As featured in CIRE Magazine…..
We recently closed a small 1031 Exchange Replacement Property retail deal in Denver. As a way of saying thanks to our clients for the business we give them an option of making a donation on their behalf to a cause of their choice or doing a normal closing gift like Wine of the Month or dinner etc.
This client chose to support The Wounded Warrior Project.
In August, TMO represented the buyer of a northern California NNN Walgreens property. The property sold for $12,184,846 and is leased on an absolute triple net basis to Walgreens (Ticker: WAG) on a 75 year lease with 24 firm years remaining. The buyer was a privately held real estate investment company from New York who was in a 1031 Exchange. The seller was represented by Capital Pacific. The low leverage transaction was financed by Lafayette Life Insurance Company which was placed by Ed Isola from Isola & Associates.
For further details about the cap rate and financing terms, please contact Thomas Morgan, CCIM via email or toll free at 1-866-539-1777.
The property is leased on an absolute net basis to TSC for another 10 years ensuring a long term passive investment for the owner. Tractor Supply Company is an operator of retail farm and ranch stores in the United States.
TMO provides clients with passive investment opportunities like this around the U.S. Net leased properties give investors peace of mind, long term stable cash flows with very low risk.
Contact TMO for a free investment evaluation via email or toll free at 1.866.539.1777
TMO is pleased to have represented a private investor in the purchase of a NNN leased Tractor Supply property in Texas. The all cash transaction closed in under 30 days for $2,242,500 at a cap rate of 8%.
"Tractor Supply (TSCO) is a great reliable tenant with a solid business model which provides my client with peace of mind for years to come." says Thomas Morgan, CCIM. "TSC's may be in smaller markets but that is where their customers are and they serve the rural farming towns perfectly. Compared to a NNN Walgreens or fast food NNN investment, TSC's have a lot of residual value in the real estate as they are on large lots, usually 4-5 acres and have decent size buildings of around 20,000 sf built of block."
Marcus Millichap represented the Seller.