Walgreens Stores For Sale By The Boulder Group

The Boulder Group is pleased to exclusively market Walgreens stores for sale. The property is strategically located in the heavily trafficked signalized intersection of State Route 61 (Arcade Street) and Maryland Avenue E.  Walgreens has over 16 years remaining on the Walgreens lease which expires December 31, 2033. This absolute triple net lease features no landlord responsibilities and ten 5-year renewal option periods.

The 14,490 square foot Walgreens is strategically positioned on the southeast corner of Maryland Avenue E and State Route 61 (Arcade Street) in a densely populated residential area of St. Paul. This intersection experiences traffic counts in excess of 30,800 vehicles per day.  The Walgreens is located within a mile of Interstate 35, with easy interchange access. Interstate 35 gives direct access to St. Paul and to Interstate 94 which connects St. Paul and Minneapolis.  Interstate 35 experiences traffic counts in excess of 133,000 vehicles per day.  There are approximately 147,500 people living within a three mile radius of the property.

Walgreens is the largest drug retailing chain in the United States and has over 8,100 locations in the U.S.A. Walgreens is publicly traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $90 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.