Net lease

Matthews Brokers $20.1 Million Sale of Napa Auto Parts Portfolio

by Hayden Spiess April 18, 2023

Los Angeles — Matthews Real Estate Investment Services has brokered the $20.1 million sale of a portfolio comprising 12 single-tenant retail properties. Located in Alabama, California, Florida, Georgia, Illinois, Mississippi, New York, North Carolina, Texas, Virginia and Washington, the properties are all occupied by Napa Auto Parts on a net-lease basis. Brandon Perez and Bill Pedersen of Matthews arranged the sale on behalf of the undisclosed limited liability company. A publicly traded REIT purchased the portfolio.

April 18, 2023

California Investment sales Net lease News

Hanley Arranges Sale of Single-Tenant Building in Ontario, California

by Hayden Spiess April 17, 2023

Ontario, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of a single-tenant property located in Ontario, California. Bill Asher and Jeff Lefko of Hanley represented the seller, Evergreen Development, in the $3.5 million transaction. Fast5Xpress Car Wash occupies the property, which comprises a 4,446-square-foot building situated on 1.2 acres, on a 35-year, absolute triple-net ground lease.

April 17, 2023

California Faris Lee Investments Investment sales Net lease News

Faris Lee Brokers $3.8 Million Sale of Shopping Center in Southern California

by Hayden Spiess April 12, 2023

Colton, Calif. — Faris Lee Investments has brokered the $3.8 million sale of Meadow Lane Plaza, a shopping center located in Colton. The triple net lease property was fully occupied at the time of sale. Shaun Riley and Nick Miller of Faris Lee represented both the buyer, a California-based investor, and seller in the transaction.

April 12, 2023

Investment sales Net lease News Ohio Restaurants

Cooper Commercial Arranges $2.2 Million Sale of Single-Tenant Property in Northern Ohio

by Hayden Spiess April 12, 2023

Austintown, Ohio — The Cooper Commercial Investment Group has arranged the $2.2 million sale of a single-tenant property located in Austintown in Northeast Ohio. Chipotle Mexican Grill occupies the newly developed building on a 10-year, triple net lease. Dan Cooper of Cooper Commercial represented the seller, a private developer. An undisclosed, all-cash buyer purchased the property.

April 12, 2023

California Investment sales Net lease News Restaurants

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

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