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net lease walgreen's

Net Lease Walgreen’s Property Profile and Cap Rates

Date March 4, 2017

Net Lease Walgreen’s – Typical Property and Lease Terms

 

Price Range:$6.75M - $13M
Cap Rate:5.50%
Net Income:$350,000-$600,000
Price Per foot:$400 PSF - $600 PSF
Building Size:14,500 SF
Lot Size:2 Acres
Escalations:Flat
Lease Term:20 Years
Lease Type:NNN
Credit Rating:BBB (S&P)

 

Tenant Company Information:

 

Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and wellbeing company. The company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics. It also provides specialty pharmacy services; and manages in-store clinics under the brand Healthcare Clinic. As of January 31, 2017, this segment operated 8,175 retail stores under the Walgreens and Duane Reade brands in the United States; and 7 specialty pharmacy locations, as well as managed approximately 400 Healthcare Clinics. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deerfield, Illinois.

 

The Walgreen Company is the largest drug retailing chain in the United States. The company is publicly traded on the NASDAQ (WBA) with a market capitalization in excess of $89 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB. In October 2016 Walgreens Boots Alliance received the United Nations Foundation Global Leadership Award for its commitment to the UN’s Sustainable Development Goals.

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