Tag: Walgreens

Four Building Net Leased Portfolio Coming to Market in Clinton, MD

Calkain’s Fallon Selling Walgreens, TD Bank, Goodwill, and MedExpress Urgent Care in Clinton, MD

Herndon, VA – Andrew Fallon, Calkain’s Executive Managing Director, has been retained to sell the Clinton Gardens retail development comprised of four net lease assets which were originally developed in 2008 as a 38,222 SF shopping center on 6.4 acres.  The portfolio is strategically located off Branch Avenue/Route 5, just outside of Washington, DC, with close proximity to Andrews Air Force Base.  This unique offering of four single tenant net leased buildings can be acquired collectively or as individual assets.…

AmyFour Building Net Leased Portfolio Coming to Market in Clinton, MD

What Will The Failed Rite Aid-Walgreens Merger Mean To Net Lease Investors?


Walgreens had entered into an agreement to acquire Rite aid in October 2015. The agreement was stalled while both companies waited for approval from the Federal Trade Commission (FTC). In December 2016, divestiture of many Rite Aid locations to Fred’s, Inc was announced. This was intended as an appeasement in order to get the FTC’s approval.

Walgreens and Rite Aid made the decision to scrap the merger after receiving feedback from the FTC leading them to believe the merger was not going to be approved. They have announced a new agreement, Walgreens will purchase 2,186 stores, three distribution centers, and …

AmyWhat Will The Failed Rite Aid-Walgreens Merger Mean To Net Lease Investors?

Tenant Profile – Walgreens

Walgreens is one of the nation’s largest retail drugstore chains. Walgreens is owned by Walgreens Boots Alliance (WBA). WBA was created through Walgreens’ acquisition of Alliance Boots in 2014. The creation of the international pharmacy group allowed companies to capitalize on synergies with complementary geographic footprints. 

AmyTenant Profile – Walgreens

Calkain Represents Top DC Developer in Sale of NC Walgreens at a 5.51% Cap

Herndon, VA – Andrew Fallon and Rick Fernandez of Calkain Companies completed the sale of a NNN Walgreens in Garner, North Carolina on behalf of one of DC’s top area developers. Calkain previously worked with the client in the acquisition of this asset, having been provided investment criteria of obtaining a liquid NNN property. More recently, Calkain listed the property and was able to procure a 1031 exchange buyer, quickly re-selling the Walgreens for just over $5 million with a 5.51% cap rate.…

Emily CusmanoCalkain Represents Top DC Developer in Sale of NC Walgreens at a 5.51% Cap

Calkain Sells Walgreens in Sumter, SC

Atlanta, GA – Calkain Companies’ team of Patrick Nutt, Managing Partner, Sheree Strome and Keelee Peterson, both Associate Directors, have recently sold a property in Sumter, South Carolina occupied by Walgreens (NYSE:WBA) pharmacy. Walgreens occupies this location under a long-term 15 year lease on an absolute NNN basis. The property is located on Pinewood Road near the intersection of McCrays Mill Road.

Calkain’s marketing efforts generated multiple offers to purchase this net leased asset, ultimately executing the deal for $5,078,063 to a private buyer facilitating a tax-deferred 1031 exchange.

The stability of having an investment grade tenant, coupled with a

Emily CusmanoCalkain Sells Walgreens in Sumter, SC

Drug Store Retailers Remain Steady


CVS and Walgreens are in a constant battle for the biggest share of the market. CVS acquired Omnicare and Target’s pharmacies last year and Walgreens is in the process of acquiring Rite Aid by the end of this year. Both, in total, dominate the Drug Store industry. A recent Cap Rate Report released by Calkain shows quarter-by-quarter average national cap rates.

Q4 2015 cap rates stayed in the high 5% range for both pharmacies. Walgreens showed a stable uptick in cap rate for Q1 2016 with an average of 5.68%. The slight increase is a result of REITs maturing and …

Traci BidingerDrug Store Retailers Remain Steady