Walgreens 861 Bo Pajaros Pr 15,661 SF Retail Building Bayamón, BAY 00956 $14,238,384 CAD ($909.16 CAD/SF) 7% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Bayamón, Puerto Rico, within the San Juan MSA. Walgreens has successfully operated at this location since 2015 with an absolute triple net lease that presents no landlord responsibilities. The subject lease runs through August 2040, leaving over 15 years of term remaining. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 28 for total revenue.
The 15,660-square-foot building is strategically located just minutes from PR-167, a major thoroughfare serving the city of Bayamón, which is home to over 185,000 residents. The property benefits from limited national pharmacy competition in the area, enhancing its long-term viability. It is surrounded by a strong mix of national retailers including The Home Depot, Burlington, PetSmart, Planet Fitness, Marshalls, Sherwin-Williams, and others, contributing to consistent consumer traffic. Additionally, the site is positioned less than 11 miles from downtown San Juan, providing access to the broader metro population.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.