How SIG Sold The Promise of An Extended Lease on a Walgreens Deal in Houston | Case Study

walgreens for saleInterested in buying or selling a Drugstore? When the goal is growing an investment portfolio with specific properties, you can’t trust a typical real estate agency to walk you through the process. SIG is a commercial real estate brokerage firm with a wealth of experience helping clients find, secure, and purchase properties to round out their investment portfolio. Check out our newest drugstore listings to hit the market.

Walgreens Absolute Net

Walgreens | Rome, NY


Sands Investment Group is Pleased to Present For Sale the Walgreens Absolute Net Located in Rome, New York. This Deal Includes a Highly Desirable Absolute Triple Net Lease (NNN) With Zero Landlord Responsibilities. Sits on One of the Main Retail Corridors in Rome, NY, Providing For a Unique Investment.

  • Highly Desirable Absolute Triple Net Lease (NNN) With Zero Landlord Responsibilities
  • Sits on One of the Main Retail Corridors in Rome, NY
  • The Population Within a 10-Mile Radius Spends Roughly $40,000,000 on Health Care Annually
  • Average Household Income Within a 10-Mile Radius is Approximately $77,597
  • Walgreen Company, d/b/a Walgreens, is an American Company That Operates the Second-Largest Pharmacy Store Chain in the United States; it Specializes in Filling Prescriptions, Health and Wellness Products, Health Information and Photo Services
  • Strategically Located on Erie Boulevard and James Street, Which Has an Average Vehicle Count of Over 20,833 Vehicles Per Day
  • Nearby Tenants Include: Marshalls, WellNow Urgent Care, American Renal Associates of Rome, Rome Health General Hospital and the Rome Family YMCA

In Cooperation With SIG RE Services NY LLC – Lic. #10991233211 BoR: Andrew Ackerman – Lic. NY #10491210161

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Walgreens Absolute NNN Investment

Walgreens | East Norriton, PA


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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Walgreens Triple Net Lease

Walgreens | South Glens Falls, NY


Sands Investment Group is Pleased to Exclusively Offer For Sale the 9,500 SF Walgreens Triple Net Lease Located at 94 Main Street in South Glens Falls, New York. Approximately 4 Years Remain on a Triple Net Lease With 10% Increases at Each Option Period. Walgreens Just Extended Their Lease Showing Commitment to the Location. 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. The Current Rent is a Replaceable $11.58 Per Square Foot, Which Results in an Asking Price That is Below the Replacement Cost For the Property.

  • Multiple 5-Year Options to Extend With Fixed Increases of 10%, Providing Landlord Leverage on Renewal Negotiations
  • Current Annual Rent of $11.58 PSF is Replaceable and Below the Chainwide Average – Improving Likelihood of Renewal
  • Recent 5-Year Extension Showing Commitment to the Location
  • Walgreen Co. a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA) Reported Total Revenues in Excess of $139 Billion in the 2020 Fiscal Year
  • This Store Has Operated as a Drug Store For More Than 25 Years
  • Investment Grade Tenant (S&P: BBB) With Corporate Guarantee (Walgreen Co.)
  • Located on the Main Retail and Commuter Thoroughfare in South Glens Falls With a Traffic Count of More Than 21,561 VPD
  • Situated in Close Proximity to Glens Falls Hospital a 410-Bed Community Hospital That Operates 28 Off-Campus Health Care Facilities Throughout the Region
  • Limited Drug Store Competition in the Trade Area; The Hudson River Creates a Natural Border Making This Location the Easiest and Most Accessible National Drug Store Provider For All of the Residents in South Glens Falls
  • Nearby Tenants Include: McDonald’s, Dollar Tree, Rent-A-Center, Dunkin’, Family Dollar, Advance Auto Parts, Hannaford Supermarket, Ace Hardware and More

In Cooperation With SIG RE Services NY LLC – Lic. # 10991233211 BoR: Andrew Ackerman – Lic. # 10491210161

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Shopping Center For Sale

Grantsville Plaza | Grantsville, MD


Sands Investment Group is Pleased to Present Exclusively the 84,410 SF Shopping Center For Sale Located in Western Maryland, Approximately 54 Minutes East of Morgantown, West Virginia. Grantsville Plaza is the Dominant Community Shopping Center in This Market Featuring Several National Tenant Anchors (47%), Such as Dollar General, Walgreens, True Value Hardware and NAPA Auto Parts. New Ownership Can Immediately Increase Value By Implementing an Aggressive Leasing Campaign to Fill the Former Shop N Save Grocery Box or Consolidating the Over 40,000 SF of Available Space Into Alternative Self Storage, Medical or Industrial Uses.

