Pharma Property Group Closes a 24 Year Leased CVS with Rental Increases
Pharma Property Group recently closed CVS Pharmacy built in 2015 just outside of Mobile Alabama, in Saraland. This asset had 24 years remaining on the initial lease with increases in both year 10 and during the option periods.
“PPG was able to help our client find a property which exceeded the buyers expectations for an exchange, most importantly a newly built store with increases at the best possible price,” explains Nick Price, Senior Vice President at Pharma Property Group.
For more information regarding Pharma Property Group visit www.pharmapropertygroup.com or contact Nick Price, Senior Vice President at (619) 534-1000
Pharma Property Group is a specialized national commercial real estate brokerage firm providing investment services for drugstore landlords who own Walgreens, CVS and Rite Aid properties throughout the nation.
Pharma Property Group
5328 Banks Street Suite B
San Diego, CA 92110
Office: (619) 297-0055