The Glass Group is pleased to bring to the market a portfolio of Walgreens properties located in core markets throughout the country, with 25 locations in Florida alone. The properties are all subject to new 13-year absolute net leases with no landlord management or maintenance responsibilities. The leases offer rare 5% rent increases every five years, providing exceedingly more cash flow than a traditional flat Walgreens lease. All locations offer a drive-through lane and are well-established, with an average operational history of 19 years for the portfolio.
This is the perfect opportunity for net-lease investors and 1031 exchange investors. Contact us with any questions.
- Rare Walgreens Lease with 5% rent increases every 5-years, providing exceedingly more cash flow than a traditional flat Walgreens Lease
- New 13-year Absolute NNN Lease - no landlord management or maintenance responsibilities
- Investment Grade Tenant - Lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc., and rated Baa2/Stable by Moody’s.
- Well-established locations with drive-thru windows to deliver prescription and non-prescription drugs along with many other essential retail items during the COVID-19 pandemic
- Attractive retail locations in Phoenix, Orlando, Tampa, Sacramento, Seattle, and Chicago MSAs
- Locations available individually or as a portfolio