Search results
Results from the WOW.Com Content Network
Agree Realty is a very well-run net lease REIT (a net lease requires the tenant to pay for most property-level operating costs). ... As an example, it has long been shifting away from Walgreens, a ...
What is a net lease REIT? Net lease real estate investment trust (REIT) Agree Realty (NYSE: ADC) has a 4.1% dividend yield. ... Agree has been selling Walgreens Boots Alliance properties while ...
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. [4] Its first acquisition was a Taco Bell restaurant in early 1970. [4]The company used cash to purchase land needed for stores that required real estate to run, and then leased the property to the stores long term.
The name "NNN" refers to the real estate term "triple net lease" under which a commercial tenant is responsible for all its operating costs. This may include property taxes, building repairs ...
In 1993, the company split from Golden Corral, and changed its name to Commercial Net Lease Realty. [2] The company also moved its listing to the New York Stock Exchange. [4] On January 1, 1998, the company merged with its former external adviser, CNL Realty Advisor Inc., and became a self-advised, self-managed REIT. [5]
(Reuters) -Walgreens Boots Alliance is in talks to sell itself to private equity firm Sycamore Partners, according to a person familiar with the matter, the latest attempt by the pharmacy chain ...
A Walgreens in Little Egg Harbor, New Jersey, which opened in 2006. In June 2008, after Walgreens was sued for drug fraud—"switching dosage forms on three medications without doctor approvals in order to boost profits"—it agreed to stop these actions and pay $35 million to the federal government, 42 states, and the Commonwealth of Puerto Rico.