Mid-America's Mark Goldberg, a Featured Speaker at the National Net Lease Investment Conference

Mark Goldberg, Vice President, of Mid-America Net Lease Investment Group, was a featured speaker at the National Net Lease Investment Conference in Chicago on November 1st, 2012.  Mr. Goldberg was part of the panel discussing the Institutionalization of the Net Lease Market. 

When asked about the how the institutionalization of the sector affecting business from an advisor perspective, Mr. Goldberg explained that institutions are not only competitive on pricing but are efficient to work with and able to expedite transactions. "They can do an 18-day due diligence period, where a private buyer would be hard-pressed to finish a contract in 18 days...the efficiency of the larger players is making it more difficult for smaller investors to compete for a lot of assets. " 

The National Net Lease Investment Conference was produced by National Real Estate Investor and RetailTraffic.com.  The conference covered the current state and future direction of the net lease industry.  The topics discussed were single tenant development outlook, sale leaseback market, joint venture equity for NNN developers, single tenant retailer expansion plans, DST ownership structures, and if transaction volume in the single tenant and net lease real estate industry will exceed the $18 billion completed in the previous year. 

For the full article please follow the link: NREI Online - Individual Investors Feel Pressure from Institutions in Net Lease Space


About Mid-America Net Lease Group

The Mid-America Net Lease Investment Group is dedicated to the disposition and acquisition of single tenant net leased retail properties. We have developed a national network of net lease buyers with a special focus on West Coast investors. This national platform gives us access to an extremely deep pool of net lease investors, while providing our single tenant clients with the best pricing and opportunities the market has to offer. More than any other net lease investment firm, Mid-America is known for the depth of our retail knowledge. Our unique focus on single tenant retail and proven track record provides investors with superior service and results.

 

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html

 

For more information on our current property listings please Click Here

Mid-America Real Estate Completes Sale of NNN Single Tenant AT&T

Mid-America Real Estate Corporation’s Net Lease Investment Group announces the recent sale of a free standing AT&T building in Hibbing, MN. The property was constructed in 2010 with a 10 year primary term and has 8 years remaining. AT&T sits as an outlot to Lowe’s in what is known as the “Iron Capital of the World”. Hibbing is located 3 hours north of Minneapolis and has 14,420 people within 5 miles of the property.

 

The Seller was represented by Tom Fritz, Mark Goldberg, Bill Wright of Mid-America Real Estate Corporation and Mike Sims of Mid-America Real Estate-Minnesota. The buyer was a group of private individuals from Wisconsin. 

Local Knowledge. National Exposure.

The Best of Both Worlds.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html

For more information on our current property listings please Click Here

 

Mid-America Real Estate Completes Sale of NNN Single Tenant Jo-Ann Fabrics and Crafts

Mid-America Real Estate Corporation’s Net Lease Investment Group announces the recent sale of a free standing Jo-Ann Fabrics and Crafts in Shakopee, MN. The property is a new build-to-suit with a 10 year primary term and rent increase in year 6.

The Seller, Ryan Companies, was represented by Tom Fritz, Mark Goldberg, Bill Wright of Mid-America Real Estate Corporation and Mike Sims of Mid-America Real Estate-Minnesota. The buyer, a private net lease fund, was self-represented.

Local Knowledge. National Exposure.

The Best of Both Worlds.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html

 

For more information on our current property listings please Click Here

 

Net Lease Cheat Sheet on the Net Lease Investment Market for Q3 2012

The initial response to our Net Lease Cheat Sheet was so strong that we decided to double the number of retailers and make it a bi-annual release moving forward. We also added a new feature highlighting recent credit upgrades/downgrades in Green or Red. Click on the picture or headline above for the newest release, hot off the press.

Mid-America strives to give you the most accurate information without all of the fluff. This one-of-a-kind report provides tenant financial snapshots, credit ratings, recent tenant lease terms, and current sale cap rate ranges. This information is pulled from real deals and is crucial for keeping your finger on the pulse of the net lease investment market.

If you would like to recieve this informative guide to the current net lease investment market, please contact us at (630) 954-7373.

  

Local Knowledge.  National Exposure.

 The Best of Both Worlds.

 

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html

For more information on our current property listings please Click Here

Mid-America Real Estate Completes Sale of NNN Single Tenant Sherwin Williams

 
Mid-America Real Estate Corporation’s Net Lease Investment Group announces the recent sale of a free standing Sherwin Williams in Hartford, WI. The property sold at full price and is a new build-to-suit with a 10 year primary term and rent increase in year 6. The 7.00% sale cap rate is one of the most aggressive in the country for similar credit and lease term.  
 

