KINGSVILLE SINGLE TENANT AT&T SITE ACQUIRED
Kingsville, TEXAS, (4/18/12) — KW Commercial announced the sale of a 3,300 square foot free-standing, single tenant retail center at the southeast corner of General Cavazos and Brahma Boulevard. The center, leased to AT&T (Corporate) is shadow anchors the Kingsville WalMart adjacent to highly traveled Hwy 77. The property is surrounded by: WalMart, Christus-Spohn Hospital, Kingsville High School, Starbucks and more. The Buyer, an out of state Investor, Breakfast Clubbers, LLC was represented by Nick Nelson, and Jim Young, of KW Commercial. The Seller, was represented by Craig Garansuay, of United Commercial Realty.
“Single tenant net lease assets in primary markets have become the coupon clipper investment to many large equity firms around the US. When these companies lowered their minimum investment size to +/- $2M and started buying without using conventional debt, it compressed the cap rates in most desirable markets. Our clients with higher cash flow requirements using traditional lending are now becoming more creative in their investment criteria. ” said Nick Nelson.