Syndicated Equities recently completed its acquisition of a single-tenant, triple net leased Walgreens in Huntsville, Alabama.
(Chicago, October 2021) The property consists of an approximately 14,280 square foot single-story building 100% leased to Walgreen Co. (NASDAQ: WBA). Walgreens was founded in 1901 in Chicago, Illinois, and is one of the largest drugstore retail chains in the nation, serving approximately 8 million customers in stores and online each day.
Syndicated Equities acquired the property outright and structured the acquisition to accommodate investors completing tax-deferred 1031 exchanges along with accredited cash investors. The structure of the investment is a Delaware Statutory Trust and financing was provided by Ameris Bank.
Syndicated Equities provides individuals with institutional quality, commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $4 billion of total asset value.
For more information please call (312) 640-9020