Net Leased Walgreens – Aubrey, Texas Sold

By Just Closed, Press Release Sold Walgreens
Net Leased Walgreens – Aubrey, TX

Aubrey, TX (June 16, 2015) –

A 14,722 square foot Net Leased Walgreens- Aubrey, TX sold for an undisclosed amount. The property is a single tenant Walgreens with approximately 17 years left on an absolute net lease.

“We were able to line up a buyer for this property at a price that made a 1031 Exchange beneficial for our client. Our client’s goal was to diversify his interests and increase his cash flow with the sale proceeds from this transaction. Our buyer remained patient with us while we searched for the right exchange properties to accomplish our client’s goal,” says Motley.

The Seller was represented by Brad Motley of KW Net Lease Advisors, a Texas based investment real estate brokerage & advisory firm, and the Buyer were represented by Ray Hulik of Commercial Real Estate Services in Hawaii.

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About Rite Aid

Rite Aid is the third largest retail drugstore chain in the United States based on both revenues and number of stores. As of February 27, 2016, we operated 4,561 stores in 31 states across the country and in the District of Columbia.
In our Rite Aid retail stores, we sell prescription drugs and a wide assortment of other merchandise, which we call ‘‘front-end’’ products. In fiscal 2016, prescription drug sales accounted for 69.1% of our total drugstore sales. We believe that pharmacy operations will continue to represent a significant part of our business due to favorable industry trends, including an aging population, increased life expectancy, anticipated growth in the federally funded Medicare Part D prescription program as ‘‘baby boomers’’ continue to enroll, expanded coverage for uninsured Americans as the result of the Patient Protection and Affordable Care Act and the discovery of new and better drug therapies. We carry a full assortment of front-end products, which accounted for the remaining 30.9% of our total drug store sales in fiscal 2016. Front-end products include over-the counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise and numerous other everyday and convenience products.
We differentiate our stores from other national chain drugstores, in part, through our wellness+ with Plenti loyalty program, our Wellness format stores, innovative merchandising, private brands and our strategic partnership with GNC, a leading retailer of vitamin and mineral supplements. We offer a wide variety of products through our portfolio of private brands, which continue to be well received by our customers. Private brand items contributed approximately 18.7% of our front-end sales in fiscal 2016.
https://www.riteaid.com

See more about Rite Aid including average trading prices, lease details and cap rates.

About Walgreens

Walgreens (NASDAQ: WBA) was founded in Chicago, Illinois in 1901.

As of 31 August 2016, Walgreens is part of the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc.

Walgreens is the largest drug retailing chain in the United States. Walgreens provides access to consumer goods and services, plus pharmacy, photo studio, health and wellness services in the United States through its retail drugstores,Walgreens Health Services division, and Walgreens Health and Wellness division.

The company sells prescription and non-prescription drugs, as well as general merchandise products.

Today, Walgreens is taking its products and services to the four corners of the world as part of the Retail Pharmacy USA division of Walgreens Boots Alliance, Inc., the first global pharmacy-led, health and well-being enterprise in the world. Walgreens Alliance Boots was created through the combination of Walgreens and Alliance Boots in December 2014. This transaction brought together two leading companies with iconic brands. Walgreens anticipates capital expenditures to be approximately $1.7 billion in fiscal 2015.

  • Retail Pharmacy USA Division’s principal retail pharmacy brands are Walgreens and Duane Reade. Together, they form one of the largest drugstore chains in the USA.
  • USA Division operates 8,175 drugstores in 50 states, the District of Columbia, Puerto Rico and the US Virgin Islands. As of August 2016, approximately 76 percent of the population of the USA lives within five miles of a Walgreens or Duane Reade.
  • Overall, USA Division filled approximately 740 million† prescriptions in 2016.  Adjusted to 30-day equivalents, it filled 928 million† prescriptions in 2016. Third party sales, where reimbursement is received from managed care organizations, government and private insurance, were approximately 97 percent† of prescription sales.
http://www.walgreens.com

See more about Walgreens including average trading prices, lease details and cap rates.

About CVS Pharmacy

CVS Health (NYSE: CVS) is a pharmacy innovation company helping people on their path to better health. Through our 9,700 retail pharmacies, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 70 million plan members, and expanding specialty pharmacy services, we enable people, businesses and communities to manage health in more affordable, effective ways.

  • Headquartered in Woonsocket, RI
  • Largest pharmacy health care provider in the U.S.
  • Integrated offerings across the spectrum of pharmacy care
  • Approximately 243,000 employees in 50 states, the District of Columbia and Puerto Rico
  • CVS Health and MinuteClinic partner with more than 60 major health systems and health care providers across the country.
  • One of the nation’s largest PBMs, CVS Caremark serves nearly 90 million plan members.
http://www.cvs.com

See more about CVS Pharmacy including average trading prices, lease details and cap rates.

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