Disposition of Net Lease Properties: Speedemissions - Houston TX
Challenges:
- Regional credit tenant on small land tract (9,000 SF) with minimal alternative use options.
- Short remaining lease term.
- Seller had high price expectations.
Solutions and Services Provided:
- Promoted occupancy history of the site and location on a heavily trafficked Houston road.
- The asset was heavily marketed throughout the country and multiple offers were generated from both local and out of state investors.
Results:
- Worked through tenant lease issues with constant communication between both the Buyer and Seller.
- Achieved aggressive price point with a quick cash close.
For information about how HighStreet Net Lease Group assists in the acquisition and disposition of net lease properties, contact us.
