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Thursday, September 9, 2010 |
976 properties online |
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Walgreens Drugstore
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Make Offer
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Featured Property
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Property Type
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Retail Single Tenant
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State
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VA
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Sale price
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$ 6,351,351
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Cap Rate
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7.40%
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Lease Term (Years)
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25.00
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Lease Type
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NNN
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Landlord Responsibilities
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Guarantor
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Walgreen Co.
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Credit Rating
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S&P Rated A
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Net Worth
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14.37 Billion
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Tenant Mix
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Tenant Number
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Tenant Information
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It operates nearly 7,500 drugstores in 50 states, the District of Columbia, Guam, and Puerto Rico, as well as two mail-order facilities. Prescription drugs account for about two-thirds of sales; the rest comes from general merchandise, over-the-counter medications, cosmetics, and groceries. Walgreen usually builds rather than buys stores, so it can pick prime locations. Most stores offer drive-through pharmacies, and almost all offer one-hour photo processing. Walgreen is slowing future store openings to focus on strengthening existing stores.
Walgreens had revenues of $63.33 Billion in August 2009. Walgreens has a net worth of $14.37
Billion.
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Tenant Web Site
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http://www.walgreens.com
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Ticker Symbol
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WAG
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NOI
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$ 470,000.00
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Rent Adjustments
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Years 1-25: $470,000
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Percentage Rent
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Please see lease
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Lease Renewal Options
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Fifty 1-year options to terminate after initial lease term
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Lease Term (Years)
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25.0
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Price per Square Foot
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$ 429.15
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Rent per Square Foot
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$ 31.76
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Property Status
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Available
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Lease Commencement
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November 2008
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Rent Commencement
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October 2008
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Notes on Lease
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Net, Net, Net. No landlord responsibilities.
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Square Feet
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14,800
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Land Area
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2.10 Acres
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Year Built
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2008
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Year Rennovated
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Existing Financing
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No
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Loan Amount
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Loan Term
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Loan Rate
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Balloon
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Equity
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Loan Assumption Fee
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Loan Prepayment Fee
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Cash on Cash
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Debt Notes
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N/A
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Upland Net Lease Sales, LLC.
50 South 6th Street, Suite 1418
Minneapolis, Minnesota 55402
Voice: 612.332.6600 - Fax: 612.376.4489 - Email:
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Toll Free: 888-655-1031
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