Net Lease N Illinois Net-leased medical properties see cap rate reversal How has the medtail phenomenon progressed in 2019? Single-tenant, net-leased medical properties saw a reversal of year-over-year cap rate movement.
Net Lease i Ohio Cooper Commercial sells auto parts store in Ohio The Cooper Commercial Investment Group closed the sale of a single-tenant O’Reilly Auto Parts in Kenton, Ohio.
Net Lease N Illinois Marcus & Millichap arranges sale of 4,000-SF net-leased property Marcus & Millichap closed the sale of a 4,000-square foot, net-leased Signature Bank located in Chicago, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $2,400,000.
Net Lease N Illinois The Boulder Group arranges sale of net-leased Fresenius property The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single-tenant, net-leased Fresenius Medical Care property located at 1920 Sheridan Road in Zion, Illinois for $3,453,692.
Net Lease N Illinois Property with high-end furniture tenant sells in Chicago JLL closed the sale of a 9,794-square-foot, single-tenant retail property that is triple net leased to Walter E. Smithe, a family-owned and -operated local furniture business with four generations of experience. JLL marketed the property on behalf of the seller, a Chicago-based private partnership, and procured the buyer, a California-based family office, which purchased the asset in a 1031 exchange.
Net Lease L Iowa Marcus & Millichap sells Dunkin' Donuts in Des Moines Marcus & Millichap closed the sale of 2,168-square-foot net-leased Dunkin’ Donuts at 3611 SE 14th St in Des Moines, Iowa.
Net Lease N Illinois Marcus & Millichap arranges sale of net-leased property in Elk Grove Village Marcus & Millichap closed the sale of a Taco Bell ground lease, a 2,094-square foot net-leased property located in Elk Grove Village, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $1,218,000.
Net Lease W Minnesota The Boulder Group sells Dollar General in Minnesota The Boulder Group, completed the sale of a single-tenant Dollar General at 714 E Cedar St. in Houston, Minnesota, for more than $1.16 million.
Net Lease N Illinois JLL closes sale of new retail property in suburban Chicago JLL closed on the sale of a newly constructed, 18,000-square-foot, single-tenant retail property that is triple-net-leased to Goodwill in the Chicago suburb of Glenview, Illinois. JLL marketed the property on behalf of the seller, a Chicago-based merchant developer. Best Properties LLC of Florida purchased the asset in a 1031 exchange.
Net Lease N Illinois Morton, IL net-leased property sells for $1.3M Marcus & Millichap facilitated the sale of Enterprise Truck Rental Ground Lease, a 3,034-square foot net-leased property located in Morton, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $1,365,000.
Net Lease i Ohio Marcus & Millichap sells Bob Evans restaurant in Ohio Marcus & Millichap recently sold a 5,969-square-foot net-leased Bob Evans property in Eaton, Ohio. The asset sold for $738,889.
Net Lease X Missouri Boulder Group sells Arby's in Missouri The Boulder Group completed the sale of a single-tenant net-leased Arby’s ground lease property at 15676 Manchester Road in Ellisville, Missouri, for $1.355 million.
Net Lease N Illinois Quantum Real Estate Advisors brokers sale of industrial net lease manufacturing facility Quantum Real Estate Advisors, Inc. has brokered the sale of a net lease industrial property located in Melrose Park, Illinois. The tenant, who has operated a metal grinding business for over 30 years, ended up acquiring the property. The investment traded at a 9.25 percent CAP, which was less than one percentage point off the list price.
Net Lease N Illinois Midwest Commercial Hall of Fame: Boulder Group's Jimmy Goodman Each year, Midwest Real Estate News inducts new members into its Commercial Real Estate Hall of Fame. We are running profiles of these new members each week on REjournals.com. This week, we feature Jimmy Goodman, partner with the Boulder Group in the Chicago suburb of Wilmette, Illinois.
Net Lease W Minnesota Boulder Group sells Dollar General in Minnesota The Boulder Group completed the sale of a single-tenant Dollar General at 555 Meeker Ave’ W in Eden Valley, Minnesota, for $1.224 million.
Net Lease N Illinois The Fed gives net lease market a boost as cap rates shift down Asking cap rates in the single-tenant, net lease investment sector descended for the second consecutive quarter. This phenomenon—which retail, industrial and office property types all experienced—was supported by a variety of economic factors including the Federal Reserve’s lowering of the interest rate.
Net Lease N Illinois Marcus & Millichap arranges sale of net-leased KFC in Rockford Marcus & Millichap facilitated the sale of a 1,999-square foot, net-leased KFC in Rockford, Illinois. The asset, which is located at 1502 N. Kilburn Avenue in a desirable, highly trafficked location, sold for $700,000.
Net Lease N Illinois Quantum brokers sale of a single-tenant Studio Movie Grill in Chicago Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant, net-leased property located at 210 W. 87th Street in Chicago. The freestanding building is leased to Studio Movie Grill and has been a movie theater since its inception.
Net Lease v Wisconsin Stan Johnson Company sells National Park Service building in Wisconsin Stan Johnson Company completed the sale of 37705 Roys Point Blvd. in Bayfield, Wisconsin, a single-tenant, 26,640-square-foot office building occupied by the National Park Service. The property traded for about $7.8 million.
Net Lease N Illinois Envoy Net Lease forms JV with private investment firm with over $10B in backing Envoy Net Lease Partners, a Chicago-based capital provider to the net lease real estate sector, announced the formation of a joint venture with a global private equity firm. The new joint venture is one of the few that involves an institutional investor making a capital commitment to the high-leverage build-to-suit construction lending market, a specialty financing niche that provides up to 100 percent loan-to-cost construction financing for single-tenant net lease properties.