Walgreens | Absolute Triple Net Lease

Highlights:

• The Deal Includes an Absolute Triple Net (NNN) Lease Which Allows For a True Passive Investment and Zero Landlord Responsibilities
• Above Average Sales For This Walgreens Concept
• Complete Walgreens Conversion Which Shows Commitment to the Site
• Full-Service Location With Drive-Thru; The Store Offers Curbside Pickup and Delivery
• Zero National Competition Within a 15-Mile Radius
• Investment Grade Tenant (S&P: BBB) With Corporate Guarantee
• Multiple 5 Year Options to Extend With Fixed Increases o f 5% , Providing Landlord Leverage Upon Renewal
• Signalized Access With Excellent Visibility on Route 301 Which Sees Over 6 ,629 VPD
• Strong Guarantor – Walgreen Co. a Subsidiary o f Walgreens Boots Alliance Inc. (NASDAQ: WBA) Reported Total Revenues in Excess of $139 Billion in the 2020 Fiscal Year
• The Property is Situated Less Than 10-Miles From the Master Planned Hope Mills Industrial Park Which is Currently Being Developed and Will Consist of Over 1.3 Million SF of New Warehouse Product Along I -95, Providing an Economic Anchor in the Trade Area
• Nearby Tenants Include: AutoZone, Hardee’s, Pizza Hut, Burger King, Food Lion, Days Inn, Taco Bell, Family Dollar, Walmart Neighborhood and More

Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 9,804 SF Walgreens Located at 419 W Broad Street in Saint Pauls, NC. The Deal Includes Approximately 4 Years Remaining on an Absolute Triple Net Lease With 5 % Increases in Each Option Period. This Property Provides a New Owner With an Opportunity to Purchase an Essential Business With Investment Grade Tenant (S&P: BBB) and Corporate Guarantee in a Strong Performing Location. The Next Closest National Drugstore Operator is More Than 15- Miles Away.

Documents: