Walgreens · Alabama
Walgreens for Sale in Alabama
Investment-grade pharmacy anchor with long-term NNN leases in prime retail corners. Browse Walgreens net lease (NNN) properties for sale in Alabama and connect directly with the seller.
- Active listings
- 1
- Avg cap rate
- 10.00%
- Sector
- Pharmacy
About Walgreens net lease investments
Walgreens is one of the largest pharmacy chains in the United States, operating roughly 8,000+ stores that combine prescription services with front-of-store convenience retail. For net-lease investors, Walgreens is a benchmark credit tenant: stores sit on hard corners in dense trade areas, leases run long, and rent is backed by the corporate parent, Walgreens Boots Alliance.
Typical term: Original terms of 20-25 years, frequently with multiple 5-year renewal options. Many assets trade with 10-15 years of remaining term. Backed by Walgreens Boots Alliance, historically an investment-grade credit. Recent store-optimization programs make remaining term and location fundamentals especially important to underwrite.
Frequently asked questions
- How many Walgreens properties are for sale in Alabama?
- There is currently 1 Walgreens net lease property for sale in Alabama on Top Net Lease.
- What lease structure do Walgreens properties use?
- Predominantly triple net (NNN) with the tenant responsible for taxes, insurance, and maintenance. Older stores may carry limited landlord roof-and-structure obligations, so review the specific lease.
- Are Walgreens net lease properties in Alabama good for a 1031 exchange?
- Walgreens net lease assets are frequently used as 1031 exchange replacement properties in Alabama because they offer original terms of 20-25 years, frequently with multiple 5-year renewal options. many assets trade with 10-15 years of remaining term. and largely passive ownership.