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Tractor Supply Co.
FloridaInvestment salesNet leaseNews

CrownPoint Brokers $7.4 Million Sale of Single-Tenant Retail Property in Melbourne, Florida

by Abby Cox

Melbourne, Fla. — CrownPoint Partners has brokered the $7.4 million sale of a newly constructed, 22,686-square-foot single-tenant retail property in Melbourne. Tractor Supply Co. occupies the building — which was built in 2022 — and features an expanded lawn and garden center, as well as an on-site pet wash station. The property is net leased, with more than 13 years remaining on the corporate-guaranteed lease. Julius Swolsky and Shannon Bona of CrownPoint Partners represented both the seller, developer Primax Properties LLC, and the buyer, Nice Realty South LLC, in the …

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"Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead" panel
A&G Real Estate PartnersContent PartnersDevelopmentEconomic DevelopmentFeaturesFinanceIndustry ContentInvestment salesLeasingMallsMarketingMixed-useNet leaseOperationsRestaurantsRetailersVideosWebinar

Webinar: Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead

by Sarah Daniels

The March 14 Shopping Center Business webinar “Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead” covered the state of a retail industry that is both “frenetic and cautious,” in the words of Dana Telsey of Telsey Advisory Group. Tune in to the six-minute mark of the on-demand webinar for Dana’s impressive summary of the latest news in retail. Panelists covered key insights into the evolving retail landscape, including the trends for bankruptcies and liquidations in 2024 and whether those trajectories are likely to continue into 2025. Economic …

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Walgreens
GeorgiaInvestment salesNet leaseNews

Marcus & Millichap Arranges Sale, Financing of Walgreens Property in Lawrenceville, Georgia

by Abby Cox

Lawrenceville, Ga. — Marcus & Millichap has arranged the sale and financing of a Walgreens property in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Built in 2004, Walgreens is situated on 1.2 acres. The property is net leased with under 10 years remaining on a corporate-guaranteed, absolute net lease with options to renew.  Luke Lamoreaux of Marcus & Millichap Capital Corp. (MMCC), a subsidiary of Marcus & Millichap, secured acquisition financing for the property. Ashish Vakhariya, Darin Gross and Seth Haron of Marcus & Millichap’s Detroit office marketed the property …

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Starbucks Coffee and Dental Care on 7
Investment salesMissouriNet leaseNews

Hanley Brokers Sale of Two Single-Tenant Retail Properties in Blue Springs, Missouri

by Abby Cox

Blue Springs, Mo. — Hanley Investment Group Real Estate Advisors has brokered the sale of two newly constructed, single-tenant retail properties located in Blue Springs, roughly 19 miles southeast of downtown Kansas City. The adjacent properties — which are occupied by Dental Care on 7 and Starbucks Coffee — were sold for more than $5 million to two separate buyers. The transactions had a blended cap rate in the low 6 percent range. Situated on a 0.96-acre parcel, Dental Care on 7 totals 4,200 square feet. Jeff Lefko and Bill …

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IllinoisNet leaseNews

JLL Arranges Sale-Leaseback of 165 Retail Bank Branches for $467 Million

by Abby Cox

Chicago — JLL Capital Markets has arranged the sale-leaseback of 165 SouthState retail bank branches for $467 million. The portfolio spans roughly 1.2 million square feet across six states — Alabama, Georgia, Florida, North Carolina, South Carolina and Virginia — and will operate on a 15-year, triple-net lease basis with annual rent increases of two percent. SouthState will continue to operate branches at each of the locations with no changes to its products or service offerings. Alex Sharrin, Coler Yoakam, Brian Shanfeld, Jeffrey Cicurel, Josh Katlin, Michael Roberts, Josh Hirsch and Andrew …

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Taco Bell and Aroma Joe's
Investment salesNet leaseNew HampshireNews

Hanley Arranges $1.8 Million Sale of Two Single-Tenant Properties in Manchester, New Hampshire

by Abby Cox

Manchester, N.H. — Hanley Investment Group Real Estate Advisors has arranged the $1.8 million sale of two newly-constructed single-tenant retail properties in Manchester. Located at 525 and 527 Hooksett Road, the buildings are situated on a 1.2-acre parcel and include a 3,450-square-foot Taco Bell and 807-square-foot Aroma Joe’s coffee shop. Both are occupied on a triple-net-lease basis. Hanley’s Jeff Lefko and Bill Asher, in association with ParaSell Inc., represented the Florida-based private buyer in the all-cash, off-market transaction. The seller was a Burlington, Massachusetts-based private investor.

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Walgreens-Indiana
IndianaInvestment salesNet leaseNews

Marcus & Millichap Brokers $2.4 Million Sale of Walgreens-Occupied Property in Bluffton, Indiana

by Hayden Spiess

Bluffton, Ind. — Marcus & Millichap has brokered the $2.4 million sale of a single-tenant retail property in Bluffton, roughly 25 miles south of Fort Wayne. Built in 2023, the building is occupied by Walgreens, with approximately 4.5 years remaining on the triple-net lease. Jordan Klink and David Klink of Marcus & Millichap represented the seller, Eureka Limited Co., and procured the buyer, Valuecom22 LLC, in the transaction.

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Taco-Bell_San-Bernardino-Calif
CaliforniaInvestment salesNet leaseNews

Progressive Arranges $7 Million Sale of Single-Tenant Retail Portfolio in San Bernardino, California

by Hayden Spiess

San Bernardino, Calif. — Progressive Real Estate Partners has arranged the $7 million sale of a portfolio comprising four single-tenant retail properties located in San Bernardino. Situated adjacent to each other, the properties are net leased to tenants including IHOP, Wienerschnitzel, Taco Bell and 76 Gas Station. The sale also included an additional 1.5 acres of land available for future development. Lance Mordachini and Trinnie Lee of Progressive represented the seller in the transaction.  Kevin Kwan of Realiv represented the buyer. 

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Sentry-Foods_Milwaukee
Investment salesNet leaseNewsWisconsin

Marcus & Millichap Brokers Sale of 25,154-Square-Foot Single-Tenant Property in Milwaukee

by Hayden Spiess

Milwaukee — Marcus & Millichap has brokered the sale of a 25,154-square-foot single-tenant retail property in Milwaukee. Sentry Foods occupies the building, which was originally constructed in 1960, on an absolute net lease. Ben Kohl and Mitchell Kiven of Marcus & Millichap represented the seller in the transaction. Todd Lindblom assisted in closing the sale as the firm’s broker of record in Wisconsin. 

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Quick-Quack-Car-Wash_Yucca-Valley-Calif
CaliforniaInvestment salesNet leaseNews

Hanley Brokers $2 Million Sale of Single-Tenant Retail Property in Southern California

by Hayden Spiess

Yucca Valley, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $2 million sale of a single-tenant retail property located in Yucca Valley. Built in 2023, the property totals 3,596 square feet. Quick Quack Car Wash occupies the property, which is situated within a Stater Bros-anchored shopping center, on a triple-net ground lease. Bill Asher and Jeff Lefko of Hanley represented the seller, a California-based private partnership, in the transaction. The team also represented the buyer, a Pennsylvania-based private investor. According to Asher, the buyer owns a portfolio of …

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