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Tenant Profiles

Walgreens

B+E > B+E INSIGHTS > Tenant Profiles > Walgreens
02/29/2024 By B+E

Walgreens

walgreens.com | Walgreens Boots Alliance, Inc.

walgreens logo

266
Number on Market

$5.5M
Average Price

9.4
Average Remaining Term (Years)

6.39%
Average Cap Rate

Walgreens Tenant Overview

Walgreens, founded in 1901, is an American drugstore chain headquartered in Deerfield, Illinois. The company operates over 8,708 locations in all 50 states, the District of Columbia, Puerto Rico, and Guam. Walgreens is owned by Walgreens Boots Alliance Inc. This parent company is currently the largest retail pharmacy in the U.S. and Europe, with over 13,200 stores in 11 countries. 

Walgreens Boots Alliance retail and business brands include Walgreens, Duane Reade, Boots, and Alliance Healthcare. Together, they form one of the largest drugstore chains in the U.S. Walgreens is a staple in the net lease investment market given the low risk associated with drugstore properties, its premiere visibility on cornered real estate, and its investment grade credit rating. 

walgreens net lease pharmacy tenant overview

Tenant Data:

Company Walgreens Boots Alliance
Ownership Public
Headquarters Deerfield, IL
Ticker NASDAQ: WBA
Credit Rating BBB (S&P)
Annual Revenue ± $132.7B (FY 2022)
Locations (North America) ± 8,708
Website www.walgreens.com
Average Walgreens Info
Number on Market 266
Average Price $5,546,982
Average Remaining Term 9.4 Years
Average Cap Rate 6.39%
Average NOI $342,835
Average PPSF $402
Average Building SF 115,578 SF
Average Lot Size 1.64 AC
AS OF 07/25/2023

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