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Drug Store Mergers Bring In Uncertainty

Potential buyers want to see how the recent Walgreens and Rite Aid merger works out, among other concerns.

chi-PressReleaseImage (2) The Boulder Group recently completed the sale of a single tenant net leased Walgreens property located at 1680 W. Lane Rd. in Machesney Park, IL, for $5.2 million.

CHICAGO—Drug stores have been one of the most sought-after investments in the single tenant net lease market, but after several significant events roiled the sector this year, overall transaction activity declined during the first three quarters of 2018, and potential buyers have now taken a wait-and-see attitude, according to a new report by Chicago-based The Boulder Group.

According to the firm’s Net Lease Drug Store Report, transaction volume was down more than 40% when compared to each individual year between 2013 and 2017.

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Brian J. Rogal

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.

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