Walgreens | Conover, NC | Sands Investment Group

Investment Offering

Tenant: Walgreens | Conover, NC
Premises: 14,550 SF
Renewal Options: 10 x 5 Years

Lease Expiration: 6/21/2035
Lease Type: Absolute NNN
Rental Increases:

Walgreens Co (NYSE: WAG), S&P Investment Grade Credit Rating of “BBB”
Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA), Featuring Annual Revenues in Excess of $117 Billion
Rite Aid Located 1-Mile Away Recently Closed and All Prescriptions Have Moved to This Location
~17 Years Remaining on an Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
Ten (10) x Five (5) Year Renewal Options
2015 Construction and Tenant Improvements
Over 8,173 Locations Across the U.S.
Excellent Visibility with Multiple Ingress/Egress Options
Traffic Counts – Combined 37,000 Vehicles Per Day
Less Than 2-Miles From I-40 – Over 48,000 VPD
Strong Retail Trade Area with Low Vacancy; Nearby Retailers Include: Walmart, McDonald’s, Sonic, Bojangles’, KFC, Dollar General and Adjacent to Cook Out
Featuring Over 46,000 Residents Within a 5-Mile Radius

Tenant Overview

Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise. The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years. Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination in the USA and Europe and, together with its equity method investments, employs more than 385,000 people and has a presence in more than 25 countries. Walgreens Boots Alliance is a global leader in pharmacy-led, health and wellbeing retail with over 13,200 stores in 11 countries. The company includes one of the largest global pharmaceutical wholesale and distribution networks with over 390 distribution centers delivering to more than 230,000 pharmacies, doctors, health centers and hospitals each year in 20 countries. In addition, Walgreens Boots Alliance is one of the world's largest purchasers of prescription drugs and many other health and wellbeing products. Walgreens Boots Alliance is included in Fortune magazine’s 2018 list of the World’s Most Admired Companies. This is the 25th consecutive year that Walgreens Boots Alliance or its predecessor company, Walgreen Co., has been named to the list.

Area Overview