CHICAGO, IL – December 11, 2018 – STREAM Capital Partners, LLC, a national net lease and sale leaseback advisory group, recently represented an institutional seller in the sale of a $16.5 million long-term net leased Art Van Furniture store in the Toledo, Ohio metropolitan area.
The 91,388 square feet store’s lease is structured as an absolute triple net with 19 years remaining on the term. Jeff Lizzo, Jonathan Wolfe, and Jordan Shtulman of STREAM Capital Partners represented the seller on the transaction.
“The buyer and seller were both pleased with the transaction. The buyer was able to acquire a long-term, net leased property with a strong-credit tenant. The seller was able to capitalize on a strong net lease market,” said Lizzo.
Please contact broker, Jeff Lizzo, for further details on this transaction.