Walgreens 9300 E Gregory Blvd

Northmarq is pleased to offer the fee simple interest Walgreens Pharmacy located in Raytown, MO (the “Property”). Walgreens is operating under a NN lease expiring on January 31, 2030. The annual rent is $351,735 with eight (8), five (5) year fixed rate renewal options. The NN lease structure provides for a passive, secure investment with landlord's responsibilities being limited to the Roof & Structure. The Property is located on the signalized intersection of East Gregory Boulevard and Blue Parkway. Blue Parkway is a main thoroughfare through Raytown and boasts a vehicles per day count that exceeds 47,000. Raytown is part of the Kansas City Metropolitan Area.
Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc., (NASDAQ: WBA), had FY2022 revenue of $132.7 billion and net income of $4.07 billion. Currently, Walgreen Co. holds a BBB credit rating by Standard and Poor’s and had a market capitalization of $19 billion as of
September 7th, 2023. CenterWell, the nation’s largest provider of senior-focused primary care, operates a clinic in this Walgreens location. CenterWell is a wholly-owned subsidiary of Humana, Inc. (NYSE:HUM) (2022 Revenue of $91.5B) and currently operates a 2,500sf primary care office in the building. CenterWell Senior Primary Care currently operates a total of 214 senior-focused clinics and has centers open or opening in Florida, Georgia, Kansas, Louisiana, Missouri, Nevada, North Carolina, South Carolina, and Texas.