Lowest Cap Rate
4.00%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.79%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.78%
Average Cap Rate over previous quarter
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
Sales Price Range$3,000,000 - $8,000,000
NOI Range$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'sBa2
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
6.30
5.90
6.26
5.84
5.69
5.48
*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
New Orleans, LA9.17%
Hot Springs National Park, AR10.11%
Richmond, VA6.77%
Top Consumer Traffic
Las Vegas, NV1,800,000
Brooklyn, NY1,300,000
Miami, FL981,400
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