  • 84,410 SF Plaza With National Tenant Anchors Paying Well Below Market Rent
  • Former Grocery Box Includes Thousands of Dollars in FF&E
  • 51% Occupancy = Value Add Opportunity Through a Releasing Program or Redevelopment With Alternative Uses
  • Offering Price at $29.62 PSF Which is Well Below Replacement Cost
  • 47% of Tenants are Internet and Pandemic Resistant (Hardware Store, Drug Store, Auto Parts & Dollar Store)
  • Anchor Tenants Have Been in Place For an Average of 28 Years, Showing a Longstanding Commitment to the Property
  • Low Rent-to-Sales Ratios For Anchor Tenants Increases Opportunity For Long Term Tenancy
  • Seller Has Invested Over $400,000 in CAPEX Improvements During Ownership Tenure
  • Corporate Guarantee From Dollar General (NYSE: DG) With an Investment Grade Credit Rating of BBB
  • Walgreens Co (NYSE: WAG) With S&P Investment Grade Credit Rating of BBB
  • Strategically Located Just Off I-68 and the Newly Configured MD-219 with Easy Access For Travelers and Truckers in All Directions
  • Limited Competition in the Trade Area With Grantsville Plaza Being the Historic Shopping Destination

In Cooperation With: Sands Investment Group Maryland, LLC Lic. # 5002337 BoR: Tom Gorman – Lic. # 5002337

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Walgreens NN Lease

Walgreens | Dansville, NY


Sands Investment Group is Pleased to Present For Sale the Walgreens NN Lease Located in Dansville, New York. This Deal Includes Nearly 8 Years Remaining on the Lease With Multiple Options to Extend Beginning With a 21% Increase in the First Option, Followed By Increases of More Than 5% in Each Option Thereafter. 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. The Current Rent is a Replaceable $13.33 Per Square Foot, Which Results in an Asking Price That is Below the Replacement Cost For the Property.

  • Multiple 5 Year Options to Extend With a Fixed Increase of More Than 21% in the First Option Providing Landlord Leverage on Renewal
  • Current Annual Rent of $13.33 PSF is Replaceable and Below the Chainwide Average
  • Investment Grade Tenant (S&P: BBB) With Corporate Guarantee (Walgreen Co.)
  • Walgreen Co., a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA), Reported Total Revenues in Excess of $139 Billion in the 2020 Fiscal Year
  • Limited Drug Store Competition in the Trade Area; There Are Only Two Other Drug Stores (CVS and Top’s Market) Within 8-Miles of the Property
  • Strong Fundamental Real Estate With Multiple Points of Access and Attractive Curb Appeal
  • Full Walgreens Conversion of a Former Rite Aid Store, Showing Corporate Commitment to the Location
  • Full-Service Location With Drive-Thru; The Store Also Offers Curbside Pickup and Delivery
  • Established Location – The Property Has Been a Drug Store For More Than 23 Years
  • Solid Store Performance and Relatively Low Operating Costs Yield a Current Occupancy Cost of ~5% Which Improves the Likelihood of Renewal
  • Noyes Memorial Hospital, a 67-Bed General Medical and Surgery Facility and Genesee Community College, Provides Population Anchors Within the Trade Area

In Cooperation With SIG RE Services NY LLC Lic. # 10991233211 BoR: Andrew Ackerman – Lic. # 10491210161

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Walgreens Absolute NNN

Walgreens | Hyden, KY


Sands Investment Group is Pleased to Present Exclusively For Sale the 11,180 SF Walgreens Absolute NNN Lease Investment Opportunity Located at 21287 Highway 421 in Hyden, Kentucky.  Over 6 Years Remain on an Absolute Triple Net Lease With Attractive 10% Increases in the Option Period.  This Opportunity Provides For a High-Quality Investment With Established Rent Increases in a Market With Zero National Drugstore Competition Within a 20-Mile Radius.

