Net Lease Archives - REBusinessOnline

CB Arcadia Partners Sells Starbucks-Occupied Property in Torrance, California for $8.2M

Amy Works — Thu, 11 Dec 2025 14:35:28 +0000

TORRANCE, CALIF. — CB Arcadia Partners, an affiliate of Calbay Development, has completed the disposition of a freestanding retail property located at 23865 Hawthorne Blvd. in Torrance, to Madrona F&F LLC for $8.2 million. Starbucks Coffee occupies the 2,400-square-foot property, which was delivered in 2025, on a long-term, triple-net lease. The property features a drive-thru that can accommodate 20 vehicles, plus a full-size café format with indoor and outdoor seating. Alex Kozakov and Patrick Wade of CBRE represented the seller in the deal.

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CBRE Brokers $8.4M Sale of 7-Eleven Ground Lease in Flagstaff, Arizona

Amy Works — Tue, 09 Dec 2025 13:55:48 +0000

FLAGSTAFF, ARIZ. — CBRE has arranged the ground-lease sale of a single-tenant retail property located at 1010 N. Country Club Drive in Flagstaff. Viking Properties VII LLC, a California-based farming family, acquired the asset for $8.4 million. Ben Farthing and Owen Littrell of CBRE represented the sellers, two Tucson-based private capital investors, in the all-cash transaction. 7-Eleven occupies the property on an absolute triple-net lease with 12 years remaining. The site includes 12 fueling stations, a car wash and a convenience store.

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Marcus & Millichap Brokers $3M Sale of Starbucks-Occupied Retail Property in Tucson

Amy Works — Tue, 02 Dec 2025 14:31:31 +0000

TUCSON, ARIZ. — Marcus & Millichap has arranged the $3 million sale of a restaurant property located at 6210 E. Broadway Blvd. in Tucson. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap represented the seller, an Arizona-based limited liability company, through a partnership with DSW Commercial Real Estate and Iridius Capital, and procured the buyer, a California-based limited liability partnership. Starbucks Coffee occupies the 2,200-square-foot property, which was built in 2024, on a new 10-year, corporate guaranteed net lease.

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Cushman & Wakefield Arranges $19.3M Sale of Life Sciences Property in Carlsbad, California

Amy Works — Tue, 25 Nov 2025 14:39:59 +0000

CARLSBAD, CALIF. — Cushman & Wakefield has brokered the sale of a single-story life sciences corporate headquarters facility at 2131 Faraday Ave. in Carlsbad. The Wonderful Co. acquired the asset from RPG for $19.3 million. Boston Scientific (NYSE: BSX) fully occupies the 47,075-square-foot property on a triple-net lease basis. The newly renovated, freestanding Class A building features a state-of-the-art central laboratory, high-end corporate offices, onsite amenities, an extensive glass line and robust mechanical systems suited for biotech, medical devices and corporate users. Aric Starck and Drew Dobbs of Cushman & Wakefield represented the seller in the deal.

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Hanley Investment Group Arranges $3.6M Pre-Sale of 7-Eleven Ground Lease in Yucaipa, California

Amy Works — Tue, 18 Nov 2025 14:52:00 +0000

YUCAIPA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the pre-sale of a newly constructed single-tenant retail property located at 11361 Bryant St. in Yucaipa. Evergreen Devco sold the absolute triple-net ground lease to a San Luis Obispo County, Calif., buyer for $3.6 million. Slated to open in early to mid-December, 7-Eleven will occupy the 4,088-square-foot convenience store and fuel station under a 15-year corporate lease. Bill Asher and Jeff Lefko of Hanley Investment Group, in conjunction with Jeff Stanley of Lee & Associates, represented Evergreen Devco, while John Hans of Colliers represented the buyer in the deal.

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Marcus & Millichap Brokers $6.1M Sale of Childcare Facility in Albertville, Minnesota

Kristin Harlow — Mon, 03 Nov 2025 14:50:52 +0000

ALBERTVILLE, MINN. — Marcus & Millichap has brokered the $6.1 million sale of a net-leased childcare facility occupied by Everbrook Academy in Albertville, a northwest suburb of Minneapolis. Everbrook Academy has a new 15-year triple-net lease guaranteed by Learning Care Group. The tenant operates more than 1,150 schools nationwide. Built in 2025, the property totals 11,758 square feet. Spencer Berkley, Mark Ruble, Chris Lind and Zack House of Marcus & Millichap, in association with the firm’s Minnesota broker of record Jon Ruzicka, represented the seller, a Minnesota-based limited liability company. Buyer information was not released.

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Hanley Investment Group Brokers $4.3M Sale of Starbucks-Occupied Retail Property in Azusa, California

Amy Works — Tue, 28 Oct 2025 14:27:47 +0000

AZUSA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a newly renovated single-tenant restaurant property at 843 Arrow Highway in Azusa. Los Angeles-based California Icon LLC sold the asset to Glendale, Calif.-based MTSA Properties for $4.3 million. The 3,800-square-foot Starbucks Coffee-occupied building was originally constructed in 1970 and renovated in 2025 to meet the company’s newest prototype. The property features a café with interior seating, a patio and a drive-thru. The asset is secured by a new long-term absolute triple-net lease with minimal landlord responsibilities, according to Bill Asher of Hanley Investment Group. Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Sheila Alimadadian of Marcus & Millichap represented the buyer in the deal.

