Working on behalf of a buyer- client, T. Van Davenport successfully identified a newly constructed Family Dollar investment property located in Piedmont, SC. This absolute net lease investment provided the client with a long term, corporate guarantee lease for a nationally traded credit tenant.
While finalizing the last stage of a 10-31 tax deferred exchange, Mr. Davenport negotiated the contract and guided the client through the due diligence process in review of all construction related items, lease documents and related investigations and studies.
Terms of the lease require the tenant to be responsible for all maintenance, repair, replacement, property tax and property insurance items resulting in an attractive hands free NOI for the client. For details related to rate of return for this or other similar investment opportunities, please email Mr. Davenport @ tvandavenport@hbsprings.com or call 843.222.8153.