  • Absolute Triple Net (NNN) Lease – Allowing For a True Passive Investment and Zero Landlord Responsibilities
  • 10% Rent Increases – Multiple 5 Year Options to Extend With Fixed Increases of 10%, Providing Landlord Leverage Upon Renewal
  • Investment Grade Tenant – (S&P: BBB) With Corporate Guarantee
  • Full Walgreens Conversion – The Tenant Has Shown Strong Commitment to the Site By Recently Completing a Full Conversion From Rite Aid in 2020
  • COVID-19 Vaccine Location – The Walgreens is One of the Only Providers of the Vaccine in the Surrounding Area, Creating Another Strong Traffic Driver
  • Zero National Drugstore Competition – Very Wide Radius With the Next Closest National Drugstore Over 20-Miles to the Northeast, Over 30-Miles to the West, Over 35-Miles to the South and 41-Miles to the Southeast
  • Strong Location – The Property is Located on the Main Throughfare Through Hyden, KY, Drawing on Customers From Up to 25-Miles Away
  • Over 10,418 People Live Within a 10-Mile Radius Making an Average Household Income of $40,634
  • Surrounding Tenants Include: Family Dollar, Dollar General, Subway, Advance Auto Parts, Dairy Queen, Save A Lot, Walmart Supercenter, Lowe’s, Goodwill, Starbucks, Taco Bell and More
In Cooperation With: Sands Investment Group Kentucky, LLC
Lic. # 251681 BoR: Kaveh Ebrahimi – KY Lic. # 251680

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Walgreens Lease

Walgreens | Dover, DE


Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,000 SF Walgreens Lease Investment Opportunity (NASDAQ: WBA) Located at 1215 S State Street in Dover, Delaware. This Investment Provides an Investor With a High Yield, Value-Add, Opportunity to Purchase a Short-Term Drug Store Lease With an Investment Grade Credit (S&P: BBB) and Corporate Guarantee. The Property is Located in Dover, Which is the Capital City of Delaware. This Investment is Surrounded By a Diverse Mix of Economic Drivers Such as the Bayhealth Medical Center, Kent County Courthouse, Dover International Speedway and the Dover International Airforce Base.

  • Investment Grade Tenant (S&P: BBB) With Corporate Guarantee (Walgreen Co.)
  • Multiple 5-Year Options to Extend With Fixed Increases Providing Landlord Leverage on Renewal
  • Excellent Retail Location on a Major Commuter Artery – Daily Traffic Count of Approximately 15,193 VPD
  • Strong Performing Location With an Average of 300 Scripts Filled Per Day
  • Selected By Walgreens as a Drive-Thru COVID Testing Location
  • Hard Corner Location – Signalized Intersection With Multiple Points of Access and Excellent Visibility
  • Walgreen Co., a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA), Reported Total Revenues in Excess of $136 Billion in the 2019 Fiscal Year
  • Solid Demographic Profile in Delaware’s Capital City – More Than 82,000 Residents Live Within a 5-Mile Radius Making an Average Household Income of $71,000
  • Surrounded By a Diverse Mix of Economic Drivers Including: the BayHealth Medical Center, Kent County Courthouse, Dover International Speedway and the Dover International Airforce Base
  • Proven Drug Store Location – Walgreens Purchased the Store From Happy Harry’s in 2006 and Has Operated at This Location For the Past 15 Years
In Cooperation With Brittany Danahy | DSM Commercial
DE Lic. # RB-0020210 | 302.227.0768 | bdanahy@dsmre.com

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Walgreens Triple Net

Walgreens | Potsdam, NY


Sands Investment Group is Pleased to Exclusively Offer For Sale the 14,550 SF Walgreens Triple Net Lease Investment Opportunity Located at 173 Market Street in Potsdam, New York. This Investment Provides an Investor the Opportunity to Purchase an Investment Grade (S&P: BBB) Essential Business, With a Corporate Guarantee and Nearly 11 Years Remaining on a Triple Net (NNN) Lease.

  • Investment Grade Tenant (S&P: BBB) With a Corporate Guarantee (Walgreen Co.)
  • Nearly 11 Years Remaining on a Triple Net (NNN) Lease
  • Walgreen Co. is a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA) and it Reported Total Revenues in Excess of $136 Billion in the 2019 Fiscal Year
  • Limited Competition in the Trade Area; Walmart and Kinney Drugs Are the Only National/Regional Drug Store Operators in the Area
  • Signalized Access With Excellent Visibility on Market Street Which Sees Over 16,800 VPD
  • Above Average Household Income With Residents Making Over $72,800 Within a 5-Mile Radius
  • Located Right By the Canton-Potsdam Hospital (94 Beds) and the Helen Snell Medical Campus
  • This Walgreens is the Only One in Potsdam; The Next Closest Walgreens is About 12-Miles Away in Canton, NY
  • Situated Near Academic/Population Anchors Such as SUNY Potsdam and Clarkson University
  • Nearby Tenants Include: Lowe’s, Arby’s, Burger King, Price Chopper, Harbor Freight, UPS Store, McDonald’s, Big Lots, Taco Bell and More
In Cooperation With SIG RE Services NY LLC
Lic. # 10991233211 BoR: Andrew Ackerman – Lic. # 10491210161

