October 2022 | Thomas Company Net Lease Relocates to Sun Valley Idaho

After nearly a decade in Seattle, Thomas Company is pleased to announce its relocation to Sun Valley, Idaho. The company has also expanded its team with new employees in Boise joining other remote colleagues both nationally and internationally. Read more >

September 2022 | Recently Sold – CVS, Moss Bluff, LA

Thomas Company is pleased to announce the recent sale of a CVS Pharmacy located in Moss Bluff, Louisiana. The asset was structured with long-term fixed-rate CTL financing. The transaction underscores the market’s ongoing demand for zero-cash-flow product. Read more >

September 2022 | Recently Sold – CVS, Louisville, KY

Thomas Company is pleased to announce the closing of a CVS Pharmacy leasehold located in Louisville, Kentucky. The property recently opened in 2019 and totals over 9,700 SF in size. Read more >

August 2022 | Recently Sold – CVS, Belle Mead, NJ

Thomas Company is pleased to announce the closing of a CVS Pharmacy leasehold located in Belle Mead, New Jersey. The property recently opened in 2019 and totals over 13,200 SF in size. Read more >

July 2022 | Thomas Company Negotiates Sale of 47-Property CVS Portfolio

Thomas Company is pleased to announce the completed individual sales of a 47-property CVS portfolio. The properties were offered as highly leveraged zero-cash-flow investments, with attractively priced loans on each property that will fully-amortize prior to the expiration of each lease. Each property is leased on a bondable triple-net basis, with CVS responsible for all repair and maintenance. Read more >

July 2022 | Recently Sold – CVS Portfolio

Thomas Company is pleased to announce the recent sale of a four-property CVS retail portfolio – two locations in Maryland and two in Texas. The portfolio totaled approximately 52,423 square feet.  Read more >

July 2022 | Recently Sold – CVS Pharmacy, Bath, ME

Thomas Company is pleased to announce the sale of a well-located CVS store in Bath, ME totaling +/- 11,945 square feet of retail space. The property was offered as highly leveraged zero-cash-flow investment, with an attractive, assumable loan that fully-amortizes prior to the expiration of the lease.  Read more >

July 2022 | Recently Sold – Olympia Park Ground Lease, Louisville, KY

Thomas Company is pleased to announce the recent sale of 99-year ground lease under a Class-A Office building in Louisville, Kentucky. The Property was structured as a Zero Cash Flow investment allowing the purchaser to utilize the Paydown Readvance feature to cash out their excess equity in their 1031 exchange.  Read more >

June 2022 | Recently Sold – Global Payments, Salt Lake City MSA

Thomas Company is pleased to announce the closing of a Global Payments Class-A office located in South Jordan (Salt Lake City MSA), Utah. Located in the Jordan Valley Tech Center, the five-story office building totals 106,083 square feet and is occupied by Global Payments subsidiary AdvancedMD, which provides cloud-based enterprise solutions for physician offices in the US. Read more >

May 2022 | Recently Sold – CVS Pharmacy Leasehold

Thomas Company is pleased to announce the closing of a CVS Pharmacy leasehold located in Clinton, Connecticut. The property recently opened in 2019 and totals over 13,000 SF in size.  Read more >

April 2022 | Q1 2022 Closings

Thomas Company is pleased to announce the closing of 12 single tenant net lease properties in 10 states during the first quarter of 2022. The properties collectively sold for over $160M and totaled over 435,000 square feet. Read more >

March 2022 | Recently Sold – CVS Pharmacy, Zapata, TX

Thomas Company is pleased to announce the recent sale of a CVS Pharmacy located in Zapata, Texas. The asset was structured with long-term fixed-rate CTL financing. The transaction underscores the market’s ongoing demand for zero-cash-flow product. Read more >

