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Drug Store

Walgreens

50 Main St, White Plains, NY 10606

Listing Price: $104,993,847

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
68.8
Guarantor
Corporate Guarantee
Rentable SF
139,478
Lease Type
Absolute Net
Rent Per Square Feet
$45.17

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the 9-unit Net Leased Walgreens portfolio throughout Puerto Rico. The portfolio consists of 9 Absolute Triple-Net properties with corporate Walgreens guarantees. The portfolio consists of 139,478 square feet of building space. All 9 properties are under absolute triple-net leases with zero landlord responsibilities. The lease term on this 9-Unit Walgreens portfolio ranges from 1.5 years remaining to 19.8 years remaining with eight out of nine properties having over 13 years remaining. The average lease term of the portfolio is 15.38 years. The properties are spread throughout the island of Puerto Rico and are strategically located in highly trafficked commercial corridors. These stores serve as the primary drug stores in their respective markets, which is demonstrated by the significantly higher than average unit level performance.

Investment Highlights

  • Portfolio Sale of 9-Unit Walgreens
  • Absolute-Triple Net Leases - Zero Landlord Responsibility
  • Average Lease Term Remaining: 15.38 Years
  • Walgreens Corporate Guarantee
  • High Performing Stores

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, MA: 138295, CT: REB.0239741, NJ: 9210310

    Westchester

  • Bradford Thomas

    Licensed Real Estate Salesperson

    (914) 220-9755

    Email Bradford

    License(s): NY: 10401322851

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

  • Russell Wachtler

    Licensed Real Estate Salesperson

    (212) 430-5132

    Email Russell

    License(s): NY: 40WA0949376

    Manhattan

Financing By

Listing Price: $104,993,847

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
68.8
Guarantor
Corporate Guarantee
Rentable SF
139,478
Lease Type
Absolute Net
Rent Per Square Feet
$45.17

Investment Highlights

  • Portfolio Sale of 9-Unit Walgreens
  • Absolute-Triple Net Leases - Zero Landlord Responsibility
  • Average Lease Term Remaining: 15.38 Years
  • Walgreens Corporate Guarantee
  • High Performing Stores

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the 9-unit Net Leased Walgreens portfolio throughout Puerto Rico. The portfolio consists of 9 Absolute Triple-Net properties with corporate Walgreens guarantees. The portfolio consists of 139,478 square feet of building space. All 9 properties are under absolute triple-net leases with zero landlord responsibilities. The lease term on this 9-Unit Walgreens portfolio ranges from 1.5 years remaining to 19.8 years remaining with eight out of nine properties having over 13 years remaining. The average lease term of the portfolio is 15.38 years. The properties are spread throughout the island of Puerto Rico and are strategically located in highly trafficked commercial corridors. These stores serve as the primary drug stores in their respective markets, which is demonstrated by the significantly higher than average unit level performance.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, MA: 138295, CT: REB.0239741, NJ: 9210310

    Westchester

  • Bradford Thomas

    Licensed Real Estate Salesperson

    (914) 220-9755

    Email Bradford

    License(s): NY: 10401322851

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

  • Russell Wachtler

    Licensed Real Estate Salesperson

    (212) 430-5132

    Email Russell

    License(s): NY: 40WA0949376

    Manhattan

Financing By

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