen’s provides nearly 6 million customers the most convenient, multichannel
access to consumer goods and services and trusted, cost-effective pharmacy, health
and wellness services and advice in communities across America.  Walgreen’s scope
of pharmacy services includes retail, specialty, infusion, medical facility, long-term
care and mail service, along with pharmacy benefit solutions and respiratory
services.  Walgreen’s Take Care Health Systems subsidiary is the largest and most
comprehensive manager of worksite health centers and in-store convenient care
clinics, with more than 700 locations throughout the country.

If you are looking to acquire a Walgreens or to finance a Walgreens call 312.433.9300 x 20 or email rob@ideallocation.com

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