Pharma Property Group (PPG) has sold a Walgreens located in Townsend, Delaware. Pharma Property Group was the listing broker and also represented the buyer in this transaction.
The Walgreens Store, which had previously been a Happy Harrys, has approximately 9 years remaining on the initial term of the lease. “Seller was looking to sell his current Walgreens location and exchange into a property with more term, while the buyer was looking for a location close to their home and other investments in Delaware,” said Nick Price, Senior Vice President at Pharma Property Group.
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