Cove Capital Acquires Walgreens Net Lease Asset in Johnson City, Tennessee
LOS ANGELES, March 10, 2021 (GLOBE NEWSWIRE) -- Cove Capital Investments, LLC (“Cove Capital”) and its affiliates are pleased to announce the acquisition of a Walgreens pharmacy net lease asset located in Johnson City, Tennessee (the “Property”).
Built in 2008, the Property is slated for one of Cove Capital’s popular Delaware Statutory Trusts (“DSTs”), which offers investors seeking to mitigate risk* the opportunity to easily invest and participate in 1031 exchange passive DST investments. Specifically, the Property will serve as one of what is now three foundational assets to Cove Capital’s latest investment offering: Cove Essential Net Lease 25 DST, a regulation D, Rule 506c private placement (the “Offering”).
The acquisition of the Property reinforces Cove Capital’s dedication to providing 1031 investors with an assortment of debt free net-leased DST offerings with what we believe to be strong and enduring tenants*. Cove Capital and its affiliates take pride in the acquisition of quality assets like the Property and look forward to utilizing the Property, and other properties like it, to serve the investment and 1031 exchange needs of many more high net worth investors to come.
For further information, please visit www.covecapitalinvestments.com or contact Cove Capital at (877) 899-1315 and via email at email@example.com.
*Diversification does not guarantee profits or protect against losses. Past performance is not a guarantee of future results. This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum paying special attention to the risk section prior to investing. This correspondence contains information that has been obtained from sources believed to be reliable. However, Cove Capital Investments, LLC does not guarantee the accuracy and validity of the information herein. Investors should perform their own investigations before considering any investment. IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation. This material is not intended as tax or legal advice. There are material risks associated with investing in real estate, Limited Liability Company owned (LLC) properties, LLC interests, Delaware Statutory Trust (DST) properties, and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and net lease properties, short term leases associated with net lease properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances. Nothing contained in this material, including in this disclosure or in any other disclosure in this message, constitutes tax, legal, insurance or investment advice, nor does it constitute a solicitation or an offer to buy or sell any security or other financial instrument. Securities offered through Growth Capital Services, member FINRA, SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.