JRW Realty makes it easy to buy Scheels in Great Falls, Montana
PASADENA, Calif., July 12, 2022 /PRNewswire/ — JRW Real Estatea commercial real estate company that specializes in sourcing net-lease properties for institutional clients, has announced that it has facilitated the purchase of a net-lease Scheels at Great Falls, Mt.
“This is our buyer’s first acquisition of an experience-based sporting goods and retail store.” – JRW Realty
Carol Venareal estate advisor at JRW Realty, represented the buyer, while Cushman & Wakefield represented the seller.
With the addition of this 99,279 square foot sporting goods store, JRW Realty has helped clients identify and acquire more than 110 properties year-to-date, with over 2.2 million square feet squares of commercial space, representing more than $500 million in total acquisitions.
Melinda Marstonpresident of JRW Realty’s single-tenant net lease, said the tenant’s strong track record and location specifics make the property particularly attractive.
“This is our buyer’s first acquisition of an experience-based sporting goods and retail store,” Marston said. “Similar to many other recession-proof tenants our buyers are focusing on, Scheels weathered the Great Recession of 2008-2012 extremely well, with no need to downsize or lay off staff, due to its positioning in the market and its loyal customer base. In addition, the tenant has also demonstrated a strong commitment to the store in this location, which has very high sales per square foot.”
Marston added that JRW Realty’s specific buyer criteria require diligent property research, but once the right type of property is identified, their buyers are able to close quickly.
“Our clients continue to seek tenant-backed net lease properties with superior credit ratings that operate in recession-resistant sectors,” she said. “Their strong balance sheets and streamlined due diligence processes tend to allow for smooth closings, allowing them to close within 28 days of signing a contract.”
About JRW Realty
JRW Realty is a commercial real estate brokerage firm that has closed over 900 properties valued at over $3.6 billion on behalf of its clients. The JRW Realty team pays close attention to due diligence, reviewing over 100 properties each week and choosing to source only the top 3-4% for clients based on their rigorous acquisition criteria. For more information, visit www.jrwrealty.com.
Sole Tenant Net Supply Contact
Melinda MarstonPresident – STNL
CA DRE #01950977
Multi-Tenant Retail Provisioning Contact Information
Joel StaffilinoPresident – Multi-Tenant Retail
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SOURCE JRW Real Estate