SAN DIEGO—The Mansour Group of Marcus & Millichap has sold a portfolio of three Walgreens. The assets, located in the southeastern United States sold for a total of $16.3 million.
Alvin Mansour of The Mansour Group, represented both the buyer and seller.
“The properties were built brand new as part of the USA Drug Pharmacy Chain. In 2012, Walgreens completed the acquisition of the regional drugstore chain in the mid-South region of the United States as part of a strategic growth plan to enter smaller communities where USA Drug had developed strong market share,” Mansour says. “These three assets have brand new 25 year absolute net leases guaranteed by Walgreens that commenced in September of 2012.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
