B+E sells Midfield, Alabama Walgreens property for $5.75 million

Walgreens, Midfield, AL

NEW YORK, NY – B+E, the first brokerage and technology platform for net lease real estate, announced the sale of the Midfield, Alabama, Walgreens property for $5,757,385.

The seller is Jonna Realty Ventures and the buyer is Malhotra Enterprises, LLC.  The NNN property has a remaining lease term of 15 years.  

"This was a phenomenal exit for our client," said Spencer Henderson, a B+E advisor. “B+E is known for finding previously unknown, cross-country buyers.  However, this deal shows the power of our 1031 trade platform to also surface local interested buyers.”

Spencer Henderson

Located at 101 Bessemer Super Highway, the 13,400 square foot building is in a dense residential corridor with over 160,000 residents within a five mile radius and a short distance from downtown Birmingham. 

For more information, please contact Spencer Henderson at SHenderson@benetlease.com or go towww.benetlease.com.

  Contact:

John Vita

John Steven Vita Communications

John.vita@jsvcom.com

847/853-8283