Invest in Walgreens NNN Properties: Now for Sale

Walgreens NNN Properties for Sale

Expand your portfolio with a safe investment by buying a triple net lease Walgreens property. These establishments are in a stable industry that’s continually growing, especially with the heightened attention to healthcare and medicine. At Net Lease World, we carry a wide catalog of Walgreens properties located everywhere in the US. If you’re interested in this type of commercial real estate investment, check out our listing of Walgreens NNN properties for sale.

What Are Triple Net Properties?

Among the few types of commercial real estate lease agreements, net leases arguably provide the most freedom to investors and flexibility to lessees. For this one, the tenant will pay some of the net operation costs for the property. There are three types available today: single, double, and triple net leases. The latter is also called an NNN lease because it refers to the three net operating costs cared for by the tenant: Operating Expenses and Maintenance Property Insurance Property Taxes Thanks to this arrangement, the property owner can be as hands-off as they want on the daily management of the Walgreens establishment. This means that even those who don’t have any experience in the pharmaceutical industry can still make a profit from an NNN property, and that’s not the only advantage of this investment.

Investing in a Walgreens NNN Property: The Benefits

In general, there are plenty of advantages when it comes to triple net lease properties. However, a Walgreens property adds another set of benefits that you may not encounter in most other industries or companies. Here are some of what you can expect: 1. Minimal Responsibility for Investors As mentioned above, an NNN lease agreement puts most of the work on the lessee instead of the owner. Other types of commercial real estate contracts still put some responsibility on the owner, such as maintenance and taxes. With an NNN property, you can be as hands-off as you can. The tenant will take care of the insurance, taxes, and expenses for day-to-day maintenance. That way, you’re free to use your efforts and time on other investment ventures. 2. Long-Term Occupancy One way to guarantee a steady return on investment for rental properties is by having a minimal turnover rate. You won’t be spending resources to market the property and screen new tenants. To achieve this, you’ll need a long-term contract and a willing lessee. Thankfully, that’s easy to achieve in a Walgreens NNN property. Most contracts usually last for more than 20 years thanks to the general stability of the industry and Walgreens’ business acumen. 3. Guaranteed Cash Flow Given the points above, owning a Walgreens NNN property is one guaranteed way to earn a steady income. The first factor is the long-term lease, which means that you’d receive rent every month for decades. More than that, the NNN arrangement eliminates the need to provide resources for net operating costs. There’s nothing to chip away from your profits since the owner is the one handling most of the property management costs. 4. Small or Zero Exposure to Inflation and Other Market Factors In most commercial real estate lease agreements, owners are given the right to increase rates to address inflation and other market factors. However, even this condition doesn’t make them immune to rising prices if they’re still the ones responsible for net operation costs. Thankfully, an NNN lease shields the owner from rising prices. It will be the tenant who’ll shoulder new rates for insurance premiums or higher pricing for services and materials. 5. Transferable Leases Net leases, like most other commercial real estate agreements, are transferable. This means that contracts can be passed from one owner to another without changing the tenant. Thanks to this flexibility, you can easily let go of the NNN property should you find more lucrative opportunities, unlike other types of investments. You can then use the equity you earned to purchase other properties or investments. The transferable leases can also make your exit strategy more straightforward. 6. Great for Diversifying Your Portfolio Whether you’re just beginning in commercial real estate investment or are a seasoned veteran, a Walgreens NNN property is a great way to diversify your portfolio. Since having a property in the pharmaceutical industry is safe, you can use it to balance your assets against riskier investments. The equity you gain can also be used for other investment opportunities or for personal use, like vacations or retirement. 7. More Likely to Hold Value and Appreciate Walgreens, and other companies in the pharmaceutical industry in general, have stellar financial standing. They’re also recognized and trusted by consumers. Thanks to these factors, a Walgreens NNN property is more likely to hold value and appreciate in the long run. You’ll get higher capital gains should you decide to sell it in the future. 8. A Safe Industry There’s a lot of concern about the state of various financial markets thanks to the pandemic. But if there’s one industry you can count on, it’s pharmaceuticals. Not only did this industry grow during the past few years, but the fact that their services and products are essential only makes them more stable than ever. In addition to that, there are also the strategies that Walgreens uses when choosing locations. They are highly selective in order to make the most profits. By choosing a Walgreens NNN property, you’d also benefit from these approaches. You’ll get an establishment that holds value or appreciation, as mentioned above.

Walgreens Triple Net Leases: Find a Property Today

Now that you know the benefits of buying a Walgreens NNN property, it’s time to check out your options. Net Lease World is a trusted platform in triple net lease properties, and we have a wide selection of Walgreens NNN properties for sale. Check out our listings today and choose the properties you’re interested in investing in. If you want to learn more about a particular listing, please contact us today.