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Walgreens Drugstore NNN Lease

Walgreens | Havelock, NC


Sands Investment Group is Pleased to Exclusively Offer For Sale the 13,813 SF Walgreens Drugstore NNN Lease Located at 101 W Main Street in Havelock, North Carolina. This Investment Provides an Investor the Opportunity to Purchase an Investment Grade (S&P: BBB) Essential Business, With a Corporate Guarantee and More Than 7 Years of Lease Term Remaining on a Triple Net (NNN) Lease. The Property is Situated Immediately Next to the Marine Corps Air Station Cherry Point Base Which Supports More Than 53,000 Active Duty and Retired Marines, the Civilian Workforce and Their Families.

  • Over 7 Years Remaining on a Triple Net (NNN) Lease
  • Multiple 5-Year Options to Extend With Fixed Increases of 10%, Providing Landlord Leverage on Renewal
  • Current Annual Rent of $16.89 PSF is Replaceable and Below the Chainwide Average – Improving the Likelihood of Renewal
  • Institutional Quality Construction Highlighted By a Brick Façade and Drive-Thru
  • Investment Grade Tenant (S&P: BBB) With Corporate Guarantee (Walgreen Co.)
  • Walgreen Co. a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA) Reported Total Revenues in Excess of $136 Billion in the 2019 Fiscal Year
  • Full Conversion of a Former Rite Aid Store, Showing Walgreens Commitment to the Location
  • Located Next to the Marine Corps Air Station Cherry Point Base Which Supports 53,000 Active Duty and Retired Marines, the Civilian Workforce and Their Families
  • Limited Drug Store Competition in the Trade Area; There Are Only Two Other Drug Stores (CVS Pharmacy and Walmart) Within 5-Miles of the Property
  • Excellent Retail Location on Route 70 Which Sees Over 30,224 Vehicles Per Day
  • Strong Fundamental Real Estate With Multiple Points of Access and Attractive Curb Appeal
  • Solid Demographic Profile – There Are More Than 21,766 Residents Making an Average Household Income of $57,383 Within a 5-Mile Radius
  • Nearby Tenants Include: Burger King, McDonald’s, Family Dollar, AutoZone, Dairy Queen, Verizon, Taco Bell, Waffle House, Food Lion, Dollar General and More

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

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dollar tree sublease

Dollar Tree | Charlotte, NC


Sands Investment Group is Pleased to Exclusively Offer For Sale the Walgreens / Dollar Tree Sublease Located at 5811 Prosperity Church Road in Charlotte, North Carolina.

  • Absolute Triple Net (NNN) Walgreens Lease With Zero Landlord Responsibilities
  • Tenant and Subtenant Remained Open During COVID and Did Not Miss Any Rent Payments
  • 15,236 SF Building Situated on 1.45 Acres With Over 54 Parking Spaces on Site, a Drive-Thru and Potential Opportunity For a Kiosk
  • Strategically Located With a Population of Over 136,169 Residents Making an Average Household Income of $94,023 Within a 5-Mile Radius of the Property
  • Located Directly Across the Street From the Pointe at Prosperity Village, a Newly Constructed (2017) 292-Unit Class A Apartment Community
  • Located at a Signalized Intersection With Ridge Rd and Less Than ¼-Mile From I-485, Which Sees Over 123,800 VPD Providing Great Exposure
  • Convenient Location – Only 20 Minutes From Uptown Charlotte
  • Part of the Thriving Charlotte MSA, Which is Home to Over 3,000,000 Residents
  • High Growth Submarket – Projected Annual Growth of 2.5% Through 2025 Within a 5-Mile Radius
  • Positioned Within a Strong Retail Corridor With Nearby Tenants Including: Publix, ALDI, Harris Teeter, Chick-fil-A, Bojangles’, Pep Boys and More

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

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Walgreens NNN Lease

Walgreens | Memphis, TN


Sands Investment Group is Pleased to Exclusively Offer the Walgreens NNN Lease Investment Opportunity Located at 2655 Frayser Boulevard in Memphis, Tennessee.

