Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Eric P. Wohl and Edward B. Hanley have launched HIG NNN, a new division of Hanley Investment Group, specializing in the sale and advisory of single-tenant net lease properties across the United States.
With a retail property track record exceeding one billion dollars, HIG NNN creates value for its clients by providing highly specialized investment services to build and preserve wealth. HIG NNN’s nationwide relationships with investors, developers, institutions, franchisees, tenants, brokers and 1031 exchange buyers are unparalleled in the industry, translating to maximum exposure and pricing for each property marketed and sold.
“Single-tenant net lease properties are the most sought after investments in the market today due to their ease of management, long-term lease structure and strong financial guarantees and we expect the market to continue to grow," said Eric P. Wohl, president of HIG NNN.
"The low interest rate environment and the lack of safe-haven investment alternatives are driving new sources in build-to-suit and sale-leaseback activity in successful urban infill locations," said Edward B. Hanley, president of Hanley Investment Group. "There is a strong demand for stable and dependable income streams that these single-tenant properties can provide. And, since there has been very little new development over the past few years, this has caused some pent-up demand."
But, not all retailers are created equal. According to Wohl, it is important for an investor to select well-performing retailers. "The majority of the single-tenant net lease properties being purchased today are 'necessity based' retailers, like drug stores, banks and food stores, which tend to do better than other retail categories during a recession," Wohl explained.
Wohl’s ten years of experience selling net lease properties in major metro markets across the country, coupled with the new HIG NNN platform will help better serve client’s needs and ensure that each listing receives customized attention and maximum exposure. “We utilize our property-specific marketing strategies, leading-edge technology and a highly-targeted database of net lease investors, developers, franchisees, and tenants from every market in the country, which is unmatched in the industry, to insure the highest value is achieved on each listing," Wohl said.
“In the last 12 months, we have set multiple records for the lowest capitalization rates for both Walgreens and CVS deals in California,” Wohl stated. “Our ability to match California investors with out-of-state net lease properties has also allowed us to generate remarkable prices that are usually significantly higher than hiring a local area broker.”
Last month, the group negotiated the sale of a Walgreens in Victorville, Calif., at a cap rate of 5.69% cap rate, the lowest cap rate for a single-tenant drug store in southern California in over 3 years. HIG NNN procured an all-cash buyer that closed escrow in approximately 2 weeks. This transaction represented the 7th single-tenant Walgreens in southern California that HIG NNN has sold in the last year; the most by any brokerage company in southern California in 2011-2012. Currently, HIG NNN has listed a total of 15 single-tenant net lease properties totaling $45.7 million.
"It is our goal to provide a better and more profitable investment sales experience for owners of single-tenant net lease properties nationwide," Wohl said. "Our client-first philosophy and successful experience with single-tenant assets plus a centralized national service platform results in a better sales experience and greater profits for our clients."
About HIG NNN
HIG NNN is an investment division of Hanley Investment Group Real Estate Advisors specializing in the sale and advisory of single-tenant net lease properties. With a track record exceeding one billion dollars, HIG NNN creates value for clients by providing highly specialized investment services to build and preserve wealth. HIG NNN is committed to delivering unparalleled service and results by utilizing property-specific marketing strategies and cutting-edge technology to insure the highest value is achieved. HIG NNN’s nationwide relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers are unparalleled in the industry, translating to maximum exposure and pricing for each property marketed and sold. With unmatched service and experience, HIG NNN is a market leader in the disposition and acquisition of single-tenant net lease investments across the country.
About Hanley Investment Group Real Estate Advisors
Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors (hanleyinvestment.com) is a boutique retail investment advisory firm with a three billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations. Hanley Investment Group’s expertise, commitment and unwavering focus of putting the client’s needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, lending institutions, developers, and institutional property owners in every facet of the transaction to insure that the highest value is achieved. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information and retail property acquisitions and dispositions. Hanley Investment Group is an FDIC approved vendor for the disposition of commercial properties, and has over 20 years of experience.