B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of Biscuitville in Winston-Salem, North Carolina for $1,800,000.
(PRUnderground) October 3rd, 2022
B+E facilitated a frictionless transaction process that allowed the purchaser to close within 37 days.
“We helped our all-cash 1031 exchange buyer source this property, then moved quickly to complete the transaction in approximately 16 days from contract to close,” said B+E Broker, Chandler Cox. “I’m currently working with other prospective buyers seeking approximately 15 million in net lease assets before the end of the year.”
The purchased ground lease features 8% rental increases every five years throughout the initial term and at the beginning of each option period. This will help grow net operating income for the North Carolina-based investor and provide a hedge against inflation.
For more information on the sale or to take advantage of current net lease market conditions, contact Chandler at ccox@tradenetlease.com or go to www.tradenetlease.com.
About B+E
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform consisting of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Tampa, Charlotte, Dallas, Orange County and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
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Original Press Release.
