RichUncles.com Announces Acquisition of Walgreens Drugstore (GA) & Accredo Health Group/Express Scripts (FL), Totaling $17 Million as Part of Billion Dollar Rich Uncles NNN REIT Throughout the U.S.
Costa Mesa, CA, July 28, 2016 (Newswire.com) - Rich Uncles NNN REIT, a Real Estate Investment Trust authorized to raise $1 billion to purchase single-tenant, triple-net leased properties nationwide, announced the completion of $17,000,000 in commercial real estate purchases in Georgia & Florida. The commercial properties included Walgreens Drugstore in Stockbridge, GA (approximately 15,120 sq. ft.) and Accredo Health Group / Express Scripts in Orlando, FL (approximately 63,000 sq. ft.).
“These two investment grade tenants constitute a great launch of our Rich Uncles NNN REIT” stated CEO Harold Hofer. “Over $1.2 million in annualized net rental income is generated by these leases”.
Founded by Ray Wirta, Chairman of the Board of CBRE Group, Inc., RichUncles.com is the realization of his long-held vision of democratizing commercial real estate ownership - delivering Wall Street deals to Main Street investors. RichUncles.com is a technology-enabled platform that allows investors the opportunity to participate in large-scale real estate ownership investing $500 to millions.
About RichUncles.com – Rich Uncles was founded for a single purpose – to make real estate investment easier and less expensive for the investor. Rich Uncles has created an on-line distribution channel for the sale of non-exchange listed public REITs that eliminates payment of 10% commissions to financial planner intermediaries. This new distribution channel embraces the large-scale reach of the internet, and the ease of access to and transparency of information contained over the internet.
The $1Billion offering of Rich Uncles common stock is only approved in the following States at this time: CA, CO, CT, GA, HI, ID, IL, IN, KY, LA, NH, NV, NY, SD, TX, UT, VT, WI, WY. We are continuing to seek the approval of other States and will post a list of those states on our website www.richuncles.com when approved.
Company executives include Ray Wirta, Chairman of the Board, who is also the current Chairman and former CEO of CBRE, and Harold Hofer, CEO and Director. The company's president is Howard Makler.
Follow RichUncles.com on Social Media at Facebook/Twitter/LinkedIn: @RichUncles
3080 Bristol Street, Suite 550, Costa Mesa, CA 92626. Office: 855-RichUncles www.richuncles.com
Rich Uncles NNN REIT, Inc. has filed a registration statement (including prospectus) with the US Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should carefully read the prospectus in the registration statement and the other documents Rich Uncles NNN REIT has filed with the SEC for more complete information about Rich Uncles and the securities offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, Rich Uncles will arrange to send you the prospectus if you request it by calling toll free (855-RichUncles) or email at prospectus@RichUncles.com, or by clicking the attached hyperlink: RichUncles.com/prospectus/nnn
Source: RichUncles.com
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