American Realty Capital Trust III reports acquisition of five Dollar General stores and two Walgreens pharmacies.
M2 EQUITYBITES-November 30, 2011-American Realty Capital Trust III reports acquisition of five Dollar General stores and two Walgreens pharmacies(C)2011 M2 COMMUNICATIONS http://www.m2.com
Real estate investment trust American Realty Capital Trust III Inc has completed the acquisition of five freestanding, single-storey Dollar General stores for a total of approximately USD4.5m, the company stated on Tuesday.
Additionally, the company has acquired two Walgreens drug stores for approximately USD13.1m.
The properties are 100% leased to seven tenants and these acquisitions increase the total size of the company's portfolio to USD51.4m.
The five Dollar General stores are located in Licking, King City, Stanberry, Conway and Auxvasse in Missouri, while the Walgreens pharmacies are in New Jersey and Michigan.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Nov 30, 2011|
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