Walgreens NNN Properties for Sale
88 live Walgreens listings as of October 7, 2026.
Walgreens cap rates by band
| Cap rate band | Listings | Average asking price |
|---|---|---|
| Under 5.00% | 2 | $4.67M |
| 5.00% – 5.99% | 16 | $6.20M |
| 6.00% – 6.99% | 24 | $5.52M |
| 7.00% – 7.99% | 24 | $4.06M |
| 8.00% and above | 22 | $3.63M |
Walgreens listings by state
| State | Listings | Average cap rate |
|---|---|---|
| Florida | 13 | 6.65% |
| North Carolina | 8 | 7.02% |
| Illinois | 6 | 7.21% |
| Indiana | 5 | 8.62% |
| Washington | 5 | 7.22% |
| Iowa | 4 | 7.72% |
| Missouri | 4 | 6.40% |
| Ohio | 4 | 6.40% |
| Texas | 4 | 6.33% |
| Minnesota | 3 | 8.00% |
| Colorado | 2 | 7.32% |
| Connecticut | 2 | 9.50% |
| Georgia | 2 | 6.74% |
| New Hampshire | 2 | 7.18% |
| New York | 2 | 6.44% |
| Pennsylvania | 2 | 8.04% |
| South Carolina | 2 | 8.24% |
| West Virginia | 2 | 6.85% |
| Arizona | 1 | 6.25% |
| Arkansas | 1 | 6.50% |
| California | 1 | 5.00% |
| Kentucky | 1 | 5.86% |
| Louisiana | 1 | 8.50% |
| Michigan | 1 | 10.72% |
| Mississippi | 1 | 8.00% |
| Montana | 1 | 4.75% |
| Nebraska | 1 | 6.33% |
| Nevada | 1 | 5.75% |
| New Mexico | 1 | 6.44% |
| Puerto Rico | 1 | 7.00% |
| Virginia | 1 | 6.25% |
| Wisconsin | 1 | 8.50% |
Walgreens remaining lease term
| Remaining term | Listings | Average cap rate |
|---|---|---|
| Under 5 years | 21 | 7.33% |
| 5 – 9.9 years | 31 | 7.88% |
| 10 – 14.9 years | 30 | 6.44% |
| 15+ years | 6 | 5.70% |
Buying Walgreens in a 1031 exchange
In a 1031 exchange, replacement property must be identified within 45 days of selling the relinquished property and the purchase must close within 180 days. A qualified intermediary holds the sale proceeds in between. Speak with your own tax adviser about your situation.
36 of the 88 live Walgreens listings have 10 or more years of primary lease term remaining (as of October 7, 2026).
Walgreens due-diligence checklist
- Read the full lease: confirm the firm term, renewal options, rent schedule and every landlord responsibility.
- Confirm who guarantees the lease (corporate, franchisee or personal) and review the guarantor’s financial statements where available.
- Order tenant estoppel and SNDA documents before closing.
- Review the title commitment, survey and zoning report for the parcel.
- Commission a Phase I environmental site assessment.
- Inspect the roof, structure, parking lot and HVAC, and confirm any warranties.
- Verify property tax, insurance and CAM reimbursements against the lease.
- Review store-level sales or rent-to-sales data if the tenant reports it.
Walgreens net lease FAQ
How many Walgreens net lease properties are for sale?
Net Lease World shows 88 live Walgreens listings as of October 7, 2026.
What cap rates are Walgreens properties listed at?
Live Walgreens listings with a published cap rate range from 4.50% to 10.72%, with a median of 7.00% (as of October 7, 2026). These are asking cap rates, not closed sales.
What is the typical asking price for a Walgreens property?
The median asking price across live Walgreens listings with a published price is $4.17M (as of October 7, 2026).
Which states have the most Walgreens listings?
Florida (13), North Carolina (8), Illinois (6). Listings appear in 32 states in total (as of October 7, 2026).
How much lease term is left on Walgreens listings?
The median remaining primary lease term is 8.0 years; 36 listings have 10 or more years remaining (as of October 7, 2026).
Live Walgreens listings
- Walgreens — Bettendorf, IA · Asking $4.81M · 7.14% cap rate
- Walgreens — Las Vegas, NV · Asking $5.32M · 5.75% cap rate
- Walgreens — Milford, NH · Asking $4.74M · 6.30% cap rate
- Walgreens — Clarkston, WA · Asking $5.00M · 7.50% cap rate
- Walgreens — Chicago, IL · Asking $7.96M · 6.10% cap rate
- Walgreens — Akron, OH · Asking $3.39M · 6.65% cap rate
- Walgreens — La Marque · Asking $2.80M · 7.50% cap rate
- Walgreens Pharmacy — Chester, VA · Asking $3.84M · 6.25% cap rate
- Walgreens — Shirley, NY · Asking $7.35M · 6.87% cap rate
- Walgreens — Kendallville, IN · Asking $3.61M · 8.81% cap rate
- Walgreens — Jacksonville, FL · Asking $2.91M · 7.00% cap rate
- Walgreens — Greensburg, IN · Asking $3.25M · 7.99% cap rate
- Walgreens — Saint Charles, MO · Asking $3.84M · 6.75% cap rate
- Walgreens — Peoria, AZ · Asking $3.46M · 6.25% cap rate
- Walgreens — Kalamazoo, MI · Asking $1.49M · 10.72% cap rate
- Walgreens — Russellville, KY · Asking $3.98M · 5.86% cap rate
- Walgreens — Everett, WA · Asking $6.37M · 6.75% cap rate
- Walgreens — The Bronx, NY · Asking $8.40M · 6.00% cap rate
- Walgreens — Fort Dodge, IA · Asking $3.62M · 7.14% cap rate
- Walgreens — Albuquerque, NM · Asking $5.90M · 6.44% cap rate
- Walgreens — Seattle (Tukwila), WA · Asking $22.30M · 5.47% cap rate
- Walgreens — St. Paul, MN · Asking $6.65M · 6.00% cap rate
- Walgreens — Bamberg, SC · Asking $1.01M · 9.00% cap rate
- Walgreens — Keystone Heights, FL · Asking $5.63M · 5.71% cap rate