Single-tenant retail properties are continued to command strong pricing. Newmark recently brokered the sales of three single-tenant retail properties in the Los Angeles area for a total of $100 million. A Home Depot, an Amazon Fresh facility and a Chick-Fil-A were the three properties to trade hands in separate transactions.

Decron Properties sold the single-tenant Home Depot, an 111,624-square-foot property at 5040 San Fernando Road in Glendale, for $61.8 million to Charing Cross Partners. The property includes a 94,530-square-foot retail building and an attached outdoor garden area totaling 17,094 square feet. The property comes with flexible zoning that could allow the new ownership to pursue multifamily or another alternative use in the future.

Red Mountain Retail Group sold the remaining two assets, an Amazon Fresh facility and a Chick-Fil-A. The 29,456-square-foot Amazon Fresh property is located at 6855 La Cienega Boulevard in Los Angeles. A private family office purchased the property for $35 million. The 4,000-square-foot Chick-Fil-A is located at 6801 La Cienega Boulevard in Los Angeles. A private investor purchased the asset for $13.7 million.