Net lease

Hanley Brokers Sale of 1,725-Square-Foot Single-Tenant Property in Huntsville, Alabama

by Hayden Spiess January 30, 2024

Huntsville, Ala. — Hanley Investment Group Real Estate Advisors has brokered the sale of a 1,725-square-foot single-tenant property located in Huntsville. Strickland Brothers 10 Minute Oil Change occupies the newly constructed property, which is situated within a Publix-anchored shopping center, on a net-lease basis. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the developer and seller, N3 Real Estate. Andy Shipp of Sovereign Partners LLC represented the buyer, a private investor.

January 30, 2024

Investment sales Net lease News South Carolina

Marcus & Millichap Arranges $7.3 Million Sale of 4,650-Square-Foot Single-Tenant Property in South Carolina

by Hayden Spiess January 15, 2024

Fountain Inn, S.C. — Marcus & Millichap has arranged the $7.3 million sale of a 4,650-square-foot single-tenant property located in Fountain Inn. 7-Eleven occupies the newly constructed property on a 15-year net lease with a corporate guarantee. Austin Weisenbeck, Sean Sharko and Timothy Nichols of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, a limited liability company. Benjamin Yelm of Marcus & Millichap assisted in closing the sale as the South Carolina broker of record.

January 15, 2024

California Investment sales Net lease News

Hanley Brokers $3.3 Million Sale of Single-Tenant Property in Los Angeles

by Hayden Spiess January 12, 2024

Los Angeles — Hanley Investment Group Real Estate Advisors has brokered the $3.3 million sale of a single-tenant property located in Los Angeles. Starbucks Coffee occupies the 1,486-square-foot building, which was built in 2017 on a 0.3-acre parcel, on a triple-net-lease basis. Jeff Lefko and Bill Asher of Hanley represented the seller in the transaction. Ryan Sharpe of Kidder Matthews represented the buyer.

January 12, 2024

Georgia Investment sales Net lease News Restaurants

Ackerman Facilitates Sale of 4,200-Square-Foot Chick-fil-A Ground Lease in Metro Atlanta

by Hayden Spiess January 8, 2024

Norcross, Ga. — Ackerman Retail, a division of Ackerman & Co., has facilitated the sale of a 4,200-square-foot absolute triple-net Chick-fil-A ground lease located in Norcross, roughly 20 miles outside Atlanta. Constructed in 1998, the property was renovated in 2018. Sean Patrick of Ackerman Retail represented the seller, an entity doing business as WB Holdings-Jimmy Carter Boulevard, in the transaction. A local private buyer acquired the ground lease.

January 8, 2024

Florida Investment sales Mixed-use Net lease News

SRS Arranges $13.6 Million Sale of 42,311-Square-Foot Single-Tenant Property in Lutz, Florida

by Hayden Spiess December 4, 2023

Lutz, Fla. — SRS Real Estate Partners has arranged the $13.6 million sale of a 42,311-square-foot single-tenant retail property in Lutz. EoS Fitness occupies the building on a 15-year triple-net lease. Situated on 3.9 acres, the property is located within Cypress Ranch, a 164-acre mixed-use development. Upon completion, Cypress Ranch will feature 11 freestanding retail parcels. Tenants at the parcels will include Chick-fil-A, ALDI and Panda Express. Patrick Nutt and William Wamble of SRS represented the seller, Barclay Group. A California-based buyer acquired the property in a 1031-exchange transaction.

December 4, 2023

California Investment sales Net lease News

Progressive Brokers $4.9 Million Sale of Single-Tenant Property in Southern California

by Hayden Spiess November 30, 2023

Rancho Cucamonga, Calif. — Progressive Real Estate Partners has brokered the $4.9 million sale of a 16,560-square-foot single-tenant property located in Rancho Cucamonga. Dollar Tree occupies the building on a triple-net-lease basis. Brad Umansky, Greg Bedell and Lance Mordachini of Progressive arranged the sale on behalf of the seller, Red Mountain Group. Katherine Quach and Wendy Wong of Treelane Realty Group represented the buyer, a private investor.

November 30, 2023

California Investment sales Net lease News Restaurants

JLL Capital Markets Negotiates $3.3 Million Sale of Single-Tenant Restaurant Property Metro San Francisco

by Hayden Spiess November 16, 2023

San Rafael, Calif. — JLL Capital Markets has negotiated the $3.3 million sale of a single-tenant building located in San Rafael, roughly 20 miles outside San Francisco. El Pollo Loco, a fast-casual restaurant chain, occupies the 2,626-square-foot building on a triple-net-lease basis, with 13 years remaining on the lease. Eric Kathrein and Warren McClean of JLL brokered the transaction. El Pollo Loco occupies the building in San Rafael, California.

November 16, 2023

10582-Foothill-Blvd_Rancho-Cucamonga-Calif

California Investment sales Net lease News

Progressive Brokers $7.5 Million Sale of Retail Building in Southern California

by Hayden Spiess November 1, 2023

Rancho Cucamonga, Calif. — Progressive Real Estate Partners has brokered the $7.5 million sale of a nine-tenant retail building located in Rancho Cucamonga. Situated within Terra Vista Town Center, the 21,918-square-foot property was fully leased at the time of sale. Tenants at the building, which have all signed triple-net leases, include a jeweler, escape room and indoor playground. Greg Bedell and Paul Su of Progressive represented the seller in the transaction.

November 1, 2023

Investment sales Net lease News South Carolina

Marcus & Millichap Brokers $6.3 Million Sale of Single-Tenant Property in Rock Hill, South Carolina

by Hayden Spiess October 31, 2023

Rock Hill, S.C. — Marcus & Millichap has brokered the $6.3 million sale of a single-tenant property located in Rock Hill. Walgreens occupies the 14,550-square-foot building on a triple-net-lease basis. Andrew Margulies, Harrison Creason and John Berger of Marcus & Millichap secured the buyer, and Dean Giannakopoulos of Marcus & Millichap Capital Corp. arranged acquisition financing. Zosime was the seller.

October 31, 2023

California Investment sales Net lease News

Hanley Arranges $3.7 Million Sale of Car Wash Property in Valencia, California

by Hayden Spiess October 30, 2023

Valencia, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.7 million sale of a car wash property currently underway in Valencia. The building, which is scheduled for completion in the first quarter of 2024, will total 4,263 square feet. BLISS Car Wash will occupy the property on a triple-net-lease basis.Bill Asher and Jeff Lefko of Hanley represented the developer and seller, Fountainhead Development, in the transaction. Jenny Eng of CBRE represented the undisclosed buyer.

October 30, 2023

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