Tom Fritz, Mark Goldberg, Bill Wright, and Dan Cohen of Mid-America Real Estate-Wisconsin, L.L.C. exclusively represented the seller in the transaction. The buyer was a private investor from California.

Local Knowledge. National Exposure.

The Best of Both Worlds.
 

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html
 

For more information on our current property listings please Click Here

Mid-America Real Estate Completes Portfolio Sale of Two NNN Single Tenant CVS Properties in Indiana

Mid-America Real Estate brokers three net lease sales in Indiana

Oakbrook Terrace, Ill.-based Mid-America Real Estate Corporation’s Net Lease Investment Group recently brokered three net lease sales in Indiana, two for CVS Pharmacy buildings located in Indianapolis and Portland, Ind., and one for a Rally’s Hamburgers drive-in located in Kokomo, Ind.
Mid-America represented the sellers in all three transactions.

“These sales showcase the national market’s continued strong appetite for well-located, solid credit, single-tenant investments,” said Mid-America broker Bill Wright, who was involved in all three transactions. “The Midwest continues to draw heavy interest from both east and west coast investors and this strong demand is helping produce maximum value for today’s sellers.”
Bill Wright, Tom Fritz and Mark Goldberg, of Mid-America Real Estate in cooperation with Indiana-based Sitehawk Retail Real Estate, exclusively represented the undisclosed sellers in all three transactions.

Tags | Bill Wright, Illinois, Indiana, Indianapolis, Kokomo, Mark Goldberg, Mid-America Real Estate, Oakbrook Terrace, Portland, Tom Friz
© 2012 Real Estate Communications Group. Duplication or reproduction of this article not permitted without authorization from the Real Estate Publishing Group. For information on reprint or electronic pdf of this article contact Mark Menzies at 312-644-4610 or menzies@rejournals.com

http://www.rejournals.com/2012/09/12/mid-america-real-estate-brokers-three-net-lease-sales-in-indiana/

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html

For more information on our current property listings please Click Here

MID-AMERICA EXCLUSIVE STUDY: Is Your Steakhouse Hot, Medium, or Rare?

We are constantly asked by clients who the “hot” tenants are, what lease terms we are seeing, and what the exit cap rates are. Having access to this in depth information truly differentiates Mid-America from our competitors and gives our clients an edge against other investors and properties in the market. Our goal is to be your number one source of retail information. Period. We would like to share our most recent study with you.

This study shows all of the above, plus the different financial positions for each of the top 5 steakhouse chains currently being sold in the market. More information is always available upon request. Let us know what we can do to help you.

 

 

Local Knowledge.  National Reach.

The Best of Both Worlds.

Tom Fritz, Bill Wright, and Mark Goldberg

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html

For more information on our current property listings please Click Here

Mid-America Real Estate Completes Sale of NNN Single Tenant Rally's

Mid-America Real Estate Corporation’s Net Lease Investment Group announces the recent sale of an absolute net leased Rally’s located in Kokomo, Indiana. The property has over 10 years remaining on the lease and features a prominent location on US-31.  This sale showcases the national market’s continued preference for well located, long-term, “hands off” retail properties in the Midwest.

Tom Fritz, Mark Goldberg, and Bill Wright, of Mid-America Real Estate in cooperation with Sitehawk Retail Real Estate exclusively represented the seller in the transaction. The buyer was a private California based investor. 

Local Knowledge. National Exposure.

The Best of Both Worlds.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html

For more information on our current property listings please Click Here

Mid-America Real Estate Completes Sale of NNN Single Tenant PNC Bank

 

Mid-America Real Estate Corporation announces the recent sale of a PNC Bank Ground Lease in Franklin Park (Chicago), Illinois. The property was a former Blockbuster Video currently being renovated to accommodate PNC with 3 drive thru lanes. The 15 year ground lease sold at a 5.30% cap rate, which is the most aggressive 15 year bank ground lease we have seen sell in the country (exclusive of California) over the past 3 years.
 

Tom Fritz, Mark Goldberg, and Bill Wright, of Mid-America Real Estate exclusively represented the seller, a local private developer, in the transaction. The buyer was a private individual from out of state.
 

