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
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