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Wednesday, March 24, 2010

Walgreens, 1031 Tax Deferred Exchange

Single Tenant Walgreens Drug Store

A building and ground lease on a 14,600 square foot free standing Walgreen's Drug Store was sold recently. This transaction was for cash at a sale price of $3,750,000. The property is located at 7800 N Cortaro Road, in Marana, Arizona. That AZ zip code is 85743. Triple Net Lease Properties has scouted the Tempe and Mesa Arizona area for investments of Net Lease Properties.
This Single Tenant Walgreens was built in 2000.
The sale was for all cash via an IRC Section 1031 tax deferred exchange from the Buyer's recent sale of a medical complex in Yuma, AZ.
We can be contacted for Single Tenant Triple Net Lease Properties or other Commercial Real Estate.

Commercial Real Estate
North Palm Beach, FL 33408
(561) 707-7712‎

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