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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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