Dwight Kay, Founder and Chay Lapin, Vice President of KPI Brokers help another 1031 exchange buyer acquire an Absolute NNN Leased Walgreens in Port Allen, Louisiana. The clients successful completion of the 1031 tax deferred exchange into a high quality, Absolute NNN Walgreens is another example of KPI Brokers ability to source and close both on and off market net lease real estate throughout the United States.
“The client was attracted to the new construction, long term Absolute NNN corporate backed Walgreens lease as well as the necessity based nature of the Walgreens business model allowing for potential performance through times of economic growth and difficulty. These factors combined with the demographic shift of more and more baby boomers entering retirement and an increased need for prescription drugs made for an attractive investment opportunity” stated Dwight Kay.
“The increase of insured individuals due to the passage of The Affordable Care Act should potentially bode very well for pharmacy chains such as Walgreens due to the increased demand for prescription drugs” stated Chay Lapin.
About KPI Brokers, Inc
KPI Brokers, Inc was founded by Dwight Kay and is based in Palos Verdes, CA with clients throughout the United States. The team at KPI Brokers helps 1031 exchange, 1033 exchange and high net worth investors acquire institutional quality Triple Net Leased (NNN) properties.