Category: Property Sale

Secure Net Lease, a nationally recognized brokerage firm, successfully closed the sale of a 7-Eleven in Georgetown, Texas, located just north of Austin. The property was sold in an all-cash transaction to a private investor from San Diego, CA, who was motivated by a 1031 exchange.

The agent who facilitated the deal, Edward Benton, commented, “You don’t see a lot of these assets on the market, so the buyer was eager to secure a spot in the Austin area. We had a strong existing relationship with them, and when another site didn’t work out, we were able to seamlessly transition them to this Georgetown 7-Eleven.”

The 4,190-square-foot 7-Eleven sits on 1.49 acres on Williams Drive in Georgetown, TX, on a signalized, hard-corner location with over 23,900 vehicles per day. The site features 14 parking spaces and 8 gasoline MPDs, making it a high-traffic convenience and fuel destination. 

“It was a smooth transaction—we achieved strong pricing, and once it was under contract, they closed all-cash. They enjoy working with us because we make the process easy, and this deal was no exception.” Benton concluded.

Georgetown is a rapidly growing suburb of Austin, strategically positioned along Interstate 35, the major corridor between Dallas and San Antonio. The area has seen significant economic expansion, including the recent development of GAF Energy’s new 450,000-square-foot solar manufacturing facility, expected to bring over 265 jobs to the area. The adjacent H-E-B Plus expansion further underscores the area’s strong retail demand.

This transaction highlights Secure Net Lease’s expertise in sourcing motivated 1031 exchange buyers and securing premium pricing for high-performing net lease assets in competitive markets.

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.

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, a nationally recognized brokerage firm, successfully completed the sale of a 7 Brew Coffee location in Montrose, Colorado. The property was sold in an all-cash transaction to a private investor from Chico, CA who was motivated by a 1031 exchange.

The agent who facilitated the deal, Kyle Varni, commented, “It was a pretty straightforward and smooth process. We ultimately found a California buyer through an exchange, and it was an all cash deal. He owns a home in Telluride and visits the area frequently, so he’s very familiar with the real estate market there. Once we went under contract, the transaction was incredibly smooth.”

The 7 Brew Coffee property is a 510-square-foot drive-thru-only building situated at 1433 Encanto Place, Montrose, CO. The site benefits from high visibility at a hard corner location, with excellent traffic counts. Montrose County is a well-known destination for outdoor activities, drawing tourists year-round. Additionally, Montrose serves as a gateway to Telluride, which is only 40 miles away.

The buyer, a private investor from Chico, CA, was already well-acquainted with the Montrose and Telluride markets due to his frequent visits to the area. His familiarity with the region, combined with the growth of 7 Brew Coffee, made this investment particularly attractive.

This sale highlights Secure Net Lease’s expertise in identifying and matching premium net lease investment opportunities with motivated buyers. The transaction underscores the strong demand for high-traffic, drive-thru retail properties, particularly in tourist-driven markets like Montrose, Colorado.

Unlike most coffee chains, 7 Brew’s unique business model centers solely on drive-thru business, with no interior sit-down space in their compact 500-square-foot stands. Since 2017, 7 Brew has grown to over 210 locations in 26 states and continues to expand rapidly with a recent investment from Blackstone, the world’s largest commercial RE owner.

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, a nationally recognized brokerage firm, orchestrated the sale of a 7-Eleven in Saginaw, Texas, just outside of Fort Worth. The property was sold in an all-cash transaction to a private buyer from Las Vegas, NV motivated by Bonus Depreciation.

The agent who orchestrated the deal, Edward Benton, said “I sourced an all-cash private investor buyer who was highly motivated by Bonus Depreciation benefits. The buyer quickly recognized the value of this 7-Eleven because of its proximity to Fort Worth.” 

This large format 7-Eleven store is a 4,088 square-foot building that sits on 1.44 acres on an irreplaceable hard corner that sees over 26,440 vehicles per day. The site features 21 parking spaces and 8 MPDs. It is only 6 miles from Downtown Fort Worth, just north of Interstate 820, which sees over 112,994 vehicles per day. Interstate 820 is a loop around Fort Worth that forms part of the larger Interstate 20 system. 

“The buyer moved quickly to secure the asset at full list price, demonstrating strong demand for well-located, income-producing net lease investments,” Benton concluded.

