(PRWEB) July 30, 2012
The Royston Group has completed the sale of a single tenant net lease, retail building. The 11,060 square foot building, located in Monroe, Louisiana, sold for $2.115 million. Built in 1999 and sitting on two acres, the site was leased on an absolute triple net basis to drug store chain Rite Aid. The investment was a zero cash flow structure where all the rent went to pay the debt service.
Greg Cortese represented both the buyer and the seller in the transaction. Both the buyer and seller are private investors.
“The “zero cash flow structure” allowed for the buyer to put very little cash down in the purchase of this property. The CTL (Credit Tenant Lease) zero cash flow structure has become a highly desirable investment. The demand for older zero cash flow deals have increased dramatically over the last 12 months,” Said Cortese
The Royston group currently has a high demand for zero cash flow properties. Interested buyers or sellers please contact Greg Cortese or Rob Sutton.
Greg Cortese, President of The Royston Group and Rob Sutton, Vice President specialize in the sale of single tenant net lease properties. The Royston Group is a privately held commercial real estate investment firm, founded in 1992. The company provides services for a multitude of net lease commercial property types including office, industrial, retail and medical. The firm has completed over $1.5 billion in real estate sales since its inception.