AUSTIN (October 4, 2013) – SRS Real Estate Partners announces the sale of a Firestone/Bridgestone ground lease, which is located at 3450 South General Bruce Drive in Temple, Texas. The property is an outparcel to the Target and Home Depot anchored Bird Creek Shopping center. Other local area retailers include Best Buy, Office Max and Spec's.
"The purchase provides the Texas based private investor a reliable income from a well-regarded tenant," said Jason Middlebrook, vice president of investment sales for the SRS Austin/San Antonio office. "Existing properties with 20 year leases in place are rare in today's market. When the purchaser was presented the opportunity, they moved quickly to secure the property."
Jason Middlebrook of SRS Real Estate Partners represented the buyer in the transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.
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