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Drug Store

National Drugstore Portfolio | Walgreens | Feasterville-Trevose, PA

2 E Street Rd, Feasterville-Trevose, PA 19053

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$34.35

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Feasterville is in Bucks County, Pennsylvania, about 22 miles northwest of Philadelphia and 16 miles southeast of Trenton. The estimated population within 5 miles was 231,863 in 2021, according to the United States Census Bureau. Highway connectivity is provided by Interstate 276 and Pennsylvania Route 132. The town features the Bucks Crossing Shopping Center, just down the street from Walgreens, which includes name brand retailers such as Petco, Staples, Five Below, and T.J. Maxx. Feasterville is also served by rail transit via the Trevose Station along the West Trenton Line as part of the Southeastern Pennsylvania Transportation Authority (SEPTA). The region provides businesses with access to the large metropolitan areas in the northeastern United States.

Investment Highlights

  • Across the street from Patient First Urgent Care
  • Nearby retailers and restaurants include Dunkin' Donuts, Panera Bread, Staples, and T.J. Maxx
  • Situated at signalized intersection with strong traffic counts

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Drug Store

National Drugstore Portfolio | Walgreens | Feasterville-Trevose, PA

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$34.35

Investment Highlights

  • Across the street from Patient First Urgent Care
  • Nearby retailers and restaurants include Dunkin' Donuts, Panera Bread, Staples, and T.J. Maxx
  • Situated at signalized intersection with strong traffic counts

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Feasterville is in Bucks County, Pennsylvania, about 22 miles northwest of Philadelphia and 16 miles southeast of Trenton. The estimated population within 5 miles was 231,863 in 2021, according to the United States Census Bureau. Highway connectivity is provided by Interstate 276 and Pennsylvania Route 132. The town features the Bucks Crossing Shopping Center, just down the street from Walgreens, which includes name brand retailers such as Petco, Staples, Five Below, and T.J. Maxx. Feasterville is also served by rail transit via the Trevose Station along the West Trenton Line as part of the Southeastern Pennsylvania Transportation Authority (SEPTA). The region provides businesses with access to the large metropolitan areas in the northeastern United States.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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