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| Family Dollar store, 951 Doyle Road, Deltona, FL |
Naples, FL -- An interest rate environment that has
propelled the commercial real estate market to levels not seen since 2007 has
continued to show no signs of slowing down, according to David Wells,
head of Wells Net Lease Group. Evidenced by the sale of a Family Dollar located
in Deltona, FL by a Midwestern private equity fund.
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| David Wells |
The property contains 9,600 square feet located at 951 Doyle
Road, Deltona, FL 32725. The purchase price was 1,700,000 and the cap rate
was 7.75. The property has a new 10 year lease with a rare 10% increase in year
5.
The seller is one of the nation’s largest developers and was
represented exclusively by Wells Net Lease Group, Inc.
“Investors have been making low yields in safe treasuries
and bonds for too long waiting for the market to turn, says Wells. “At some
point you have to move on and adjust to the new conditions.”
He says Wells Net Lease Group is the largest private net
lease brokerage company in the nation.
For a complete copy of the company’s news release, please contact:
David Wells :
305.498.6095
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