February 2022 | Recently Sold – Intuit Office Campus

Thomas Company is pleased to announce the recent sale of a Class-A Office Campus leased to software company Intuit (NASDAQ: INTU, S&P: A-) on a long-term basis. The campus is located approximately 10 miles northwest of downtown Boise in Eagle, Idaho – an affluent Boise suburb and one of the fastest-growing submarkets of the Boise MSA. Read more >

January 2022 | Recently Sold – Gateway First Bank Office Headquarters

Thomas Company is pleased to announce the recent sale of a Class-A Office Headquarters leased to Gateway First Bank on a long-term basis. The Property serves as Gateway’s corporate headquarters, housing its executive offices, administrative department, loan servicing for both the bank and mortgage divisions, human resources, retail banking, risk management, and technology department. Read more >

December 2021 | Recently Sold – ProHealth Care, Inc. HQ

Thomas Company is pleased to announce the recent sale of a Class-A Office Headquarters leased to ProHealth Care, Inc. on a long-term basis. The 112,000-SF building features a spacious lobby with 12-foot-high ceilings, several collaborative and meeting areas, a garden-level cafeteria, an executive wing, an 18-inch raised floor data center. The tenant had recently signed a long-term lease extension. Read more >

December 2021 | Recently Sold – Off-Market CVS Portfolio

Thomas Company is pleased to announce the recent sale of a four-property CVS retail portfolio – locations in Whitehall, PA, North Reading, MA, Mt. Pleasant, SC and Hardeeville, SC. The portfolio totaled approximately 49,400 square feet. Read more >

November 2021 | Recently Sold – CVS Springfield, MA

Thomas Company is pleased to announce the closing of CVS retail asset in Springfield, MA. The list price was $4.42 million. The transaction was for the leasehold interest only, allowing the buyer to depreciate 100% of their cost basis. Read more >

November 2021 | Recently Sold – CVS Richmond, TX

Thomas Company is pleased to announce the recent sale of a single-tenant CVS in Richmond, TX. The property totaled approximately 14,700 square feet and was listed at $6.2 million. The asset closed escrow just 10 business days after the LOI was submitted. Read more >

October 2021 | Recently Sold – 7-11, White Plains, MD

Thomas Company is pleased to announce the closing of a newly constructed 7-Eleven convenience store & fuel station property located in White Plains, MD. The Property closed as an off-market transaction. Read more >

October 2021 | Recently Sold – CVS Portfolio

Thomas Company is pleased to announce the recent sale of two-property CVS retail portfolio – locations in Lakewood, WA and Waverly, OH. The combined list price was approximately $12.4 million. Read more >

August 2021 | Recently Sold – Merit Medical, Houston, TX

Thomas Company is pleased to announce the recent sale of a Research & Development/Manufacturing facility leased to Merit Medical Systems, Inc. in Pearland, TX. The property totaled approximately 95,500 SF and closed as an off-market transaction. Read more >

July 2021 | Recently Sold – CVS Pharmacy, Springfield, OH

Thomas Company is pleased to announce the recent sale of a CVS retail asset in Springfield, OH totaling +/- 9,663 square feet. The list price was $2.68 million.  Read more >

June 2021 | Recently Sold – CVS Pharmacy, Alpharetta GA

Thomas Company is pleased to announce the recent sale of a CVS retail asset in Alpharetta, GA totaling +/- 13,225 square feet. The list price was $3.7 million. The buyer was attracted to the long-term lease, below-market rent, and Atlanta MSA location. Read more >

March 2021 | Recently Sold – Amazon Distribution Facility

Thomas Company is pleased to announce the recent sale of an Amazon Distribution Center in the Southeast. The property closed as an off-market transaction. The buyer was attracted to the asset due to the long lease term in pace and strong credit profile of the tenant. Read More >

October 2020 | Recently Sold – Orgill Distribution Facility, Sikeston, MO

Thomas Company is pleased to announce the sale of an Orgill distribution facility totaling +/- 1,026,000 square feet. The list price was $42.3 million. The distribution center services Orgill’s retail customers in the entire Midwest region and is the largest in Orgill’s network. The facility receives all of Orgill’s international shipments, making it a key part of Orgill’s overall distribution network. Read More >

