The Net Lease Group is pleased to announce the closing of two zero cash flow Walgreen’s in Madeira Beach, FL and Lutz, FL. This deal consisted of the leasehold interest in the Walgreen’s retail properties, one hundred (100%) leased to Walgreen’s Company through a bondable triple net lease with zero free cash flow during the initial term.
• 1031 Exchange Buyer
• Properties are 100% Leased to Walgreen’s through a Bondable Triple Net Lease
• Sold Close to Asking Price
• Zero Cash Flow Leasehold Structure
• Paydown-Readvance Feature in the Debt Documents
• Tax Advantaged, Zero Cash Flow Structure
The Seller was represented by Philip Wickstrom, Managing Principal.
For information on current properties The Net Lease Group is marketing, please visit our properties page.