Single Tenant Net Lease Properties Sold: Golden Corral – Weslaco, Texas

Challenges:

  • Older building located in small market in southern Texas.
  • Less than 3 years remaining on lease.
  • Seller required immediate disposition so that proceeds could be used to fund an alternate property that had already been identified.

Solutions and Services Provided:

  • Highlighted Golden Corral’s history at the location, recent building renovations, and strong rent/sales ratio to help prospective buyers understand the high likelihood of renewal.
  • Aggressively promoted the property to nationwide investor pool and generated multiple offers at asking price within 3 days.

Results:

  • Ideal buyer was identified that also had a quick close requirement. Transaction was completed within 2 weeks of initial offering.
  • Was highly involved in discussions directly with Tenant regarding their misinterpretation of a lease provision so that all parties were comfortable proceeding.
  • Worked closely with Seller and Buyer to ensure timing specifications were achieved.

 

For expert assistance in buying or selling single tenant net lease properties, contact HighStreet Net Lease Group.

Contact Info

HighStreet Net Lease Group, LLC
5851 San Felipe St.
Suite 220
Houston, TX 77057

855-871-6777 Toll-free
713-275-6777 Main
713-275-6780 Fax