Recently Sold – DIRECTV Data Center and Broadcasting Facility
Thomas Company is pleased to announce the successful sale of a mission critical data center and broadcasting facility in Tucson, Arizona. The property, totaling approximately 14,000 square feet, is leased to DIRECTV, LLC on a long-term absolute triple-net (NNN) basis with 18 years of term remaining, delivering a truly passive and stable income stream. The facility sold for approximately $8,000,000.
Key Highlights
- This site is a vital component of DIRECTV’s technical infrastructure, housing the systems and equipment necessary to transmit broadcast signals to satellites in orbit and supporting the company’s day-to-day operations. Its strategic importance underscores the stability and reliability of the income generated from the lease.
- DIRECTV is a leading provider of satellite television services in the United States, serving over 11 million subscribers. The property’s long-term lease to a strong national tenant provides investors with dependable cash flow and a secure, long-term foundation.
For more information on similar investment opportunities, please contact Jeffrey Thomas at Thomas Company.
Recently Sold – 18 Property CVS Portfolio
Thomas Company is pleased to announce the successful sale of an 18 property CVS Pharmacy portfolio. Each property was structured as a zero-cash-flow investment, presenting a unique opportunity for the buyer to acquire a large-scale portfolio with minimal equity requirements. This transaction showcases Thomas Company’s expertise in structuring and executing zero-cash-flow deals, delivering strategic outcomes that create value for all parties involved.
Key Highlights
- The portfolio, consisting of 18 CVS Pharmacy properties, totaled approximately 261,000 square feet across prime U.S. markets. All properties are backed by bondable absolute triple-net leases with no landlord responsibilities.
- This portfolio consisted of mature zero-cash-flow assets generating significant phantom income for the owner. Due to the owner's preference, the offering was marketed discreetly. Thomas Company successfully navigated challenges, including defeasance, entity restructuring, multiple extensions, and a rigorous due diligence process.
For more information on similar investment opportunities, please contact Jeffrey Thomas at Thomas Company.
Recently Sold – CVS, Miami, FL
Thomas Company is pleased to announce the successful sale of a Zero Cash Flow CVS Pharmacy located in Miami, Florida. The building totals 12,900 square feet of retail space on 1.43 acres and is backed by a bondable absolute triple-net lease with no landlord responsibilities and over 20 years of term remaining. The property was offered at approximately $11.5 million and structured as a zero-cash flow investment with a paydown/re-advance feature, allowing an investor to meet a larger 1031 exchange requirement with limited equity and cash out additional equity tax-free.
Key Highlights
- Located in the high-growth Miami metropolitan area, the property benefits from strong demographics, including high average household incomes and a dense population base. The fully amortizing nature of the loan and high leverage potential make this investment especially attractive for buyers seeking tax-efficient opportunities.
- With strong corporate credit (S&P: BBB), CVS Health Corporation is one of the largest pharmacy health providers in the United States. The company’s scale, diversified operations, and established customer base provide a solid foundation for long-term lease stability.
For more information on similar investment opportunities, please contact Ben Smith at Thomas Company.
Recently Sold – 2 Property CVS Portfolio
Thomas Company is pleased to announce the successful closing of two zero-cash-flow CVS properties in Great Falls, Montana, and Newman, Georgia. These properties were originated as zero-cash-flow investments with a paydown/re-advance feature, allowing an investor to meet a 1031 exchange requirement with limited equity.
Key Highlights
- Totaling approximately 26,000 square feet, the combined sales price for the portfolio was approximately $8 million. Both properties are fee simple and structured with bondable absolute triple-net leases with no landlord responsibilities.
- With strong corporate credit (S&P: BBB), CVS Health Corporation stands as one of the largest pharmacy health providers in the United States. The company’s scale, diversified business lines, and well-established customer base provide a solid foundation for long-term lease stability.
For more information on similar investment opportunities, please contact Jeffrey Thomas at Thomas Company.
Recently Sold – Fiat Chrysler Distribution Center
Thomas Company is pleased to announce the successful sale of a 1,200,000 square foot Fiat Chrysler Automobiles (FCA) National Parts Distribution Center; a premier industrial property located in Detroit’s leading industrial market. The site is positioned adjacent to two FCA manufacturing plants, offering exceptional accessibility and strategic proximity to the automotive hub. FCA US LLC has maintained a long-term presence on the site since 1965.
Key Highlights
- The FCA building, which totals approximately 1,200,000 square feet of mission-critical distribution and office space on 59 acres in Warren, Michigan, is fully leased on an absolute triple-net basis with no landlord responsibilities.
- As a subsidiary of Stellantis N.V., FCA US LLC operates an iconic portfolio of brands, including Jeep, Ram, Dodge, Chrysler, and Fiat. The company’s diverse product lines, extensive manufacturing operations, and multi-decade commitment to this location underpin a stable cash flow profile for investors.
For additional information on comparable investment opportunities, please contact Jeffrey Thomas at Thomas Company.
