Invest in Walgreens NNN Properties: Now for Sale
Net Lease World offers Walgreens NNN properties for sale to help investors get a low-risk predictable revenue stream without the headache of property management. Check out our listings today.
A net lease is a lease in which the tenant is required to pay all, or a portion of, taxes, fees, and maintenance costs of a property. You can, however, enjoy much lower rental or purchase fees on properties on net lease. NNN planning is an investment tool that provides the investor with varied opportunities to succeed in an ever-changing market. Net Lease World offers a wide selection of Walgreens NNN properties for sale.
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What Is a Triple N or NNN Property?
The landlord is responsible for settling real estate taxes, insurance, and maintenance in U.S. commercial real estate. However, in a net lease arrangement, the lessee or the tenant shoulders such expenses. Hence, the base rate for net-leased properties is significantly lower than the rent charged under a gross lease. Browse through Walgreens NNN properties for sale for good investment options that yield excellent profits.
Single, Double, and Triple N Leases
There are different types of leases on commercial properties. Properties are referred to as single, double, or triple net lease depending on the number of factors the tenant has to shoulder. These expenses usually charged back include property taxes, insurance, and maintenance, often called the three nets. A net lease that includes all three is often called a triple net or NNN lease.
How Does an NNN Lease Work?
For both the tenant and the landlord, NNN offers many benefits. The tenant has more freedom and flexibility to customize their space without the heavy capital investment of a purchase. The landlord, on the other hand, enjoys a reliable source of income with very little overhead costs. The landlord is also disengaged and has little need to play a role in the management of the property.
Advantages of Investing in Walgreens NNN For Sale
Taking a look at a Walgreens NNN property for sale is one of the smartest investments you can make. Most free-standing establishments like pharmacies, banks, and cafes are likely under a triple N lease agreement. It is relatively straightforward to own and operate. They can generate a long-term and consistent income stream for you.
Passive Investment
This form of investment does not require too much from the investor as the tenant manages the property and pays for all taxes, insurance, and maintenance costs.
Predictable Revenue Stream
A net lease is agreed upon, and there are no changes on this revenue stream since all costs are carried by the tenant. Month in, month out, regardless of circumstance, a predictable amount will flow into your bank account.
Portfolio Diversification
Walgreens NNN for sale properties provides similar benefits as investing in other forms of real estate. If you add a Walgreens NNN property along with your other properties, whether commercial or residential, you’ll have a more diverse portfolio than before.
Reduced Need for Maintenance
With this arrangement, landlords do not need to worry about maintenance efforts. This is particularly beneficial if the landlord has other properties to mind.
High-Quality Tenants
Most Walgreens NNN properties will come with a tenant already in place. A long-term lease ranging from 10 to 25 years is usually signed already for such places.
Higher Liquidity Rate
Because of all the advantages of investing in Walgreens NNN for sale, there is an attractive appeal to commercial investors. This means it will be easier for you to liquidate the property if the need arises. There will be ample buyers in the market ready to make an offer.
More Stable Payments
Leases that are expected to be renewed every so often require the perpetual cycle of searching for qualified tenants. Walgreens NNN for sale properties has longer lease periods of at least 10 years which gives the property owner a steady income within that time.
Low Turnover Rate of Tenants
With the longer lease period also comes a lower turnover rate of tenants. This lowers leasing and marketing expenses significantly. It also avoids having vacancy periods that incur profit opportunity losses.
Invest Anywhere
Since NNN properties are a largely passive investment, you don’t need to be nearby to manage them.
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How to Invest in Walgreens NNN for Sale and What to Look For
Like with any real estate investment, location is the primary component that will determine the success of the investment. Consider the viability of the property while checking for good foot traffic and accessibility.
Particularly for commercial real estate, though, it’s important to choose properties from companies that are reliable and show resiliance through financial hardship. Each store also faces its own conditions, which depend on the previously mentioned factors such as foot traffic and accessibility, as well as good management and so on.
Why Walgreens Properties?
Walgreens has been around for decades now, specifically since 1901. It is a reliable company that has stood strong and earned steady profits despite the economic hardship other companies have faced. For these reasons and more, it is recommended to get a Walgreens property as part of your portfolio, as it is an investment that will last you for many years to come.
Work With a Net Lease Advisor
Triple net leases can greatly benefit your financial situation, all without the headache of dealing with other forms of property ownership. Deal with a triple net lease advisor that has extensive connections and experience in the industry. Connect with Net Lease World for Walgreens NNN properties for sale now.
