Author: Elizabeth Hewerdine

Secure Net Lease has successfully completed the sale of a newly constructed Caribou Coffee located in Grapevine, Texas, within the heart of the Dallas-Fort Worth Metroplex. The property was acquired by a Texas-based private investor completing a 1031 exchange, further highlighting investor demand for high-quality quick-service restaurant assets in one of the nation’s fastest-growing metropolitan areas.

Thomas House, who represented the seller, shared, “The buyer on this deal was a 1031 exchange investor who recently relocated to Austin after spending years investing on the East Coast. As they began selling off some of their East Coast assets, they were looking to reinvest in high-quality properties throughout Texas, and this Caribou Coffee was a great fit for what they wanted.”

The ±644-square-foot Caribou Coffee is strategically positioned at the corner of Northwest Highway and Ball Street in Grapevine, offering exceptional visibility with combined traffic counts exceeding 114,000 vehicles per day. Located just 20 miles northwest of downtown Dallas and approximately 25 miles northeast of downtown Fort Worth, the property benefits from its central location within the Dallas-Fort Worth Metroplex, providing direct access to one of the nation’s strongest regional economies. The site is also less than one and a half miles from Dallas/Fort Worth International Airport, one of the busiest airports in the world, further enhancing its accessibility and long-term investment appeal.

“Once we came to an agreement on pricing, the process was really straightforward. They were great to work with, stayed engaged throughout the transaction, and we were actually able to close several weeks ahead of schedule. It was a smooth transaction from start to finish, and we’re excited to continue building that relationship as they look to acquire more properties in Texas over the coming years,” House concluded.

The surrounding trade area is supported by outstanding demographics and major regional demand drivers. More than 96,000 residents live within a five-mile radius, with average household incomes exceeding $220,000. The property is also located near Baylor Scott & White Medical Center, which employs thousands of healthcare professionals and serves as a major destination for the region. Grapevine continues to experience steady growth while offering convenient access to major employment centers throughout Dallas and Fort Worth, making it one of the most desirable retail submarkets in North Texas.

Caribou Coffee has established itself as one of the largest premium coffeehouse brands in the United States, operating approximately 800 locations across 11 countries. Known for its handcrafted beverages, customer-focused experience, and continued expansion, the brand has built a loyal following while maintaining a strong presence in both standalone retail locations and licensed venues. Its growing footprint and proven operating model continue to make Caribou Coffee an attractive tenant for net lease investors seeking long-term stability.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease has successfully completed the sale of Madison Square, a fully leased multi-tenant shopping center located in La Vergne, Tennessee, within the rapidly growing Nashville Metropolitan Statistical Area. The transaction was completed as an off-market sale, with Secure Net Lease representing both the buyer and seller. The successful closing highlights continued investor demand for stabilized neighborhood retail centers featuring service-oriented tenants in high-growth markets.

John Packwood and Sam House, Vice Presidents at Secure Net Lease, represented both the buyer and seller in the transaction. Packwood shared, “Successful investment sales aren’t just about marketing a property—they’re about understanding what active buyers want and maintaining strong relationships with them over time. In this case, those relationships allowed us to bring the right buyer and seller together in an off-market transaction that created value for both sides.”

The ±13,857-square-foot Madison Square shopping center is located at 1925 Madison Square Boulevard in La Vergne, Tennessee, directly along the Interstate 24 corridor at the Waldron Road interchange, one of the busiest retail intersections in the submarket with average daily traffic exceeding 160,000 vehicles. Built in 2006, the center is fully leased to a complementary mix of service-oriented and necessity-based tenants, providing stable occupancy and consistent consumer traffic.

La Vergne continues to benefit from its location within the Nashville-Murfreesboro-Franklin Metropolitan Statistical Area, the largest metro in Tennessee and one of the fastest-growing regions in the country. The city’s population has increased nearly 11% since 2020, while Rutherford County remains the fastest-growing county in the state. The surrounding trade area is supported by major employers including Nissan’s Smyrna manufacturing plant, Ingram Content Group, and CEVA Logistics, creating strong long-term retail fundamentals and a healthy consumer base.

