Encore Real Estate Investment Services Arranges Sale of 2 Net Lease Minnesota Properties, with Walgreens as Tenant, Totaling $17 Million
Summary
Based on the aforementioned as well as the phenomenal daytime population, the pharmaceutical giant strategically decided to relocate this store from across the street where it now performs at incredible sales volumes."Walgreens properties with long term leases, corporate badges with exceptional sales in excellent locations continue to be in significant demand amongst private investors in this flight to quality market," said Brandon Hanna, Managing Partner and Drug Store Practitioner of Encore REIS.There were over 12 years remaining on the Absolute Net Lease at closing.Brandon Hanna, Ryan Vinco and Deno Bistolarides of Encore REIS represented both the seller and purchaser in the transaction.Based on the aforementioned as well as the phenomenal daytime population, the pharmaceutical giant strategically decided to relocate this store from across the street where it now performs at incredible sales volumes.Brandon Hanna, Ryan Vinco and Deno Bistolarides of Encore REIS represented the seller in the transaction."Walgreens properties with long term leases, corporate badges with exceptional sales in excellent locations continue to be in significant demand amongst private investors in this flight to quality market," said Brandon Hanna, Managing Partner and Drug Store Practitioner of Encore REIS.