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 for $5,208,697 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.