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Case Study:

Walgreens

Lake Elsinore, CA

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Structured sale through two escrows with simultaneous closing of land and building and obtained the lowest cap rate for a single-tenant drug store in the Inland Empire at time of sale.

The Hanley Investment Group Advantage

  • Procured All-Cash Southern California Based Private Investor
  • Structured Sale through Two Escrows with Simultaneous Closing of Land and Building
  • Sale of Land from Private Investor; Sale of Building from Walgreens
  • Lowest Cap Rate for a Single-Tenant Drug Store in the Inland Empire at Time of Sale

Sale Specifics

  • 13,678 Square Foot Freestanding Walgreens with Drive-Thru
  • Brand New 2011 Construction
  • 25-Year NNN Lease; 10% Increases Every 10 Years