LOS ANGELES, March 02, 2021 (GLOBE NEWSWIRE) — Cove Capital Investments, LLC (“Cove Capital”) and its affiliates are pleased to announce the acquisition of a CVS pharmacy in Muncie, Indiana (the “Property”).
With approximately 10,707 rentable square feet, the Property is part of a growing portfolio of debt free net-leased properties held in Cove Net Lease Income Fund 18, LLC, a regulation D, Rule 506c private placement, which offers high-net-worth investors the opportunity to easily invest and participate in a diversified* portfolio of net lease properties with long-term leases to high quality tenants. Through acquisition of assets like the Property, Cove Net Lease Income Fund 18 focuses on acquiring, owning, and actively managing income producing net lease industrial, medical and retail properties throughout the United States leased to corporations that performed well during the Great Financial Crisis (GFC) as well as during the COVID-19 pandemic*.
The acquisition of the Property reinforces Cove Capital’s dedication to providing investors exposure to an assortment of net-leased properties with what we believe to be strong and enduring tenants on an all-cash/debt-free basis. Cove Capital and its affiliates take pride in the acquisition of quality assets like the Property and look forward to purchasing similar debt free net lease properties for both its debt free net lease funds as well as debt free 1031 exchange Delaware Statutory Trust (DST) programs.