STREAM Capital Partners recently executed the sale of Cooper’s Hawk Winery & Restaurant in Saint Charles, Illinois.
As one of the largest wineries in the United States, each of Cooper’s Hawk 31 locations features a full-service restaurant, tasting room, and retail store. The Saint Charles location is +/-11,300 square feet resulting in a purchase price of $5,714,286. The lease is structured as a triple net lease with periodic rent increases and options for renewal.
STREAM Capital Partners ran a competitive process that resulted in an all-cash close with a short due diligence period. Phil DiGennaro, Jordan Shtulman, and Jonathan Wolfe of STREAM Capital Partners represented the seller on the transaction.
“The buyer was very comfortable with the tenant’s concept, high-end market, and store sales,” said DiGennaro. “Monetizing out parcels is a great way for shopping center owners and developers to keep their basis low and take advantage of the NNN market.”.