SRS Real Estate Partners’ National Net Lease Group (NNLG) completed the $3.035-million sale of a single-tenant retail property occupied by Wendy’s.
SRS NNLG’s Senior Vice Presidents Sean Lutz and Dan Elliot represented the seller, a California-based private investor. The all-cash buyer, also a California-based private investor, was represented by Bruce Lee and Hope Kim of New Star Realty, with a closing cap rate of 5.27% and a $753 price per square foot.
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