Madison Square’s fully occupied tenant roster and focus on service-oriented, e-commerce-resistant businesses made the property especially attractive to investors seeking durable cash flow. Combined with its strategic location in the Nashville MSA and strong market fundamentals, the center generated significant investor interest and ultimately resulted in a successful off-market transaction.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease has successfully completed the sale of a freestanding Black Bear Diner located in Baytown, Texas, just east of Houston. The property was acquired by a California-based all-cash 1031 exchange buyer, underscoring continued investor demand for high-quality restaurant assets in rapidly growing Houston-area submarkets.

Garrison Berkley, who represented the seller, shared, “The buyers on this deal were California-based investors completing a 1031 exchange, and they were really attracted to the Black Bear Diner concept and the strength of the location. Once we got the property under contract, the transaction moved along pretty smoothly. They were waiting on another sale to close so they could roll those exchange funds into this acquisition, and everything lined up exactly as planned. They also made a trip out for a site visit, and once they saw the property in person, it really reinforced their confidence in the investment. Overall, it was a smooth process and a great outcome for both the buyer and the seller.”

The ±4,987-square-foot Black Bear Diner is strategically positioned at the northwest corner of Interstate 10 and John Martin Road, approximately 20 miles east of downtown Houston. The site benefits from exceptional visibility with traffic counts exceeding 93,000 vehicles per day along Interstate 10 and is situated directly across from a Buc-ee’s travel center, one of the region’s strongest retail traffic generators. The property is also surrounded by numerous nationally recognized retailers, including Chick-fil-A, H-E-B, Academy Sports + Outdoors, Marshalls, Kroger, and several automotive dealerships, creating a vibrant retail corridor with strong daily consumer activity.

Baytown continues to benefit from its location within the Houston-The Woodlands-Sugar Land Metropolitan Statistical Area, the fifth-largest metropolitan area in the United States. The property is located less than half a mile from the San Jacinto Marketplace, a major mixed-use retail and entertainment development that is expected to further strengthen the area’s retail appeal. Supported by more than 96,000 residents within a five-mile radius and projected population growth over the coming years, the surrounding market offers strong demographics, high household incomes, and excellent long-term fundamentals for retail investment.

Black Bear Diner has grown into one of the nation’s most recognizable full-service restaurant brands, operating more than 150 locations across the United States. Known for its large-format family dining concept, loyal customer base, and continued national expansion, the brand has established itself as an attractive tenant for net lease investors. With a proven operating model and ongoing growth strategy, Black Bear Diner continues to generate strong interest from buyers seeking stable, long-term restaurant investments.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease has successfully completed the sale of Beaumont Plaza, a 10,100-square-foot multi-tenant retail center located in Beaumont, Texas. The property was acquired by a Houston-based private investor, highlighting continued demand for stabilized neighborhood retail centers with long-term upside in growing Southeast Texas markets.

Sam House, who represented the seller alongside Greyson Hickey, shared, “Greyson did a great job on the front end of this deal staying persistent with the sellers and helping uncover the opportunity. That’s really been a strength of his, finding opportunities and building relationships that turn into successful transactions. Once we secured the listing, we made a trip out to Beaumont to visit the property in person, and it became pretty clear that there was a lot of value here that the market was going to recognize. We brought it to market and generated a tremendous amount of interest right away, with around 15 offers coming in over a relatively short period of time. Ultimately, we selected an all-cash buyer that was the best fit for the transaction, and everything moved quickly and efficiently from there. It was a great result for our client and a really smooth closing overall.”

Greyson Hickey added, “Overall, this was a very smooth transaction. The buyer had a particular interest in not only this property but also the land next door, so there were a few additional discussions and negotiations that we worked through along the way. Everyone stayed focused on finding a solution that made sense, and that helped keep the process moving forward. We ended up aligning with an all-cash buyer who was working closely with a local broker and had a strong understanding of the Beaumont market. Once we got everything lined up, the transaction came together really well and turned into a great outcome for both the buyer and the seller.”