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Walgreens NNN Properties for Sale
Expand your portfolio with a safe investment by buying a triple net lease Walgreens property. These establishments are in a stable industry that’s continually growing, especially with the heightened attention to healthcare and medicine. At Net Lease World, we carry a wide catalog of Walgreens properties located everywhere in the US. If you’re interested in this type of commercial real estate investment, check out our listing of Walgreens NNN properties for sale.
What Are Triple Net Properties?
Among the few types of commercial real estate lease agreements, net leases arguably provide the most freedom to investors and flexibility to lessees. For this one, the tenant will pay some of the net operation costs for the property. There are three types available today: single, double, and triple net leases. The latter is also called an NNN lease because it refers to the three net operating costs cared for by the tenant:
Operating Expenses and Maintenance
Property Insurance
Property Taxes
Thanks to this arrangement, the property owner can be as hands-off as they want on the daily management of the Walgreens establishment. This means that even those who don’t have any experience in the pharmaceutical industry can still make a profit from an NNN property, and that’s not the only advantage of this investment.
Investing in a Walgreens NNN Property: The Benefits
In general, there are plenty of advantages when it comes to triple net lease properties. However, a Walgreens property adds another set of benefits that you may not encounter in most other industries or companies. Here are some of what you can expect:
1. Minimal Responsibility for Investors
As mentioned above, an NNN lease agreement puts most of the work on the lessee instead of the owner. Other types of commercial real estate contracts still put some responsibility on the owner, such as maintenance and taxes. With an NNN property, you can be as hands-off as you can. The tenant will take care of the insurance, taxes, and expenses for day-to-day maintenance. That way, you’re free to use your efforts and time on other investment ventures.
2. Long-Term Occupancy
One way to guarantee a steady return on investment for rental properties is by having a minimal turnover rate. You won’t be spending resources to market the property and screen new tenants. To achieve this, you’ll need a long-term contract and a willing lessee. Thankfully, that’s easy to achieve in a Walgreens NNN property. Most contracts usually last for more than 20 years thanks to the general stability of the industry and Walgreens’ business acumen.
3. Guaranteed Cash Flow
Given the points above, owning a Walgreens NNN property is one guaranteed way to earn a steady income. The first factor is the long-term lease, which means that you’d receive rent every month for decades. More than that, the NNN arrangement eliminates the need to provide resources for net operating costs. There’s nothing to chip away from your profits since the owner is the one handling most of the property management costs.
4. Small or Zero Exposure to Inflation and Other Market Factors
In most commercial real estate lease agreements, owners are given the right to increase rates to address inflation and other market factors. However, even this condition doesn’t make them immune to rising prices if they’re still the ones responsible for net operation costs. Thankfully, an NNN lease shields the owner from rising prices. It will be the tenant who’ll shoulder new rates for insurance premiums or higher pricing for services and materials.
5. Transferable Leases
Net leases, like most other commercial real estate agreements, are transferable. This means that contracts can be passed from one owner to another without changing the tenant. Thanks to this flexibility, you can easily let go of the NNN property should you find more lucrative opportunities, unlike other types of investments. You can then use the equity you earned to purchase other properties or investments. The transferable leases can also make your exit strategy more straightforward.
6. Great for Diversifying Your Portfolio
Whether you’re just beginning in commercial real estate investment or are a seasoned veteran, a Walgreens NNN property is a great way to diversify your portfolio. Since having a property in the pharmaceutical industry is safe, you can use it to balance your assets against riskier investments. The equity you gain can also be used for other investment opportunities or for personal use, like vacations or retirement.
7. More Likely to Hold Value and Appreciate
Walgreens, and other companies in the pharmaceutical industry in general, have stellar financial standing. They’re also recognized and trusted by consumers. Thanks to these factors, a Walgreens NNN property is more likely to hold value and appreciate in the long run. You’ll get higher capital gains should you decide to sell it in the future.
8. A Safe Industry
There’s a lot of concern about the state of various financial markets thanks to the pandemic. But if there’s one industry you can count on, it’s pharmaceuticals. Not only did this industry grow during the past few years, but the fact that their services and products are essential only makes them more stable than ever.
In addition to that, there are also the strategies that Walgreens uses when choosing locations. They are highly selective in order to make the most profits. By choosing a Walgreens NNN property, you’d also benefit from these approaches. You’ll get an establishment that holds value or appreciation, as mentioned above.
Walgreens Triple Net Leases: Find a Property Today
Now that you know the benefits of buying a Walgreens NNN property, it’s time to check out your options. Net Lease World is a trusted platform in triple net lease properties, and we have a wide selection of Walgreens NNN properties for sale. Check out our listings today and choose the properties you’re interested in investing in.
If you want to learn more about a particular listing, please contact us today.
