Los Angeles-based NAS Investment Solutions (NASIS) has acquired a Class-A, 14,833-square-foot Walgreens in Burbank, IL for an undisclosed sum. NASIS says the acquisition creates an opportunity for 1031 exchange investors who are in immediate need of a quality replacement property and is also suitable for self-directed IRAs.
“This investment property is a great opportunity to purchase fractional interest in a prime, recession-resistant asset with dependable, predictable cash flow that is non-correlated to Wall Street performance,” said Karen E. Kennedy, president and founder of NASIS.
Built in 2013, this location features a pharmacy drive-thru window. The property is situated in a densely populated area at a signalized intersection with an estimated daily traffic count of 50,000 cars.
The property has 62 parking spaces on a total lot size of 54,866 square feet. Walgreens Boots Alliance has corporately guaranteed a 17+ year, absolute NNN lease.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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