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Mavis Discount Tire property sells for $3.5M in Ocean County
Arranged by Marcus & Millichap, the deal underscores investor appetite for stable opportunities and "durable cash flow."
Freehold 7-11 property sells for $4.7M, Marcus & Millichap says
According to Senior Managing Director Investments Alan Cafiero, "Credit tenant net lease properties continue to outperform the market and are a natural fit for many 1031 exchange investors.”
Central Jersey Vitamin Shoppe location sells for $3.5M
The location is one of the most sought-after when it comes to retail in New Jersey, offering frontage on both the east- and westbound lanes along Route 22.
Net-leased Wawa fetches $6.5M in Ocean County
Marcus & Millichap has closed three sales for the convenience store's locations over the same number of months.
Wawa’s 1,000th store sells for $6.25M in Camden County
“With a focus on streamlining our client’s portfolio, we strategically shifted their investment from a management-intensive asset to a more passive investment, aligning with their goal for long-term stability and growth,” explained Scott Woodard, part of the Marcus & Millichap team that arranged the deal.
Sonic property in Middlesex County finds new owner
Marcus & Millichap arranged the sale of the $2.19 million sale of the site, which the firm said generated "significant interest" from investors.
Marcus & Millichap arranges net-leased property sale in Howell
According to a member of the team that had the exclusive assignment to market the site of the well-known tire outlet, "There were several offers received within the first few days, which ultimately led to a full price offer from a 1031 exchange buyer."
California investor purchases Somerset County standalone retail property
The firm said it arranged the sale of the CVS-occupied property for $10.9 million.
Net-leased auto service, fueling location sells for $4.15M
Marcus & Millichap's Cafiero Group arranged the deal, which involved an out-of-state buyer in a 1031 exchange.
First National Realty Partners expands executive team
Doug Holtzman joins the Red Bank-based firm in a new position for the company: vice president of NNN leasing and acquisitions.
Net-leased Union property sells for $2.25M, M&M says
Marcus & Millichap announced the sale of the 16,553-square-foot quick service restaurant, which shows QSRs "continue to be one of the hottest net lease sectors among 1031 investors looking for stable cashflow," according to investment specialist Alan Cafiero.
Net-leased BofA property sells for $3.8M
“Single tenant properties in northern New Jersey are commanding significant interest in today’s market," Marcus & Millichap Investment Specialist Alan Cafiero said. "Properties that have credit tenants are especially of interest."
