Walgreens

Walgreens, founded in 1901, is an American drugstore chain headquartered in Deerfield, Illinois. The company operates over 8,800 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 13,200 stores in 11 countries.

Walgreens Boots Alliance retail and business brands include Walgreens, Duane Reade, Boots, and Alliance Healthcare. Together, they form one of the largest drugstore chains in the U.S. Their segment operates over 8,880 drugstores in 50 states. Walgreens are a staple in the net lease investment market given the low risk associated with drugstore properties, their premiere visibility on cornered real estate, and their investment grade credit rating.

In the 2021 fiscal year, Walgreens generated a revenue of $132.509B, an 8.63% increase from 2020, ranking as the number 1 pharmacy retailer in the United States. The company’s stellar financial performance, in combination with strong brand loyalty from customers, has led the company to boast an impressive BBB credit rating from Standard & Poor’s.