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| 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.
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| 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
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