A significant portfolio of single-tenant retail properties has changed hands in a deal valued at nearly $76 million, underscoring continued investor interest in stable, long-term income streams from nationally recognized brands. The transaction, completed by Agree Development—an affiliate of Agree Realty, one of the country's largest publicly traded net lease REITs—involves ten properties spanning five states.
The portfolio, totaling over 322,000 square feet of retail space, includes a mix of grocery stores under the Albertsons corporate banner, auto service locations, and a Dutch Bros coffee outlet. The sites are spread across Colorado, Illinois, Nevada, Texas, and Wisconsin.
Most notably, five of the assets are grocery stores secured by guarantees from well-known names such as Jewel-Osco, Safeway, and Tom Thumb. The remaining properties comprise auto service centers operated by national tenants like Firestone, AAA, Sun Auto, and Jiffy Lube, as well as a Dutch Bros Coffee location.
The seller, a private investor with roots in Beverly Hills residential development and Greater Los Angeles multifamily real estate, has spent decades building their holdings. Their advisor for the transaction, Paula Danker, SVP at Kidder Mathews, has guided the client through numerous deals over the past 15 years.
According to Danker, the move from multifamily to net-leased retail property reflects a strategic shift common to experienced investors seeking predictable, low-maintenance income during retirement. She explained that while apartment buildings can generate strong returns, the associated responsibilities can be demanding, prompting some property owners to opt for net-leased investments.
The majority of the tenants are backed by corporate guarantees, and the leases are reported to average more than twelve years in remaining term, appealing features for buyers seeking insulation from volatility and turnover risk.
Executing a sale of this size required careful coordination among multiple specialists. In addition to Danker, licensed in both California and Texas, the process involved brokers from several different firms—including Scott Reid of Parasell and Jon Nesbitt, Kristen Zimmerman, and Remy Tams of Designated Broker Solutions.
Professionals involved in the deal emphasized the complexity of the multi-state transaction. According to the seller’s counsel, Morley Mendelson, such a broad deal tests the abilities of brokers and attorneys alike.
Danker’s career stands out in Southern California’s competitive net-lease investment arena; she has overseen more than $1 billion in sales, including over $100 million already in 2025.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.