Captec also didn't say why it was selling the assets at this time. Among Captec's tenants are Pizza Hut, Taco Bell, Tony Roma's, Hollywood Video, Morgan Tire and Sterling Jewelers. M&M's Chris Rea is the listing agent.
"While the economic slowdown has impacted virtually every other investment sector, investor demand in the single-tenant triple-net-lease segment of the real estate market has actually outpaced supply," Rea says in a prepared statement. "Triple-net-lease transactions, particularly 1031 like-kind tax exchanges, allow investors to meet their financial goals and avoid capital gains taxes without assuming the burden of management responsibilities."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
