Walgreens NNN Portfolio

7610 McPherson Rd, Laredo, TX 78041, USA
$52,857,000

Description

Marcus & Millichap is pleased to present for sale this Walgreens portfolio of six strong performing stores located in Virginia, Georgia, North Carolina, Maryland, Massachussets and Texas.
Walgreens (NYSE: WBA) is a publicly traded company with an S&P Credit Rating of BBB and is ranked #17 in the Fortune 500 (2019). Some financial highlights include 2018 Revenues of $131.537 billion and 2018 Net Profits of $5.024 billion. Walgreen Co. operates over 8,200 stores in all 50 states, the District of Columbia, Puerto Rico and Guam. The company also operates worksite health centers, home care facilities, and specialty and mail service pharmacies.
This is an opportunity for an investor to acquire six long term fee-simple Absolute NNN leases Walgreens with zero landlord responsibilies.

  • Walgreens Corporate Guarantee (NYSE: WBA) – Investment Grade Tenant (S&P BBB)
  • Absolute Triple Net Lease “No Landlord Responsibilities”
  • Long Term Leases | 14+ to 15+ Years with Option Periods
  • Strong Demographic Markets
  • Strong Sales Locations
  • Drive-Thru Pharmacies
  • 5.5% Cash-on-Cash Return with Debt Assumption | $13.4M Equity Requirement | Fixed Debt for 9 years

>> DOWNLOAD OFFERING MEMORANDUM <<

  • State/county: Georgia, Maryland, Massachusetts, North Carolina, Texas, Virginia
  • Zip/Postal Code: 78041
  • Country: United States

Detail

  • Price: $52,857,000

Features