Interested in selling your Walgreens NNN property or Walgreens ground lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Walgreens NNN property for sale or Walgreens ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Walgreens NNN property or the inclusion of a Walgreens ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Walgreens properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of January 2023, Walgreens has over 9,300 stores in 50 states and the District of Columbia. Of these, over 8,200 are located in the United States.
Revenue and income
In 2022, Walgreens total revenue was $139.5 billion. Net income was $4.1 billion.
Future plans
Walgreens plans to continue expanding its global footprint. In 2023, the company plans to open over 1,500 new stores worldwide. Walgreens also invests in new technologies, such as digital healthcare solutions and enhanced online services.
Corporate vs. franchise
About 80% of Walgreens stores are corporate-owned, while the remaining 20% are franchise locations. Franchisees typically enter into licensing agreements with Walgreens, including adherence to brand standards and operational guidelines.
Additional information Walgreens Properties
1. In Walgreens was founded Chicago, Illinois.
2. The company is a leading pharmacy chain and retail giant in the healthcare industry.
3. Walgreens operates in multiple countries, providing pharmaceutical services and health products.
4. Popular products at Walgreens include prescription medications, over-the-counter drugs, beauty and personal care items.
5. Walgreens is subsidiary of Walgreens Boots Alliance, Inc., a global pharmacy-led health and well-being enterprise.
Walgreens History
Walgreens has a rich history dating back to 1901 when Charles R. Walgreen Sr. purchased the Chicago-based drugstore where he had worked as a pharmacist. Over the years, Walgreens expanded its footprint, becoming a prominent player in retail pharmacy industry. The company introduced innovations like the malted milkshake and the Walgreens Prescription Center, solidifying its reputation for quality and convenience. In 1984, Walgreens became the first drugstore chain to use satellite communication, revolutionizing prescription filling. Today, Walgreens continues to evolve, offering a wide range of healthcare services, retail products, and pharmacy solutions across the United States and internationally.
Why Invest in Ground Lease and NNN Lease of Walgreens?
Investing in Walgreens ground lease and triple net (NNN) lease properties offer compelling reasons:
1) Walgreens NNN Property Investment: Stable income
With a well-established brand and a strong presence in the healthcare and retail sectors, Walgreens provides reliable income streams. Ground and NNN leases offer predictable cash flows over the long term.
2) Walgreens NNN Property Investment: Established tenant
Walgreens success and widespread recognition in the pharmacy industry reduce the risk of vacancy or lease default, ensuring a stable tenant for the property.
3) Walgreens NNN Property Investment: Low management responsibility
In-ground and NNN leases, the tenant manages property maintenance and expenses, minimizing the landlord’s management obligations.
4) Walgreens NNN Property Investment: Favorable lease terms
Long lease terms with built-in rent escalations provide predictable income and potential rental growth.
5) Walgreens NNN Property Investment: Real estate value
Walgreens strategic locations in high-traffic areas can increase property value, offering potential capital appreciation.
Pros and Cons of Walgreens Ground Lease and NNN Lease Investment
Pros:
1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.
Cons:
1. Lease renewal risk when the term expires.
2. Dependency on Walgreens success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.
Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.