ATLANTA—Some saw risk, but one REIT saw an opportunity in a triple net leased Kroger supermarket. The Marrietta, GA triple net retail asset traded for $3.6 million, or $79 a foot.

Colliers International senior vice president Joe Montgomery and vice president Tony D'Ambrosio in the firm's Southeast Retail Investment Sales Group represented the seller in the transaction. The seller was Australian REIT and institutional advisor Charter Hall. The buyer, Branch Properties represented itself in the purchase.

“Charter Hall is in the final stages of selling its US retail properties and was a committed seller, while Branch Properties is a well-capitalized and opportunity-oriented investor,” says Montgomery. “The buyer saw the upside of purchasing a well-located Kroger store with strong sales where other casual investors saw mostly risk. Thanks to the relationship between the buyer and seller on previous transactions, this sale took only 60 days to complete.”