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Net Lease-Investment Sale-Millbrook, AL

Bennett Realty & Development announces the sale of rapidly expanding urgent care centers in Millbrook, AL. One of the original locations, lease extended 10 years with annual rent bump.

This company is committed to helping heal their community, FAST! They work hard to make sure their patients don’t have to travel far from town to take care of their health needs. From urgent care to illness care to preventative care and now primary care, they focus on delivering high-quality medical care for the entire family.

Bennett Realty & Development chose Pegasus Capital Markets to originate the financing. Bill Howard (BRD) represented the buyer. The STNL with financing generates 8+% annual ROI after debt service.

Tax benefits include depreciation amortization, in this case, cost segregation. The 10-year treasury is 1.49%.

For more information on this sale or if you need representation on purchasing/selling an STNL asset, please contact:

Bill Howard
732.837.2999
bill@bennettrealtyllc.com

Net Lease-Investment Sale-Millbrook, AL Read More »

Press Release: Commercial Land Sale Announcement!

We are proud to announce the completed sale of 1.74 acres commercial property located on the corner of State Route 18 & Marlboro Road, Old Bridge, NJ. Joel Dicker of BRD represented the buyer. We wish the buyer all the best.

For more information, please contact Joel Dicker, Vice President 908.6110.8488 joel@bennettrealtyllc.com.

Press Release: Commercial Land Sale Announcement! Read More »

Press Release: STNL Closed Deal Announcement! – Dothan Commons, Dothan, AL.

We are pleased to announce the sale of Dothan Commons in Dothan, AL. Bennett Realty & Development (BRD) in collaboration with Pegasus Investments (represented the seller and will manage the property) completed the sale. Tyler Johnson of Pegasus Capital Markets managed the financing.

Dothan Commons is a six-tenant retail center is anchored by Starbucks and includes, AT&T, Jersey Mike’s Subs, Merle Norman Cosmetics, Southern Nutrition, and Everly Nail Spa.

For more information, please feel free to contact both parties.

Bill Howard (BRD) @ 732.837.2999
David Chasin (Pegasus) @ 310.691.1350 x 101
Daylin Ackerman (Pegasus) @ 310.691.1350 x 114
Tyler J. Johnson (Pegasus) @ 310.691.1350 x 112

#bennettrealtydevelopment #cre #stnl #nnn #dothan #pegasus

Press Release: STNL Closed Deal Announcement! – Dothan Commons, Dothan, AL. Read More »

Press Release: Walgreens/Rite Aid Disposition Property – Just Sold – 1091 S. Broad St., Trenton, NJ

Bennett Realty & Development (“BRD”) is proud to announce the sale of a former Rite Aid property located at 1091 S Broad Street, Trenton, NJ 08611. 

This property was added to our disposition list of former Walgreens/Rite Aids throughout New Jersey and we successfully closed in just over 4 months from our launch. 

Tyler Bennett, CEO, and Dylan Rotchford, both from BRD, represented the Landlord and Buyer in the transaction. This sale completes the JLL & Walgreens marketing assignment for this property. We wish the buyer much success. For more information on this closed deal, please contact Tyler Bennett, CEO, or Dylan Rotchford at 732.837.4060 or via email at tyler@bennettrealtyllc.com or dylan@bennettrealtyllc.com.

Press Release: Walgreens/Rite Aid Disposition Property – Just Sold – 1091 S. Broad St., Trenton, NJ Read More »

Ground-Breaking Event – 803 South Avenue, Plainfield, NJ

We recently had our ground-breaking event in the City of #Plainfield for our latest #multifamily project located at 803 South Avenue, Plainfield, NJ. We’d like to thank Mayor Mapp, the City Council, Valerie Jackson, and our entire #Team including EDEN Properties Co., Dynamic Engineering, Minno Wasko, and Calli Law. None of this is possible without these folks endorsing our #vision. It is a true example of a “Public-Private” partnership. We look forward to this building coming to life and being a staple of the City for many years to come and to many more #redevelopment projects in the city. Bennett Realty & Development #bennettrealtydevelopment #development #cre #gratitude #StayTheCourse #cityofplainfield

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Grand Opening! Tio Taco + Tequila Bar, MARLBORO, NJ

We are proud to announce the GRAND OPENING of Tio Taco + Tequila Bar’s latest location at 280 Route 9 N, Marlboro, New Jersey. Congrats to TEAM TIO for all their hard work to continue the brand’s growth throughout the New Jersey Area. WE would LOVE if you came to try the various menu options.

#GrandOpening #MarlboroNJ #CRE #socialmedia #tiotacotequilabar #Restaurant #KillCorona #CovidSux #EatDrinkLaugh #Restaurants #BennettRealtyDevelopment

Grand Opening! Tio Taco + Tequila Bar, MARLBORO, NJ Read More »

Press Release: Joint Real Estate Companies Announce Sale of 803 South Avenue, Plainfield, NJ.

