Pharma Property Group Sells 14-Year Walgreens in North Carolina

 

Pharma Property Group is pleased to announce the sale of a Walgreens property in North Carolina. This Walgreens asset had over 14 years of firm lease term remaining and was on an absolute net lease. The PPG team leveraged its deep rolodex of drugstore investors to locate a 1031 all cash private buyer whom they have worked with on a number of drugstore transactions over the past few years.

“Our unique focus and specialization allows our team to consistently deliver positive outcomes for our clients as we navigate the evolving drugstore market. The demand for triple net leased drugstore assets remains healthy for deals in markets with favorable underlying real estate, reasonable rent levels and strong demographic profiles,” stated Chris Barry Partner at Pharma Property Group.

 

 

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Pharma Property Group (PPG) has over $2.5 Billion in closing transaction experience and specializes in providing commercial real estate services to landlords who own properties occupied by Walgreens, CVS and Rite Aid.  Pharma Property Group is one of the top brokerage firms in the country in drugstore property closing volume and has an unparalleled drugstore marketing platform providing access to the largest pool of drugstore landlords in the nation.

 

Jason Pongsrikul, Managing Principal

Pharma Property Group

1979 Chicago Street 

San Diego, CA 92110

www.pharmapropertygroup.com

Office: (858) 860-6591