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Walgreens Properties For Sale

    



Interested in Purchasing a Walgreens Property for Investment?

 

If you wish to purchase a Walgreens property for investment, please email info@nnndeals.com; We have access to an extensive inventory of triple net Walgreens properties for sale in Washington DC, Maryland, Virginia and the entire United States.

 

 

Walgreen

 

 
Price: 

$3M - $9M


Lease Term
:

20 – 25 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate
CAP Rate Ranges:
5% – 6%
Subsidiary
Industry Retail
Founded 1901; 115 years ago
Chicago,Illinois, United States
Founder Charles Rudolph Walgreen
Headquarters 200 Wilmot Road,Deerfield, Illinois,United States
Number of locations
8,229[1]
Area served
United States
Key people
James A. Skinner(Executive Chairman)
  • Alex Gourlay, President
Products
Parent Walgreens Boots Alliance
Slogan At the Corner of Happy and Healthy
Website walgreens.com

      

 About Walgreens:

 

The  Walgreen Company(Walgreens, or sometimes archaicallyWalgreen  ) is the largest[2] drug retailing chain in the United States. As of May 31, 2014, the company operated 8,217 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of  Deerfield, Illinois. 

In 2014, the company agreed to purchase the remaining 55% of Switzerland-based Alliance Boots that it did not already own to form a global business. Under the terms of the purchase, the two companies merged to form a new holding company,Walgreens Boots Alliance Inc., on December 31, 2014. Walgreens became a subsidiary of the new company, which retains its Deerfield headquarters and trades on the Nasdaq under the symbol WBA . [3]

Walgreens began in 1901, with a drug store on the corner of Bowen Ave and Cottage Grove in Chicago, owned by Galesburg native  Charles R. Walgreen, Sr.[6] By 1913, Walgreens had grown to four stores on Chicago's South Side. It opened its fifth in 1915, and four more in 1916. By 1919, there were 20 stores in the chain. As a result of alcohol prohibition, the 1920s was a successful time for Walgreens. At the time, alcohol was illegal. However, prescription whiskey was available and sold by Walgreens.[7]

 

In 1922, the company introduced a malted milkshake, which led to it establishing ice cream manufacturing plants. The next year, Walgreen began opening stores away from residential areas. In the mid-1920s, there were 44 stores with annual sales of $1,200,000. Walgreens had expanded into Minnesota, Missouri, and Wisconsin

By 1930, it had 397 stores with annual sales of US $4,000,000. This expansion partly was attributed to selling alcohol, mainly whiskey, which Walgreen often stocked under the counter, as accounted in Daniel Okrent'sLast Call: The Rise and Fall of Prohibition.[8] The stock market crash in October 1929 and the subsequent Great Depression did not greatly affect the company. In 1934, Walgreens was operating in 30 states with 601 stores. 

 

 



Walgreens Properties For Sale Across the United States :

 NNN Properties  For 1031 Exchange 

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