Pharma Property Group Secures Buyer Within 30 Days for Fayetteville Walgreens
Pharma Property Group (PPG) has successfully arranged the sale of a Walgreens located in Fayetteville, North Carolina.
PPG generated strong investor interest shortly after launching the offering, ultimately securing a North Carolina based buyer within 30 days of the property being brought to market. The buyer was attracted to the asset’s strong real estate fundamentals and long-term tenancy.
The tenant executed a 15-year lease extension in 2015 and continues to operate successfully at the location, which ranks #1 out of 10 Walgreens stores within a 15-mile radius, based on Placer.ai data. The property is located along Ramsey Street (U.S. 401), a primary retail corridor with strong traffic counts and direct access to I-295 and I-95, supporting long-term retail stability.
“North Carolina remains an active market for Walgreens investments, with steady buyer demand for assets in established retail corridors and markets supported by population growth,” stated Sean Dan, Vice President at PPG.
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Pharma Property Group (PPG) is a premier commercial real estate firm specializing exclusively in properties leased to national drugstore chains Walgreens and CVS. With a proven track record of success, evidenced by over $3 billion in closed transactions and over $5 billion in drugstores underwritten, PPG offers landlords unparalleled market intelligence and access to the industry’s most extensive network of drugstore property owners. Our unique and comprehensive marketing platform ensures access to the largest pool of drugstore buyers and sellers in the nation.
Jason Pongsrikul, Managing Principal
Pharma Property Group
1979 Chicago Street
San Diego, CA 92110
Office: (858) 860-6591
Sean Dan, Vice President
Pharma Property Group
1979 Chicago Street
San Diego, CA 92110
Cell: (858) 414-8051