DALLAS--HighStreet Net Lease Group, a Houston-based company specializing in the disposition and acquisition of net-leased investment properties, recently represented two private groups in the acquisition of net-leased properties in Arlington and Texas City, TX. 

Matt Moake, an acquisition/disposition executive at HighStreet Net Lease Group, represented the buyer in both transactions.

“Both of these assets are in highly competitive Texas markets so acquiring them at each buyers' target price point was a great accomplishment,” Moake told GlobeSt.com. “Our clients will enjoy immediate strong returns on their investment given the established tenancy in high traffic locations that are primed for continued growth.” 

Jason Vitorino of Marcus & Millichap represented the seller of the Nebraska Book Co. center, a two-tenant retail property at 2135 Southeast Parkway in Arlington. The 6,000-square-foot center sits on a 1.22-acre parcel and is 100 percent occupied with stabilized tenancy. The property is located directly across from Tarrant County Community College. The newer retail asset houses a bookstore and café.

Kevin Goldthwaite with Colliers International represented the seller of the Jiffy Lube, a 2,000-sqaure-foot STNL asset sitting on a 0.60 acre parcel at 3314 Palmer Highway in Texas City. The net leased investment property has more than 10 years remaining on the absolute triple net (NNN) lease. The asset sits along a high-traffic retail corridor surrounded by numerous other national credit tenants in a growing submarket of Houston

HighStreet Net Lease Group has closed nine separate single and multi-tenant retail transactions with the two buyer clients over the last 18 months, testament to their high activity level within the net leased market.