Walgreens Puerto Rico Portfolio_Property for Sale
Walgreens Puerto Rico Portfolio_Property for Sale
4145 Ave Arcadio Estrada, San Sebastián, 00685, PR

Walgreens Puerto Rico Portfolio

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale a portfolio of 10 NNN Leased Walgreens locations in Puerto Rico available as single or multiple units. These fully operational properties are strategically positioned across the Island, serving as essential healthcare and retail centers for their respective communities. With a well-established presence, prime locations, and a trusted tenant in Walgreens, this portfolio offers investors a stable income stream and the potential for long-term growth. As a nationally recognized retail pharmacy chain, Walgreens has successfully capitalized on Puerto Rico’s growing demand for healthcare. With a solid customer base and favorable market dynamics, these locations have proven their resilience and stability.


This portfolio of 10 NNN Leased Walgreens locations in Puerto Rico is an ideal investment for those seeking a secure and attractive investment with stable long term income due to having brand new 17-year leases with 10% increases every 5-years and twelve consecutive 5-year options to renew automatically in place. The underlying real estate is prime and in most cases are located on pin corners with signalize intersections that will retain long term value

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Attributes

NOI
IDR 97,642,413,000
Building area net
16,387 m²
Occupancy
100%
Year built
2001
Land area gross
7 ha
Number of units
10 units
WAULT
16 years

Media

Investment Highlights

PREFERRED PHARMACY IN PUERTO RICO

  • Walgreens, a leading retail pharmacy chain, has established a significant presence in Puerto Rico with over 100 locations across the Island. Providing a wide range of healthcare products and services, Walgreens is a trusted source for prescription medications, over-the-counter drugs, and personal care items


EXCEPTIONAL SALES

  • Each Walgreens store is achieving exceptional levels of success, with sales averaging an impressive $106 million across the entire portfolio. These outstanding sales figures clearly demonstrate the significance of these locations and underscore Walgreens’ unwavering dedication and long-term commitment to each one. 


HIGH-PERFORMING STORES

  • The Walgreens portfolio consists of high-performing stores, each equipped with new 17-year base term leases. These leases include built-in provisions for 10% rent increases every five years, indicating the stability and growth potential of these properties.


PUERTO RICO TAX INCENTIVES

  • Investing in Puerto Rico through Act 60 offers service industry investors attractive benefits, including a fixed 4% corporate income tax rate, property tax exemptions, and withholding tax exemptions. With a skilled workforce, strategic location, and favorable business environment, Puerto Rico is a promising destination for long-term growth and market expansion. Act 60’s objective of promoting economic development and job creation makes it an enticing opportunity for investors seeking to maximize their business potential.


Walgreens Puerto Rico Portfolio 4_Property for Sale

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Walgreens Puerto Rico Portfolio (0 Properties)

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Last updated
15 May 2024