SIG Handles Acquisition of Unique Portfolio Containing 2 Discount Retail Properties and 1 Big Box Location

SIG Handles Acquisition of Unique Portfolio Containing 2 Discount Retail Properties and 1 Big Box Location

SIG brokers handled a unique deal for a recurring client who wanted to add 2 discount/dollar stores and 1 big box properties to their portfolio (Five Below, HomeGoods, and Hobby Lobby, respectively) across 3 different transactions in the course of 6 weeks.

Working with SIG net lease brokers is the best way to maximize your investment portfolio, and they know how to navigate complex, multi-location transaction where timing is essential. Co-brokers Adam Scherr, Chris Sands, and Dan Hoogesteger successfully led one of SIG’s recurring clients through a multi-location portfolio acquisition involving 3 different locations that all closed within the same 6-week period.  

Five Below:

  • Source of Deal: Recurring Client
  • Client Type: Developer
  • Property Type: Discount/Dollar Store
  • Price: $2,400,000
  • Closing Date: 3/16/18
  • Financing: All Cash

Hobby Lobby:

  • Client Type: Private Owner
  • Property Type: Big box
  • Price: $5,643,650
  • Closing Date: 4/26/18
  • Net Lease Financing: All Cash

HomeGoods:

  • Source of Deal: Recurring Client
  • Client Type: Private Owner
  • Property Type: Discount/Dollar Store
  • Price: $3,375,000
  • Closing Date: 3/30/18
  • Financing: All Cash

Client Challenges

  • 3 Different Properties in the Portfolio
  • 3 Separate Closing Dates, All Took Place Within 6 Weeks
  • Deal Timing Was Essential  

SIG Strategies  

  • Place Our Client’s Priorities First in Negotiations
  • Help Client Secure Appropriate Financing for 3 Different Properties
  • Review and Assist with Title, Survey and Environmental Hurdles  

Why SIG

  • Over $4,000,000,000 in Closed Transactions
  • Over $600,000,000 in Active Inventory
  • Over 1,700 Transactions in 48 States  
  • Focused on Creative Marketing  
  • Net Lease Industry Leader  

SIG Awards  

  • SC25 Fastest Growing Companies, 2017
  • Real Estate Forum Names SIG to Its List of Commercial Real Estate’s Fastest-Growing Companies, 2016 & 2015
  • CoStar Power Broker Top Firm Awards, 2017 & 2016

Interested in acquiring multiple investment properties for your portfolio, and closing on all of them in the same time frame? SIG handles deals including multiple locations for clients who are seeking to expand their portfolio and acquire specific NNN properties. When the goal is growing an investment portfolio with specific properties, you can’t trust a typical real estate agency to walk you through the process. SIG is a commercial real estate brokerage firm with a wealth of experience helping clients find, secure and purchase properties to round out their investment portfolio.  

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