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Walgreens Reduces Store Footprint, Shares Space with Doctors

New stores downsize to 10K SF and existing stores offer 3,500 SF to primary care physicians as focus shifts from convenience to healthcare.

By Jack Rogers | April 11, 2022 at 07:55 AM
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Walgreens is shifting its retail strategy from traditional convenience stores with pharmacies to smaller facilities that focus on delivering wider access to healthcare services along with prescription drugs.

“Our footprint is bigger than it needs to be. Today, we’re focused on smaller stores and providing better access to healthcare,” Chris Noble, Walgreen’s divisional VP of real estate, told attendees at GlobeSt’s Net Lease Spring conference last week.

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GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

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