Louisiana Walgreens Sells For $2.7 Million

Carencro, Louisiana – Net Lease Developers, LLC announces the sale of its Walgreens drugstore at the corner of West Gloria Switch Road and North University Boulevard in Carencro, Louisiana. A New Orleans based private investor acquired the leasehold interest for $2.7 million in a 1031 Exchange.

Net Lease Developers, LLC is a full-service commercial real estate company specializing in development, leasing and retail tenant representation. Together with its affiliate, COMVEST Properties, LLC, Net Lease Developers are active developers of shopping centers and single tenant net leased properties in Louisiana, Mississippi, Alabama and the Florida Panhandle. For more information about this project and COMVEST Properties visitwww.comvest.net.