WALGREENS

INVESTMENT HIGHLIGHTS

• TOP-RATED TENANT: Walgreens, a globally recognized pharmacy chain, carries an investment- grade credit rating of ‘BBB’ by Standard & Poor’s, reflecting strong financial stability.
• ESTABLISHED BRAND: With over 9,000 locations nationwide, Walgreens is a cornerstone of the U.S. retail pharmacy industry.
• THRIVING TAMPA MSA: Located in one of the Top 20 metropolitan statistical areas in the U.S., with a population exceeding 3 million.
• DENSE POPULATION: More than 222,000 residents live within a 5-mile radius of the property, with an average household income of $82,924.
• POPULATION GROWTH: The area has experienced steady population increases, with continued growth projected, driven by new housing developments and economic expansion.
• PRIME LOCATION: Located at 5 Patricia Ave, Dunedin, FL, this Walgreens benefits from excellent visibility and accessibility within a high-demand retail corridor just outside Tampa Bay.
• HIGH RETAIL PERFORMANCE: Positioned in a retail market with a low vacancy rate of 3.1%, highlighting strong market demand.
• ABSOLUTE NNN LEASE: Features a zero-landlord-responsibility lease, providing a hands-off investment experience.
• LONG-TERM STABILITY: The lease, corporately guaranteed by Walgreens, runs through October 31, 2030, ensuring almost six years of secure rental income.
• LOT SIZE AND BUILDING: Spanning 2.88 acres, the property includes a 14,820-square-foot building with ample parking for customers.
• INVESTMENT STABILITY: While there are no rental increases during the lease term, the corporately guaranteed structure offers dependable cash flow.
• RESILIENT INDUSTRY: As a provider of essential goods and services, Walgreens operates in a stable, recession-resistant sector.