Property For Sale Listing 169126
Walgreens
Status as of Aug-30-2008 at 01:21 AM: Active
Property Summary
This single tenant net leased Walgreens is in the City of Lakewood, Ohio. The tenant is Walgreens Co. (NYSE, NASDAQ: WAG), one of the fastest growing retailers in the United States and a leader in the chain drugstore industry in sales and profits. The property is NNN leased to Walgreens for 75 years with no management responsibilities. The building is approximately 14,000 square feet with a land area of approximately .85 acres.
Walgreens operates nearly 6,000 stores in 48 states and Puerto Rico, and has three mail order facilities. Prescription drugs account for more than 65% of sales; the rest comes from general merchandise, over-the-counter medications, cosmetics, and groceries. More than two-thirds of its stores offer drive-through pharmacies, and almost all offer one-our photo processing. With more prescription drug business going to managed-care health plans, convenience has trumped price in the race to attract new customers and Walgreens has lead the way and expects continued success in the market.
Categories
Location
| Classification: |
United States // Midwest States // Ohio // Cleveland |
Price
| Price Classification: |
Between $5 Million and $7.5 Million |
| Asking Price: |
$6,875,000 |
Property Type
| Classification: |
Retail-Commercial Properties |
| Type: |
Single Tenant Drug Store |
