Walgreens NNN Property For Sale — NC
NC
A portfolio of three Walgreens pharmacies located in North Carolina, offering a stable investment with an absolute NNN lease structure, zero landlord responsibilities, and rent escalations. The tenant, Walgreens Boots Alliance (NASDAQ: WBA), holds an investment-grade credit rating of BBB/Stable by Standard & Poor’s. Walgreens is the largest drugstore chain in the U.S. with over 8,100 locations and a long-standing history of over 100 years. The company is a global pharmacy-led, health, and wellbeing enterprise with a significant international presence, employing over 400,000 people. The favorable lease structures, which originated from the Walgreens buyout of Kerr Drugs, include rent increases during the base term and options. This offering provides investors with high levered cash-on-cash…
- Address: NC
- Asking price $12.05M
- 6.25% cap rate
- NOI $753,170
- 6 years remaining
- NNN lease
- Rent increases: Rent escalations included in the lease structure.
- Guarantor: Corporate
Asset type: Retail