May 2023

Recently Sold – Walgreens, Woodinville, WA

Exterior view of the recently sold Walgreens Woodinville store with a large parking area, surrounded by trees, under a clear sky.

Thomas Company is pleased to announce the successful closing of a Walgreens pharmacy ideally located in Woodinville, Washington (Seattle MSA). The building totaled 14,820 square feet of retail space on 2.15 acres with 49 parking spaces. The property was offered free and clear of debt and was structured with an absolute triple-net lease with no landlord responsibilities. The list price for this property was approximately $7 million.

Key Highlights

  • With its extensive network of over 8,000 pharmacies and strong brand recognition, Walgreens commands a significant share of the pharmacy market, making it an attractive investment opportunity for investors seeking exposure to a leading player in the healthcare industry.
  • This property offers a stable revenue stream due to consistent demand for prescription medications and healthcare products, providing investors with a reliable source of income with absolutely no landlord responsibilities.