July 2020 | Recently Sold – Bayer-Monsanto Seed Production Facility, Marana, AZ

Thomas Company is pleased to announce the sale of a Bayer/Monsanto seed production and innovation facility in Marana, Arizona, totaling +/- 436,000 square feet. The list price was $111 million. Read More >

July 2020 | Recently Sold – Vons Grocery Store, Huntington Beach, CA

Thomas Company is pleased to announce the recent sale of a Vons grocery store in the Los Angeles, California metropolitan area. The asset was unlisted and closed as an off-market transaction. Read More >

April-May 2020 | Recently Sold – CVS Zero-Cash-Flow Portfolio Transactions

Thomas Company is pleased to announce the sale of two CVS zero-cash-flow portfolio transactions, sold to the same purchaser. Read More >

April 2020 | Recently Sold – Safeway Grocery Store, Lacey, WA

Thomas Company is pleased to announce the sale of a Safeway grocery store in the Olympia, WA MSA. The tenant had executed a 20-year absolute-net lease with fixed rent increases, providing the investor long-term, stable cash flow. Read More >

February 2020 | Recently Sold – McLendon Hardware, Sumner, WA

Thomas Company is pleased to announce the sale of a +/- 32,600 square foot McLendon Hardware store located in Sumner, WA. The tenant executed a 20-year, triple net lease in 2017 with 2% annual escalations. The sale represents the fourth McClendon Hardware asset sold by Thomas Company on behalf of our client. Read more >

December 2019 | Recently Sold – McLendon Hardware, Seattle MSA

Thomas Company is pleased to announce the sale of a +/- 117,830 square foot McLendon Hardware located in Renton, WA, which is part of the greater Seattle metropolitan area. McLendon Hardware executed a 20-year, triple net lease when the property was constructed in 2017. Read more >

NNN Broker

August 2019 | Thomas Company Hires Ben Smith

Thomas Company is pleased to announce the hiring of Ben Smith, Associate Director. Ben joined Thomas Company in August 2019. As Associate Director, Ben’s primary role consists of sourcing new business opportunities and representing developers, owners, and investors in the disposition of net leased assets across the United States. Read more >

December 2018 | Thomas Company Negotiates Sale of 61-property CVS Portfolio

Thomas Company is pleased to announce the completed individual sales of a 61-property CVS portfolio. All properties within the portfolio were offered unlevered and free and clear of debt. Read more >

October 2018 | Thomas Company Negotiates Sale of Industrial Distribution Center

Thomas Company recently led the negotiations and closing of a 968,250 square foot office distribution center fully leased to Supervalu, Inc, (NYSE: SVU) which has merged with United Natural Foods (NASDAQ: UNFI) to create America’s premier food wholesaler. Read more >

May 2018 | Net Lease Stays Steady

Jeffrey Thomas was recently featured in the May issue of the Shopping Center Business story, “Net Lease Stays Steady.” Read more >

December 2017 | Thomas Company arranges sale of Orgill Inc. industrial Distribution Center

With more than $5.6 billion worth of single-tenant transactions executed successfully, Thomas Company continues to deliver superior results for our clients with the sale of a freestanding industrial distribution center. Read more >

November 2017 | Thomas Company Arranges Sale of Single Tenant Office and Manufacturing Property

Thomas Company recently led the negotiations and closing of an 82,737 square foot office and manufacturing property leased to Spectranetics, a subsidiary of Royal Philips (NYSE: PHG, S&P: BBB+).  Read more >

October 2017 | Thomas Company Arranges Sale of Research and Development Facility

Thomas Company announces the sale of a free-standing research and development facility. This mission critical property is located on over 18 acres of land in Middletown, Ohio. It is fully leased to AK Steel Holding Corporation (NYSE:AKS).  Read more >

