Cleeman Realty Group is pleased to announce the off-market sale of a free-standing Brookshire Brothers grocery store in Jasper, TX as we continue to close transactions thru the pandemic. The grocery store is located in the heart of Jasper on the hard corner signalized intersection of Highway 190 and South Wheeler Street, which sees combined average traffic count in excess of 39,000 cars per day. The property is located on approximately 3.4 acres and consists of 31,028 SF that is net leased to Brookshire Brothers. The store has been at this location since 1986 and is one of the top performing stores in the chain.
Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented the buyer and seller in this transaction.
“The buyer was attracted to the strong sales volume at the store and the NNN lease that has no landlord obligations,” said Cleeman. “The seller felt this was an opportune time to exit the investment as single tenant grocery assets have continued to see a compression in cap rates these past few months,” said Seelenfreund.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail, multifamily and industrial properties throughout the United States. The Cleeman team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at www.cleeman.com