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Marcus & Millichap Brokers $2.7M Sale of New Restaurant in Metro Atlanta Leased to Whataburger

John Nelson — Wed, 03 Sep 2025 13:41:28 +0000

ACWORTH, GA. — Marcus & Millichap has brokered the $2.7 million sale of a newly built restaurant located at 3558 Cobb Parkway NW in Acworth, a northwest suburb of Atlanta. Whataburger occupies the freestanding restaurant, which features a double drive-thru, on a new 15-year corporate ground lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller, an unnamed developer based in Georgia, in the transaction. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap procured the unnamed buyer. The 3,318-square-foot Whataburger restaurant was delivered in April and is adjacent to a Walmart Super Center and Super Target.

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RealSource Group Arranges Sale of 7-Eleven Ground Lease in Oakley, California

Amy Works — Tue, 26 Aug 2025 13:26:16 +0000

OAKLEY, CALIF. — RealSource Group has arranged the ground lease sale of a single-tenant convenience store and fuel station located at 1050 Laurel Road in Oakley. California Capital & Investment Group sold the asset to 7-Eleven, which exercised its Right of First Refusal on the property, for an undisclosed price. Jonathan Schiffer and Austin Blodgett of RealSource represented the seller in the deal. 7-Eleven occupies the 3,795-square-foot building that was built in 2019 on 1.2 acres. The property is subject to a triple-net ground lease with over nine years remaining on the initial 15-year term, 10 percent rent increases every five years and three five-year renewal options.

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Marcus & Millichap Negotiates Sale of 10,060 SF Net-Leased Warehouse in Prescott, Arizona

Amy Works — Tue, 12 Aug 2025 13:57:50 +0000

PRESCOTT, ARIZ. — Marcus & Millichap has negotiated the sale of a warehouse and industrial outdoor storage property located at 6400 Lear Lane in Prescott. An individual/personal trust acquired the asset from Arizona Industrial Development for $4.4 million. Constructed in 2025, the asset comprises a 10,060-square-foot warehouse on a 2.9-acre site. The property is leased to a national credit tenant on a new 10-year, absolute net lease with a corporate guarantee. Paul Berkner of Marcus & Millichap represented the buyer, while Sev Keshishian of Marcus & Millichap procured the buyer in the deal.

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SRS Real Estate Partners Brokers Sales of Three Starbucks-Occupied Properties in California Totaling $10M

Amy Works — Mon, 11 Aug 2025 13:52:47 +0000

CATHEDRAL CITY, TEMECULA AND REDDING, CALIF. — SRS Real Estate Partners has arranged the sales of three restaurant properties totaling $10 million. Starbucks Coffee occupies the three newly constructed properties, which include drive-thrus, under long-term, corporate-guaranteed triple-net leases. The sales include: – A 1,900-square-foot property at the southwest corner of Highway 111 and Date Palm Drive in Cathedral City. A Northern California-based private investor acquired the asset from a Newport Beach, Calif.-based retail and restaurant development company for $3.7 million. Alexander Moore of SRS Capital Markets represented the buyer in the deal. – A 3,600-square-foot property at 27425 Ynez Road in Temecula. A West Coast-based developer sold the property to a California-based private investor for $3.6 million. Pat Kent and Parker Walter of SRS Capital Markets brokered the sale. – A 2,055-square-foot building at 3045 Shasta View Drive in Redding that sold for $2.7 million. Alexander Moore of SRS Capital Markets represented the seller, a California-based private investor, and the buyer, a Northern California-based private investor.

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Pinnacle Brokers $2.1M Sale of Starbucks-Occupied Retail Property in Westminster, Colorado

Amy Works — Tue, 05 Aug 2025 14:00:32 +0000

WESTMINSTER, COLO. — Pinnacle Real Estate Advisors has arranged the purchase of a freestanding, single-tenant retail property located at 1835 W. 120th Ave. in Westminster. Surreal Holdings acquired the asset for $2.1 million. Starbucks Coffee occupies the 2,162-square-foot property, which includes a drive-thru, on a net-lease basis. Elizabeth Morgan, Cody Stambaugh and Kyle Moyer of Pinnacle’s MorganStambaugh Group represented the buyer, while David Wirgler of Northmarq represented the undisclosed seller.

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SRS Arranges $5.7M Ground Lease Sale of Panera Bread-Leased Property in Montclair, California

Amy Works — Thu, 31 Jul 2025 11:50:00 +0000

MONTCLAIR, CALIF. — SRS Real Estate Partners has directed the $5.7 million (or $1,451 per square foot) ground lease sale of a restaurant property located at 5212 Moreno St. in Montclair. Panera Bread occupies the 3,950-square-foot property on a single-tenant net-lease basis. The building, which was built in 2014, is secured by a corporate-guaranteed ground lease with 15 years remaining. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller, a Southern California- and Arizona-based developer. The buyer was a California-based private investor.

