The pharmacy-focused net lease practice of Fortis Capital Solutions.
VP Advisory Services, Fortis Capital Solutions
Peter is backed by the full resources of the Fortis Capital Solutions net lease platform — a senior team with decades of combined experience and billions in closed transactions.
With over twenty years of experience in commercial real estate investment sales, Peter Wenzler has personally brokered over $1 billion in investment real estate transactions across 31 states and the District of Columbia. He leads Essential Net Lease — the pharmacy-focused net lease brokerage practice within Fortis Capital Solutions — specializing exclusively in the disposition and acquisition of Walgreens, CVS, and Rite Aid properties nationwide.
Peter has an excellent track record of fully satisfying the requirements of his clients' many 1031 and 1033 tax-deferred exchange transactions. He specializes in advising developers, institutions, and private investors in the disposition and acquisition of single-tenant net-leased retail and industrial properties, with a primary emphasis on pharmacy assets. Peter also has significant background in the brokerage of multi-family apartment and medical office properties.
In the pharmacy net lease sector, deep specialization matters. Understanding the nuances between absolute net and double-net pharmacy leases, evaluating store-level performance metrics, assessing the impact of lease maturity on cap rates, and knowing how pharmacy reimbursement trends affect long-term property value — these are the details that separate a knowledgeable pharmacy broker from a generalist. Peter brings this level of expertise to every engagement.
Pharmacy properties are among the most actively traded assets in the net lease market — and among the most complex to value accurately. Lease structures vary significantly between Walgreens and CVS. Renewal option language, corporate guarantee provisions, and the distinction between original leases and assumed leases from acquisitions (such as Walgreens' purchase of Rite Aid locations) all impact property value. Essential Net Lease was built around this specialization because pharmacy investors deserve an advisor who understands these nuances inside and out.
As part of Fortis Capital Solutions, Peter operates within one of the most productive net lease brokerage platforms in the country. With access to a proprietary database of over 177,000 verified buyers, Peter ensures that every pharmacy property receives maximum institutional-quality market exposure. The firm's leadership team has collectively closed over $9 billion in commercial real estate transactions across 46 states, giving clients unmatched confidence in execution.
Peter is a graduate of the Richard T. Farmer School of Business Administration at Miami University, where he earned Bachelor of Science degrees in both Finance and Economics. His career achievements include multiple national sales awards and consistent recognition as a top-performing net lease advisor.
In his spare time, Peter enjoys competitive sailboat racing, boating, skiing, and spending quality time with family and friends.