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.”
The portfolio of three assets sold includes:
900 North Sixth Street in Blytheville, AR
904 West US 60 Business Highway in Dexter, MO
310 West Main Street in Malden, MO
Led by Alvin Mansour, The Mansour Group is a team of highly qualified investment professionals specializing in multi-tenant and net-lease investment sales, sale-leaseback transactions and portfolio dispositions nationwide.
The broker of record for the Arkansas location was Kevin Huchingson of Colliers International, while Marcus & Millichap's Matt Fitzgerald brokered for the Missouri locations.
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