Charlotte Pharmacy Press Release

Los Angeles, CA and Charlotte, NC

Kay Properties and Investments, LLC has successfully completed a $5,436,250 equity raise for the Charlotte Pharmacy DST.

The Charlotte Pharmacy DST is an all-cash/debt-free DST investment that owns a 100% occupied Walgreens Pharmacy located in Charlotte, NC. The property enjoys a long-term net lease with a Walgreens corporate guarantee as well as the property is located on a signalized intersection with a combined traffic count of 41,000 vehicles per day.*

The Regulation D Rule 506c offering was made available to high net worth accredited investors nationwide that were in 1031 exchanges as well as those seeking to make a cash investment in an all-cash/debt-free real estate investment.

*Source: CBRE Offering Memorandum[/cs_text]

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*(Accredited investors are defined under SEC Rule 506 of Regulation D. Generally, an investor is deemed accredited if their net worth is greater than $1,000,000 exclusive of their primary residence and/or their annual income exceeds $200,000 for the current and past two years. View this applicable SEC bulletin).
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