Net lease

711-Grand-Ave-Carlsbad-Calif
CaliforniaInvestment salesNet leaseNews

Progressive Arranges $4.5 Million Sale of Southern California Retail Center

by Hayden Spiess

Carlsbad, Calif. — Progressive Real Estate Partners has brokered the sale of a 4,584-square-foot retail center located in Carlsbad Village in Carlsbad, roughly 35 miles north of San Diego. Mike Lin of Progressive represented the private New York-based seller in the $4.5 million transaction. A private San Diego-based investor, represented by Josh Simms and Ryan King of Voit Real Estate Services, acquired the property. Built in 2019, the center comprises three units currently occupied Harumana Noodles + Buns, Village Optical and The Shop Salon, all occupied on triple net leases.

Continue Reading
0 FacebookTwitterLinkedinEmail
Dollar-General_Portfolio
Investment salesNet leaseNew YorkNews

Legacy Realty Group Advisors Brokers $53 Million Sale of 37-Property Dollar General Portfolio in the Southeast

by Hayden Spiess

New York City — Legacy Realty Group Advisors LLC has arranged the sale of a portfolio comprising 37 Dollar General-occupied stores located in the Southeast. An undisclosed net-lease REIT acquired the properties from a privately held real estate developer for $53 million. Jacob Baruch and Daniel Baruch of Legacy Realty represented both parties in the transaction. Legacy Realty is a commercial real estate advisory firm based out of New York that specializes in off-market transactions across the United States.

Continue Reading
0 FacebookTwitterLinkedinEmail
905-E-Bidwell-St-Folsom-CA
CaliforniaFaris Lee InvestmentsInvestment salesNet leaseNews

Faris Lee Brokers $11.3 Million Sale of Sprouts-Occupied Retail Property in Folsom, California

by Hayden Spiess

Folsom, Calif. — Faris Lee Investments has arranged the sale of a retail building located at 905 E. Bidwell St. at The Bidwell Center in Folsom, roughly 20 miles northeast of Sacramento. VR Folsom, an Orange County-based private family office, sold the property to a La Jolla-based buyer for $11.3 million. Jeff Conover, Shaun Riley and Scott DeYoung of Faris Lee represented the seller, with Infinity Investment Properties representing the buyer in the deal. Situated on 2.7 acres, Sprouts Farmers Market occupies the single-tenant property. The tenant has a 15-year, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Walgreens-Miami-Beach-Fla
FloridaInvestment salesNet leaseNews

Northmarq Brokers $35.3 Million Sale of Walgreens-Occupied Property in Miami Beach, Florida

by Hayden Spiess

Miami Beach, Fla. — Northmarq has arranged the sale of a 22,857-square-foot property located at 509 Collins Ave. in Miami Beach. Jason Maier of Northmarq represented the buyer, a New York-based private investor, in the $35.3 million transaction. The single-tenant property, which was sold by an undisclosed New York-based individual, is leased to Walgreens on a triple-net basis.

Continue Reading
0 FacebookTwitterLinkedinEmail
KFC-Virginia-Beach-Va
ArizonaInvestment salesNet leaseNewsRestaurantsVirginia

Red Mountain Group Divests of Two Properties for $3.2 Million

by Hayden Spiess

Phoenix and Virginia Beach, Va. — Red Mountain Group has sold two single tenant net lease properties for a combined $3.2 million. Rolberto’s Tacos — a drive-thru restaurant located at Cave Creek Road in Phoenix — was sold to entities doing business as KDD63 LLC and Cave Creek DT LLC for $1.1 million. The other property, a Kentucky Fried Chicken in Virginia Beach, Virginia, was sold for $2.1 million to Hilda and Terrence McPherson. Red Mountain Group was represented by Kenneth James Realty in the first transaction and by The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Dollar-General
GeorgiaInvestment salesNet leaseNews

Marcus & Millichap Brokers $25.5 Million Sale of 14 Dollar General Occupied Properties Across Six States

by Hayden Spiess

Atlanta — Marcus & Millichap’s Taylor McMinn Retail Group has arranged the sale of a Dollar General portfolio comprising 14 stores located in six states. Don McMinn of Marcus & Millichap based in Atlanta brokered the $25.5 million transaction. All of the stores were constructed this year, and all are subject to 15-year triple net leases. An undisclosed developer sold the properties to an undisclosed, institutional retail owner. Of the sale, McMinn comments that there is an “increased institutional interest for net lease portfolios due to their attractive returns caused …

Continue Reading
0 FacebookTwitterLinkedinEmail
KinderCare
CaliforniaInvestment salesNet leaseNews

SRS Real Estate Arranges Sale of 14 KinderCare-Occupied Properties Across US

by Hayden Spiess

Newport Beach, Calif. — SRS Real Estate Partners has arranged the sale of 14 single-tenant retail properties occupied KinderCare Learning Centers. The buildings sold in separate transactions totaling $60 million. The KinderCare Centers are located in Wisconsin, Florida, North Carolina, Iowa, Nebraska and Michigan. Chad Lieber of Newport Beach, California-based SRS represented the undisclosed sellers. Private investors acquired the properties, which range in size from 10,000 to 13,000 square feet. A majority of the transactions were 1031 exchanges and approximately half were all-cash.

Continue Reading
0 FacebookTwitterLinkedinEmail
jrwr-sc-marianos-northbrook
IllinoisInvestment salesNet leaseNews

JRW Facilitates Purchase of 90,408-Square-Foot Grocery Store in Suburban Chicago

by Hayden Spiess

Northbrook, Ill. — JRW Realty has arranged the acquisition of a 90,408-square-foot Mariano’s grocery store located in Northbrook, a suburb of Chicago. Christopher Thompson of JRW represented the institutional buyers, who purchased the store as part of a focus on acquiring net-leased properties. Cushman & Wakefield represented the undisclosed seller. Mariano’s is a subsidiary of Kroger.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesMassachusettsNet leaseNews

SRS Arranges $16.1 Million Sale of Metro Boston Retail Property Leased to CVS/pharmacy

by Hayden Spiess

Watertown, Mass. — SRS Real Estate Partners has arranged the $16.1 million sale of a 14,400-square-foot retail property located in the western Boston suburb of Watertown. The property was built in 2016 and is leased to CVS/pharmacy on a triple-net basis. Kevin Held of SRS represented the seller, a West Coast-based family trust, in the transaction. Josh Kanter of Marcus & Millichap represented the buyer, a Massachusetts-based private investor that acquired the property via a 1031 exchange.

Continue Reading
0 FacebookTwitterLinkedinEmail
12547-Hawthorne-Blvd-Hawthorne-CA
CaliforniaFaris Lee InvestmentsInvestment salesNet leaseNews

Faris Lee Negotiates $11.1 Million Sale of Bank of America-Occupied Retail Building in Metro Los Angeles

by Hayden Spiess

Hawthorne, Calif. — Faris Lee Investments has arranged the sale of a retail building located at 12547 Hawthorne Blvd. in Hawthorne, roughly 15 miles outside Los Angeles. An Orange County-based private office group sold the property to the City of Hawthorne for $11.1 million. Bank of America occupies the 12,919-square-foot, single-tenant building on an absolute triple-net lease. Shaun Riley, Jeff Conover and Scott DeYoung of Faris Lee Investments represented the seller, while Chris Beck of Newmark Knight Frank represented the buyer in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts