Average Sale and Lease Details

Price Range 12mo avg: $2.13M – $11.3M
$/sf 12mo avg: $390
CAP Rate 12mo avg: 6.17%
NOI average: $341622
Lease Terms: 25yrs
Typical Lease Type: NNN
Building Size avg: 14445 SF
Lot Size avg: 1.6+/- acres

About Walgreens

Walgreens (NASDAQ: WBA) was founded in Chicago, Illinois in 1901.

As of 31 August 2016, Walgreens is part of the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc.

Walgreens is the largest drug retailing chain in the United States. Walgreens provides access to consumer goods and services, plus pharmacy, photo studio, health and wellness services in the United States through its retail drugstores,Walgreens Health Services division, and Walgreens Health and Wellness division.

The company sells prescription and non-prescription drugs, as well as general merchandise products.

Today, Walgreens is taking its products and services to the four corners of the world as part of the Retail Pharmacy USA division of Walgreens Boots Alliance, Inc., the first global pharmacy-led, health and well-being enterprise in the world. Walgreens Alliance Boots was created through the combination of Walgreens and Alliance Boots in December 2014. This transaction brought together two leading companies with iconic brands. Walgreens anticipates capital expenditures to be approximately $1.7 billion in fiscal 2015.

  • Retail Pharmacy USA Division’s principal retail pharmacy brands are Walgreens and Duane Reade. Together, they form one of the largest drugstore chains in the USA.
  • USA Division operates 8,175 drugstores in 50 states, the District of Columbia, Puerto Rico and the US Virgin Islands. As of August 2016, approximately 76 percent of the population of the USA lives within five miles of a Walgreens or Duane Reade.
  • Overall, USA Division filled approximately 740 million† prescriptions in 2016.  Adjusted to 30-day equivalents, it filled 928 million† prescriptions in 2016. Third party sales, where reimbursement is received from managed care organizations, government and private insurance, were approximately 97 percent† of prescription sales.




Annual Reports

Walgreens Financial Highlights

S&P Credit Rating: BBB-
Moody’s Credit Rating: Baa2
Annual Revenue 2017: $118.21B
Annual Revenue 2016: $117.35B
Revenue Growth: 0.73 2016
Net Income $4.1B
Units (Aug. 2017) 12822
Average Units Volume: $9.2M

Sales Revenues and Store Units are reflecting Retail Pharmacy, USA business segment only.

Recent Closings for Walgreens and Similar Tenants

Net Leased Walgreens – Aubrey, TX


San Antonio, TX
Net Leased Walgreens – Aubrey, TX


Aubrey, TX
KW Net Lease Advisors