San Diego — The Mansour Group has arranged the sale of a portfolio of 10 Walgreens properties located in secondary and tertiary markets throughout the Mid-south in Arkansas Missouri, Oklahoma, Tennessee and Camden, N.J.
Mansour had the exclusive listing to market the properties on behalf of the seller, a private partnership. After generating more than three dozen offers, the portfolio sold to a private California 1031 exchange buyer who completed the sale of a multi-family property in San Francisco.
Walgreens operates one of the largest U.S. drug store chains based on sales. By itself, it accounts for about 19% of the retail prescription drug market in the United States. The company is also one of the largest operators of drugstores in the country on a unit basis, operating almost 8,400 locations in all 50 States, the District of Columbia, Puerto Rico, and Guam.
Walgreens has recently been acquiring a variety of local chain drug stores. USA Drug, Med-X, Duane Reade, Kerr Drug are among a few chains that are now being rebranded with the Walgreens name.