The 11,308-square-foot building is strategically located at a signalized intersection along US Highway 23 (23,500 VPD). The property also benefits from immediate access to US highway 64 (31,000 VPD). Located within the area’s primary retail corridor, it is surrounded by prominent neighboring tenants, including Lowe’s, Harbor Freight, Ingles Market, McDonald’s, Wendy’s, Zaxby’s, and various other businesses. Within a ten-mile radius, the population exceeds 34,000 residents, with an average household income of $75,521.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is an east coast-based institution. The buyer was an individual investor based in the Southeast.
Walgreens is a leading American retail pharmacy chain founded in 1901 by Charles R. Walgreen in Chicago, Illinois, where it continues to maintain its headquarters. Operating 8,500 stores across the U.S., Walgreens offers prescription medications, health and wellness products, and general merchandise. The company has a history of 125 years, evolving from a single drugstore to a cornerstone of American healthcare and retail. On August 28, 2025, Walgreens Boots Alliance, Inc. was acquired by New York-based private equity firm Sycamore Partners in a $10 billion deal.
“Walgreens assets offer long term leases at attractive yields” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “Walgreens property investors are becoming more localized.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2024, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html