The Home Depot Inc.

Challenge

The single-tenant asset had a high price point considering the user had only 10 years remaining on the lease and the property had considerable deferred maintenance issues to overcome.

Strategy

Determining an institutional investor as an ideal buyer, we strategically offered the asset directly to top NNN REIT buyers in the market and scheduled calls to pitch directly.

Result

The property sold at an aggressive price to a buyer with whom we had an existing relationship.