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Cove Capital Investments Acquires Retail Property In Quinlan Texas For $6.4 Million

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SOLD

Texas

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Retail23,957 SF
Sold 08/28/2024
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Property Image
SOLD

Cove Capital Investments Acquires Retail Property In Quinlan Texas For $6.4 Million

2100 East Quinlan Parkway

See Similar Deals
Retail23,957 SF
Sold 08/28/2024
the dealdetailscomps

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:23,957 SF
Transaction Type:Sale

The property asset involved in this transaction is a newly constructed retail space encompassing 23,957 square feet, situated on 5.22 acres at 2100 Texas 276, Quinlan, TX. The asset is valued at $6.4 million and features a 15-year corporate lease with Tractor Supply Company under a net lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6.4 million
  • Buyer: Dwight Kay & Chay Lapin
  • Buyer Company: Cove Capital Investments
  • Lease Type: Net lease
  • Lease Duration: 15 years
  • Market: Quinlan

Dwight Kay and Chay Lapin, representing Cove Capital Investments, have acquired this asset as part of their investment strategy, focusing on risk-mitigated properties suitable for 1031 exchange transactions. This acquisition expands their portfolio, emphasizing stable net lease properties.

Details

SOLD
IMAGE: Dwight Kay & Chay Lapin DATE: 08/28/2024 ADDRESS: 2100 Texas 276 MARKET: Quinlan ASSET TYPE: Retail ~ SF: 23,957 ~ ACRES: 5.22 BUYER: Dwight Kay & Chay Lapin - Cove Capital Investments NOTE: Cove Capital Investments acquired a net lease property in Quinlan, TX, under its Tractor Net Lease 79 DST, a $6.4 million debt-free offering. The newly constructed Tractor Supply store features a 15-year corporate lease, adding to Cove's portfolio of risk-mitigated, 1031 exchange assets.

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