MEMPHIS—We've read a lot about long-term triple net lease deals in 2014. In fact, Calkain recently issued the first-ever Florida Net Lease Report. But it's not all about Florida—and short-term double net leased assets are also on investor radar screens.

Stream Capital Partners just inked the sale of a Walgreens in Memphis that proves the point. The investor grabbed the retail building, which carries a short-term double net lease.

Jordan Shtulman and Jonathan Wolfe, principals and co-founders of Stream, represented both the buyer and the seller in the deal. Wolfe says, “The transaction worked out well for both parties, ownership received an aggressive price and cap rate while the buyer was able to acquire a short-term Walgreens with fantastic store sales at a very low basis relative to other Walgreens properties in the market.”