Recently Sold - $140M Volkswagen Gulf Coast Vehicle Terminal – Freeport, Texas
Thomas Company is pleased to announce the successful sale of the Volkswagen Vehicle Import Processing Facility in Freeport, Texas. Spanning over 120 acres, this mission-critical logistics hub serves as Volkswagen’s new Gulf Coast Terminal, facilitating the import of over 140,000 vehicles annually from Europe and Mexico for distribution to more than 300 dealerships nationwide.
The property, offered at approximately $140 million, was structured as a zero-cash-flow investment with long-term fixed-rate CTL financing in place. This unique structure provided the buyer with significant tax advantages, including the ability to depreciate their full cost basis due to the asset’s ground lease structure with Port Freeport.
The purchaser was drawn to this investment for its strong credit profile, anchored by a 20-year triple-net lease with Volkswagen Group of America and guaranteed by Volkswagen AG (S&P: BBB+). The transaction was further strengthened by the assumable, fully amortizing mortgage with no balloon payment, offering substantial tax and depreciation benefits.
This transaction highlights Thomas Company’s ongoing commitment to structuring and executing tax-efficient, institutional-grade net lease investments. We extend our sincere appreciation to all parties whose collaboration was instrumental in achieving a successful close.
For more information on similar investment opportunities, please contact Jeffrey Thomas at Thomas Company.
Recently Sold – Riddell Manufacturing and Distribution Facility
Thomas Company is pleased to announce the successful sale of a mission-critical Riddell Sports Group manufacturing and distribution facility in North Ridgeville, OH (Cleveland MSA). This facility totals almost 350,000 square feet on 38 acres of land. The buyer assumed in place financing at an attractive interest rate with a maturity date in 2027. There is approximately 12 years remaining on this absolute triple net lease.
Key Highlights
- Riddell is an industry leader in designing and manufacturing football equipment, protective sports equipment, and head impact monitoring technologies. This mission-critical site is the largest facility Riddell operates, and where all football helmets are made.
- With 12 years of lease term remaining and an attractive assumable interest rate, this asset provided an excellent opportunity for the buyer looking for passive, cash-flowing investments.
Recently Sold - DIRECTV Data Center Portfolio
Thomas Company is pleased to announce the successful sale of two DIRECTV data center uplink and broadcasting facilities, strategically located in Englewood, Colorado (Denver MSA) and Bakersfield, California. These assets include over 24,000 square feet of space situated on more than 17 acres of land, with a remaining lease term of 20 years under an absolute triple net lease structure, and no landlord responsibilities. The combined list price for these properties was approximately $14 million.
Key Highlights
- These uplink facilities are mission-critical sites for DIRECTV’s day-to-day operations and are a part of the technical core of DIRECTV, housing critical infrastructure that makes broadcast signals viable. These sites are used to send broadcast signals to DIRECTV satellites in orbit.
- Brand new 20-year absolute triple net leases with no landlord responsibilities and 3% annual escalations provide an excellent opportunity for an investor looking for passive, cash-flowing investments.
- DIRECTV is a leading provider of satellite television services in the United States with over 14 million subscribers. DIRECTV offers a comprehensive television service with a wide range of channels, sports coverage, and features that cater to the diverse preferences of its subscribers.
Recently Sold - Chipotle, Christiansburg
Thomas Company is pleased to announce the successful closing of a Chipotle Mexican Grill (NYSE: CMG) located in Christiansburg, VA. This fee simple interest property totals 2,350 square feet of retail space with over 7 years of term remaining with 10% escalations. This property had limited landlord responsibilities. This Chipotle location has a drive-thru and is 4 miles from Virginia Tech, in the newly developed Christiansburg Marketplace. The list price for this property was approximately $2 million.
Key Highlights
- The Christiansburg Marketplace serves as a hub for retail, dining, and entertainment, attracting both residents and visitors alike. The inclusion of drive-thru facilities have become increasingly popular due to their efficiency and accessibility, especially in areas with high traffic volume such as university campuses.
- Proximity to Virginia Tech University: Investing in a property located just 4 miles from Virginia Tech University presents a remarkable opportunity. With a student body exceeding 30,000, the demand for various amenities, including food and beverage options, housing, and retail services, is consistently high. The property’s location within the newly developed Christiansburg Marketplace further enhances its investment appeal experiencing rapid growth and increased economic activity, presenting prime opportunities for investors.
Recently Sold – Verizon Wireless, Christiansburg, VA
Thomas Company is pleased to announce the successful closing of a Verizon Wireless (NYSE: VZ) located in Christiansburg, VA in the newly developed Christiansburg Marketplace. This fee simple interest property totals 2,500 square feet of retail space with over 7 years of term remaining and 5% escalations. This property offers limited landlord responsibilities. The list price for this property was approximately $2 million.
Key Highlights
- Investing in a property only 4 miles from Virginia Tech University offers a unique opportunity. The student population, surpassing 30,000, ensures constant demand for amenities like dining, housing, and retail. Situated within the newly developed Christiansburg Marketplace, the property benefits from burgeoning economic activity, making it an attractive investment prospect.
- This newly built free-standing building comes with limited landlord responsibilities and 5% escalations offering the new owners a hedge against inflation.