The sale of this 7-Eleven in Saginaw, Texas, highlights the strong demand for well-located net lease investments, particularly those offering attractive tax advantages like Bonus Depreciation. With its strategic positioning near Fort Worth and strong traffic counts, the property presented an attractive investment opportunity for the buyer. Secure Net Lease’s ability to match motivated buyers with premium retail properties highlights the firm’s expertise in navigating the net lease market.

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.

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.

I sourced an all-cash private investor buyer who was highly motivated by Bonus Depreciation benefits.

Secure Net Lease, a nationally acclaimed brokerage firm, facilitated the sale of a newly constructed 7-Eleven in an affluent area of Hampton, Virginia. The property was sold to a private buyer from New York motivated by a 1031 exchange.

The agent who facilitated the deal, Matthew Scow said “This is a prime relocation site, with over 40 years of successful operations, which shows huge commitment to this prime trade area in Virginia.” 

This 7-Eleven site is a 4,650 square-foot building that sits on 1.16 acres at a signalized intersection that sees over 22,000 vehicles per day. The property is located 4 miles from Langley Air Force Base and 5 miles from Newport News Shipbuilding, the largest employer in Virginia. Hampton, VA is also home to 4 colleges: Hampton University (3,250 students), Old Dominion University (24,000 students), Christopher Newport University (4,500 students), and Virginia Wesleyan University (1,250 students).

“After reaching an agreement, the buyer went non-refundable and we successfully navigated the escrow process to secure the necessary financing and close the deal at a favorable cap rate,” Scow concluded.

The successful sale of this 7-Eleven property highlights Secure Net Lease’s expertise in delivering value to clients. With its prime location, long-standing operational history, and proximity to major economic drivers and educational institutions, the property represents a solid investment in the growing Hampton area. This transaction underscores the firm’s ability to identify high-potential opportunities and provide seamless brokerage services to its clients.

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.

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, a nationally recognized brokerage firm, orchestrated the sale of a 7 Brew Coffee in Red Oak, Texas. This property sold at a strong cap rate to a tenant buyer from Kansas in an all cash transaction.

The agent who facilitated this deal, Kyle Varni, said “Initially, we had a prospective buyer interested in the 7 Brew location in Odessa. However, we redirected their interest to the 7 Brew in Red Oak, which turned out to be a smooth transition.”

This 510 square-foot 7 Brew Coffee is located at a signalized intersection on a main retail corridor on East Ovilla Road (20,000+ VPD), just off of Interstate 35 (83,838+ VPD). It is only 1 mile from the $1+ billion Google and Compass Datacenters, 1.5 miles from Red Oak High School (2,160+ Students), and less than 2 miles from Texas State Technical College (10,200+ Students), the #3 Trade School in Texas. This high growth suburb of Dallas, Texas has strong income demographics and has had a 41.75% population increase since 2020.

“They exercised their right of first refusal (ROFR) on the location, simplifying the entire process for us. As a result, the closing was seamless, and the property sold at a strong cap rate relative to the area.” Varni concluded.

The successful sale of the 7 Brew Coffee in Red Oak, Texas, highlights Secure Net Lease’s expertise in efficiency and underscores the growing demand for well-positioned, high-traffic retail assets in thriving suburban markets. With a seamless closing process and a strong cap rate achieved, Secure Net Lease continues to deliver exceptional results for its clients nationwide.

Unlike most coffee chains, 7 Brew’s unique business model centers solely on drive-thru business, with no interior sit-down space in their compact 500-square-foot stands. Since 2017, 7 Brew has grown to over 210 locations in 26 states and continues to expand rapidly with a recent investment from Blackstone, the world’s largest commercial RE owner.

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, a top ranking brokerage firm, facilitated the sale of an Advance Auto Parts in Hondo, Texas, right outside of San Antonio. The property was sold in an all-cash deal to a local 1031 exchange buyer.

The agent who orchestrated the deal, Anthony Pucciarello, said “We recently sold both this Starbucks and an Advance Auto Parts location in Hondo to the same 1031 exchange buyer. The transaction was incredibly smooth, as the buyer, a motivated investor, closed the deal within about 14 days of signing the contract.”

The 6,889 square-foot building is strategically located on the I-90 & I-173 Interchange, which sees over 25,000 vehicles per day. It is positioned in a dense retail corridor with anchor tenants H-E-B, Walmart, and Tractor Supply. Other nearby national tenants include McDonalds, Taco Bell, Whataburger, Best Western and more. This property is also near South Texas Regional Airport and Hondo High School. 