  • Long Term 15 Year Triple Net (NNN) Lease Investment Opportunity With Zero Landlord Responsibilities
  • Corporate Guaranty – Walgreen Co. (S&P: BBB), a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA), Operates 9,175 Stores Across 50 States and Reported Total Revenues in Excess of $136 Billion in the 2019 Fiscal Year
  • Strategically Positioned on a Signalized Corner With Dual Access Off Frayser Blvd and Range Line Rd With a Combined Traffic Count of Over 27,885 VPD
  • Strong Demographics With a Population of 55,164 Residents Within a 3-Mile Radius of the Property
  • Population Jumps to Over 142,957 Residents Within a 5-Mile Radius of the Property
  • Adjacent to the Kroger Anchored Frayser Village Shopping Center
  • Within 2-Miles of the Trezevant High School, Lucie E Campbell Elementary School and the Grandview Heights Middle School
  • 5 Minutes From the Nike North America Logistics Center Which is Nike’s Largest Distribution Center in the U.S. Employing Over 900 People Full-Time
  • Memphis is Home to Two of the Southwest Tennessee Community College Campuses and Serves Over 9,000 Students
  • Greater Memphis is the 42nd Largest Metropolitan Area in the U.S. With a Population Over 1,348,260 Residents and it is the 2nd Most Populous City in Tennessee
  • Nearby Tenants Include: Dollar General, Regions Bank, McDonald’s, Pizza Hut, Wendy’s, Advance Auto Parts, Taco Bell, Title Max and More

In Cooperation With Sands Investment Group Tennessee, LLC
BoR: Kaveh Ebrahimi – Lic. #263973

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Walgreens Net Lease Property

Walgreens | Bolingbrook, IL


We are Pleased to Offer For Sale the Walgreens Net Lease Property Located at 1295 Lily Cache Lane in Bolingbrook, Illinois.

  • Industry Leading Tenant – Long Term Security and Stability For the Investor
  • Strong Corporate Guarantee From Walgreens Co (NYSE: WAG), S&P Investment Grade Credit Rating of “BBB”
  • Long Term Operating History at Location – Recently Extend Lease Showing Commitment to The Site
  • Bolingbrook is an Affluent Suburb of Chicago – Over 199,000 Residents With an Average Household Income of $121,601 Within a 5-Mile Radius
  • Located on a High Visibility, Signalized Corner, Centered in the Main Retail Corridor With a Combined Traffic Count of Over 37,621 VPD Along Lily Cache Ln and S Weber Rd
  • Main Artery Between Bolingbrook’s Largest Employers, Dense Subdivisions and Multiple Large Shopping Centers
  • Amazon Has Currently Spent Over $50M to Establish One of Their Largest Fulfillment Centers in the Midwest 1-Mile Away From This Location
  • Located 1-Mile From Bolingbrook’s Top Primary Elementary, Middle and High Schools
  • 1-Mile From Bolingbrook’s Largest Employers Including: Ulta Beauty Headquarters, Amazon, Weather Tech, Valspar, McDonald’s Innovation Center, Walgreens Distribution Center and Vision Inc
  • Neighboring Tenants Include: Lou Malnati’s Pizza, Chipotle, Starbucks, Chase, Chick-fil-A, Olive Garden, Lowes, Home Depot and More
Jennifer D. Stein – JDS Real Estate Services, Inc.
IL Lic. #471.018303 & CA Lic. #01507135
213.446.5366 | jstein@jdsreservices.com

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Walgreens | Hilltop, MN


We Are Pleased to Offer the Walgreens Absolute NNN Lease Investment Opportunity Located at 4880 Central Avenue NE in Hilltop, Minnesota.

  • Investment-Grade Tenant, Absolute Triple Net (NNN) Lease Opportunity With Zero Landlord Responsibilities
  • Industry-Leading Tenant (NYSE: WAG)
  • Strong Corporate Guarantee in Place With Long Term Operating History at Location – Long Term Security and Stability For the Investor
  • Walgreens Dominates the Minneapolis Market and Has Minimal Competition From CVS Along With Zero Rite Aids in Minneapolis
  • Dense Urban Infill Location – Over 285,484 Residents With an Average Household Income of $81,205 Within a 5-Mile Radius of the Property
  • Dominant Retail Destination in North Minneapolis MSA
  • MedExpress Location – WAG Selected Some of Their Top Stores to Include MedExpress Urgent Care Within the Store as Part of a New Concept
  • Dense Market Area With Strong Daytime Employment of Over 163,500 Employees Within a 5-Mile Radius
  • Main Artery From Northern Minneapolis Into Downtown
  • Neighboring Tenants Include: ALDI, Jimmy John’s, Savers, Subway, Planet Fitness, Taco Bell, Sonic, Chipotle and More

