First National Realty Partners (FNRP), one of the fastest-growing vertically integrated real estate investment firms in the United States, has announced the disposition of a 61,000-square-foot, single-tenant grocery property at 1121 Jerusalem Ave. in Uniondale. FNRP acquired the ShopRite-leased asset in August 2020.
A top-performing location within the ShopRite cooperative, the supermarket is adjacent to a popular Walmart store and generates significant daily traffic as a staple of the community. The site benefits from exceptional demographics and a desirable Nassau County address with direct access off Jerusalem Avenue, proximate to Meadowbrook Parkway.
1121 Jerusalem Ave.’s essential-category tenant made it a risk-averse investment opportunity during COVID-19 business disruptions. The end result produced a net average annual return for FNRP’s partner-investors of 23.73%.
“We are pleased with our execution on this deal and the return that it has provided to our investors in such a short amount of time,” said Matt Annibale, senior director of acquisitions. “We had the benefit of working with a high-quality buyer that we recently transacted with on another deal.” The sale underscores the ongoing resilience of the grocery-anchored retail niche and the institutional demand for these assets.”
FNRP provides everyday accredited investors with access to real estate assets that traditionally have been available only to institutional investors. Specializing in grocery-anchored, necessity-based retail product, the firm sources opportunities both on and off-market nationwide. From acquisition to disposition, FRNP oversees the entire investment lifecycle 100% in-house, leveraging top talent in legal, acquisitions, leasing, and other key areas to ensure its properties achieve maximum value and partners realize exceptional, risk-adjusted returns.
###
About First National Realty Partners, LLC
151 Bodman Place, Suite 201, Red Bank, NJ 07701
Get instant access to all of our current and past commercial real estate deals.
NOTICE: An investment in commercial real estate is speculative and subject to risk, including, inter alia, the risk that all of your investment may be lost. Any representations herein concerning the viability and profitability of investing in commercial real estate, including, without limitation, the stability, diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. Cash distributions and any specific returns are not guaranteed. Securities are only available to verified accredited investors who can bear the risk of loss of their investment.
The information contained herein, including text, graphics, images and information, is general in nature and is for informational and illustration purposes only.
FNRP makes no representations or warranties of any nature whatsoever regarding any tax matters, including, without limitation, the ability of an investor to invest in FNRP with its specific self-directed IRA vehicle. The investor should independently obtain advice from his or her own independent legal counsel and/or tax accountant and/or IRA servicer regarding any such investment and the tax benefits and burdens associated with same.
*All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. Any product names, logos, brands, and other trademarks or images featured or referred to within are the property of their respective trademark holders. None of the trademark holders are affiliated with FNRP.
Copyright ©2024. FNRP. All Rights Reserved