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.
Recently Sold – Navarro Pharmacy (CVS), Hialeah, FL
Thomas Company is pleased to announce the successful closing of a Navarro Discount Pharmacy located in Hialeah, Florida (Miami MSA). This leasehold interest property totals 16,947 square feet of retail space with over 17 years of term remaining. This property featured an absolute triple-net lease with no landlord responsibilities and over 52 years of ground control remaining. The list price for this property was approximately $6 million.
Key Highlights
- CVS Health Corporation (S&P: BBB, NYSE: CVS), together with its subsidiaries, is one of the largest pharmacy health providers in the United States, operating more than 9,900 retail drugstores in the United States, Puerto Rico, and Brazil.
- Hialeah is a city in Miami-Dade County, and the 6th largest city in Florida. It is the second largest city by population in the Miami metropolitan area, which was home to an estimated 7,000,000 people. Miami Metro is one of the top 10 largest metropolitan areas in the United States.
Recently Sold - Walgreens, Shallotte, NC
Thomas Company is pleased to announce the successful closing of a Walgreens pharmacy located in Shallotte, North Carolina. The building totaled 13,539 square feet of retail space on 1.85 acres with 74 parking spaces. The property was offered free and clear of debt and was structured with an absolute triple-net lease with no landlord responsibilities. The list price for this property was approximately $5 million.
Key Highlights
- With its extensive network of over 8,000 pharmacies and strong brand recognition, Walgreens commands a significant share of the pharmacy market, making it an attractive investment opportunity for investors seeking exposure to a leading player in the healthcare industry.
- This property offers a stable revenue stream due to consistent demand for prescription medications and healthcare products, providing investors with a reliable source of income with absolutely no landlord responsibilities.
Recently Sold – Walgreens, Woodinville, WA
Thomas Company is pleased to announce the successful closing of a Walgreens pharmacy ideally located in Woodinville, Washington (Seattle MSA). The building totaled 14,820 square feet of retail space on 2.15 acres with 49 parking spaces. The property was offered free and clear of debt and was structured with an absolute triple-net lease with no landlord responsibilities. The list price for this property was approximately $7 million.
Key Highlights
- With its extensive network of over 8,000 pharmacies and strong brand recognition, Walgreens commands a significant share of the pharmacy market, making it an attractive investment opportunity for investors seeking exposure to a leading player in the healthcare industry.
- This property offers a stable revenue stream due to consistent demand for prescription medications and healthcare products, providing investors with a reliable source of income with absolutely no landlord responsibilities.
Recently Sold - CVS, Plano, TX
Thomas Company is pleased to announce the recent sale of a CVS in Plano, Texas. The asset totals over 11,000 square feet with over 22 years remaining on the term. The list price was approximately $9.5 million.
Key Highlights
- CVS Health Corporation (S&P: BBB, NYSE: CVS), together with its subsidiaries, is one of the largest pharmacy health providers in the United States, operating more than 9,900 retail drugstores in the United States, Puerto Rico, and Brazil.
- Plano, Texas is a thriving city located in the Dallas-Fort Worth metropolitan area. With a population of over 290,000 people, it is one of the largest suburbs of Dallas and is known for its strong economy, excellent schools, and family-friendly community.
Recently Sold - CVS, Castle Rock, CO
Thomas Company is pleased to announce the recent sale of a CVS in Castle Rock, Colorado. The asset totals over 13,000 square feet with over 22 years remaining on the term. The list price was approximately $6.7 million.
Key Highlights
- Castle Rock, CO is a growing town just outside of Denver. With a population of over 75,000 people and an average household income of over $118,000 Castle Rock offers excellent growth potential for investors.
- The property is subject to an absolute NNN lease where the tenant has responsibility for all repair and maintenance of the Property, and the Landlord has no responsibility.
Recently Sold - CVS, Frisco, TX
Thomas Company is pleased to announce the recent sale of a CVS in Frisco, Texas. The asset totals over 15,000 square feet with over 22 years remaining on the term. The list price was approximately $7.9 million.
Key Highlights
- CVS Health Corporation (S&P: BBB, NYSE: CVS), together with its subsidiaries, is one of the largest pharmacy health providers in the United States, operating more than 9,900 retail drugstores in the United States, Puerto Rico, and Brazil.
- The property is subject to an absolute NNN lease where the tenant has responsibility for all repair and maintenance of the Property, and the Landlord has no responsibility.