Blog / Credit Tenants

In addition to providing our latest thoughts on the economy, markets and investments in general, this section aggregates and organizes all of the latest content provided or referenced by 1031Gateway for your convenience. Access all of the latest economic blog posts, articles, recommending reading in one spot.


Walgreens Overview

(S&P Rating: BBB; Moody's Rating: Baa2)

Walgreens, a subsidiary of Walgreens Boots Alliance, is a leading pharmacy chain in the U.S., with over 8,100 drugstores across all 50 states. In 2012, Walgreens began its purchase of Alliance Boots, a leading European-based pharmaceutical retailer, and had acquired 100% of the company in 2014 for a total-combined amount of over $16 billion, resulting in the succeeding entity, Walgreens Boots Alliance. In 2018, WBA paid $4.16 billion to acquire over 1,900 Rite Aid stores, making WBA the largest owner of retail pharmacies in the United States.

Key Financials (2017)

Total Revenue:$118.24 billion
Year-Over-Year Revenue Growth:0.74%
Gross Profit:$29.16 billion
Net Income:$4.08 billion

Company Information

The Walgreens logo, a rated credit tenant in 1031Gateway's 1031 Exchange Investing Articles

Walgreens Boot Alliance owns and operates over 13,200 stores in 11 countries, and employ over 385,000 people. Their 390 distribution centers deliver to more than 230,000 hospitals, pharmacies, and doctors throughout 20 countries. Other brands under WBA ownership include Boots and Alliance Healthcare, and Duane Reade, along with a number of company-manufactured products.

In 2018, Walgreens Boots Alliance was included for the 25th straight year (Walgreens included) in Fortune magazine’s “World’s Most Admired Companies.”

Further Resources

  Company Site | Investor News & Annual Reports | NYSE: WBA

 Want to gain access to real estate leased by Walgreens and our other credit tenants? Just fill out the form to the right.

Written By: Louis Swingrover

Browse Articles

Investment Real Estate

Tax Deferral & Mitigation Strategies

Browse Blog

Credit Tenants

Investing Quotes


Triple Net Property

Browse News

1031 Exchange

Browse Knowledge


Recommended Reading

Name Email

TripleNet Gateway
2600A E Seltice Way, Suite 211
Post Falls, ID 83854