Walgreens | Absolute Net Lease with 8+ Years Remaining
NO LANDLORD RESPONSIBILITIES | PRIME HIGHWAY ACCESS & STRONG VISIBILITY
Investment highlights
ABSOLUTE NET LEASE - NO LANDLORD RESPONSIBILITIES
The tenant operates under an absolute NNN lease, resulting in no landlord responsibilities. Walgreens is
responsible for property taxes, insurance, repairs, maintenance, and full roof replacement, providing passive,
predictable income for ownership.
8+ YEARS REMAINING ON INITIAL 25 YEAR LEASE
Walgreens executed a 25-year corporate lease which commenced on 6/1/2008 and has 8+ years remaining
with fifty 1-Year option periods
GLOBAL LEADER IN HEALTHCARE PHARMACY AND RETAIL
Walgreens is a leading integrated healthcare, pharmacy, and retail operator serving millions of customers
across more than 12,500 locations, generating approximately $1.47 billion in revenue in 2024 and projected
for year-over-year revenue growth in 2025.
PRIME HIGHWAY ACCESS & STRONG VISIBILITY
The property benefits from proximity to I-87, exposing it to 44,000+ AADT, while also fronting Broad Street
with visibility to an additional 16,000+ AADT - ensuring consistent daily traffic and exposure.
STRATEGIC LOCATION AMONG LEADING NATIONAL & REGIONAL BRANDS
The site benefits from strong surrounding demand drivers, including a 2021-built 72-unit apartment community
and a cluster of national and regional retailers. Nearby anchors include Hannaford Supermarket - ranked in
the top 20% of all locations statewide (Placer.ai) - along with WellNow Urgent Care, Anytime Fitness, CVS,
Verizon, and additional daily-needs tenants that enhance visibility, traffic, and long-term stability.
PROXIMITY TO 391 BED GLENS FALLS HOSPITAL
Situated Within Close Proximity to Glens Falls Hospital , a 391-Bed Community Hospital That Operates more
than 10 Off-Campus Health Care Facilities Throughout the Region.
DENSE & AFFLUENT DEMOGRAPHICS
Within a 5-mile radius, the area is home to more than 72,000 residents with average household incomes
exceeding $97,000. The market further benefits from low unemployment (2.98% within 5 miles), crime rates
and high educational attainment.
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