July 31, 2020
Gantry secured acquisition financing for three net-lease properties in Arizona that reflect the rise in activity involving these types of transactions. The deals were for a Dutch Bros store in Tucson, a Salad and Go restaurant in Chandler, and a Filiberto’s Mexican Food restaurant in Tucson.
The acquisitions total nearly $6 million combined. The three single-tenant NNN leased deals were acquired by the sponsor as part of a 1031 Exchange out of a MOB asset.
Gantry’s Tim Storey arranged more than $3.7 million in acquisition financing for the borrower, 725 S. Dobson, LLC. The financing was delivered via two different credit unions.
Gantry’s Storey said, “Single-tenant net-lease investments are increasing in popularity because they are largely viewed as Covid-proof investments. Not only are investors realizing the value of these passive investments, they recognize they can also benefit from the stability credit tenants provide in a highly volatile and uncertain market.”
The properties are located at:
– Dutch Bros 9330 E. Golf Links Rd., Tucson
– Salad and Go 3095 E. Queen Creek Rd., Chandler
– Filiberto’s Mexican Food 708 W. Ajo Way, Tucson
For comments, questions or concerns, please contact Dennis Kaiser