Newport Beach, Calif. — Dallas-based SRS Real Estate Partners has launched SRS National Net Lease Group, a newly created platform offering advisory services for investors of single-tenant and net lease retail properties nationwide.
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Irvine, Calif. — Faris Lee Investments has completed the sales of three newly constructed, single-tenant properties triple-net leased by CVS Pharmacy. The transactions were sold for a total of $17 million.
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Melbourne, Fla. – This is the third phase Faris Lee has completed on the developer’s behalf for the lifestyle center development.
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Buckeye, Ariz. – The transaction closed at a 6.8 percent cap rate.
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Gastonia, N.C. – The property is fully leased and includes a 12,500-square-foot freestanding building occupied by Petco and two freestanding pad buildings.
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Rancho Cordova, Calif. – The single-tenant asset is absolute and triple-leased to Kohl’s.
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Viera, Fla. – The firm selected a private, non-1031 exchange and all-cash investor who went non-contingent prior to the tenant opening its doors.
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Lake Forest, Calif. – According to CoStar, the 4.8 percent cap rate was a record low for a non-anchored retail strip center sale in south Orange County.
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