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 long term 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
- Long Term 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