LOS ANGELES, March 10, 2021 (GLOBE NEWSWIRE) — Cove Capital Investments, LLC (“Cove Capital”) and its affiliates are pleased to announce the acquisition of a Walgreens pharmacy net lease asset located in Johnson City, Tennessee (the “Property”).
Built in 2008, the Property is slated for one of Cove Capital’s popular Delaware Statutory Trusts (“DSTs”), which offers investors seeking to mitigate risk* the opportunity to easily invest and participate in 1031 exchange passive DST investments. Specifically, the Property will serve as one of what is now three foundational assets to Cove Capital’s latest investment offering: Cove Essential Net Lease 25 DST, a regulation D, Rule 506c private placement (the “Offering”)
The acquisition of the Property reinforces Cove Capital’s dedication to providing 1031 investors with an assortment of debt free net-leased DST offerings with what we believe to be strong and enduring tenants*. Cove Capital and its affiliates take pride in the acquisition of quality assets like the Property and look forward to utilizing the Property, and other properties like it, to serve the investment and 1031 exchange needs of many more high net worth investors to come.