CHICAGO, IL – August 30, 2018 – STREAM Capital Partners, LLC, a national net lease and sale leaseback advisory group, has negotiated the sale of a Captain D’s sale lease back in Spring Hill, Tennessee – a short distance from downtown Nashville.
The property is located at 2096 Wall Street. The lease is structured as an Absolute NNN with a 20-year term upon commencement with periodic increases.
STREAM Capital Partners received multiple offers within days of marketing. Adam English and Adam Baxter of STREAM Capital Partners represented the seller on the transaction.
“Given the strength of the tenant and the location, we received multiple offers from qualified buyers. The buyer chosen was a high net-worth individual, closed all-cash in just over two weeks, and was not subject to a 1031 exchange,” said English.