Sands Investment Group is Pleased to Exclusively Offer For Sale the 9,804 SF Walgreens Absolute NNN Lease Located at 419 W Broad Street in Saint Pauls, North Carolina. The 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 Investment Grade Tenant (S&P: BBB) and Corporate Guarantee in a Strong Performing Location. The Next Closest National Drugstore Operator is More Than 15-Miles Away.
The Deal Includes an Absolute Triple Net (NNN) Lease Which Allows For a True Passive Investment and Zero Landlord Responsibilities
Above Average Sales For This Walgreens Concept
Complete Walgreens Conversion Which Shows Commitment to the Site
Full-Service Location With Drive-Thru; The Store Offers Curbside Pickup and Delivery
Zero National Competition Within a 15-Mile Radius
Investment Grade Tenant (S&P: BBB) With Corporate Guarantee
Multiple 5 Year Options to Extend With Fixed Increases of 5%, Providing Landlord Leverage Upon Renewal
Signalized Access With Excellent Visibility on Route 301 Which Sees Over 6,629 VPD
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
The Property is Situated Less Than 10-Miles From the Master Planned Hope Mills Industrial Park Which is Currently Being Developed and Will Consist of Over 1.3 Million SF of New Warehouse Product Along I-95, Providing an Economic Anchor in the Trade Area
Nearby Tenants Include: AutoZone, Hardee’s, Pizza Hut, Burger King, Food Lion, Days Inn, Taco Bell, Family Dollar, Walmart Neighborhood and More
In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 | BoR: Amar Goli – Lic. # 310575
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.