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Tenant Profiles

Walgreens

B+E > B+E INSIGHTS > Tenant Profiles > Walgreens
05/08/2026 By B+E

Walgreens

walgreens.com | Walgreens Boots Alliance, Inc.

walgreens logo

281
Number on Market

$4.4M
Average Price

8.2
Average Remaining Term (Years)

7.82%
Average Cap Rate

Walgreens Tenant Overview

Walgreens, founded in 1901, is an American drugstore chain headquartered in Deerfield, Illinois. The company operates over 8,500 locations in all 50 states, the District of Columbia, Puerto Rico, and Guam. Walgreens is owned by Walgreens Boots Alliance Inc. This parent company is currently the largest retail pharmacy in the U.S. and Europe, with over 12,500 stores in 11 countries. 

Walgreens has agreed to be acquired by the private equity firm Sycamore Partners in a deal valued at $10 billion, with the total transaction value—factoring in debt—exceeding $23 billion.

walgreens net lease pharmacy tenant overview

Tenant Data:

Company Walgreens Boots Alliance
OwnershipPublic
HeadquartersDeerfield, IL
TickerNASDAQ: WBA
Credit RatingBB (S&P)
Annual Revenue± $147.0B (FY 2024)
Locations (North America)± 8,500
Websitewww.walgreens.com
Average Walgreens Info
Number on Market281
Average Price$4,414,967
Average Remaining Term8.2 Years
Average Cap Rate7.82%
Average NOI$335,749
Average PPSF$325
Average Building SF13,944 SF
Average Lot Size1.69 AC
AS OF 05/05/26

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