Net lease

Hanley Arranges $2.9 Million Sale of Single-Tenant Property in Corona, California

by Hayden Spiess April 5, 2023

Corona, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $2.9 million sale of a single-tenant retail property located in Corona. A Taco Bell Drive-Thru — operated by the tenant, Alvarado Restaurant Nation — occupies the 2,049-square-foot property on a triple-net-lease basis. Bill Asher and Jeff Lefko of Hanley represented the developer and seller, Evergreen Development, in the transaction. David Aschkenasy of Commercial Asset Group represented the 1031-exchange buyer, a locally based private investor.

April 5, 2023

Illinois Investment sales Net lease News

Hanley Brokers $3.7 Million Sale of Single-Tenant Retail Property in Metro Chicago

by Hayden Spiess April 3, 2023

Grayslake, Ill. — Hanley Investment Group Real Estate Advisors has brokered the $3.7 million sale of a single-tenant retail property located in Grayslake, roughly 50 miles northwest of Chicago. Kiddie Academy occupies the newly constructed, 9,492-square-foot building on a net-lease basis. Jeff Lefko and Bill Asher of Hanley represented the developer and seller, The Woodmont Co., in association with ParaSell Inc. Gordon Nielsen of Summit Commercial Real Estate represented the buyer, a Virginia-based private investor.

April 3, 2023

Florida Investment sales Net lease News

Marcus & Millichap Brokers $4.5 Million Sale of CVS-Leased Retail Property in Sarasota, Florida

by Hayden Spiess March 28, 2023

Sarasota, Fla. — Marcus & Millichap has brokered the $4.5 million sale of a 10,378-square-foot retail property located in Sarasota. CVS/pharmacy occupies the building on a net-lease basis. The property was built in 1999 on a 1.6-acre site. Joseph Prio, Alan Lipsky and Barry Wolfe of Marcus & Millichap arranged the sale on behalf of the seller, FFT Livingstone Investors Inc. An undisclosed private investor was the buyer.

March 28, 2023

California Investment sales Net lease News

Hanley Brokers $2.3 Million Sale of Single-Tenant Retail Property in Southern California

by Hayden Spiess March 22, 2023

Fontana, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $2.3 million sale of a single-tenant retail property located in Fontana. Dutch Bros Coffee occupies the newly constructed 871-square-foot property, which is situated within Highland Village Shopping Center, on a triple-net-lease basis. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley represented the seller, Adler Realty Investments, in the transaction. Jeremy McChesney of Hanley represented the buyer, a private investor.

March 22, 2023

Investment sales Net lease News Wisconsin

Marcus & Millichap Brokers $1.1 Million Sale-Leaseback of Jimmy John’s-Occupied Property in Wisconsin

by Hayden Spiess March 22, 2023

Sturgeon Bay, Wis. — Marcus & Millichap has arranged the $1.1 million sale-leaseback of a 1,650-square-foot property in Sturgeon Bay, a city in eastern Wisconsin. The single-tenant building is occupied by Jimmy John’s on a net-lease basis. Originally built in 1995, the property was reconfigured for Jimmy John’s in 2017. Damien Yoder and Madison Harman of Marcus & Millichap represented the seller, a private investor. Tom Gommels of Marcus & Millichap secured and represented the buyer, also a private investor. Todd Lindblom assisted in closing the transaction as the Wisconsin …

March 22, 2023

Florida Investment sales Net lease News

Hanley Arranges $5.9 Million Sale of Single-Tenant Retail Property in Metro Jacksonville

by Hayden Spiess March 16, 2023

St. Johns, Fla. — Hanley Investment Group Real Estate Advisors has arranged the $5.9 million sale of a single-tenant retail property located in St. Johns, roughly 30 miles southeast of Jacksonville. Built in 2021, the 10,395-square-foot building is net leased to childcare provider O2B Kids! Jeff Lefko, Bill Asher and Dylan Mallory of Hanley Investment Group, in association with ParaSell Inc., represented the seller, a private investor based in Port Orange, Florida. Raem Capital Advisors represented the buyer, a private investor from the New York City metropolitan area, in the …

March 16, 2023

Investment sales Net lease News Texas

SRS Real Estate Arranges $6.1 Million Sale of Retail Property in Fort Worth

by Hayden Spiess March 14, 2023

Fort Worth, Texas — SRS Real Estate Partners has arranged the $6.1 million sale of a 13,426-square-foot, single-tenant retail building in Fort Worth that is net leased to CVS/pharmacy. The property was built on 2.3 acres in 2020. Matt McNeill of SRS represented the buyer, a California-based private investor, in the transaction. Thomas Co. represented the undisclosed seller.

March 14, 2023

Florida Investment sales Net lease News Restaurants

NAI Hallmark Brokers $3.7 Million Sale of Chipotle Property in Jacksonville

by Hayden Spiess March 13, 2023

Jacksonville, Fla. — NAI Hallmark has brokered the $3.7 million sale of a 2,425-square-foot property located in Jacksonville. Chipotle Mexican Grill will occupy the newly constructed building on a 15-year, triple-net-lease basis. Daniel Burkhardt and Keith Goldfaden of NAI represented the seller, C & C Jax Investors, in the transaction. A private investor purchased the property.

March 13, 2023

Investment sales Massachusetts Net lease News

Matthews Real Estate Negotiates $7.7 Million Sale of Retail Property in Middleton, Massachusetts

by Hayden Spiess February 28, 2023

Middleton, Mass. — Matthews Real Estate Investment Services has negotiated the $7.7 million sale of a 14,440-square-foot retail property located in Middleton, a northern suburb of Boston. Walgreens occupies the property on a net-lease basis. Grant Korn and Maxx Bauman of Matthews Real Estate represented the seller, Newport Property Corp., in the transaction. A New York-based private investor acquired the asset via a 1031 exchange.

February 28, 2023

Investment sales Net lease News North Carolina

Marcus & Millichap Arranges $3.3 Million Sale of Child Care Property in Charlotte, North Carolina

by Hayden Spiess February 27, 2023

Charlotte, N.C. — Marcus & Millichap has arranged the $3.3 million sale of Big Blue Marble Academy, a net-leased childcare property located in Charlotte. Dominic Sulo of Marcus & Millichap’s Chicago Oak Brook office represented the seller, a New Jersey-based limited liability company, and secured the 1031-exchange buyer, a Chicago area multifamily LLC. Andrean Angelov and Ryan D. Engle of Marcus & Millichap and Benjamin Yelm, the North Carolina broker of record, assisted in closing the transaction.

February 27, 2023

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