Tenant: Walgreens | Durham, NC Premises: 9,804 SF Renewal Options: 4 x 5 Years
Lease Expiration: 6/30/2025 Lease Type: Absolute NNN Rental Increases: 5% Every 5 Years
Absolute Triple Net (NNN) Lease Investment Opportunity with Zero Landlord Responsibilities
Outstanding Location in the Heart of Durham
Select Neighboring Tenants Include: Food World, Leone International Foods, KFC and DaVita Durham Dialysis
Over 100,000 Combined Vehicles Per Day Along Durham Freeway and Fayetteville Street
Walking Distance of Over 5.4 Million SF of Office Space (Average Occupancy of 99.2%) and Over 4,750 Multi-Family Units (Average Occupancy of 94.3%)
Strong Demographics – Population of Approximately 91,687 Within a 3-Mile Radius
Less Than 1 Mile from North Carolina Central University with Over 10,000 Students and Faculty
Less Than 3 Miles from Duke University with Over 38,000 Students and Faculty
Immediate Proximity to the Durham Bulls Athletic Park with Over 10,000 Person Capacity
In Cooperation with Sands Investment Group North Carolina, LLC
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.