June 2021
Recently Sold – CVS Pharmacy, Alpharetta GA
Thomas Company is pleased to announce the recent sale of a CVS retail asset in Alpharetta, GA totaling +/- 13,225 square feet. The list price was $3.7 million. The buyer was attracted to the long-term lease, below-market rent, and Atlanta MSA location.
- MANAGEMENT-FREE OWNERSHIP: The Tenant recently executed a 20-year absolute net lease (NNN) with no Landlord responsibilities whatsoever. The Tenant is responsible for all management and maintenance of the asset.
- AFFLUENT ATLANTA SUBURB: 3-mile average household income of $151,633
- BELOW-MARKET RENTAL RATE: CVS’s contractual rental rate was approximately 40% below fair market value.
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Recently Sold – Riddell Manufacturing and Distribution Facility
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January 2024
Recently Sold – DIRECTV Data Center Portfolio
Thomas Company is pleased to announce the successful sale of two DIRECTV data center uplink and broadcasting facilities, strategically located in Englewood, Colorado (Denver MSA) and Bakersfield, California.