Net leased Press releases
Net Leased CVS Pharmacy in Largo, FL.
NAI Capital’s Mel Moss & Dan Spell Closes
$4,120,000.00 Net leased to CVS Pharmacy in Largo, FL.
LARGO, FL – NAI Capital’s, Mel Moss, Senior Vice
President and Dan Spell, Senior Vice President with NAI Capital’s West Los
Angeles office represented Voyage-Largo, LLC in the purchase of a net leased
CVS Pharmacy located in Largo, FL. The value of transaction was $4,120,000.00.
“Dan and I represented this investor in the purchase
of two net leased drug store properties in the last three months which
indicates to us that there is a demand for quality net leased properties.” said
Mel Moss, Senior Vice President.
Both deals were unique opportunities for the client
with the first transaction, Walgreens, offering stellar demographics with a cap
rate over 8.2 and the second transaction, CVS Pharmacy, offering a great
location and rental increases.
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