The Net Lease Group is pleased to announce the closing of a zero cash flow Walgreens in Laurel, MD. This deal consisted of the leasehold interest in a Walgreen’s retail property, one hundred percent (100%) leased to Walgreen’s Company through a bondable triple net lease with zero free cash flow during the initial term.
• 1031 Exchange Buyer
• Sold at Full Asking Price $7,158,610
• Property 100% Leased to Walgreen’s through a Bondable Triple Net Lease
• Zero Cash Flow Leasehold Structure
• Tax Advantaged, Zero Cash Flow Structure
• Paydown-Readvance Feature in the Debt Documents
The seller was represented by NLG’s Philip Wickstrom, Managing Principal.
For information on properties The Net Lease Group is marketing for sale, please visit our website’s properties page.