NNN Walgreens Portfolio

Multiple Locations, Northeastern U.S.
  • Agent(s):
    Kyle Hartung
  • Name:
    NNN Walgreens Portfolio
  • Address:
    Multiple Locations, Northeastern U.S.
  • Option:
    For sale
  • Category:
    Investment Sales

Full Offering Memorandum

Details

2646 Darlington Rd, Beaver Falls, PA 

For sale to qualified investors is an opportunity to own a fee-simple (land and building) NNN Walgreens located in Beaver Falls, Pennsylvania.  The lease is absolute triple-net with no landlord obligations, and is corporately guaranteed by Walgreen Co.  The passive nature of this lease combined with the credit-worthy corporate guaranty make this an ideal 1031 replacement property or acquisition for an investor desiring a passive real estate investment.  Walgreens  commenced rent in February of 2008 and has approximately 16 years of guaranteed lease term remaining prior to entering option periods.  The property is located on heavily trafficked Darlington Road in the retail center of Beaver Falls, and is directly across the street from Walmart and Home Depot.  The property is surrounded by other national retailers including Walmart, The Home Depot, Kmart, Giant Eagle, Tractor Supply, Aldi, Dollar Tree, Dollar General, CVS, Applebee’s, McDonald’s, Burger King, Pizza Hut, Sears, Staples, Pet Sense, Shoe Show, Save-a-lot, Fifth Third Bank, Verizon, McDonald’s, Applebee’s, Taco Bell, and others.    

 

402 N Main St, Elmira, NY

For sale to qualified investors is an opportunity to own a fee-simple (land and building) NNN Walgreens located in Elmira, New York.  The lease was signed in 2007 and provides the investor with 75 years of total lease term, with no tenant termination option until 2033.  The lease is 100% triple net and requires Walgreens to perform all maintenance and repair obligations, including the roof and structure, rendering this asset hands-off for the investor.  The property is located in downtown Elmira and is surrounded by households and businesses including the Elmira High School.  Elmira is separated north/south by the Chemung River, and as this Walgreens is located in the southern portion of downtown, it is able to service the entire southern portion of the city. Other nearby area retailers include Tops Markets, Wegman’s, Weiss    Markets, McDonald’s, Burger King, Aldi, Dunkin Donuts, Dollar General, and others.  

 

1 Yorktown Plaza, Elkins Park, PA

For sale to qualified investors is an opportunity to own a fee-simple (land and building) NNN Walgreens located in Elkins Park, Pennsylvania, a suburb of Philadelphia.  The freestanding building is located within a larger retail development wherein buildings are owned as condos. Walgreens maintains their building on a triple-net basis and reimburses 100% of the condo’s common area fee attributable to its parcel excepting only full parking lot replacement.  The lease is corporately guaranteed by Walgreen Co.  Walgreens commenced rent in March of 2005 and has approximately 14 years of guaranteed lease term   remaining prior to entering option periods.  The property is centrally located amongst thousands of nearby homes and businesses, resulting in a heavily-trafficked location.  Other national retailers near the   property include Applebee’s, T-Mobile, Subway, Dunkin Donuts, Wells Fargo, Dollar Tree, Burlington, BB&T, Citizens Bank, UPS Store, LA Fitness, Edible Arrangements, Outback Steakhouse and others.

Location