Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Events
  • Real Estate Awards
  • Subscribe
  • Publications
IndianaMinnesotaRetail

SRS Real Estate Partners closes $7.2 million retail portfolio acquisition in Minnesota, Indiana

December 18, 2020
Share on Facebook Share on Twitter Share on LinkedIn Share via email

SRS Real Estate Partners’ National Net Lease Group has completed the $7.2 million acquisition of a portfolio of two single-tenant retail properties occupied by Christian Brothers Automotive, which was also the seller. Upon close of escrow, Christian Brothers signed 15-year, absolute triple-net leases on the assets as part of a sale-leaseback strategy.

SRS’ National Net Lease Group’s First Vice Presidents Frank Rogers and Michael Carter, who lead the firm’s Detroit office, represented the all-cash buyer, a Midwest-based private investor who was in a 1031 exchange.
The property details include:

3985 W. Smith Valley Road in Indianapolis: The property totals 5,264 square feet and is situated on 1.99 acres. The property is within an affluent area with a population of more than 110,000 people within a five-mile radius. Nearby retailers include Walmart, Target, Starbucks, Home Depot and Aldi.

9565 Zachary Lane N. in Maple Grove, Minnesota: The property totals 5,561 square feet and is situated on 1.42 acres. The property is located in an affluent area with a population of more than 171,000 people within a five-mile radius. Nearby retailers include Costco Wholesale, Walmart Supercenter, Sam’s Club, Target, Home Depot and Kohl’s.

“This was a strategic upleg in our buyer client’s 1031 exchange and provides a stable, long-term investment with no landlord responsibility,” said Rogers.

Tags
IndianapolisMaple Grovesrs real estate partners
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasMultifamily

JPI starts construction of 269-home community in Grand Prairie

June 17, 2025
IllinoisMultifamily

Related Midwest celebrates opening of three residential buildings at Chicago’s Roosevelt Square

June 17, 2025
TexasOffice

JLL Capital Markets closes sale of 194,919-square-foot office property in West Houston

June 17, 2025
IndianaIndustrial

Avison Young negotiates $1.5 million purchase of industrial property in Indianapolis

June 17, 2025

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Events
  • Office Locations
  • Advertise
  • Terms and Conditions
  • Contact
© 2025 REjournals.com