106 Wilmot Road, Deerfield, IL 60015, USA

Cell At Auction LLC announces that it has been retained by Walgreen Co. to offer for sale 54 Telecommunication Site License Agreements throughout the United Sates.  Walgreen Co. has determined that these assets, while generating a significant amount of recurring revenue are non-core assets and would be best owned and managed by a national company better positioned to enhance the valuation of these sites.  Many of these license agreements have or will soon be expired and require experienced and on-going management.   Several rents may be perceived to be at under market rents which present a new buyer the opportunity to negotiate new long-term higher rents.   The portfolio is currently generating in excess of $317,000 in annual revenue.

Licensed site tenants include Verizon, T-Mobile, AT&T, Dish, Boingo, Towerco, Crown Castle, and Vertical Bridge.   Information including access of all the license agreements can be found at Cellatauction.com after executing an NDA.   Bids are due in the format of an executable Letter of Intent by April 9, 2025.