Sands Investment Group is Pleased to Present Exclusively For Sale the 13,650 SF Walgreens Absolute NNN Investment Located at 3300 Dekalb Pike in East Norriton, Pennsylvania. The Current Lease Has Nearly 10 Years Remaining Term With Multiple Options to Extend. 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 Which Allows For a True Passive Investment With Zero Landlord Responsibilities
Investment Grade Tenant (S&P:BBB) With a Corporate Guarantee
Strong Fundamental Real Estate With Multiple Points of Access and Attractive Curb Appeal
Strong Guarantor – Walgreens Co. a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ:WBA) Reported Total Revenues in Excess of $139 Billion in the 2020 Fiscal Year
Full-Service Location With a Double Drive-Thru Format; The Store Offers Curbside Pickup and Delivery
Signalized Access, on a Hard Corner Location With Excellent Visibility on Dekalb Pike Which Sees Over 15,166 VPD
Strong Medical Drivers Include Multiple Hospitals Nearby: Abington Health Center, Einstein Medical Campus in Montgomery and the Suburban Community Hospital
Strong Corporate Presence – More Than 8,000,000 SF of Office Space Within a 3-Mile Radius, Including Headquarters of Unisys and Arraya Solutions
Strong Demographics With Over 164,531 Residents and an Average Household Income of More Than $114,849 in the 5-Mile Radius
Situated Within a Top MSA; Philadelphia is the #8 Ranked Metropolitan Statistical Area in the Country
Nearby Tenants Include: Walmart, Whole Foods, Giant, Dick’s Sporting Goods, Starbucks, Chick-fil-A, T.J. Maxx, ShopRite and More
In Cooperation With Sands Investment Group Philadelphia, LLC – Lic. # RB069072
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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 2019 list of the World’s Most Admired Companies, ranked first in the food and drugstore category. This is the 26th consecutive year that WBA or its predecessor company, Walgreen Co., has been named to the list.
More company information is available at www.walgreensbootsalliance.com.