B+E Special Situations team sells Ohio Walgreens property for $4.8M

B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of the sublet Walgreens property in Mansfield, Ohio for $4,825,000.

This Walgreens asset has approximately 9 years remaining on a triple-net (NNN) lease. Family Dollar, a subsidiary of the Fortune 200 company Dollar Tree, began subletting the space in August 2021.

“We generated multiple offers on the property, allowing the seller to be selective and close with a highly qualified buyer,” said Tim Taylor, Senior Director and Head of Special Situations at B+E. “The sale price was at 98.5% of the original ask price, ultimately a great outcome for the seller.”

The B+E Special Situations team focuses on the sale of vacant, underutilized or otherwise impaired single tenant commercial real estate and related debt. For more information on value-add net lease opportunities, contact Tim Taylor at ttaylor@tradenetlease.com or visit www.tradenetlease.com.

About B+E 

B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform consisting of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.

Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value.  With offices in New York City, Chicago, Atlanta, Tampa, Charlotte, Orange County,  San Francisco, and Dallas, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.