News Column

Royston Group Closes $1.6 Million Chick-Fil-A Sale in the Austin, Texas

January 30, 2014

Los Angeles, CA (PRWEB) January 30, 2014 Today The Royston Group has closed the sale of a freestanding restaurant building leased to Chick-Fil-A for 15 years. The 4,876 square foot building sits on 1.2 acres and is 100% leased to Chick-Fil-A on an absolute triple net lease basis. Greg Cortese represented the seller, a local developer and the buyer, a family investment firm. The transaction was all cash. The market for long-term term, high-quality, single tenant properties with rent increases and in a great location is extremely active. Pricing becomes secondary today if the investment meets these requirements. Demand is still very high for these quality investments. said President Greg Cortese . Greg Cortese , President of The Royston Group and Rob Sutton , Vice President, specialize in the sale of single tenant net lease properties. The Royston Group is a privately held commercial real estate investment firm, founded in 1992. It provides services for a multitude of net lease commercial property types including office, industrial, retail and medical. The company serves an array of clients including high-net worth individuals, developers of office, industrial and retail properties, institutional REITs and pension funds. The firm has completed over $1.2 billion in real estate sales since its inception. More information on the firm can be found at http://www.theroystongroup.com . Read the full story at http://www.prweb.com/releases/2014/01/prweb11532732.htm


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Source: PR Web


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