CORONA DEL MAR, Calif. - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the acquisition of seven individual net-leased retail properties totaling $18.4 million, on behalf of a 1031 exchange buyer. The sales closed within 52 days of each other.
Hanley Investment Group’s Executive Vice President and Partner Jeff Lefko and Executive Vice President Bill Asher represented the Minnesota-based private exchange buyer in these transactions.
"Navigating a 1031 exchange requires precision and speed," said Lefko. "Our long-standing relationships with property owners and developers across the country give our clients early access to a wide range of high-quality assets, including newly constructed properties. In this case, we were able to identify and close on seven properties in multiple states in under two months, ensuring our client met their exchange deadline with confidence."
The acquisitions included a mix of newly constructed and recently developed single-tenant and multi-tenant retail properties, many with long-term leases in high-traffic locations.
"We started the process with the buyer over two years before the sale of the buyer's downleg to ensure the buyer had adequate time to understand the net lease market and was able to make decisions in a timely and efficient manner when the time was right," noted Lefko.
Some of the transactions included:
In Texas, Hanley Investment Group, in association with ParaSell, Inc., represented both the buyer and the sellers in two separate transactions for new construction single-tenant properties: Burger Boy Drive-Thru and Dutch Bros Coffee Drive-Thru at 5622 & 5642 UTSA Boulevard in San Antonio, located across the street from Costco and adjacent Interstate 10; and Son of a Butcher Drive-Thru at 480 West State Highway 114 in Grapevine, a popular Dallas suburb.
In Missouri, Hanley Investment Group, in association with John Schuff of Pace Properties, represented both the buyer and seller in the sale of a single-tenant 4,616-square-foot Total Access Urgent Care at 4400 Telegraph Road in Oakville.
In Iowa, Hanley Investment Group, in association with ParaSell, Inc., represented both the buyer and the seller in the sale of a new construction 7 Brew Drive-Thru absolute triple-net ground lease. The property is situated at the trade area's dominant retail intersection, 4341 Merle Hay Road in Des Moines, on a pad at the high-profile Haymarket Square.
In Tennessee, Hanley Investment Group, in association with ParaSell, Inc., represented the buyer, for the purchase of a newly constructed single-tenant Chase Bank absolute triple-net ground lease at 4145 Franklin Road in Murfreesboro. The property is a pad to a Publix-anchored shopping center. The seller was North American Development Group, based in West Palm Beach, Florida.
Lefko added, "As 1031 exchange buyers continue to seek quality retail investments with predictable cash flow and minimal management responsibilities, we expect demand for net-leased retail assets to remain strong in 2025 and beyond. We remain focused on leveraging our national relationships and market intelligence to source well-located, successful credit-tenant properties that align with our clients' investment criteria and long-term goals."
About Hanley Investment Group
Celebrating 20 years, Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with an over $11.5 billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients' needs first set us apart in the industry. Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.
For more information, visit www.hanleyinvestment.com.
Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Jeff Lefko, Executive Vice President and Partner
Email: Send Email
Phone: 949.585.7682
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/