B+E Brokers Facilitated the Sale of North Carolina Biscuitville
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.
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 firstname.lastname@example.org.
Source: Digital Journal