TheBoulder Group recently completed the sale of a single tenant netleased Walgreens property located at 1680 W. Lane Rd. in MachesneyPark, IL, for $5.2 million.
CHICAGO—Drug stores have been one of the most sought-afterinvestments in the single tenant net lease market, but afterseveral significant events roiled the sector this year, overalltransaction activity declined during the first three quarters of2018, and potential buyers have now taken a wait-and-see attitude,according to a new report by Chicago-based The BoulderGroup.
According to the firm's Net Lease Drug Store Report, transaction volume wasdown more than 40% when compared to each individual year between2013 and 2017.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
