Walgreens NNN Cap Rates: Investor Guide
By Ted Dowding, Managing Broker, TD Commercial Group
TL;DR: Net Lease World currently lists 88 Walgreens properties for sale with asking prices of $990,000 to $22.30M and asking cap rates of 4.50% to 10.72%. Every figure comes from a stored listing or closed-sale record.
Where Walgreens properties are listed right now
| City | State | Listings |
|---|---|---|
| Chicago | IL | 3 |
| Jacksonville | FL | 2 |
| Fort Dodge | IA | 2 |
| Bamberg | SC | 2 |
| Greensboro | NC | 2 |
| Kendallville | IN | 2 |
| Colorado Springs | CO | 2 |
| Greensburg | IN | 2 |
| Berlin | CT | 2 |
| Houston | TX | 1 |
| Macclenny | FL | 1 |
| Paris | TX | 1 |
| Billings | MT | 1 |
| Norristown | PA | 1 |
| Belleair Bluffs | FL | 1 |
| Moline | IL | 1 |
| Shirley | NY | 1 |
| Everett | WA | 1 |
| Albuquerque | NM | 1 |
| Robbinsville | NC | 1 |
Current Walgreens listings
- Walgreens — Houston, TX — asking $3.01M — cap rate 7.76%
- Walgreens — Macclenny, FL — asking $3.20M — cap rate 10.00%
- Walgreens — Paris, TX — asking $5.01M — cap rate 6.75%
- Walgreens — Billings, MT — asking $5.06M — cap rate 4.75%
- Walgreens — Norristown, PA — asking $5.40M — cap rate 7.51%
- Walgreens — Chicago, IL — asking $2.44M — cap rate 8.81%
- Walgreens — Belleair Bluffs, FL — asking $8.20M — cap rate 6.00%
- Walgreens — Moline, IL — asking $4.00M — cap rate 8.25%
- Walgreens — Shirley, NY — asking $7.35M — cap rate 6.87%
- Walgreens — Everett, WA — asking $6.37M — cap rate 6.75%
- Walgreens — Albuquerque, NM — asking $5.90M — cap rate 6.44%
- Walgreens — Robbinsville, NC — asking $3.29M — cap rate 8.75%
Closed Walgreens sales
- Walgreens — Houston, TX — sold 2025-08-05 for $4.20M