“The buyer was a local exchange buyer from Round Rock who had just sold his family ranch nearby, so he was already familiar with and fond of the area. Our seller had the opportunity to meet him in person at the property, which further strengthened the relationship. Now, the buyer has expressed interest in purchasing additional properties from us in the future” the agent concluded.

The property’s prime location, surrounded by high-traffic businesses and close to key landmarks, made this an attractive investment. The buyer, familiar with the area, completed the deal swiftly within 14 days. This transaction has fostered a strong relationship between the buyer and Secure Net Lease, with potential for future collaborations on additional property sales.

Advance Auto Parts is a leading provider of automotive aftermarket parts, serving professional mechanics and DIY customers. As of 2024, the company operates 4,781 stores across the U.S., Canada, Puerto Rico, and the U.S. Virgin Islands, along with supporting 1,125 independently owned Carquest locations. Advance Auto Parts reported annual revenue of approximately $11 billion for its most recent fiscal year​. 

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.

Now, the buyer has expressed interest in purchasing additional properties from us in the future.

Secure Net Lease, a top ranking brokerage firm, facilitated the sale of a Starbucks in Hondo, Texas, right outside of San Antonio. The property was sold in an all-cash deal to a local 1031 exchange buyer.

The agent who orchestrated the deal, Anthony Pucciarello, said “We recently sold both this Starbucks and an Advance Auto Parts location in Hondo to the same 1031 exchange buyer. The transaction was incredibly smooth, as the buyer, a motivated investor, closed the deal within about 14 days of signing the contract.”

The 2,225 square-foot building is strategically located on the I-90 & I-173 Interchange, which sees over 25,000 vehicles per day. This property is located between several other high-traffic stores: McDonalds (260,638 yearly store visits), Golden Chick (96,680 yearly store visits), and Taco Bell (48,753 yearly store visits). It is also near Walmart (485,505 yearly store visits) and HEB (419,503 yearly store visits). It is also located near South Texas Regional Airport (68 flights/day) and Hondo High School (576 students).

“The buyer was a local exchange buyer from Round Rock who had just sold his family ranch nearby, so he was already familiar with and fond of the area. Our seller had the opportunity to meet him in person at the property, which further strengthened the relationship. Now, the buyer has expressed interest in purchasing additional properties from us in the future” the agent concluded.

The property’s prime location, surrounded by high-traffic businesses and close to key landmarks, made this an attractive investment. The buyer, familiar with the area, completed the deal swiftly within 14 days. This transaction has fostered a strong relationship between the buyer and Secure Net Lease, with potential for future collaborations on additional property sales.

Starbucks Corporation is the premier and largest purveyor of coffee in the world. They are an investment grade tenant, being rated BBB+ by S&P and having reported $29.46 billion in revenue for 2023. The multi-national chain has 35,711 locations in 80 countries worldwide with 16,255 locations in the United States. They saw strong revenue growth of 11% during 2022 when comparing 2021 largely attributed to 36% revenue growth from their licensed stores.

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.

Now, the buyer has expressed interest in purchasing additional properties from us in the future.

August 21, 2024 – Secure Net Lease, a top ranking brokerage firm, orchestrated the sale of a multi-tenant shopping center, Shoppes at Whitestown (Lot 6), located in the fastest growing community in Indiana every year for a decade, Whitestown. The property was sold to a private investor from Minnesota at a record-low cap rate for the Whitestown market.

The agent who facilitated the deal, Sam House, said “We received nine offers on this property, so it generated significant interest. We partnered with a broker highly familiar with Secure Net Lease who had previously worked with the buyer who was eager to expand market share in Whitestown, Indiana.” 

Shoppes at Whitestown – Lot 6 is part of three separate retail outparcels within a 500,000 SF regional retail development at the high profile and heavily trafficked intersection of Interstate 65 and Whitestown Parkway. Lot 6 is occupied by Bibibop Asian Grill, Hummus Republic, and American Mattress. It is an outparcel to a recently developed and fully leased class A regional power center anchored by Hobby Lobby, Burlington, TJ Maxx, Ross, and Planet Fitness. Whitestown is one of the most affluent submarkets in the state with an average household income of approximately $167,300 and median household income of approximately $127,500 within a 5-mile radius of subject property.

“The transaction went smoothly, and we closed at a record-high price per square foot and record-low cap rate for the area. This was also one of the first multi-tenant closings in Whitestown, setting a new benchmark. We were very excited about how it all came together,” the agent concluded.

