861 Bo Pajaros Pr - Drug Store FOR SALE


Bayamón, BAY 00956
$10,200,000 USD
847-562-0003
861 Bo Pajaros Pr, Bayamón, BAY for Sale
$10,200,000 USD
Drug Store - FOR SALE
1/2
null | 7% Cap Rate

861 Bo Pajaros Pr
Bayamón, BAY 00956


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,200,000 USD

PRICE/SF

$651 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,646 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.