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Saturday, July 24, 2010

Net Lease Property with Walgreens as Tenant, Sold

Kissimmee, Florida - Net Lease Properties has Walgreens news today. Report of an in-state limited liability company has acquired a Triple Net Lease property with Walgreens as the Tenant. This LLC paid $5.6 million for a 14,490 square-foot Walgreens, developed last year and supported by a Triple Net Lease.

An investment specialist in Tampa for Marcus & Millichap Real Estate Investment Services, marketed the property for a Florida-based developer.

This Net Lease Property is located at 5180 US-192 in Kissimmee. This Walgreens investment is a fee simple, new construction Triple Net Lease Property. This Walgreens site just opened in September 2009.

Walgreen Co. (WAG) just recently raised its quarterly dividend 27% to 17.5 cents a share, topping its compound annual dividend growth rate of 24% in the past six years.

Net Lease Properties & Financing Still Available

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or an Industrial property.


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