Pharma Property Group Tops $260 Million in Existing Walgreens/CVS Listing Inventory

Press Release

Pharma Property Group (PPG), the nation’s leading drugstore brokerage firm, is proud to announce that it currently has approximately $260 million in Walgreens and CVS properties either listed or under contract nationwide.

 

With this substantial volume, PPG has positioned itself as one of the leading, if not the leading brokerage teams in the single-tenant drugstore sector in terms of volume. The firm’s reputation as a trusted and specialized advisor has made its listings a go-to source for 1031 exchange buyers, private investors, and institutional capital seeking stable, higher-yielding net-leased assets.

 

“Many of our transactions originate from inbound calls and inquiries from buyers and brokers specifically looking for Walgreens or CVS assets.  Thanks to our extensive listing volume, when a specific property isn’t available or doesn’t meet a buyer’s criteria, we’re able to seamlessly redirect them to other drugstore assets in our inventory that better align with their investment goals,” said Jason Pongsrikul, Managing Principal at Pharma Property Group.

 

“This isn’t a market where Walgreens and CVS assets are flying off the shelves.  Our expertise in this space and significant inventory sets us apart from other brokerage firms and allows us to consistently source motivated buyers and guide them to the right opportunities.  Many buyers in today’s market are repeat investors who already own Walgreens or CVS properties and remain confident in the tenants’ long-term creditworthiness and lease stability. With yields often outperforming comparable net-leased investments, drugstore properties remain attractive for those seeking both security and return,” explained Chris Barry, Partner at Pharma Property Group.

 

                                                           

 

Pharma Property Group (PPG) is a premier commercial real estate firm specializing exclusively in properties leased to national drugstore chains, including Walgreens and CVS. With a proven track record of success, evidenced by over $2.5 billion in closed transactions and over $5 billion in drugstores underwritten, PPG offers landlords unparalleled market intelligence and access to the industry’s most extensive network of drugstore property owners. Our unique and comprehensive marketing platform ensures access to the largest pool of drugstore buyers and sellers in the nation.

Jason Pongsrikul, Managing Principal

Pharma Property Group
1979 Chicago Street
San Diego, CA 92110
www.pharma.ocwstaging.com
Office: (858) 860-6591