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LOS ANGELES-A locally based investor has acquired a portfolio of five NNN-leased Goodyear and Just Tires stores in the Southeast despite a lack of operating history at two of the newly built locations and other challenges, according to Century City-based Verona Capital Markets, which arranged the $7.6 million acquisition loan for the portfolio. Edward Kim, VCM principal, points out that the financing presented a number of challenges, among them “the non-investment grade nature of the tenant, specialty use nature of the collateral, above market rents and lack of operating history for two of the stores that were newly constructed.”

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