Notable NNN Capital Transactions
Aronov Portfolio: $112,000,000
In June of 2014 Principals of NNN Capital represented Publix Supermarkets in the acquisition of a nine property portfolio spanning across Alabama and Georgia. At the time it was the largest portfolio of Publix Supermarket centers ever transacted.
Sutton Portfolio: $64,000,000
In September of 2016 principals of NNN Capital sold Dunlawton Square in Daytona, FL & Indian River Village in New Smyrna Beach, FL on behalf of the Sutton family for a record $64,000,000. At the time this was the highest price per square-foot paid for any Publix anchored shopping center outside South Florida.
Hollieanna Shopping Center: $24,775,000
In October of 2014 principals of NNN Capital represented the Perry family in the sale of Winter Park, Florida’s Hollieanna Shopping Center. This 101,856 square-foot shopping center had been owned by the Perry family (Terre Haute, Indiana) for over 60 years prior to the sale.
Market Cycle Tested
dating back to 2007.
Surterra Portfolio: $24,750,000
In August of 2020 NNN Capital made history by selling the largest Cannabis transaction in the country between Vision Development & Management & V3 Capital Partners. In total 17 Cannabis dispensaries changed hands for $24,750,000.
Charles Hight Square: $21,000,000
In October of 2014 Principals of NNN Capital represented an Atlanta developer in the sale of Charles Hight Square located just outside of Atlanta in Rome, Georgia. This 88,741 square-foot shopping center built in 2013 is home to a 54,360 square-foot Publix Supermarket. Transacted in less than forty-five days this $21,000,000 deal represented the lowest CAP rate of any grocery deal in Georgia at the time of sale.
Terrace Ridge Plaza: $14,700,000
In August of 2014 Principals of NNN Capital represented Publix Supermarkets in the purchase of Terrace Ridge Plaza from a family office based out of Manhattan, NY. At the then 45,600 square-foot layout, Publix desired to redevelop the site into a larger single-tenant location of 56,000 square-feet and did so some years after the consummation of the transaction.
Dalraida Commons: $13,300,000
Monetized in August of 2015, Dalraida Commons is a 68,250 square-foot, Publix anchored shopping center located on the outskirts of Montgomery, Alabama. Transacted at a sub-six at 5.84% CAP rate, principals of NNN Capital represented the Seller, a developer out of Greenville, South Carolina.
Edgewood Isle/Kissimmee Korners Portfolio: $12,728,400
In September of 2012 principals of NNN Capital represented two different Sellers on two different properties to one single purchaser. In navigating this process, NNN Capital principals also sourced local bank debt for the purchaser who was from outside the United States.
Riverwalk Crossing: $10,350,000
In February 2017 Principals of NNN Capital monetized the Riverwalk Crossings shopping center using GroceryAnchored.com 1.0. In the first iteration of GroceryAnchored.com This 69,083 square-foot Publix anchored shopping center located in New Port Richey, Florida was owned by a regional group out of Birmingham, Alabama and sold to a private investor out of New York. Principals of NNN Capital began to see the power of having an effective platform/website custom built for the grocery-anchored product type.
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The Shoppes of Ocoee: $9,405,000
Coming out of one of the worst recessions in US history, the principals of NNN Capital sold The Shoppes of Ocoee for $9,405,000 to an exchange purchaser out of New York. Located on the West side of Orlando this 33,585 square-foot strip center captured the highest price/square-foot of any center in Central Florida over the previous five years at $280/SF.
Imperial Plaza: $9,060,000
In February of 2020 the principals of NNN Capital monetized the first grocery-anchored shopping center on GroceryAnchord.com 2.0 version for $9,060,000. Located in the rural Florida town of Auburndale, this 124,000 square-foot shopping center was deemed difficult to sell given it’s lack of immediate population density. During the process NNN Capital negotiated a lease extension with the Winn-Dixie on behalf of the Buyer, a private equity group out of New York.
West Jackson Crossings: $7,500,000
In November 2014 principals of NNN Capital transacted this 70,346 square-foot Publix anchored shopping center on behalf of a central Florida developer. Located in Georgia between Atlanta and Athens, West Jackson Crossing transacted within 60 days of being listed for sale.
Shoppes at Maitland: $7,140,000
In April of 2017 Shoppes at Maitland (Maitland, FL) was sold on behalf of an Institutional Canadian client for $7,140,000. Utilizing NNN Capital’s stripcenter.com platform and unique marketing strategy, principals of NNN Capital were able to drive north of ten offers to the table and ended up transacting with an institutional investor out of Texas.
Shoppes of Andover: $4,900,000
In July of 2015 Principals of NNN Capital monetized Shoppes of Andover for an Institutional client based out of Washington to a private fund located in New Jersey. The property received multiple offers closing near the listing price.
Lee Vista Commons: $4,800,000
Principals of NNN Capital sold Lee Vista Commons for the second time in five years in May of 2017 for a purchase price of $4,800,000. Previously sold for a lender to a private south Florida group in 2012 for $2,475,000, NNN Capital secured a private Northeast purchaser in May of 2017.
Dominant Digital Real Estate
Wawa Convenience Store: $4,200,000
With the November 2020 sale of a Wawa Convenience store located in Orlando, STNL.com’s first property listed on the platform was monetized in a sea of 24 other Wawa’s located about the country. The Buyer attributed STNL.com’s unique approach to video marketing as one of the main reasons for the transaction.
In March of 2013 NNN Capital principals monetized a rare Walgreens ground lease located in the Florida panhandle town of Destin. It would be the first of many drug store transactions through the years for the principals of NNN Capital. In the case of the Destin Walgreens, NNN Capital represented a family office out of Memphis, TN while creating a competitive bid process that resulted in the sale to a private client from Houston, TX. NNN Capital has sold several STNL drugstores through the years.
Trulieve Cannabis Dispensary: $1,825,000
In October of 2020 Trulieve Cannabis Dispensary became the first property listed and monetized on the STNL.com platform. Taken to market in June of 2020 the property received multiple offers, eventually closing $50,000 above the asking price at $1,825,000. In so doing, NNN Capital’s Nash Williams becomes the first to list, market and sell a commercial property while still an undergraduate student at the University of Central Florida.
Principals of NNN Capital have facilitated approximately $1 Billion in commercial real estate transactions & leases throughout the Southeast United States since 2007.