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