Walgreens PR 2 Int PR-130 Carrera 15,661 SF 100% Leased Retail Building Hatillo, SJ 00659 $12,512,548 CAD ($798.96 CAD/SF) 7% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Hatillo, Puerto Rico. 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 January 2040, leaving over 14 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. This location is open 24 hours a day due to high demand.
The 15,660-square-foot building is strategically located at a signalized intersection along P.R. 2, a major thoroughfare serving the city of Hatillo, which is home to over 38,000 residents. The property bene?ts from limited national pharmacy competition in the area, enhancing its long-term viability. Walgreens is positioned on an outparcel to Hatillo Town Center Which is occupied by Planet Fitness, Pepe Ganga, and Me Salve. Other neighboring retailers include McDonald’s, Pizza Hut, Popeyes, Firehouse Subs, Ace Hardware, and several others.
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.