Friday, April 5, 2013

Stan Johnson Co. Completes $6 Million Sale of Best Buy in Modesto, CA


                   
Rod Pickney
TULSA, OK – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the $6 million sale of a 45,950-square-foot retail property 100% leased to and guaranteed by Best Buy Co. Inc. located on 4.17 acres in Modesto, Calif.

Rod Pickney and Chad Byerly of Stan Johnson Company represented the seller in this transaction. The property featured an original 20-year Absolute NNN lease term with approximately seven years remaining with no landlord responsibilities. 

Chad Byerly
The lease offered three, five-year renewal options with rental increases every five years.

The property is located in a dense retail corridor just off of State Highway 99 and Sisk Road in Modesto, California.

For a complete copy of the company’s news release, please contact:

David Ebeling                       
Ebeling Communications
(949) 278-7851
david@ebelingcomm.com                       

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