Walgreens
Lowest Cap Rate
3.46%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.11%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Overview
Walgreens is one of the leaders in the drugstore industry, with over 9,000 locations in all 50 states. Walgreens offers long lease terms of 25 years with options to last up to 75 years, but often without rental escalations. Their average lot size is from 1.5-2 acres and the average building size is 13,000 - 15,000 square feet. On average, each Walgreens location will bring in around $8.5 million in sales.
Property & Lease
Average Sale Price$3,000,000 - $8,000,000
Average NOI$175,000 - $450,000
Building SF13,000 - 15,000
Lease Term25 Years
EscalationsFlat Initial Term and Options
Stock SymbolNASDAQ:WBA
Credit Rating
S&PBBB
Moody'sBaa2
Cap Rate By Region
6.41
5.82
6.07
5.67
5.57
5.37
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Fayetteville, NC6.22%
Peoria, AZ6.00%
Asheboro, NC6.80%
Top Consumer Traffic
Jamaica, NY519,900
Brooklyn, NY517,400
Cookeville, TN515,800
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data