Thomas Company is pleased to announce the sale of two CVS zero-cash-flow portfolio transactions, sold to the same purchaser. The first transaction included 7 triple net lease properties, totaling +/- 93,400 SF, and closed in April 2020. The second transaction included 6 triple net lease properties, totaling +/- 75,000 SF, and closed in May 2020. Each of the assets has a 25-year lease and in-place assumable mortgage that fully amortizes coterminously with the lease. Each of the leases are structured as bondable triple-net (NNN), with no landlord responsibilities whatsoever. The purchaser was a real estate developer who was attracted to the unique tax benefits of the investment structure and the passive losses generated by the investments.