Tag: pharmacy

Rite-Aid on its Own: What it Means for Real Estate Investors

GlobeSt.com

In February 2018, Albertsons Companies announced that it would acquire the Rite Aid Corporation. The plan was for Albertsons’ to acquire all of the locations not included in Walgreens’ purchase of 2,186 stores. This would have added approximately 2,400 pharmacies to Albertsons, which then wanted to rebrand its other pharmacies to the Rite Aid name.…

Amanda WillisRite-Aid on its Own: What it Means for Real Estate Investors

A Sector-by-Sector Look At Net Lease Cap Rates

GlobeSt.com

For the first half of this year, the average cap rate rose in nine out of the 11 net lease subsectors compared to the same period last year, according to the Calkain Cos.’ Semi-Annual Net Lease Report.…

Amanda WillisA Sector-by-Sector Look At Net Lease Cap Rates

Net Lease Report – Pharmacy Sector

The pharmacy sector has tracked closely with the Single Tenant Net Lease (STNL) average. Pharmacies have typically been considered steady investment properties. The medicine they sell keep customers coming back to refill prescriptions. Recently, Rite Aid has been struggling, Walgreens has been expanding, and CVS started the process to acquire Aetna.

TAGS: PHARMACY
Albina SuNet Lease Report – Pharmacy Sector

What Will The Failed Rite Aid-Walgreens Merger Mean To Net Lease Investors?

GlobeSt.com

Walgreens had entered into an agreement to acquire Rite aid in October 2015. The agreement was stalled while both companies waited for approval from the Federal Trade Commission (FTC). In December 2016, divestiture of many Rite Aid locations to Fred’s, Inc was announced. This was intended as an appeasement in order to get the FTC’s approval.

Walgreens and Rite Aid made the decision to scrap the merger after receiving feedback from the FTC leading them to believe the merger was not going to be approved. They have announced a new agreement, Walgreens will purchase 2,186 stores, three distribution centers, and …

Traci BidingerWhat Will The Failed Rite Aid-Walgreens Merger Mean To Net Lease Investors?