Taqueria Arandas restaurant acquired by local investment group
HOUSTON – Aug. 17, 2015 – HighStreet Net Lease Group, a Texas-based company specializing in the disposition and acquisition of net leased investment properties throughout the United States, recently represented a private buyer in an off-market acquisition of a single tenant net leased Taqueria Arandas restaurant in Houston, Texas. The property was purchased as an investment vehicle by a family partnership that owns a large number of retail assets throughout Houston. Matt Moake, CCIM, an acquisition/disposition executive at HighStreet Net Lease Group, represented the buyer.
“The Taqueria Arandas transaction was a success for all parties involved. The seller was able to hit their exit goals, and the buyer acquired an asset that fits perfectly within their portfolio,” said Moake. “We are fortunate to work with savvy clients who recognize excellent opportunities when we uncover them, and we will continue to actively seek these types of off-market opportunities throughout Texas.”
The 4,500-square-foot restaurant located at 920 Uvalde Rd. sits on a 17,000-square-foot parcel of land. The tenant is one of the original franchisees of Taqueria Arandas and has a long history of success. Taqueria Arandas has been operating restaurants throughout Houston for nearly 35 years and this specific location has excellent future upside potential as the brand continues to grow.
HighStreet Net Lease Group represents numerous investors that are constantly seeking purchase opportunities throughout the U.S. In this case, HighStreet Net Lease Group was able to reach pricing and terms that were beneficial to both parties by utilizing a strong relationship with the property owner to create a positive purchase opportunity for the investor client.
About HighStreet Net Lease Group
HighStreet Net Lease Group specializes in the acquisition and disposition of net leased retail properties throughout the United States. The driving force of HighStreet as a net lease brokerage firm is to assist clients in achieving their investment goals. Whether through the disposition of an asset at the highest possible price using their proven platform, or an acquisition of a core property at an attractive return, the company is constantly seeking unique and attractive opportunities for their seller and buyer clients. To learn more about HighStreet Net Lease Group, please visit www.highstreetnetlease.com.