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Home of Sprouts Farmers Market Trades Hands

Reserve Partners Sells Retail Building After 13-Year Ownership
November 17, 2017
Edmond, OK-based Reserve Partners, LLC sold the single-tenant retail building at 511-515 Goddard Rd in Wyandotte to Agree Realty Corp. Although the sale price was not disclosed, the asking price was $9.05 million and the sale was expected to generate a capitalization rate of 5.98%.
The 31,100-square-foot retail building is located in the Edmond Retail submarket. It was constructed in 1964 and underwent renovation in 2012.
Agree Realty purchased the property as an investment. The tenant, Sprouts Farmers Market, last renewed their lease in second-quarter 2013 on a 13-year deal, according to CoStar information.
Please see CoStar COMPS #4034367 for more information on this transaction.
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