Patton Wiles Fuller

Patton | Wiles | Fuller Closings

Closed

Confidential TJX/HomeGoods Anchored Shopping CenterNortheast Ohio

100% Occupied, Class “A” Community Center
Assumption of Existing 58% LTV Life-Insurance Loan

Price: $16,000,000

Occupancy: 100%

Closed

Consumer Square WestColumbus, OH

93% Occupied, 218,206 SF Kroger-Anchored Shopping Center in Columbus, OH; 20.7 Years of Weighted Average Lease Tenure Amongst Tenancy
Kroger In-Place Since 1989, Recently Exercised 5-Yr Option AS-IS, Reasonable $8.50/SF NNN Rent, Recently Added Fuel Station

Price: $16,576,000

Closed

Centennial PlazaAddison, IL

90.6 Percent Occupied, 115,456-Square-Foot Shopping Center in Addison, Illinois (Chicago Suburb) with WALT of Eight Years
Anchored by XSport Fitness (34 Percent of Gross Leasable Area) on 15-Year Triple-Net Lease thru January 2034 – New Tenant in 2019

Price: $15,855,000

CAP: 8.25% GLA: 115,456 SF

Closed

LA FitnessTowson, Maryland

Recent 15-Year Extension thru 2032, 10% Bump in 2024
Baltimore MSA, Infill Location with Dense Demos

Price: 12,720,000

CAP Rate: 8.25% Term: 12 Years

Closed

Shoppes at Valle GreeneFairborn | OH (Dayton MSA)

100% Occupied, 67,078 SF Kroger Marketplace & Menards Shadowed Junior Box Retail Center in Fairborn, OH (Dayton MSA)
WALT of 9.0 Years - 4 Junior Box Tenants with New 10-Year Leases & Build-outs

Price: $6,750,000

CAP Rate: 7.25% GLA: 67,078 SF

Closed

CVS PharmacyWhitehall, OH

Massive Reported Sales - $13.655M ($1,083/SF) from Jun ’20 – May ’21, Low 1.98% Rent-to-Sales Ratio
Naked Lease – No Options Remaining and No Rent Holiday Giving Buyer Huge Leverage in Renegotiating Rent Upon Lease Expiration

Price: $6,006,000

CAP Rate: 4.50% GLA: 12,608

Closed

J. Rayl Transport Sale-LeasebackDallas, TX

J. Rayl Transport 20-Year Absolute NNN Truck Terminal Sale-Leaseback in Sunnyvale, TX (Dallas MSA)
Offering Includes 13.46-Acre Site with 11,525 SF Building; Situated in Dallas County, Town of Sunnyvale “I” Industrial Zoning

Price: $4,417,000

CAP Rate: 6.00% GLA: 11,525 SF

Closed

Rite Aid – BellevilleBelleville, Michigan

Hard Corner Location Seeing Over 33,000 Vehicles Per Day
Strong Immediate Demographics: Average HouseholdIncome$87,783 and Population Counts of 3,3,3117 withinThree-Miles and 92,509 within Five-Miles

Price: $4,132,500

CAP Rate: 7.80% Term: 4.25 Years

Closed

AutoZone Distribution Hub & Retail StorePlain Township, OH

New AutoZone Distribution Hub & Retail Store 15-Year Lease in Canton, OH
Low/Replaceable Rent of $8/SF Provides AutoZone with a Low Overall Cost of Occupancy

Price: $4,150,000

CAP Rate: 4.50% GLA: 22,009 SF

Closed

Citizen’s BankNorth Olmsted, OH

Citizens Bank Abs NNN Lease with 5.25 Years Remaining in North Olmsted, OH (Cleveland MSA)
2.5% Annual Rent Increases in Current Term & Remaining Option – CAP Rate of 6.8% by End of Current Term

Price: $1,537,000

CAP Rate: 6.00% GLA: 2,878 SF

Closed

Dollar TreeMilford, OH

Single Tenant Dollar Tree Located in Cincinnati, OH
Dollar Tree (NASDAQ: DLTR) has A2 Credit Rating and $25.77 Billion in Annual Sales

Price: $1,900,000

CAP Rate: 6.40% GLA: 9,997 SF

Closed

Advance Auto PartsGalion | Ohio

RECENT LEASE EXTENSION: Over 10 Years Remaining
STRONG STORE SALES: Tenant is Operating at a 3.8% Rent to Sales Ratio

Price: $900,000

CAP Rate: 6.15% GLA: 5,675 SF

Closed

The Plaza at Chapel HillCuyahoga Falls, Ohio

Giant Eagle, Burlington & Dick's-Anchored Power Center, Purchased by Baltimore, NYC, and Miami-Based Private Equity Partnership
NYC-Based Private REIT Seller, Escrowed During COVID-19 Crisis with 74% LTV Bridge Loan Successfully Obtained from First National Bank

Price: $46,000,000

GLA: 458,953 SF Occupancy: 90%

Closed

Southport & Indian Trail PlazasKenosha, Wisconsin

92% Occ. Regional Shopping Center w/ Grocery Component
Tenants Include Kohl's, Fresh Thyme, Hobby Lobby, Fresenius, Five Below, Dollar Tree & More

Price: $43,500,000

CAP Rate: 8.50% GLA: 407,367 SF

Closed

Stone Creek Towne CenterCincinnati, Ohio

Value Add Opportunity: Increase Net Operating Income by 28 Percent via Lease-Up of Vacant Suites (13,653 Square Feet) at Market Rates; Projected Year Three Net Operating Income of $3,184,351
Parcelization Strategy: Freestanding Credit Users Including Best Buy, Starbucks, and an Under Market Logan’s Roadhouse Pad are Prime Candidates for Bifurcation

Closed

Bluffton GatewayBluffton, South Carolina

Freestanding Sam's & Walmart, Direct Deal Sourced Off-Market
Georgia-Based Seller, NYC-Based 1031 Buyer

Price: $18,550,000

CAP Rate: 5.07% Term: 17 Years

Closed

The Shops at Worthington PlaceColumbus, Ohio

Out-of-State Buyer Secured New Debt
Texas-Based Seller, PWF Repped Both Sides

Price: Confidential

GLA: 139,283 SF Occupancy: 91%

Closed

Marketplace at Four CornersAurora & Solon, Ohio

Private NY Buyer 1031 Exchanging APT to RET, Florida-Based Seller/Original Developer
75% LTV CMBS Loan Assumed by Buyer in 81 Days, Walmart & Kohl's Included in Sale

Price: $55,675,000

CAP Rate: 7.18% GLA: 525,708 SF

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