DZ Realty, LLC Completes Sale of Single Tenant Net Leased Jack in the Box Property in Las Vegas
Release Date: June 24, 2011
Contact: David Zacharia
Las Vegas, NV - June 24, 2011 - (Nevada Business Journal) - June 24, 2011)- DZ Realty, LLC, a net leased investment real estate brokerage firm, has completed the sale of a single tenant net leased Jack in the Box property located in Las Vegas for $1,860,000.00.
The .74 acre parcel was developed in 1998 and thoroughly remodeled in 2011. The property is located on one of the busiest streets in Las Vegas seconds west of I-15. The single tenant property is leased on a long term, triple net basis to Jack in the Box.
David Zacharia of DZ Realty, LLC represented the buyer in the transaction.
"Corporate fast food tenants such as Jack in the Box as a net leased investment property are in great demand and the supply of long term, corporate leases is constrained," said David Zacharia, Principal of DZ Realty, LLC. "Through our diligent efforts to identify the right property for our client we were able to help him close on an asset that has already increased in value since contact execution because of the high demand and limited supply of the corporate, long term fast food net leased investment property," David adds.
About David Zacharia and DZ Realty, LLC
Las Vegas, Nevada based DZ Realty, LLC is an internationally known, investment real estate firm focusing on single tenant and multi-tenant net lease properties. DZ Realty, LLC represents buyers and sellers of net leased real estate including high net worth individuals, developers, REITs, and institutional investment funds. DZ Realty, LLC's principal, David Zacharia, has been in the real estate industry since college graduation in 1990. David has participated in the acquisition and disposition of an estimated $300,000,000 of net lease real estate transactions during numerous real estate cycles. DZ Realty, LLC also has an office in suburban Chicago. The company's website address is www.dzrealty.com
Media Contact:
David Zacharia
DZ Realty, LLC
702.304.9900 Phone
david (at) dzrealty (dot) com
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