1031 Deal Hub

Walgreens

Overview

Walgreens is one of the leaders in the drugstore industry, with over 9,000 locations in all 50 states. Walgreens offers long lease terms of 25 years with options to last up to 75 years, but often without rental escalations. Their average lot size is from 1.5-2 acres and the average building size is 13,000 – 15,000 square feet. On average, each Walgreens location will bring in around $8.5 million in sales.
Lowest Cap Rate

3.46%

Average Cap Rate

5.67%

Property & Lease

Average Sale Price

$3,000,000 – $8,000,000

Average NOI

$175,000 – $450,000

Building SF

13,000 – 15,000

Lease Term

25 Years

Escalations

Flat Initial Term and Options

Stock Symbol

NASDAQ:WBA
Credit Rating

S&P

BBB

Moody’s

Baa2

Tenants

Scroll to Top

Sign in or create a free account to save properties.

Create an Account to Access Our Best Net Lease Deals

Have an account?