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html

For more information on our current property listings please Click Here

Mid-America Real Estate Completes Sale of NNN Single Tenant BMO Harris Bank

Mid-America Real Estate Corporation announces the recent sale of the BMO Harris Bank in Plover (Stevens Point), WI. The property is leased to BMO Harris, with 14 years left on the primary term.

Mark Goldberg, Tom Fritz, and Bill Wright of the Chicago Office and Dan Cohen, of the Mid-America Real Estate Milwaukee Office, exclusively represented the Seller, TOLD Development, in the transaction.
 

Local Knowledge. National Exposure.

The Best of Both Worlds.
 

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html
 

For more information on our current property listings please Click Here

Mid-America Real Estate Completes Sale of NNN Single Tenant Walgreens

Mid-America Real Estate Corporation, in cooperation with Anchor Associates announces the recent sale of a Walgreens in Hamilton, Ohio.  The property was acquired by a private REIT.  The lease had 8 ½ years remaining on the primary lease term at the time of sale.  This sale, notwithstanding the shorter lease term, shows the continuing demand for single-tenant, investment grade properties in the Midwest and around the country.

Mark Goldberg, Tom Fritz, and Bill Wright of Mid-America Real Estate in cooperation with George Flynn of Anchor Associates (an Ohio licensed real estate broker), represented the seller, a local developer in the transaction.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html

For more information on our current property listings please Click Here

Mid-America Real Estate Completes Sale of NNN Single Tenant CVS Property

Mid-America Real Estate Corporation, in cooperation with Anchor Associates announces the recent sale of a CVS Pharmacy in Newark, Ohio.  The property, a 10,125 sf building on 1.79 acres, was acquired by a private investor.  The lease had 8 years remaining on the primary term at the time of sale.  The loan in place was structured as a “zero cash flow” investment.

Mark Goldberg, Tom Fritz, and Bill Wright of Mid-America Real Estate in cooperation with Amy Holter of Anchor Associates (an Ohio licensed real estate broker), represented the seller, a Pennsylvania investor in the transaction. Mid-America also represented the seller when he acquired of the property.

 Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html

For more information on our current property listings please Click Here

Mid-America Handles Net Lease Sale for Walgreens with Loan Assumption in Madison, Wisc. Suburb

McFARLAND, Wisc. (January 19, 2012) – Mid-America Real Estate Corporation’s Net Lease Investment Group recently completed the sale of a triple net lease for a 14,550 square-foot freestanding Walgreens building in McFarland, Wisc., a suburb of Madison. The building was purchased by SAS LLC, a local group of investors, for $4.04 million. The seller was Wisconsin-based developer Larson Beach LLC.

According to Mid-America broker Tom Fritz, whose firm was the exclusive representative for the seller in the transaction, terms included an assumable loan, which expires in November 2017. The absolute NNN lease has 21 years remaining on the initial term.

Built in 2007, the building is situated on 1.34 acres at the southwest corner of Larson Beach Road and US Highway 51, a major north-south roadway in the lake-oriented community of McFarland, 12 minutes southeast of the state capital and the University of Wisconsin.

Walgreens shares the intersection with a Pick ‘N Save grocery store, McDonald’s and a BP fuel station. It is the only national drug store serving the primary trade area.

“Loan assumptions are rare in the open market,” says Fritz. “They take a long time to get approved and can be a tedious process. However, given the lack of new Walgreens on the market, we were able to find a buyer willing to roll up their sleeves and see the property to the finish line.”

Tom Fritz, Mark Goldberg and Dan Cohen comprised the Mid-America team representing the seller.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html

For more information on our current property listings please Click Here

Mid-America Completes Sale of Recently Net Leased AT&T Building in Cincinnati

CINCINNATI (January 5, 2012) – Mid-America Real Estate Corporation’s Net Lease Investment Group recently completed the sale of a double net leased, 2,958 square-foot freestanding AT&T Mobility building in Cincinnati. The buyer in a 1031 exchange was a private New York investor, who purchased the property for $1.48 million from a Cincinnati developer.

According to Mid-America broker Mark Goldberg, whose firm was the exclusive representative for the seller, terms included two five-year renewal options, with 9.5 years remaining on the primary term. “This is A-plus real estate,” says Mr. Goldman, “which makes the transaction a perfect example of how private capital is continuing its trend toward investing in solid core Midwestern markets. The income level in this area is about 20% above both the state and national averages.”

