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Drug Store

Walgreens | Philadelphia, PA

7001 Frankford Ave, Philadelphia, PA 19135

Listing Price: $6,031,333

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
13,825
Lease Type
Double Net
Rent Per Square Feet
$32.69

Investment Overview

Available individually or as a portfolio, ask about our other midwest Walgreens locations.

WALGREENS
Walgreens, one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance has over 21,000 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 425 distribution centers delivering to more than 250,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries.

PHILADELPIHA
Philadelphia is known for the Liberty Bell and the home of Independence Hall, where the United States Constitution and Declaration of Independence were adopted. The metropol-itan area encompasses 11 counties across Pennsylvania, New Jersey, Delaware and Mary-land. The Delaware River bisects the metropolis from northeast to southwest, and it serves as the border between Pennsylvania and New Jersey. The Schuylkill River passes through the heart of Philadelphia, separating West Philadelphia from Center City. The market con-tains approximately 6.3 million residents. Although the metro has more than 360 munici-palities, few have more than 50,000 citizens. Philadelphia is the largest city, with just over 1.6 million residents.

Investment Highlights

  • Passive net lease structure, minimal landlord obligations
  • Strong, investment grade, national tenant, an industry leader with a fantastic reputation and hundreds of locations nationwide
  • Essential retailer, recession resistant business model
  • Located on a signalized hard corner with strong visibility
  • Eight 5-year renewal options, gives an additional 40 potential years on lease
  • Located in the densely populated metropolis of Philadelphia, PA

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Drug Store

Walgreens | Philadelphia, PA

Listing Price: $6,031,333

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
13,825
Lease Type
Double Net
Rent Per Square Feet
$32.69

Investment Highlights

  • Passive net lease structure, minimal landlord obligations
  • Strong, investment grade, national tenant, an industry leader with a fantastic reputation and hundreds of locations nationwide
  • Essential retailer, recession resistant business model
  • Located on a signalized hard corner with strong visibility
  • Eight 5-year renewal options, gives an additional 40 potential years on lease
  • Located in the densely populated metropolis of Philadelphia, PA

Investment Overview

Available individually or as a portfolio, ask about our other midwest Walgreens locations. WALGREENS Walgreens, one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance has over 21,000 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 425 distribution centers delivering to more than 250,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries. PHILADELPIHA Philadelphia is known for the Liberty Bell and the home of Independence Hall, where the United States Constitution and Declaration of Independence were adopted. The metropol-itan area encompasses 11 counties across Pennsylvania, New Jersey, Delaware and Mary-land. The Delaware River bisects the metropolis from northeast to southwest, and it serves as the border between Pennsylvania and New Jersey. The Schuylkill River passes through the heart of Philadelphia, separating West Philadelphia from Center City. The market con-tains approximately 6.3 million residents. Although the metro has more than 360 munici-palities, few have more than 50,000 citizens. Philadelphia is the largest city, with just over 1.6 million residents.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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