The Net Lease Group Sells Flowers Foods Distribution Center in Griffin, GA

Rick Ross, Senior Director of The Net Lease Group (NLG) arranged the sale of a retail/distribution facility leased for 10 years to Flowers Baking of Villa Rica, LLC, a wholly owned operating subsidiary of Flowers Foods, Inc. (NYSE: FLO). The property is located in Griffin, Georgia. A 1031 exchange buyer acquired the asset.
Generating multiple offers, NLG put the property under contract within several basis points of the asking price. The NN 10-year Flowers lease contained fixed annual rent escalations in year six.
Flowers Foods, Inc. generated 2019 FY sales of $4.1 Billion through a nationwide network of 49 bakeries which operate as wholly owned subsidiaries. Flowers’ mix of brands includes Nature’s Own, Wonder Bread, and Sunbeam, along with organic brands, Dave’s Killer Bread and Alpine Valley Organic.
For information on current properties The Net Lease Group is marketing, please visit our properties page.

The Net Lease Group sells Walgreen’s

The Net Lease Group is pleased to announce the closing of two zero cash flow Walgreen’s in Madeira Beach, FL and Lutz, FL. This deal consisted of the leasehold interest in the Walgreen’s retail properties, one hundred (100%) leased to Walgreen’s Company through a bondable triple net lease with zero free cash flow during the initial term.
• 1031 Exchange Buyer
• Properties are 100% Leased to Walgreen’s through a Bondable Triple Net Lease
• Sold Close to Asking Price
• Zero Cash Flow Leasehold Structure
• Paydown-Readvance Feature in the Debt Documents
• Tax Advantaged, Zero Cash Flow Structure
The Seller was represented by Philip Wickstrom, Managing Principal.
For information on current properties The Net Lease Group is marketing, please visit our properties page.

The Net Lease Group sells Wendy’s

The Net Lease Group is pleased to announce the closing of a triple net lease investment property located in Tampa, FL.
• Property 100% Leased to Wendy’s
• 1031 Exchange Buyer
• Sold Close to Asking Price, All Cash
• Short Remaining Lease Term
• Short Due Diligence and Closing Period
• Generated Multiple Offers
The Seller was represented by Philip Wickstrom, Managing Principal.

For information on current properties The Net Lease Group is marketing, please visit our properties page.

The Net Lease Group sells Heartland Dental and Wells Fargo ATM Pad

The Net Lease Group is pleased to announce the closing of a net lease investment property located in Canton, GA.

  • Property 100% Leased to Heartland Dental and Wells Fargo Bank, N.A.
  • Sold Close to Asking Price
  • Institutional Buyer
  • All Cash, Quick Closing
  • Generated multiple offers, including offers above asking price

The Seller was represented by Philip Wickstrom, Managing Principal.

For information on current properties The Net Lease Group is marketing, please visit our properties page.

The Net Lease Group sells Chick-fil-A in Bluffton, SC

The Net Lease Group is pleased to announce the closing of a net lease investment property located in Bluffton, SC.

  • Property 100% Ground Leased to Chick-fil-A
  • Sold close to asking price
  • All Cash Buyer
  • Short Inspection and Closing Period
  • Generated Multiple Offers

The Seller was represented by Philip Wickstrom, Managing Principal.

For information on current properties The Net Lease Group is marketing, please visit our properties page.

The Net Lease Group Sells Walgreen’s Portfolio Zero Cash Flow NNN Lease

The Net Lease Group is pleased to announce the closing of a zero cash flow Walgreens in Laurel, MD. This deal consisted of the leasehold interest in a Walgreen’s retail property, one hundred percent (100%) leased to Walgreen’s Company through a bondable triple net lease with zero free cash flow during the initial term.
• 1031 Exchange Buyer
• Sold at Full Asking Price $7,158,610
• Property 100% Leased to Walgreen’s through a Bondable Triple Net Lease
• Zero Cash Flow Leasehold Structure
• Tax Advantaged, Zero Cash Flow Structure
• Paydown-Readvance Feature in the Debt Documents
The seller was represented by NLG’s Philip Wickstrom, Managing Principal.
For information on properties The Net Lease Group is marketing for sale, please visit our website’s properties page.

The Net Lease Group Sells Walgreen’s Portfolio Zero Cash Flow NNN Lease

The Net Lease Group is pleased to announce the closing of a zero cash flow Walgreens portfolio. The portfolio consisted of the leasehold interest in four Walgreen’s retail properties, one hundred percent (100%) leased to Walgreen’s Company through a bondable triple net lease with zero free cash flow during the initial term.
• 1031 Exchange Buyer
• Sold at Full Asking Price $15,956,187
• Each property 100% Leased to Walgreen’s through a Bondable Triple Net Lease
• Zero Cash Flow Leasehold Structure
• Tax Advantaged, Zero Cash Flow Structure
• Paydown-Readvance Feature in the Debt Documents
The seller was represented by NLG’s Philip Wickstrom, Managing Principal.
For information on properties The Net Lease Group is marketing for sale, please visit our website’s properties page.

The Net Lease Group Sells Flowers Foods Distribution Facility in Carrollton, GA

The Net Lease Group Sells Flowers Foods Distribution Facility in Carrollton, Georgia

Rick Ross, Senior Director of The Net Lease Group (NLG) arranged the sale of a new build to suit retail/distribution facility leased for 15 years to Flowers Baking of Villa Rica, LLC, a wholly owned operating subsidiary of Flowers Foods, Inc. (NYSE: FLO).  The property is located in Carrollton, Georgia. NLG represented the seller, a build to suit developer.   A Georgia investor acquired the property for $1.88 Million, closing only days after Term Commencement.

NLG put the property under contract very soon after the commencement of marketing within several basis points of the asking price. The NN 15-year Flowers lease contained fixed annual rent escalations through the primary and option terms.

Flowers Foods, Inc. generated 2017 FY sales of $3.9 Billion through a nationwide network of 49 bakeries which operate as wholly owned subsidiaries. Flowers’ mix of brands includes Nature’s Own, Wonder Bread, and Sunbeam, along with organic brands, Dave’s Killer Bread and Alpine Valley Organic.