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Walgreens Portfolio Sells for $24 Mil

11/19/20

A portfolio of six Walgreens drugstores across the midwest sold in a recent $24 mil transaction. The NNN-leased assets are located in Texas, Oklahoma, Illinois, New Mexico and Arizona.

Gabriel Britti and Ronnie Issenberg with Marcus & Millichap represented the seller. According to Issenberg, the portfolio consisted of an essential rent-paying retailer with diversification in six different markets across the United States.

“Walgreens properties have been in high demand from net-leased investors since the pandemic started,” said Britti. “The high quality of these assets and the attraction of triple-net leases drew prospective buyers from California, New York, and Florida.”




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