Wendy’s NNN Property with 11-Year Lease Sells Fast
Wendy’s, Richmond, VA Closing date: August 12, 2020 Price: $2,275,000 Cap rate: 6.20% A long-standing Westwood Net Lease Advisors’ client who owns many fast-food QSRs contacted Chris Schellin, President of Westwood, to help him sell a Wendy’s triple-net (NNN) property...
NNN Investor Secures Dollar General Right Before a Category 4 Hurricane
Dollar General, Sulphur, LA Closing date: August 12, 2020 Price: $1,577,000 Cap rate: 6.25% In 2019, a CRE investor who engaged Westwood to help her use the 1031 exchange to purchase her first two triple-net (NNN) properties – a Dollar General in Georgia and a KFC in...
Buyer Trades Residential Rental for 2 NNN Dollar General Properties
#1. Dollar General, Gresham, WI Closing date: August 7, 2020 Price: 1,170,000 Cap rate: 6.75% #2. Dollar General, Weston, OH Closing date: October 23, 2020 Price: $1,262,636 Cap rate: 6.60% 1031 Exchange Nets $162,309 Annually A California-based buyer, who was selling...
New NNN Investors Close on Dollar General Property in 20 Days
Dollar General, Byhalia, MS Closing date: August 5, 2020 Price: $1,199,000 Cap rate: 7.00% Exchange of Single-Family Rental for No-Maintenance NNN Property A Nevada-based husband and wife, new to commercial real estate (CRE) investing, reached out to Chris Schellin,...
Multiple Offers Over List Price Result in Additional $82k on Hardee’s Property
Hardees, St. Petersburg, FL Closing date: July 15, 2020 Price: $1,828,267 Cap rate: 6.50% Bidding Situation Escalates Final Sale Price A long-standing client of ten years reached out to Chris Schellin, President at Westwood Net Lease Advisors, to list the Hardees in...Looking To Buy Commercial Property?
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