Walgreens

• ONLY WALGREENS IN SEDONA – The property is the only Walgreens in Sedona, providing a differentiated position within a highly supply-constrained market serving both the local population and millions of annual visitors.
• RARE RENTAL ESCALATIONS – Walgreens benefits from rare 5% rental increases every five years, providing contractual income growth and a meaningful hedge against inflation compared with the typical flat-rent structure found across much of Walgreens’ real estate portfolio.
• EXCLUSIVE LABCORP LOCATION – This Walgreens features Sedona’s only Labcorp patient service center, further establishing the property as a key healthcare destination. The on-site Labcorp generates additional needs-based customer traffic beyond traditional pharmacy and retail visits while providing a differentiated healthcare amenity to the surrounding community.
• RECENT 15-YEAR LEASE EXTENSION – In 2020, Walgreens demonstrated its long-term commitment to the location by executing a new 15-year lease extension, providing investors with long-term lease security and reinforcing the importance of the location within Walgreens’ store network.