When office properties and shopping centers took a pounding during the recession, a horse of a different color emerged on the scene and took the commercial real estate industry by storm. The Single Tenant Net Lease Deal.
Single Tenant Net Lease deals rely primarily on the strength of the tenant, who (if it’s a true NNN deal) pays for all maintenance, property taxes, and insurance. Investors are relatively hands-free from managing the property, and the leases provide long-term, stable cash flow…often called “mailbox money.”
The commercial real estate market in North Texas is booming! Single tenant net lease properties, specifically Dollar Stores, are in high demand. Cap Rates are at historic lows, and Dollar Store Investments continue to be strong according to multiple industry reports.
SVN has a single tenant net lease team specifically geared to these type of investments, and our advisors are dedicated to putting our clients’ interests first by aggressively marketing to and cooperating with all brokers in the industry. As a result, SVN is able to obtain maximum return for our clients.
Single Tenant Net Lease Advisor
James Blake, CCIM serves as Senior Advisor for SVN | Trinity Advisors, specializing in multi-tenant retail shopping centers, freestanding single tenant retail buildings and industrial properties. With more than 29 years of Dallas/Fort Worth commercial real estate market experience, Blake has combined sales and leases in excess of $342 million. While Blake’s shopping center and industrial clients are all across the United States, his focus is retail and industrial income producing properties in the Dallas/Fort Worth area. Blake began his commercial real estate career in 1985 with the Henry S. Miller Company. Blake teamed up with Fidelity Asset Management (FAM), a local commercial real estate asset management company, for six years. FAM focused on bank owned real estate and government owned real estate (FDIC, RTC). The property was responsible for management, leasing and disposition of assets. Blake also served as president of Butler Commercial Realty assisting local industrial and retail buyers and sellers for eight years. In 2013, James Blake was named Charles D. Tandy Commercial Realtor of the Year.