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23396499
23396498

1000 PR 861, Bayamón, Puerto Rico 00956, Bayamón, PR

The Boulder Group
Listed by The Boulder Group
$10,200,000
153 days on market
Updated 12 days ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 15,660
Cap Rate 7%
NOI $714,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 08/31/2040
Remaining Term 14.1
Rent Bumps No
Lease Options Fifty Years
Year Built 2015
Acreage 2.850
Investment Type Net Lease
Lease Commencement 08/17/2015

7.00% Cap Rate | San Juan MSA | NNN

Marketing description

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Bayamón, Puerto Rico, within the San Juan MSA. Walgreens has successfully operated at this location since 2015 with an absolute triple net lease that presents no landlord responsibilities. The subject lease runs through August 2040, leaving over 15 years of term remaining. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 28 for total revenue.

The 15,660-square-foot building is strategically located just minutes from PR-167, a major thoroughfare serving the city of Bayamón, which is home to over 185,000 residents. The property benefits from limited national pharmacy competition in the area, enhancing its long-term viability. It is surrounded by a strong mix of national retailers including The Home Depot, Burlington, PetSmart, Planet Fitness, Marshalls, Sherwin-Williams, and others, contributing to consistent consumer traffic. Additionally, the site is positioned less than 11 miles from downtown San Juan, providing access to the broader metro population.

Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.

Investment highlights

  • Positioned within the San Juan MSA – Ranked #1 in P.R. and #36 in the U.S. for population size

  • Walgreens is ranked #28 on the Fortune 500 list for total revenue (2025)

  • NNN lease – No landlord responsibilities

  • Successful operating history since 2015

  • 15 years remain on the primary lease term

  • Large 2.8-Acre lot

  • Over 185,000 people live within the city of Bayamón

  • Minutes from PR-167, a major thoroughfare for the area

  • Limited national pharmacy competition in the area

  • Nearby retailers include The Home Depot, Burlington, PetSmart, Planet Fitness, Marshalls, Sherwin-Williams, & several others

Listing Contacts

The Boulder Group
Listed by The Boulder Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$714,000.00
$59,500.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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