This was a unique opportunity to acquire a stabilized, multi-tenant retail property in a continuously growing and highly sought after family-oriented submarket with extremely low vacancy and multiple barriers to entry.

The sale of Shoppes at Whitestown – Lot 6 highlights the demand for retail properties in one of Indiana’s fastest-growing and most affluent communities. With a record-low cap rate and high level of investor interest, the transaction underscores the strong appeal of Whitestown’s thriving retail market and its strategic location near major highways. The deal not only reflects Secure Net Lease’s expertise in securing competitive offers but also sets a new standard for multi-tenant property sales in the area, making it a significant milestone for the Whitestown market.

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.

The transaction went smoothly, and we closed at a record-high price per square foot and record-low cap rate for the area.

August 20, 2024 – Secure Net Lease, a top ranking brokerage firm, facilitated the sale of a Starbucks in Greeley, Colorado’s fastest growing city. The property sold at a favorable cap rate for the seller to a local Colorado buyer.

The agent who orchestrated the deal, Matthew Scow, said “We took over this Starbucks from another broker while it was still on the market. We ultimately found a local Colorado buyer who represented themselves.”

The 2,074 square-foot coffee shop sits on 0.95 acres right across the street from Banner Health North Colorado Medical Center, the largest hospital in Northern Colorado. The facility has 378 beds, over 3,000 healthcare professionals, and sees nearly 2,000 patients every day. It is also less than 1 mile from The University of Northern Colorado, home to over 9,000 students, and 3 miles from Greeley-Weld County Airport. The property’s prime location and tenant make this a very attractive investment.

“This was a unique buyer situation as they were in an exchange after selling some mineral rights, which made this Starbucks a perfect fit with this price point. Ultimately, it was a win-win, and the transaction completed successfully.” the agent concluded.

The sale of this Starbucks property in Greeley reflects Secure Net Lease’s expertise in finding tailored solutions for both buyers and sellers. With a prime location near major healthcare, educational, and transportation hubs, this property offers solid investment potential in one of Colorado’s fastest-growing cities. By matching the right buyer with the seller’s goals, Secure Net Lease demonstrated its ability to deliver favorable outcomes for all parties involved.

Starbucks Corporation is the premier and largest purveyor of coffee in the world. They are an investment grade tenant, being rated BBB+ by S&P and having reported $29.46 billion in revenue for 2023. The multi-national chain has 35,711 locations in 80 countries worldwide with 16,255 locations in the United States. They saw strong revenue growth of 11% during 2022 when comparing 2021 largely attributed to 36% revenue growth from their licensed stores.

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.

This was a unique buyer situation as they were in an exchange after selling some mineral rights, which made this Starbucks a perfect fit with this price point.

August 15, 2024 – Secure Net Lease, a nationally recognized brokerage firm, orchestrated the sale of a 7 Brew Coffee in Midland, Texas. This property generated a lot of interest and sold at an aggressive cap rate to a private investor from California.

The agent who facilitated this deal, Kyle Varni, said “This was a great deal to get across the finish line. The listing attracted strong interest, resulting in multiple offers and creating a competitive bidding environment.”

This 510 square-foot 7 Brew Coffee is located on Loop 250 in Midland, Texas, a major thoroughfare for the Midland area that sees over 52,700 vehicles per day. The property is located directly across from Midland Park Mall, a 635,788+ square-foot shopping mall with 6 anchor tenants including Dillard’s, JCPenny, and Dick’s Sporting Goods. It is also only one mile from Midland College, a public community college with over 5,180 enrolled students and over 800 employees. Midland College makes up 704,752 square feet and has a 224 acre campus.

“We secured an aggressive cap rate with a motivated 1031 buyer from California. We worked through a minor lease amendment, and the overall process went smoothly. The buyer visited the site, met with the franchise, and we successfully closed the deal at a very competitive cap rate for this market” Varni concluded.

This sale of the 7 Brew Coffee property in Midland, Texas highlights Secure Net Lease’s expertise in facilitating deals with high-demand investment opportunities. Kyle Varni was able to generate competitive interest and deliver a smooth transaction process.

Unlike most coffee chains, 7 Brew’s unique business model centers solely on drive-thru business, with no interior sit-down space in their compact 500-square-foot stands. Since 2017, 7 Brew has grown to over 210 locations in 26 states and continues to expand rapidly with a recent investment from Blackstone, the world’s largest commercial RE owner.

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

The listing attracted strong interest, resulting in multiple offers and creating a competitive bidding environment.