Cove Capital acquires the net rental assets of Walgreens 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 rental 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 (“DST”), which offers risk-mitigating investors * the ability to invest and participate easily in 1,031 DST investments liabilities on the stock market. Specifically, the property will be one of three core assets in Cove Capital’s latest investment offering: Cove Essential Net Lease 25 DST, a regulated private placement D, Rule 506c (the “Offer”).
The acquisition of the property reinforces Cove Capital’s commitment to providing 1,031 investors with an assortment of net debt-free leased DST offerings with what we believe to be strong and sustainable tenants *. Cove Capital and its affiliates take pride in acquiring quality assets like property and look forward to using property and other similar properties to meet the investment and trading needs of many other high net worth investors. future.
* Diversification does not guarantee profits or protect against losses. Past performance is no guarantee of future results. This document does not constitute an offer to sell or a solicitation of an offer to buy securities. Such offers can only be made through the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum, paying particular attention to the section on risks before 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 or validity of the information contained in this document. Investors should make their own inquiries 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 more details regarding your situation. This material is not intended as tax or legal advice. There are significant risks associated with investing in real estate, properties owned by a Limited Liability Company (LLC), LLC interests, Delaware Statutory Trust (DST) properties, and real estate titles, including l ‘illiquidity, tenant vacancies, general market conditions and competition, lack of history, interest rate risks, risk of a new offer entering the market and easing of rental rates, general risks associated with owning / operating commercial properties and net leases, short term leases associated with net rental properties, financing risks, potential adverse tax consequences, risks, development risks and long periods of detention. There is a risk of losing all of the invested capital. Past performance is no guarantee of future results. Potential cash flows, potential returns and potential appreciation are not guaranteed. In order for an investor to be eligible for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances. Nothing in this document, including this or any other disclosure in this post, constitutes tax, legal, insurance or investment advice, or a solicitation or offer to buy or sell any security. or other financial instrument. Securities offered by Growth Capital Services, member of FINRA, SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.