WALGREENS | $3,629,629 | 6.75% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Walgreens a single-tenant property located at 1401 Maryland Avenue East, Minneapolis (St. Paul), Minnesota 55106.
The subject property is comprised of 13,500 square feet and was built in 1996. The building sits on a large 1.60 Acre lot located just off Maryland Avenue East which oversees 14,500± Vehicles Per Day. Walgreens has 4.5-years remaining with eight, 5-year options to extend the term.
Walgreens Boots Alliance (Nasdaq: WBA) is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, and through its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of trusted healthcare heritage and innovation in community pharmacy and pharmaceutical wholesaling.
WBA has one of the largest global pharmaceutical wholesale and distribution networks, with more than 425 distribution centers delivering to more than 250,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries. WBA is one of the world’s largest purchasers of prescription drugs and many other health and well-being products. The company’s size, scale and expertise help position them to expand the supply of, and address the rising cost of, rescription drugs in the U.S. and worldwide.
The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Botanics, Sleek MakeUP and YourGoodSkin.
Aside from selling other brands, Walgreens has a number of their own branded products which help to boost their sales and differentiate them from competitors. They offer a wide range of products, from medication to groceries, to pet products.