The AT&T building was constructed in 2008 and remodeled in 2010, and is situated on a 1.03-acre hard-corner outlot at 4465 Eastgate Boulevard, off State Route 32, the primary east-west highway linking local residents to downtown Cincinnati. The outlot is part of the fully leased 236,230-square foot Eastgate Pavilion power center, which is anchored by Best Buy, Bed Bath & Beyond, Dick’s Sporting Goods, DSW and PetSmart. Immediately north to the site is a 959,367 square-foot Eastgate regional mall, and immediately east is a new 700,000 square-foot redevelopment anchored by Jungle Jim’s Market, a six-acre international grocery store expected to generate 5.2 million shoppers per year.

Mark Goldberg and Tom Fritz of Mid-America, and Amy Holter of Ohio-based Anchor Associates comprised the Mid-America team representing the seller.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is the Midwest’s leading full-service retail real estate organization. For more information, call (630) 954-7300 or visit http://www.midamericagrp.com/netlease.html

For more information on our current property listings please Click Here

Mid-America Completes Ground Lease Sale for New Aldi Building in Chicago’s Chatham Market

Example of West Coast capital seeking “solid” Midwest retail opportunities

 

CHICAGO (December 20, 2011) – Mid-America Real Estate Corporation’s Net Lease Investment Group recently announced the $1.8 million sale of a triple net ground lease for a new 16,750 square-foot freestanding Aldi building in Chicago’s south side Chatham community. The buyer is a private California investor.

According to Mid-America broker Bill Wright, whose firm was the exclusive representative for the seller, an affiliate of Chicago-based Monroe Investment Partners LLC, this transaction is another example of private investors putting their money into “hands-off” net leased retail properties that require no landlord maintenance. “This deal continues the trend of West Coast private capital seeking investment in solid “core” Midwestern markets,” he says, “and this ground lease is a perfect example of what they’re looking for here.” Terms of the lease include a rent increase of 10% every five years, with 18+ years remaining on the initial term.

The Aldi building was constructed in 2011, and is located at 8500 South Holland Road, at the southwest corner of West 85th Street and South Holland Road in Chicago. The building is situated within the 50-acre Chatham Market retail development, which consists of approximately 360,000 square feet of new and proposed gross leasable retail space anchored by Lowe’s.

According to Mr. Wright, additional anchor draw will be provided by Chicago’s first and only Walmart Supercenter (158,215 square feet), which is currently under construction and expected to open in January 2012. “There is also a freestanding Walmart Express at the north end of the development that opened in July 2011,” he says. “This is the first of four Express concept stores planned to open in Chicago in the next year, and Walmart’s decision to open both a Supercenter and Express store in Chatham Market demonstrates the significant demand for low-cost retailers in this area, which will also benefit Aldi.” The Supercenter is located directly to the north of the Aldi site.

Bill Wright, Tom Fritz and Mark Goldberg comprised the Mid-America team representing the seller.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit http://www.midamericagrp.com/netlease.html 

For more information on our current property listings please Click Here 

Mid-America Net Lease Group Completes Sale of Single Tenant Net Lease PNC Bank in Milwaukee, WI

MILWAUKEE (December 27, 2011) – Mid-America Real Estate Corporation’s Net Lease Investment Group recently completed the sale of a double net lease for a newly renovated 1,800 square-foot freestanding PNC Bank building in Milwaukee for $1.45 million to a private investor in Florida. The seller was a local Milwaukee developer.

According to Mid-America broker Tom Fritz, whose firm was the exclusive representative for the seller in the transaction, terms included four five-year renewal options, each with a rent increase of 10% every five years, with 10 years remaining on the initial term.  

The bank building was completely renovated in 2011 to include a new heating, ventilation, and air conditioning (HVAC), roof, parking lot landscaping and a reconditioned structure, with PNC recently opening in December 2011. The bank is located at 275 E. Capitol Drive, which is the primary east-west commercial thoroughfare for northern Milwaukee. The bank is roughly 1.5 miles northeast from the University of Wisconsin – Milwaukee, and approx 3.5 miles north of downtown Milwaukee. Situated in the heart of the trade area, PNC is flanked by Aldi directly to the west and a 21,000 square foot strip center directly to the south, featuring DOTS, Subway, GameStop and Shoe Time.

Tom Fritz, Mark Goldberg, Bill Wright, and Dan Cohen comprised the Mid-America team representing the seller.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit http://www.midamericagrp.com/netlease.html 

For more information on our current property listings please Click Here