Walgreens: Orlando, FL

RARE WALGREENS LEASE WITH RENT INCREASES
The Lease provides 5% fixed rent increases every 5-years during the primary term and then 12, 5-year option periods.

NEW 15-YEAR ABSOLUTE NNN LEASE
The subject property operates under a new Absolute NNN Lease with no Landlord management or maintenance responsibilities whatsoever.

INVESTMENT GRADE TENANT
The Lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc. and rated Baa2/Stable by Moody’s.

WELL-ESTABLISHED LOCATION WITH DRIVE-THRU
The subject property benefits from a drive-through pick-up window to deliver prescription and non-prescription drugs along with many other essential retail items during the COVID-19 pandemic. Walgreens has a 12-year operational history at this location and the new 15-year absolute NNN lease (with increases) reflects their re-commitment to this location for the foreseeable future.

ESSENTIAL RETAILER OPERATING AND ASSISTING U.S. AUTHORITIES DURING THE COVID-19 PANDEMIC(2)
As a global, pharmacy-led health care company, Walgreens Boots Alliance has been working to ensure the safety and well-being of their colleagues, patients and customers during the pandemic of COVID-19. Their retail pharmacies have worked to provide up-todate information and public health guidelines to customers, and their emergency response teams across the business are actively working to find ways play a greater role in what has become a global emergency – including working with the United States federal government to expand access to COVID-19 testing.

EXCEPTIONALLY HIGH TRAFFIC COUNTS, SURROUNDED BY NATIONAL RETAILERS
The subject property is situated a main 4-way signalized corner, with excellent visibility and access. There are exceptionally high traffic counts of 53,980 VPD along University Boulevard and 20,800 VPD along Dean Road. National retailers in the immediate surrounding area include 7-Eleven, Shell, Circle K, Advance Auto Parts, Subway, The UPS Store, Publix Super Market, Domino’s Pizza, Taco Bell, Pizza Hut, Fairfield Inn & Suites by Marriott, Chick-fil-A, Courtyard by Marriott, Hampton Inn & Suites, DoubleTree by Hilton, Wendy’s, Extra Space Storage, IHOP and many more.

(1) Rentable Area, Lot Size, Guarantor, Lease Terms, Building Specifications, Year Built, Demographics and S&P/Moody’s Ratings are estimates. Buyer is responsible for verifying during the Due Diligence process.
(2) All financial data shown above is for Walgreens Boots Alliance, Inc., the Parent Company. The Tenant under the Lease, Walgreen Co., is a subsidiary of Walgreens Boots Alliance, Inc., the parent company. Walgreens Boots Alliance, Inc. does not guarantee the lease. Sources: www.walgreensbootsalliance.com, Moody’s

FL Broker of Record: Ryan Nee
Lic.# BK3154667