November 2016 | Buying in Your Backyard

Many investors have heard the maxim “location, location, location” in connection with real estate, and are familiar with the idea that in order to derive value from a real estate purchase it is necessary to buy a property only in a zip code with familiar real estate fundamentals and demographics. In the net leased market, however, location is less important for two reasons. Read more >

August 2016 | Predictable Cash Flow

 

Investors who acquire net leased properties choose them for the promise of predictable cash flow. This value proposition, however, is dependent upon two key factors. Read more >

December 2015 | Real Estate Forum 2015 Top Retail Brokers

 

Jeffrey Thomas is recognized as one of Real Estate Forum’s 2015 Top Retail Brokers. Read more >

single tenant net lease

April 2015 | Thomas Company Q1 Results

 

Thomas Company announces our 2015 first quarter results, with 72 nnn, triple net lease properties sold for a total of $295 million. Thomas Company provides single tenant, net leased investment brokerage and capital markets advisory nationwide. Read more >

net leased investment properties

Dec 2014 | NNN Equity Update

By Jeff Thomas

 

The fluctuation of interest rates during the third quarter and over the past 18 months have done nothing to dampen the market for triple net properties. We have noticed this across all asset types within the sector. Read more >

Dec 2014 | Net Lease Debt Update

By Alex Chenarides, Director at Barry Slatt Mortgage

 

The market seems to have found the perfect balance between analyzing risk and making attractive finance offers on STNL credit/non-credit retail assets. CMBS has by far been the most creative capital outlet… Read more >

net lease properties

May 2014 | Net Lease Market Brief

 

We recently completed our monthly survey of available, long-term net leased Walgreens properties and wanted to share our findings. The average asking cap rate has dropped to 5.49%, the first time that the average asking cap rate has been below 5.50%. Read more >

April 2014| RealShare Net Lease Conference Series

 

RealShare NET LEASE has some big news. Net Lease leader Jeffrey S. Thomas, founder of the Thomas Company and one of the most respected minds in net lease, has joined the “Property Sectors in Focus” panel. Read more >

Dec 2013 | Daily Journal of Commerce Thomas Company Profile

 

On pace to close about $200 million of net leased investment sales in the fourth quarter of 2013, comprised of more than 700,000 square feet of office space and several single-tenant retail properties, Thomas Co. just opened its headquarters in Seattle. Read more >

Nov 2013 | Thomas Company Hires Adam Christoffersen – Globe St.

 

The Newport Beach, CA-based firm opens an office here in Seattle and adds net leased expert Christoffersen to the firm. Thomas Co.’s Seattle office will serve clients nationally and also provide Seattle-area owners of net leased real estate a boutique brokerage firm with… Read more >

net lease broker, nnn broker

Nov 2013 | Thomas Company Announces Hire of Adam Christoffersen – Yahoo Finance

 

Thomas Company, a privately held commercial real estate brokerage that provides single tenant, net leased investment brokerage and capital markets advisory nationwide, today announced the opening of its Seattle office and that net leased veteran Adam Christoffersen… Read more >

net lease properties

Sept 2013 | Net Lease Market Brief

 

We recently completed our monthly survey of available, long-term leased Walgreens properties and wanted to share our findings. The average asking cap rate made the largest month-over-month increase since July of 2009. Read more >

Aug 2013 | Jeffrey Thomas Launches Thomas Company

 

Thomas Company was launched Monday as a privately held commercial real estate firm by one of the nation’s leading net lease investment brokers, Jeffrey Thomas. Thomas Company will serve individual and institutional investors, private equity funds, REITs and developers… Read more >

July 2013 | Commercial Real Estate Veteran Launches Thomas Company

 

Thomas Company, a privately held commercial real estate firm, today announced its official launch by one of the nation’s leading net leased investment brokers, Jeffrey Thomas. Thomas Company will serve individual and institutional investors, private equity funds… Read more >