3 Properties Press Release

3 Properties closes sale of Cocoa, FL Walgreens

Tampa, FL – 3 Properties announces the September 12, 2019 sale of an approximately 15,000-square-foot, single tenant Walgreens (NASDAQ: WBA) in Cocoa, Florida for approximately $4.5 million.

Walgreens is the second-largest U.S. pharmacy chain and has a “BBB” credit rating which is deemed to be “investment-grade” by the credit rating agencies. The transaction was funded in part with debt from American Momentum Bank.

3 Properties

3 Properties is a forward-thinking net lease investment company that offers brokerage, consulting, and asset management. Learn more at 3-properties.com.

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