Active §1031 Requirements
If you are considering selling your property, you may wish to review our list of active §1031 requirements. If you have a property which meets the requirements below, please send information about the property to us. To the extent possible, please provide a summary of key lease terms, tenant information, and your pricing expectations. For retail properties, please also include tenant sales data.
Active Client Requirements
| Desired Property Characteristics | Cap Rate |
Property Value |
|---|---|---|
| Newer Walgreens or CVS/pharmacy Buyer prefers properties located in NJ and FL (but will also consider locations close to these areas). Must have no environmental issues and be located in a market with at least 50,000 persons within 5-miles. Cap rate must be commensurate with location characteristics. |
7.5%+ | $4 mm to $6 mm |