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Daniel Hoogesteger

Sands Investment Group

Office Phone: 310-774-3772


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Published on: Tuesday, April 21, 2015 10:16:19 AM
Updated on: Friday, April 24, 2015 2:38:31 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Indiana-41108

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 0


Building Size: 13,522 SqFt

Lot Size: 0 Acre

No of Stories: 1

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing


Offer to Millionaire Club: No

Listing Summary: Walgreens is one of the leading American chain of drugstores with 8,876+ locations throughout all 50 states including Puerto Rico. Walgreens sells everything from prescription and non-prescription drugs to household products, personal care, food vitamins, beauty care, and more. Founded in 1901,Walgreens goal is to be consumers’ first choice for health and daily living across the nation, and a central part of people’s lives and the communities where they live and work. The company provides the most convenient, multi-channel access to goods and services, and pharmacy, health and wellness services while developing a new customer experience.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 7.05

Commission Split (%): 0

Complete Details

Year Build: 0

Building Size: 13,522 SqFt.

No of Stories: 1

Total Lot Area: 0.00 Acre

No of Parking: 0

No of Total Units: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Heating and Cooling

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Metal

Occupancy: 100%

Full Description

Walgreens remains among the fastest growing retailers in the country with an anticipated organic growth rate of between 1.5 and 2.5 percent in 2013. Walgreen health clinics and growing specialty pharmacy business complement Walgreen drugstores. Walgreen now operates more than 700 health and wellness clinics in their stores and on employer worksites. Walgreen health centers on or near employer campuses offer diverse services including primary and acute care; wellness, pharmacy and disease management services; and health and fitness programming. Employers recognize the significant value and cost savings these centers can provide.

Additional Properties

Property Highlights
  • 100% leased single-tenant NN fee simple lease
  • 20 years of Walgreens occupancy at site since 1994
  • Extremely below market only $10.38 PSF / YR
  • Walgreens has an investment grade S&P Credit Rating of BBB
  • Very strong rent to sales ratio of 6.65% based on reported sales, not including third party prescription
  • Located in emerging retail trade area, with both a brand Walmart Neighborhood Market and McDonalds now located directly across intersection

Attached Documents

 Download | Offering Memorandum ( 1,639.92KB)

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