Beaumont Plaza is a highly visible neighborhood shopping center situated on approximately 0.77 acres along the heavily traveled Washington Boulevard corridor. Built in 2016, the property features six leasable suites with an average suite size of approximately 1,683 square feet and benefits from multiple access points, ample parking, and strong visibility. The center is strategically positioned near major national retailers including Sam’s Club, H-E-B, and Office Depot, creating a strong retail environment supported by both local and regional consumer traffic.

The property offered investors a compelling combination of stability and future upside. More than half of the rental income is generated by tenants that have occupied the center for over seven years, while a significant portion of the rent roll remains below current market rates, providing future growth potential through rent increases. The asset also benefits from long-term lease structures and strong occupancy history, making it an attractive investment opportunity. Located along Washington Boulevard, which sees more than 15,000 vehicles per day, Beaumont Plaza is positioned within one of the city’s most established commercial corridors and is well-equipped to serve the surrounding community for years to come.

Beaumont Plaza’s diverse tenant mix, long-standing occupancy history, and favorable location within a strong retail corridor made it a highly desirable acquisition for investors seeking stable cash flow and long-term appreciation potential. The successful transaction further demonstrates continued investor demand for well-located multi-tenant retail properties throughout Texas secondary markets.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease has successfully completed the sale of a newly constructed 7 Brew Coffee property located in Midland, Texas. The asset was acquired by a California-based all-cash 1031 exchange buyer, further demonstrating investor demand for high-performing quick-service retail assets in rapidly growing Texas markets.

Harrison Cooper, who represented the seller, shared, “We represented the seller on this transaction, and it was actually a developer client we’ve worked with before, so there was already a strong relationship there. We were able to bring the property to market and generate a lot of strong interest pretty quickly. In the end, we got the deal done very close to the list price, which was a great outcome for everyone.”

The ±510-square-foot 7 Brew Coffee is strategically positioned at the signalized hard corner of Highway 158 and State Highway 191, one of the most heavily trafficked retail intersections in Midland and the broader Permian Basin. The property benefits from exceptional visibility and accessibility, with combined traffic counts exceeding 71,000 vehicles per day and direct access to Loop 250 and Interstate 20. Located adjacent to the largest Costco in Texas and surrounded by a strong lineup of national retailers including Sam’s Club, H-E-B, Chase Bank, McDonald’s, Panda Express, and Valvoline, the site is positioned within one of Midland’s dominant retail corridors.

“The buyer was a California-based investor completing a 1031 exchange, and the transaction went really smoothly from start to finish. One thing that also gave everyone confidence was that shortly after we got the property under contract, we had several additional offers come in, so we had strong backup interest throughout the process. That just reinforced how much demand there is right now for high-quality assets in growing Texas markets like Midland” Cooper concluded.

The surrounding trade area continues to experience strong economic and population growth, supported by Midland’s energy-driven economy and expanding infrastructure investment. The property is located near major employment hubs including Chevron and Occidental Petroleum headquarters, while additional mixed-use and retail developments are planned nearby. Midland has consistently ranked among the fastest-growing cities in the United States, driven by strong employment growth and continued demand throughout the Permian Basin region.

7 Brew Coffee has quickly emerged as one of the fastest-growing drive-thru coffee concepts in the country, known for its speed-focused service model and loyal customer following. Backed by strong unit growth and expanding national recognition, the brand continues to attract investor interest across the net lease sector. With a compact footprint, high-volume drive-thru format, and aggressive nationwide expansion strategy, 7 Brew remains a highly desirable tenant for investors seeking long-term growth potential.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

That just reinforced how much demand there is right now for high-quality assets in growing Texas markets like Midland.

April 23, 2026 – Secure Net Lease has successfully completed the sale of a newly constructed Chick-fil-A located in Prosper, Texas, within the rapidly growing Dallas-Fort Worth Metroplex. The property was acquired by a private all-cash buyer, highlighting continued demand for high-quality, investment-grade quick-service restaurant assets in top-tier growth markets.

