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Investment Highlights

  • Strong performing location – contact broker for more details
  • Long-term lease running through July 2038
  • Large 2.18-acre land parcel
  • Absolute triple net lease, zero landlord responsibilities
  • Successful operating history at this location since 2013
  • This is the only Walgreens location within the U.S. Virgin Islands

Executive Summary

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens located in Saint Thomas, Virgin Islands. Walgreens operates under a long-term lease running through July 2038 and has successfully occupied this location since 2013. The absolute triple-net lease carries zero landlord responsibilities. The property is situated on a large 2.18-acre parcel. This is a strong performing location – contact broker for more details.
The 15,660 square-foot building bene?ts from its position as the only Walgreens location within the entire U.S. Virgin Islands, situated just off Weymouth Rhymer Highway, one of the island’s main thoroughfares. The subject property is surrounded by a lineup of nationally recognized tenants, including The Home Depot, Ford, Toyota, Kmart, AutoZone, McDonald’s, Tire Kingdom, Advance Auto Parts, and several others. Furthermore, the property is located within proximity to Charlotte Amalie, one of the most visited cruise ports in the Caribbean, which draws over 1.5 million visitors annually. Tourism supplements a stable resident population of approximately 52,000, giving Saint Thomas one of the highest per capita incomes in the Caribbean.
Founded in 1901 by Charles R. Walgreen Sr. in Chicago, Walgreens is one of the largest retail pharmacy chains in the United States, serving nearly 9 million customers and patients each day across approximately 8,500 stores nationwide and in U.S. territories. Headquartered in Deer?eld, Illinois, the company offers a broad range of products and services including prescription medications, over-the-counter health products, beauty and personal care items, and photo services. In August 2025, Walgreens began operating as a private standalone company following its acquisition by Sycamore Partners, a leading private equity ?rm based in New York.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
15,651 SF
Year Built
2012
Price
$16,307,692
Price Per SF
$1,041.98
Cap Rate
7.80%
NOI
$1,272,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.17 AC

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Walgreens
  • -
  • -
  • -
  • Jul 2038
Tenant Industry SF Occupied Rent/SF Lease End
Walgreens - - - Jul 2038
  • Listing ID: 40707901

  • Date on Market: 5/29/2026

  • Last Updated:

  • Address: 4030 Annas Retreat, Charlotte Ama, VI 00802

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