4.70%

Status: 

Active

915 WILDWOOD ROAD, WHITE BEAR LAKE, MN 55115 
 

• Over 8.2 Years Remaining on Absolute NNN Lease with Zero Landlord Responsibilities 

• Corporate Guarantee with 10 x 5-Year Options for Maximum Term Through 2081 

• Essential Use – Pandemic and Recession Resilient Tenant 

• Located Near Signalized Intersection of Wildwood Rd and Geneva Ave. N. with Combined Traffic of 26,500 Vehicles Per Day. Proximity to FWY-694 with 80,000+ Vehicles Per Day 

• Strong Area Demographics – Population of 119,091 People within a 5-Mile Radius with Household Income of $106,644 Annually 

• The Site Benefits from the Century College with 16,400 Students, White Bear High School 2,500 Students with National Retailers in the Trade Area which Include Dollar Tree, Valvoline, CVS, Subway, ALDI, Marathon, Fedex Ground Shipping Center
   

500 MAXEY ROAD, HOUSTON, TX 77013 
 

• Over 4.6 Year Remaining on Absolute NNN Lease with Zero Landlord Responsibilities 

• Corporate Guarantee with Ten 5-Year Options for Maximum Term Through 2078 

• Essential Use – Pandemic and Recession Resilient Tenant with Drive Thru, FedEx Onsite and Village Medical Location 

• Located on Major Arterial Road and Benefits from 38,265 Vehicles Per Day just North of I-10 with 154,870 Vehicles Per Day 

• Strong Area Demographics - 193,447 Population Within 5-Mile Radius with Household Income of $60,301 Annually 

• The Site Benefits from being Approximately 2.1 Miles from the Houston Community College with 48,329 Students and 1.5 Miles from East Houston Hospital (120 Beds) 

• Nearby Tenants include McDonalds, USPS, DDs Discounts, Bank of America, Popeyes, Pizza Hut, KFC, Taco Bell, Family Dollar, Subway, Kroger, Domino’s 
   

6189 ROUTE 31, CICERO, NY 13039 
 

• Over 9+ Year Remaining on Absolute NNN Lease with Zero Landlord Responsibilities 

• Corporate Guarantee with Ten 5-Year Options for Maximum Term Through 2082 

• Essential Use – Pandemic and Recession Resilient Tenant with Drive Thru, FedEx Onsite 

• Situated on Hwy 31 with 12,842 Vehicles Per Day Proximity to Fwy-81 with 42,837 Vehicles Per Day 

• Strong Area Demographics –Population of 53,143 People within a 5-Mile Radius with Household Income of $93,939 Annually 

• Nearby Tenants – Cicero North Syracuse High School 1,879 Students, Rite Aid, Circle K, Dunkin’ McDonald’s, Arby’s, Speedway, Fedex, Dollar Tree, Aldi 

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire the fee-simple interest in three (3) single-tenant, corporate guaranteed, Walgreens locations in Houston Texas, White Bear Lake, Minnesota, and Cicero New York. All properties are leased to and guaranteed by Walgreens Boots Alliance, an “essential-use” and recession-resilient tenant. Walgreens is considered “investment grade” credit and is publicly traded on the New York Stock Exchange (NYSE: WAG) Moodys Baa2 / S&P BBB. The portfolio has an average lease term of 7.3 years remaining on an absolute NNN fee simple basis with zero landlord responsibilities, providing consistent and reliable long-term cash-flow. 

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This portfolio also provides investors with the unique opportunity to assume an existing loan with 5.5+ years remaining until the maturity date, with a fixed interest rate of 4.70%, which is well below the current market-average borrowing rate. With the attractive rate and terms on the assumable loan, investors can maximize cashflow without the need for loan origination, making this an ideal opportunity for 1031-exchange buyers with limited closing timelines.  

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The three Walgreens locations have excellent real estate fundamentals, situated on high-traffic arterial roads with proximity to housing, employment, education, and other attractions. All three Walgreens locations feature FedEx Onsite and drive-through pharmacy windows. The Houston location features Village Medical clinic, offering a suite of additional medical services to the local community.