I’m excited to announce the recent closing of a Single Tenant Net Lease (STNL) investment opportunity in Jackson, OH!

Property Overview

This property located at 800 E Main St, Jackson, OH 45640 has housed a Pizza Hut for many years and features a long-term lease with several scheduled increases over time. This investment offers stability and potential growth for future investors.

Client Background

I recently had the privilege of helping a good friend and client close on this significant investment opportunity. The client was eager to expand their portfolio with a reliable tenant in place, making this property an ideal choice.

Market Context

Once we put the property under contract, we began performing our due diligence. 🔍 This included reviewing traffic patterns, area demographics, and sales comps of surrounding properties. We also leveraged several software programs to estimate foot traffic to the property, ensuring we had a comprehensive understanding of its market position. 🚶🏽‍♀️

Due Diligence Process

As part of our due diligence efforts, I compiled quotes from various vendors, such as environmental engineers, appraisers, and surveyors, and coordinated their arrival on-site to perform the necessary evaluations.

We requested copies of the store and guarantor financials to confirm the strength of the individual unit as well as the entity guaranteeing the lease.

Challenges

However, due to the reporting requirements in the lease and the timing (mid-February), the tenant took longer than expected to provide the financials for our review. This delay slowed our due diligence efforts and forced us to request an extension as we approached our contingency deadline.

With uncertainty surrounding when we would receive the financials, and the seller eager to finalize the deal, all parties involved felt the pressure. Thankfully, our team maintained clear communication throughout the process, enabling us to navigate these challenges effectively.

Conclusion

Ultimately, we received the financials a few days later, confirmed their contents, and closed on the property shortly thereafter. This transaction serves as a reminder that commercial real estate deals involve many moving parts, and unexpected obstacles can arise at any time.

That’s why it’s critical to work with an experienced and competent commercial real estate professional who can guide you to the finish line. If you’re interested in buying or selling investment property across the U.S., I would be honored to assist you!  Feel free to give me a call at 502-536-7315 or email me at raphael@grisantigroup.com.