Jennifer D. Stein – JDS Real Estate Services, Inc.
MN Lic. # 40407966 & CA Lic. #01507135

213.446.5366 | jstein@jdsreservices.com

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Walgreens | Hueytown, AL


Sands Investment Group is pleased to present this Walgreens Absolute NNN Lease located in Hueytown, Alabama.

  • Long Term Absolute NNN Lease – Zero Landlord Responsibilities
  • Additional Income Through Percentage Rent (Please see Rent Roll)
  • Outstanding Location Along Allison-Bonnett Memorial Drive and Brooklane Drive – Over 34,000 VPD Combined
  • Directly Across the Street from Publix Super Market (Corporate Location)
  • Hard Signalized Corner
  • Strong Demographics – Population of Over 78,000 Within 5-Miles
  • Less Than Ten Miles from Downtown Birmingham
  • Select Nearby Tenants Include: Publix Super Market, Piggly Wiggly, ALDI, Baptist Health Center, Burger King, Pizza Hut, Taco Bell, Sonic, Arby’s, McDonald’s and Super Walmart

In Cooperation with BoR: Andrew Ackerman – Lic. #C0001099750

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Walgreens | Durham, NC

 

  • 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 102,755 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

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Walgreens | Conover, NC

 

  • 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

Walgreens | Gaffney, SC

 

  • Absolute Triple Net (NNN) Single Tenant Lease With No Landlord Responsibilities
  • Rite Aid Store that Has Been Officially Acquired by Walgreens
  • ~6 Years Remaining on the Lease
  • Corporate Guarantee
  • 4 x 5 Year Options After Initial Term
  • Located on the Main Retail Corridor of Gaffney, Within 1-Mile of Interstate 85
  • Located on a Hard, Signalized Corner, Which Has Average Daily Traffic Counts of Over 23,000
  • Highly Visible and Uniquely Offers a Drive-Thru With an Additional Drop-Off Window
  • Strong Demographics With a Growing Population
  • Surrounding Tenants Include Pizza Hut, Dunkin’ Donuts, Advance Auto Parts, KFC, Walmart, Dominos Pizza, Cookout and Lowe’s Home Improvement

In Cooperation with Sands Investment Group Charleston, LLC – Lic# 20891

Walgreens

 

  • Walgreens Has Been Operating at this Location for Over 10 Years With a Proven Track Record in this Market Corporate
  • Long Term Lease (S&P ‘BBB’ Investment Grade Credit) With 15 Years Remaining on Initial 25 Year Lease and Ten (10) – Five (5) Year Options to Extend
  • Walgreens Consists of an Absolute NNN Lease, Making This an Ideal and Passive “Coupon Clipper” Property for Out-of-State Investors
  • Free Standing Asset on Large 4.83 Acre Parcel of Land Allowing for Future Redevelopment Opportunities
  • Walgreens Greatly Benefits From the Dominant SW Corner Location on the Intersection of Mathistown Road and Center Street
  • Strategically Located 27 Miles North of Atlantic City and 103 Miles South of New York City, Little Egg Harbor Township Serves as a Destination Point For Travelers Between the Two

In Cooperation with JDS Real Estate Services, Inc. Broker of Record: Greg Balderacchi Lic# 1434816

Walgreens

 

  • 100% Leased to Walgreens, One of the Top Two Most Nationally Recognized Drugstore Providers
  • Walgreens Just Signed a Brand New Ten Year Lease Extension to the Original Lease Term Showing its Long Term Commitment to this Location
  • Walgreens has Been Operating at this Location Since 1997 on an Initial Twenty Year Term with 8 – 5 Year Options Following
  • Lease is NNN with Landlord Responsible for Roof and Structural Repairs, with Tenant Responsible for All Property Tax, Insurance and CAM
  • In-Place Annual Rent of $213,080 is Below the National Average for Walgreens Greatly Reducing any Risk of a Tenant Site Relocation in the Future
  • Dominate Corner Location on South Military Trail and Woolbright Road, One of the Major East / West Arterials in Boynton Beach
  • In Cooperation with Andrew Ackerman FL License #BK3369953