PPG Secures Exclusive Listing on Three Property Walgreens Portfolio Totaling $19,399,425
We are pleased to announce that Pharma Property Group has signed a Walgreens portfolio consisting of three properties in Alabama, Tennessee and Illinois totaling $19,399,425. These properties are available together as a portfolio or on an individual basis and have an average lease term of 7 years remaining before the option periods.
“Each of these locations are strong performing stores and have operating histories of nearly 20 years. They are established locations where Walgreens is responsible for all property and building maintenance. These assets are a great opportunity offering an investor a mid to high 5 CAP return for acquiring over 45,000 square feet of drugstore buildings located in primary markets on highly trafficked retail corners,” stated Jason Pongsrikul, Managing Principal of Pharma Property Group.
Pharma Property Group (PPG) has over $1.5 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
Office: (858) 860-6591