CHICAGO—As reported in, investors have come to see drug stores as one of the most attractive net lease investments. The cap rates for the top brands have hit historic lows, and no brand has more appeal than Walgreens.

Colliers International, for example, has just completed the $6.68 million sale of the 14,660-square-foot Walgreens property located at 3153 W. Irving Park Rd. in Chicago. Justin Kaufmann, senior associate with Colliers’ Chicago-based Investment Services Group, along with Brad Teitelbaum, formerly of Colliers and currently with Baum Realty Group, handled the transaction. Kaufmann and Teitelbaum represented both the seller, a local partnership, and the buyer, a California-based equity fund.

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