Single Tenant Net Leased 76 Convenience Store trades in 1031 Exchange
November 14, 2024
Trad Dyches, CCIM of NAI Charleston, recently represented the buyer of a 76 Convenience Store located at 704 Bells Highway in Walterboro, SC as part of a 1031 Exchange. The 76 Convenience Store is a Single Tenant Net Leased (STNL) property with 15+ years of lease term remaining backed by a strong operator and guarantor.
John Brown, Zach Passman, and Liam Radlin of Sands Investment Group represented the seller, Roots Oil. The property sold for $1,390,000.
“I thoroughly enjoyed assisting my client in finding and purchasing a property for their 1031 Exchange,” said Trad. “Working with the Sands Investment Group team was also a pleasure as they were instrumental in accommodating the buyer’s closing timeline.”
For more information, contact Trad Dyches, CCIM at +1 (843) 364 4288 or [email protected].
About NAI Charleston
NAI Charleston is a full-service commercial real estate firm whose industry experts have over a century of combined experience in the Charleston commercial real estate industry and over $1 billion in total transaction volume. In 2017, local brokers Thomas Boulware, Dexter Rumsey, David Ingle and David Grubbs partnered together to found NAI Charleston as an independent franchise of NAI Global, one of the leading global commercial real estate firms, to strengthen their leadership and footprint in the Lowcountry. An owner-operated firm, NAI Charleston possesses a highly personal and unwavering commitment to excellence that can’t be duplicated. Local ownership and leadership, paired with global resources, enable them to offer clients unparalleled services. As a member of NAI Global, NAI Charleston has independent access to the largest, most powerful network of owner-operated commercial real estate firms in the world. Their affiliates comprise 6,000 professionals in 375 offices and 36 countries. Their brokerage, development, management, and consulting services are tailor-made to meet the specific needs of each assignment – from single transactions to coordinating the delivery of multiple services over broad geographic areas. http://www.naicharleston.com
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