{"id":1004143563,"date":"2016-05-06T05:24:04","date_gmt":"2016-05-06T13:24:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004143563"},"modified":"2020-05-13T21:15:21","modified_gmt":"2020-05-14T05:15:21","slug":"investcore-commercial-closes-sale-of-garland-retail-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/investcore-commercial-closes-sale-of-garland-retail-building\/","title":{"rendered":"InvestCore Commercial Closes Sale of Garland Retail Building"},"content":{"rendered":"

by Adelina Osan, Associate Editor<\/em><\/p>\n

Garland, Texas<\/strong>\u2014InvestCore Commercial<\/a> has recently completed the sale of a 4,315-square-foot retail property in Garland, Texas<\/a> for $3.2 million. An out-of-state investor acquired the asset<\/a> from Next Play Firewheel LLC in an all-cash, 1031 exchange.<\/p>\n

\"200<\/a>

200 Town Center Blvd.<\/p><\/div>\n

Michael Campbell and Ed Colson, co-founders & principals of San Diego-based InvestCore Commercial, represented Next Play Firewheel in the transaction. The deal closed at a 4.25 percent cap rate.<\/p>\n

Located at 200 Town Center Blvd., the building is triple-net leased to Panera Bread. The popular fast-casual bakery-caf\u00e9 holds a 15-year ground lease, with three, five-year options to extend at the property. Rent schedules include increases of up to 7.32 percent.<\/p>\n

\u201cThis property is a prime example of a core asset selling at a competitive cap rate,\u201d Campbell said in a prepared statement. \u201cThere is still a large pool of investors seeking long-term security. The fast-casual restaurant segment in growing markets can provide the perfect opportunity for such an investment.\u201d<\/p>\n

Image courtesy of InvestCore Commercial<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In a $3.2 million deal facilitated by InvestCore Commercial, Next Play Firewheel sold the property at 200 Town Center Blvd. to an out-of-state investor. <\/p>\n","protected":false},"author":735,"featured_media":1004143565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21742,21749],"tags":[],"class_list":["post-1004143563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-latest","category-retail"],"acf":[],"yoast_head":"\nInvestCore Commercial Closes Sale of Garland Retail Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/investcore-commercial-closes-sale-of-garland-retail-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InvestCore Commercial Closes Sale of Garland Retail Building\" \/>\n<meta property=\"og:description\" content=\"In a $3.2 million deal facilitated by InvestCore Commercial, Next Play Firewheel sold the property at 200 Town Center Blvd. to an out-of-state investor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/investcore-commercial-closes-sale-of-garland-retail-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-06T13:24:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-14T05:15:21+00:00\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/200-Town-Center-Blvd..jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/investcore-commercial-closes-sale-of-garland-retail-building\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/investcore-commercial-closes-sale-of-garland-retail-building\\\/\"},\"author\":{\"name\":\"Adelina Osan\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"headline\":\"InvestCore Commercial Closes Sale of Garland Retail Building\",\"datePublished\":\"2016-05-06T13:24:04+00:00\",\"dateModified\":\"2020-05-14T05:15:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/investcore-commercial-closes-sale-of-garland-retail-building\\\/\"},\"wordCount\":178,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/investcore-commercial-closes-sale-of-garland-retail-building\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/05\\\/200-Town-Center-Blvd..jpg\",\"articleSection\":[\"Dallas\",\"Deals\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/investcore-commercial-closes-sale-of-garland-retail-building\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/investcore-commercial-closes-sale-of-garland-retail-building\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/investcore-commercial-closes-sale-of-garland-retail-building\\\/\",\"name\":\"InvestCore Commercial Closes Sale of Garland Retail Building - 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