Cove Capital Phoenix Pharmacy DST
|Asset Class:||Single Tenant Retail|
|Leverage:||0% – All-Cash/Debt-Free|
|Offering Type:||Delaware Statutory Trust (DST)|
|1031 Exchange Qualified:||Yes|
All-Cash/Debt-Free Offering. 100% leased by Walgreens, absolute NNN lease. Located on a signalized hard corner
Walgreens is one of the largest retail pharmacy, health and daily living destination across the US and Europe. Long-term lease until June 2028 with ten 5-year renewal options. Located in a densely populated trade area.
The greater Phoenix area’s sunny climate, vibrant lifestyle and prospering business community attract thousands of visitors, new residents and entrepreneurs annually. The city offers proximity to major population centers in the Southwest including Los Angeles, San Diego and Las Vegas, as well as strategic placement along the Mexico/NAFTA corridor, which provides direct access to international trade and business opportunities.
- Single Tenant, Net Lease Pharmacy
- One building covering 14,560 RSF on 1.79 acres
- 100% guaranteed lease by Walgreens
- Leased until June 2018 with ten 5-year renewal options
- Located on corner with combined traffic count of 48,354 cars per day
- Surrounded by densely populated trade area, 210,000 residents over 5 miles
Source: Brochure, PPM
The market information provided above may not predict the future performance of the property.
*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.