Anthony Pucciarello, who represented both the buyer and the seller, shared, “I had the opportunity to represent both the buyer and the seller on this new Chick-fil-A in Prosper, which is a really strong, H-E-B shadow-anchored location in the DFW Metroplex. We brought it to market and immediately saw a lot of interest, generating multiple competitive offers. Ultimately, we were able to secure a very aggressive offer on what I’d consider a true trophy asset.”

The ±5,385-square-foot Chick-fil-A is strategically positioned at the corner of Dallas Parkway and Frontier Parkway, offering excellent visibility and accessibility with strong traffic counts exceeding 72,000 vehicles per day at the nearby intersection. The site is located on a pad site adjacent to a brand-new 132,000-square-foot H-E-B grocery store, which serves as a dominant retail anchor for the area and drives significant daily traffic. The surrounding trade area is densely populated with high-income households and continues to experience rapid residential growth, with numerous master-planned communities contributing to a strong and expanding consumer base.

The property also benefits from its proximity to major community and regional demand drivers, including Prosper High School, Children’s Health Football Stadium, and Frontier Park. The area is supported by exceptional demographics, with over 100,000 residents within a five-mile radius and average household incomes exceeding $220,000. Located approximately 30 miles north of downtown Dallas, Prosper is one of the fastest-growing suburbs in North Texas, offering strong connectivity to major employment hubs, regional airports, and the broader DFW Metroplex.

Chick-fil-A is widely recognized as one of the most successful and fastest-growing quick-service restaurant brands in the United States. With industry-leading unit volumes, strong brand loyalty, and a disciplined site selection strategy, Chick-fil-A continues to be one of the most sought-after tenants in the net lease market. The company’s consistent performance, high barriers to entry, and long-term operational success make it a premier choice for investors seeking stable and reliable income.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

We brought it to market and immediately saw a lot of interest, generating multiple competitive offers.

April 3, 2026 – Secure Net Lease has successfully completed the sale of a freestanding Take 5 Oil Change located in Lumberton, Texas. The property was acquired by a Texas-based private investor with an existing portfolio of 40 Take 5 Oil Change locations, reflecting the continued strength of investor demand for net lease assets with established quick-service operators in growing suburban markets.

Graham Hickey, who represented the seller, shared, “Proud to have represented the seller in the sale of this Take 5 Oil Change. Great to see this transaction come together successfully,” Hickey concluded.

The 1,438-square-foot property is situated along Hwy 69 and FM 421, which serves as the primary commercial corridor for Lumberton. The site benefits from prime visibility and direct access to a signalized intersection with approximately 24,000 vehicles per day, as well as outstanding accessibility supported by demand from neighboring national retailers. The property is positioned adjacent to a Walmart Supercenter that draws more than 1.6 million visitors annually and is surrounded by strong national co-tenants including Starbucks, Burger King, CVS, and Subway, creating a retail environment anchored by essential services and consistent repeat-use traffic.

The property is structured as an Absolute NNN lease with 12 years remaining on a 15-year term, featuring 10% rent increases every five years and three 5-year renewal options. Lumberton has experienced more than 10% population growth since 2015 and continues to benefit from suburban migration out of Beaumont. The trade area offers an 81% homeownership rate and a median household income exceeding $104,000, reflecting a stable and growing consumer base.

Take 5 Oil Change has rapidly emerged as one of the most recognized tenants in the automotive net lease space, having surpassed 400 franchise locations nationwide. In 2024 alone, the brand added 100 new franchise locations, effectively doubling its footprint over the past two years. Take 5 has also begun expanding internationally, with a new location opened in Brantford, Ontario and additional growth planned in Puerto Rico. Its ranking at #27 on Entrepreneur’s Fastest-Growing Franchises list further reflects the brand’s momentum and the strong investor demand for its net lease assets.

This transaction further demonstrates Secure Net Lease’s ability to connect motivated investors with quality net lease investments in growing suburban markets. Despite a prolonged due diligence process, the firm was able to successfully bring the transaction to a close for all parties involved.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.