CHICAGO—As reported in, even though many types of single tenant net leased properties have attracted interest from investors, sending cap rates on a long-term plunge, name brand drug stores, especially Walgreens, draw more attention. The Boulder Group, a net leased investment brokerage firm in suburban Chicago, for example, has completed the sale of a single tenant triple net leased Walgreens property located at the southeast corner of West 95th St. and South Pulaski Rd. in Evergreen Park, Illinois for $10,833,333.

According to Real Capital Analytics, this property sale ranks in the Top 5 of lowest cap rates ever recorded for a Walgreens property priced over $5 million. This is the second transaction ranked in the Top 5 that the Boulder Group has sold in the past four months, company officials say.

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