Written by Drew Olson, Associate, Barr & Bennett Net Leased Investments Group The Retail Pharmacy sector has been a safe and solid investment for investors and 1031 exchange buyers for many years. The two companies dominating the retail pharmacy investments are Walgreens (NYSE: WBA) and CVS Pharmacy (NYSE: CVS). Walgreens and CVS … [Read more...]
Grocery retailer Albertsons to buy drugstore chain Rite Aid
Posted on Newsday.com | February 20, 2018 Written by Tory N. Parrish View Original Article Here The owner of Safeway and other grocery brands is buying the drugstore chain Rite Aid as retailers continue to plunge deeper into health care and adjust to swiftly changing shopping habits. Albertsons … [Read more...]
Walgreens to shutter 600 stores
Article Posted on DrugStoreNews.com | October 25, 2017 View Original Article Here Walgreens to shutter 600 stores by next spring as part of Rite Aid purchase DEERFIELD, Ill. — Walgreens Boots Alliance expects to shutter about 600 stores in the wake of its purchase of 1,932 stores from rival Rite … [Read more...]
Walgreens Secures Regulatory Clearance to Purchase 1900 Rite Aid Stores
Article Originally Posted on Walgreens.com | September 19, 2017 View Article Here DEERFIELD, Ill., 19 September 2017 - Walgreens Boots Alliance, Inc. (Nasdaq: WBA) announced today that it has secured regulatory clearance for an amended and restated asset purchase agreement to purchase 1,932 stores, three … [Read more...]
Walgreens, Rite Aid Call Off Merger, Forge Acquisition Deal
Published on GlobeSt.com | June 29, 2017 Written by Paul Bubny View Original Article Here Nearly 2,200 Rite Aid locations will make the transition to the Walgreens brand, with the stores coming into the Walgreens Boots Alliance fold on a phased basis. DEERFIELD, IL—Walgreens Boots Alliance Inc. and Rite Aid … [Read more...]
Walgreens, Rite Aid Forced to Amend Their Merger as New Administration Takes Over
Posted on Costar.com | January 30, 2017 By Mark Heschmeyer | View Original Article Here Not having their hopes fulfilled that their $17.2 billion merger would win approval before President Obama left office, Walgreens Boots Alliance Inc. (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) extended their agreement to give new … [Read more...]
Rite Aid Buy Makes Ripples in NNN Market
Posted 11/3/2015 | GlobeSt.com By Brian J. Rogal View Original Article Here CHICAGO—The recent decision by Walgreens to buy Rite Aid for more than $9.4 billion in cash will set off ripples in the market for triple net lease properties. Drug stores like these are among the most popular options for investors, but the uncertainty … [Read more...]
Walgreens Likely To Go on Real Estate Diet if Deal for Rite Aid Wins Approval
Published on Costar.com | October 28, 2015 Written by Mark Heschmeyer View Original Article Here Rite Aid Accepts $17.2 Billion Buyout Offer from Walgreens Boots Alliance, Execs See $1 Billion in Cost Savings The newly announced merger agreement between Walgreens Boots Alliance Inc. and Rite Aid Corp. has the potential … [Read more...]
Barr & Bennett Net Leased Investment Group Sells Rite Aid at Market Low 5.48% Cap
BOSTON, MA— September 3, 2015—Carpe Diem Management, LLC has purchased a single tenant building, occupied by Rite-Aid Pharmacy for $5,000,000. The building sale, located at 1329 Hyde Park Avenue in Boston, Massachusetts, had 13 years remaining on its original 20-year absolute triple net (NNN) lease with Rite-Aid at the time of the … [Read more...]
Can Rite Aid’s Stock Go Higher?
Posted April 24th, 2015 | Trefis Team View Original Article Just about three months into 2015, the healthcare industry has already seen a lot of action this year. Be it mergers between leading healthcare enterprises, such as Walgreens’ acquisition of Alliance Boots(NASDAQ:WBA) and UnitedHealth’s acquisition of Catamaran (NYSE:UNH), or a … [Read more...]
