41,117 SF NNN Neighborhood Market Sold with Full Corporate Guarantee
Murfreesboro, TN. – April 4, 2022 – Colliers today announced the sale of a 41,117 SF Walmart NNN lease retail asset in Murfreesboro, TN. Positioned on approximately 7.62 acres of land and strategically located along the New Salem Highway at the intersection of Carson Lane, the highly-traffic area includes a surrounding tenant list of CVS, Burger King, Exxon, and Anytime Fitness, among others.
Fully backed by a corporate guarantee from one of the strongest credit tenants in the world, the property delivers an extremely low risk, stable retail investment with zero landlord management risk. Executed with dual escrow, Colliers executive vice presidents, Eric Carlton, and Jereme Snyder brokered the transaction at record pricing. Based in Southern California, Carlton and Snyder specialize in single-tenant and multi-tenant retail investment properties nationwide. The team represented both the seller and a California buyer in the transaction. The deal punctuates the momentum of a dynamic and high-growth market.
“Bolstered by one of the most tax-advantageous states in America, Tennessee is a boon for investment capital flowing from the West Coast,” said Carlton. “Single NNN retail investors seeking enhanced value on investments continue to find incredible value in these secondary and tertiary markets.“
Media Contact:
Leanne Daly
PR & Communications Specialist | Southwest
Leanne.Daly@colliers.com
760-930-7941
Bryan Welch
Sr. PR & Communications Manager | Southwest
Bryan.Welch@colliers.com
801-453-6819
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers, or LinkedIn.
Fully backed by a corporate guarantee from one of the strongest credit tenants in the world, the property delivers an extremely low risk, stable retail investment with zero landlord management risk. Executed with dual escrow, Colliers executive vice presidents, Eric Carlton, and Jereme Snyder brokered the transaction at record pricing. Based in Southern California, Carlton and Snyder specialize in single-tenant and multi-tenant retail investment properties nationwide. The team represented both the seller and a California buyer in the transaction. The deal punctuates the momentum of a dynamic and high-growth market.
“Bolstered by one of the most tax-advantageous states in America, Tennessee is a boon for investment capital flowing from the West Coast,” said Carlton. “Single NNN retail investors seeking enhanced value on investments continue to find incredible value in these secondary and tertiary markets.“
Media Contact:
Leanne Daly
PR & Communications Specialist | Southwest
Leanne.Daly@colliers.com
760-930-7941
Bryan Welch
Sr. PR & Communications Manager | Southwest
Bryan.Welch@colliers.com
801-453-6819
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers, or LinkedIn.
