Just Closed (100% of List Price):
Single Tenant Taco Bell Ground Lease Southgate, MI
5.23% CAP RATE
Dear Client:
CBRE's Team O'Connor-Hesano, on behalf of a private, out-of-state seller, is pleased to announce the recent sale of a single tenant absolute net leased Taco Bell in Southgate, Michigan. At the time of the closing, the lease to Taco Bell had 13 years remaining on its current lease term.
Due to the quality of the asset as well as market demand, our client ultimately decided to go with an all cash, short-time-frame offer and the transaction closed in under 20 days!
If you would like further details on the sale or if you would like to see how CBRE in conjunction with Team O'Connor-Hesano can produce similar results on your behalf please contact us at your convenience. We are ready to serve, consult and execute on your behalf in any of your commercial real estate needs.
Thank you,
Bill O'Connor
and
David Hesano
Brought to You by
Team O'Connor-Hesano:
Driving Price and Adding Value Through Experience and Market Knowledge