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Walgreens Absolute NNN Asset Drugstore North Carolina

Walgreens | Maxton, NC
Make an Offer
Investment Offering

Tenant: Walgreens | Maxton, NC
Premises: 9,804 SF
Renewal Options: 4 x 5 Years

Lease Expiration: 6/30/2025
Lease Type: Absolute NNN
Rental Increases: 5% Increases in Each Option


Sands Investment Group is Pleased to Exclusively Offer For Sale the 9,804 SF Walgreens Absolute NNN Asset Located at 106 W Dr Martin Luther King Jr Drive in Maxton, North Carolina. This Deal Includes Approximately 4 Years Remaining on an Absolute Triple Net Lease With 5% Increases in Each Option Period. This Property Provides a New Owner With an Opportunity to Purchase an Essential Business With an Investment Grade Tenant (S&P: BBB) and Corporate Guarantee.

  • Absolute Triple Net (NNN) Lease – Allowing For a True Passive Investment and Zero Landlord Responsibilities
  • Multiple 5 Year Options to Extend With Fixed Increases of 5%, Providing Landlord Leverage Upon Renewal
  • Strong Guarantor – Walgreen Co. a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA) Reported Total Revenues in Excess of $139 Billion in the 2020 Fiscal Year
  • Complete Walgreens Conversion Which Shows Commitment to the Site
  • Full-Service Location With Drive-Thru; The Store Offers Curbside Pickup and Delivery
  • Investment Grade Tenant (S&P: BBB) With Corporate Guarantee
  • Zero National Competition Within 8-Miles of the Store
  • Signalized Access, on a Hard Corner Location With Excellent Visibility on Dr Martin Luther King Jr Drive Which Sees Over 6,830 VPD
  • Nearby Tenants Include: Dollar General, Hardee’s, Piggly Wiggly, Family Dollar and NAPA Auto Parts

In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 | BoR: Amar Goli – Lic. # 310575

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Tenant Overview

Walgreens Boots Alliance (NASDAQ: WBA) is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of trusted health care heritage and innovation in community pharmacy and pharmaceutical wholesaling.

Including equity method investments, WBA has a presence in more than 25 countries, employs more than 450,000 people and has more than 21,000 stores.

WBA’s purpose is to help people across the world lead healthier and happier lives. The company is proud of its contributions to healthy communities, a healthy planet, an inclusive workplace and a sustainable marketplace. The company’s businesses have been recognized for their Corporate Social Responsibility. Walgreens was named to FORTUNE* magazine’s 2019 Companies that Change the World list and Boots UK was recognized as Responsible Business of the Year 2019-2020 by Business in the Community.

WBA is included in FORTUNE’s 2021 list of the World’s Most Admired Companies, ranked first in the food and drugstore category. This is the 28th consecutive year that WBA or its predecessor company, Walgreen Co., has been named to the list.

Area Overview

Walgreens | Maxton, NC

106 W Dr Martin Luther King Jr Dr - Maxton, NC 28364

Contact Broker for Details

Status: Sold

Walgreens | Maxton, NC

Nate Cleland

610.756.7239
ncleland@SIGnnn.com

Tom Gorman

610.550.8884
tom@SIGnnn.com

Make an Offer
$8.3 BILLION IN SALES

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Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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