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.

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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

 

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