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SRS Negotiates $4.5M Ground Lease Sale of Central Florida Retail Property Leased to Walmart

Abby Cox — Fri, 18 Jul 2025 14:05:59 +0000

DELTONA, FLA. — SRS Real Estate Partners has negotiated the $4.5 million ground lease (land ownership) sale of a retail property located at 1569 Saxon Blvd. in Deltona. The property is situated 30 miles north of Orlando within the mixed-use development of Deltona Village, which is currently under construction. Walmart occupies the 41,335-square-foot retail property on an absolute triple-net-lease with 10 years remaining on its lease term. Patrick Nutt and William Wamble of SRS Real Estate represented the seller, a private partnership, in the transaction. The Pennsylvania-based private buyer was a repeat client of SRS.

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Starwood Property Trust to Acquire Fundamental Income Properties for $2.2B

Hayden Spiess — Thu, 17 Jul 2025 11:00:00 +0000

MIAMI BEACH, FLA. AND PHOENIX — Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group with a core focus on real estate and infrastructure, has announced plans to acquire Fundamental Income Properties for roughly $2.2 billion. Starwood Property Trust has entered into a definitive agreement with Fundamental, a fully integrated net lease real estate owner and operator based in Phoenix. The transaction is expected to close on July 23, subject to customary closing conditions. Fundamental is currently owned by New York City-based Brookfield Asset Management. Fundamental’s portfolio totals 12 million square feet across 467 properties in 44 states. The properties feature a weighted average lease term (WALT) of 17 years, with 2.2 percent average annual rent escalations. The portfolio was fully occupied by 92 tenants across 56 industries at the time of the agreement with Starwood. As part of the acquisition, Starwood will assume Fundamental’s existing financing facilities, which total $1.3 billion, including $900 million of asset-backed security debt. Starwood plans to fund the remainder of the purchase price with a combination of cash and debt and equity capital. Fundamental’s management team, which comprises 28 employees, will be retained by Starwood Property Trust. BofA…

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CBRE Brokers $12.2M Sale of Net-Leased Retail Building in Jamison, Pennsylvania

Taylor Williams — Mon, 30 Jun 2025 13:41:05 +0000

JAMISON, PA. — CBRE has brokered the $12.2 million sale of a 25,000-square-foot retail building in Jamison, a northern suburb of Philadelphia, that is net leased to convenience store operator Wawa and Tractor Supply. ExchangeRight, a Southern California-based investment firm that specializes in net-lease, 1031 and Delaware Statutory Trust deals, purchased the asset from New Jersey-based ARCTRUST. Matthew Gorman and Michael Shover of CBRE brokered the deal.

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Colliers Brokers $3.7M Sale of Net-Leased Restaurant Building in Manchester, New Hampshire

Taylor Williams — Mon, 16 Jun 2025 14:47:59 +0000

MANCHESTER, N.H. — Colliers has brokered the $3.7 million sale of a 3,366-square-foot restaurant building in Manchester, located near the Massachusetts-New Hampshire border. The newly constructed building is net leased to quick-service franchise Raising Cane’s and features a double drive-thru. Bob Rohrer of Colliers represented the seller, Tatro Road Realty, in the transaction. The buyer was a limited liability company.

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STRIVE Arranges Sale of Retail Building Leased to AutoZone in Bryan, Texas

Taylor Williams — Thu, 12 Jun 2025 14:25:40 +0000

BRYAN, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of a 7,750-square-foot retail building located along North Texas Avenue in the Central Texas city of Bryan. The property is net leased to AutoZone. Adam Gottschalk and Jason Vitorino of STRIVE represented the seller, a private wealth management division of a bank, and procured the undisclosed buyer. Additional terms of sale were not disclosed.

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Marcus & Millichap Brokers $4.3M Sale of BrightPath Childcare Center in Parsippany, New Jersey

Taylor Williams — Tue, 06 May 2025 14:24:50 +0000

PARSIPPANY, N.J. — Marcus & Millichap has brokered the $4.3 million sale of an 11,266-square-foot retail building in the Northern New Jersey community of Parsippany that is net leased to BrightPath Childcare Center. The building was constructed on a 1.7-acre site in 2014. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller in the transaction. The trio, along with Brent Hyldahl of Marcus & Millichap, also procured the buyer. Both parties requested anonymity.

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Kempner Properties Buys Connecticut, Rhode Island Shopping Center Portfolio for $30.8M

Taylor Williams — Wed, 12 Mar 2025 12:59:47 +0000

WHITE PLAINS, N.Y. — Kempner Properties, an investment firm based in the New York City area, has purchased a portfolio of six shopping centers totaling 126,299 square feet in Connecticut and Rhode Island for $30.8 million. The Connecticut centers are located in Avon, Milford, Norwalk, Wallingford and Orange, while the Rhode Island center is located in Warwick. Town Fair Tire anchors the centers and accounts for 40 percent of the portfolio’s gross leasable space. Jeffrey Winokur of JH Winokur Inc. represented the seller, the estate of Town Fair Tire founder Neil Mellen, in the transaction. The portfolio was 92 percent leased at the time of sale.

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