The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Franklin, North Carolina. Walgreens has successfully operated at this location since 2013 and extended the lease with a long-term extension in 2023 demonstrating commitment. The lease is absolute triple net featuring no landlord responsibilities. The lease runs through June 2038 leaving over 13 years of term remaining. Additionally, there are eleven 5-year renewal options. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 28 for total revenue.
The 11,308-square-foot building is strategically located at a signalized intersection along US Highway 23 (23,500 VPD). The property also bene?ts from immediate access to US highway 64 (31,000 VPD). Located within the area’s primary retail corridor, it is surrounded by prominent neighboring tenants, including Lowe’s, Harbor Freight, Ingles Market, McDonald’s, Wendy’s, Zaxby’s, and various other businesses. Within a ten-mile radius, the population exceeds 34,000 residents, with an average household income of $75,521.
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.