3 Locations For Sale

Marcus & Millichap is pleased to present a rare portfolio opportunity featuring three premium Walgreens locations across Minnesota, Texas, and New York. This offering represents a strategic investment in one of America's most iconic retail pharmacy brands, with properties located in high-quality suburban markets.

The portfolio includes locations in White Bear Lake, Minnesota (#2769), Houston, Texas (#7289), and Cicero, New York (#10750), totaling approximately 43,250 square feet across 5.1 acres. Each property features Absolute NNN lease structures with long-term tenant commitments and multiple renewal options.

Walgreens is an American icon in retail pharmacy. Founded in 1901, Walgreens operates more than 8700 retail pharmacies across all 50 U.S. states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The recent acquisition and privatization by Sycamore Partners represents a strategic "return to basics" for Walgreens, effectively decoupling the company from other initiatives and ventures that hampered financial performance for the past decade. This renewed emphasis on "Core Pharmacy Excellence" prioritizes prescription fulfillment and neighborhood retail that leverages its best in class "Main & Main" real estate locations. Approximately 78% of the population in the United States lives within 5 miles of a Walgreens Drug Store.