Rumors are the Somerset DC could be closing 12/31/2027. Anyone else hear these rumors?
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@ee not usually how sale leaseback works… usually get locked into a very long term lease arrangement and that’s a condition of the sale… cvs doesn’t own the property for a vast majority of their stores
If the property is being sold but the warehouse is staying, what happens when the new owner decides to raise the rent?
The property is being sold but the warehouse is staying supposedly.