ICA Realty

Walgreens plans to close about 600 drugstores as it completes a $4.38 billion deal to buy nearly 2,000 from rival Rite Aid.

Contrary to popular opinion, NNN leases are not risk free. What then are the top advantages of triple net leased investments? They provide a predictable stream of income because of the long-term leases and the operating expenses that are charged to the tenant. NNN leases also deliver relatively stress-free investments because of the low management obligations. On the other hand, triple net leases do have some built-in risks. Since most NNN lease investments are for single...-tenant properties tenant credit instability must be taken into account. Take the example of Starbucks, for instance. Few would dispute that Starbucks is very strong as a NNN lease investment. They are currently #131 in the Fortune 500, publicly traded and planning to add 12,000 stores globally for a total of 37,000 by 2021. Nonetheless, even a strong company can have a reversal of fortunes during the length of the lease and even file for bankruptcy. You can’t discount this as a risk. Then there is a risk in releasing. If the new owner of a NNN lease property does not have property management skills of his own nor an experienced team to take care of releasing for him, this may present significant tenant rollover risk. http://bit.ly/somerisk

Download acquisition criteria here: http://bit.ly/icaunder1M. Contact Jame Dwoskin at [email protected] or call (631)725-4300. All submissions will be kept confidential.

In hiring I.C.A., you are hiring James Dwoskin. He is a seasoned veteran experienced in the 1031 Exchange marketplace. In a larger shop often there is one "rainmaker" who drums up the bulk of the business for his office. The day to day handling of the marketing effort is passed off to less qualified untested novices. James Dwoskin will oversee and handle directly every aspect of the marketing process. http://bit.ly/2yRc40D

Property values have surged steadily higher in the prolonged recovery. But that high tide isn’t raising all boats as some metros are still falling short of 2007 pricing.