Net Lease Midwest Optimism reigns at fifth annual Net Lease Summit — but attendees warned to stick to their knitting About 175 commercial real estate and net lease investment professionals from across the country gathered July 25 at the University Club of Chicago for REjournals’ and Midwest Real Estate News’ fifth annual Net Lease Summit. The goal? To take a closer look at where the net lease industry stands at the midpoint of the year.
Net Lease N Illinois Hanley Investment Group arranges pre-sale of new, single-tenant ALDI Hanley Investment Group Real Estate Advisors arranged the pre-sale of a new-construction, single-tenant ALDI at Litchfield Plaza shopping center in Litchfield, Illinois. The sale price was $1,675,000 for the triple-net absolute ground lease. This is Hanley Investment Group’s seventh ALDI investment sold or on the market in the last 12 months.
Net Lease i Ohio Marcus & Millichap sells Domino's restaurant in Ohio Marcus & Millichap sold Domino’s, a 1,951-square-foot net-leased property in Batavia, Ohio. The asset sold for $809,850.
Net Lease Midwest Newmark Knight Frank's Berres: Net lease sector still a robust one The net lease market, like much of the commercial real estate industry, is in the middle of a busy 2019. Investors are still bullish on net lease assets and aren’t afraid to sink their dollars into them. And the best news? CRE executives say that they expect even more growth in the net lease market.
Net Lease N Illinois SVN Chicago Commercial brokers NNN McDonald's deal in Hoffman Estates SVN Chicago Commercial facilitated the sale of a single-tenant absolute NNN McDonald’s ground lease in Hoffman Estates, Illinois. The retail property, located at 2270 W. Higgins Road, sold to a purchaser out of California as part of a 1031 exchange. The property sold for $2,150,000.
Net Lease v Wisconsin Boulder Group sells ATI in Wisconsin The Boulder Group has completed the sale of a single-tenant ATI Physical Therapy property at 3234 Superior Ave. in Sheboygan, Wisconsin, for $1.425 million.
Net Lease N Illinois Horvath & Tremblay sells Chicago Heights Arby's for $1.4M Matthew Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Arby’s in Chicago Heights, Illinois. John Przybyla of Horvath & Tremblay was the acting broker of record. Horvath & Tremblay exclusively represented the seller and procured the buyer in the transaction that closed at a sale price of $1,464,000, a 5 percent cap rate.
Net Lease X Missouri Stan Johnson Company closes $14 million industrial sale near St. Louis Stan Johnson Company completed the $14 million sale of Cassens Business Center, a multi-tenant industrial property in Fenton, Missouri, a suburb of St. Louis.
Net Lease v Wisconsin Marcus & Millichap sells Pizza Hut in Wisconsin community Marcus & Millichap closed the sale of a 2,750-square-foot Pizza Hut in Kaukauna, Wisconsin. The restaurant sold for $800,000.
Net Lease Midwest Net lease market rolling? Thank the Fed Net lease property investors are optimistic today. And part of the reason? You can credit the Federal Reserve.
Net Lease W Minnesota Cooper Commercial Group sells ALDI-anchored retail center in Minnesota The Cooper Commercial Investment Group recently closed the sale of County Fair Market Place, a 60,208-square-foot retail center in Hutchinson, Minnesota.
Net Lease i Ohio Marcus & Millichap closes $3 million bank sale in Ohio Marcus & Millichap recently closed the sale of S&T Bank, a 5,525-square-foot net-leased property in Hilliard, Ohio. The asset sold for $3.269 million.
Net Lease Midwest Interest rate surprises and surging restaurants fuel net lease market The quality of tenant and the length of the lease. That’s what investors are looking for when sinking their dollars into net lease retail properties.
Net Lease N Illinois Net-leased gas station in Prospect Heights sells for $2.8 million Marcus & Millichap closed the sale of Thorton’s, a 4,400-square foot net-leased property located in Prospect Heights, Illinois. The asset, located at 1600 N. Rand Road, went from contract to close in 38 days and sold for $2,815,533.
Net Lease N Illinois TESLA-occupied building in Highland Park sells for $8.7M in 1031 exchange Chicago-based Berger Asset Management closed the sale of the Tesla Sales/Service Center property at 1200 Old Skokie Valley Road, Highland Park, Illinois. B+E, an investment brokerage firm specializing in net lease real estate, represented Kam Development in the $8,750,000 acquisition, completing a 1031 exchange.
Net Lease V Michigan Encore sells two-building retail outparcel in Detroit Encore Real Estate Investment Services sold Redford Marketplace, a two-building Meijer outparcel development in Detroit. The eight-suite retail center is leased to a mix of national and local tenants on staggered triple-net leases.
Net Lease N Illinois The Boulder Group facilitates sale of ground lease Portillo's property The Boulder Group, a Wilmette, Illinois-based net leased investment brokerage firm, has completed the sale of a single-tenant, ground-leased Portillo’s property located at 202 Landmark Drive in Normal, Illinois for $4,400,000. This sale marked the lowest cap rate for a Portillo’s property since 2017, according to CoStar.
Net Lease N Illinois Net-leased Wendy's in Elk Grove Village sells for $1.5 million Marcus & Millichap closed the sale of a 2,331-square-foot net-leased Wendy’s located in Elk Grove Village, Illinois, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,538,000.
Net Lease p Tennessee Marcus & Millichap closes sale of net-lease property in Tennessee Marcus & Millichap closed the sale of a 2,828-square-foot net-leased property in Sevierville, Tennessee. After multiple offers, the asset closed in less than 45 days from listing and sold for the asking price of $792,000.
Net Lease P Kansas Boulder Group closes $1.4 million net-lease sale in Kansas The Boulder Group completed the sale of a single-tenant net-leased Sketcher’s property at 6740 W. 119th St. in Overland Park, Kansas, for $1.475 million.