Bennett Realty & Development (BRD) and EDEN Property Company, LLC (EDEN) are proud to announce the sale of 803 South Avenue in Plainfield, New Jersey. The development project is fully approved, located in Redevelopment and Opportunity Zones, and included a 30-Year PILOT. It will bring tremendous value to this ever-changing area of the City. 

The Project consists of a 104 market-rate apartment and 115 on-site covered parking stalls with amenities that included an 8,000 square foot, meticulously designed outdoor landscaped courtyard and an adjacent 4,000 square feet of highly functional indoor amenity space which incorporates a fitness room and club room. Located in the Netherwood area of the City, the site is within walking distance to the NJ Transit Train Station providing direct access to Newark and Manhattan via a transfer. 

Bordering the site are Routes 22, 27, and 28 as well as Interstates 78 and 287 offering excellent vehicular connections to the Metro area. The Project is also well positioned to some of New Jersey’s largest workforce concentration centers including the Bridgewater and MetroPark submarkets. 

BRD & EDEN hired CBRE to manage the marketing and sale of 803 South Avenue. We are thrilled by their great work procuring the buyer, West of Hudson. We congratulate the new owner and are eager to see the completed project which is just one of many future developments that BRD & EDEN are engaged in to strive to create new growth within the City of Plainfield.

“This is our second joint-project in the City of Plainfield which is a testament to our belief in the market and the fundamentals. This project wouldn’t happen without the unwavering support of the City of Plainfield and Mayor Mapp’s administration,” said Tyler Bennett, CEO of BRD. “We are excited to continue this relationship and announcing more projects soon.” 

Dennis Cieri, CEO of EDEN added; “We are delighted to see this project finally coming out of the ground after nearly 4 years of diligent work. Our team, the City, and our ongoing belief in this market created a true one-of-a-kind multi-family project that will benefit the City for years to come.”

Minno Wasko Architects, Dynamic Engineering, and Calli Law comprised of the design, engineering, and land use team for the Project. 

About Bennett Realty & Development (BRD)
Bennett Realty & Development is a fully-integrated commercial real estate company with offices in New Jersey and North Carolina. With a focus on commercial and multi-family development and third-party services including disposition, investment sales, leasing, and tenant representation, BRD maintains an unrivaled specialized approach to the commercial real estate space. 

For more information, please contact: 
Ray Martinez
Digital Marketing Manager
info@bennettrealtyllc.com 

Feel free to follow our CEO, Tyler Bennett via: 
Linkedin: @tylerbennett
Instagram: @tylerobennett

Feel free to follow BRD via: 
Linkedin: @bennett realty & development, Instagram:@bennett_realty_development
Facebook: @Bennett Realty & Development LLC
Twitter: @bennett_realty

Press Release: Joint Real Estate Companies Announce Sale of 803 South Avenue, Plainfield, NJ. Read More »

Ground-Breaking Event in the City of Plainfield

Just recently, we had our ground-breaking event in the City of #Plainfield for our latest #multifamily project. What began as a novel idea nearly 4 years ago is finally happening. In replacement of this building, you see in the picture will stand 120 beautifully appointed, market-rate #apartments adjacent to #NJTRANSIT train station.

We’d like to thank Mayor Mapp, the City Council, Valerie Jackson, and our entire #Team including Dynamic Engineering, Minno Wasko, and Calli Law.

None of this is possible without these folks endorsing our #vision. It is a true example of a “Public-Private” partnership. We look forward to this building coming to life and being a staple of the City for many years to come and to many more #redevelopment projects in the city.

Bennett Realty & Development

development #gratitude #cre #StayTheCourse #cityofplainfied

Ground-Breaking Event in the City of Plainfield Read More »

Part IV—OF MY 100-MILE ULTRA-MARATHON JOURNEY—THE FINAL CHAPTER

I have unfinished business…this last part of this Series. I am going to just dive right in to explain a lot of the “what” for proper context. The Georgia Jewel is a 100 mile-ultra marathon on The Pinhoti Trail system which encompasses Alabama and Georgia in the southern Appalachian mountains. In September, it is like a lush green jungle.

At times with no more than 4’ of visibility. If you pass someone or someone passes you on the trail, which oftentimes was a single-track, you wouldn’t know until you were nearly on top of the person, or they were on top of you. In addition to the remoteness, the elevation changes of this race are ruthless, over 20,000 feet throughout the 100 miles and the ankle-turning rocks are everywhere!

Needless to say, the terrain is unrelenting…but so am I.

Due to COVID, the starting format had to be altered. Beginning at 4 pm they would start 10 racers every 1 minute for 11 minutes until all 111 of us were gone. Somehow, I ended up in the 4:11 pm race start and because the plan was to start slow, I began the first 5 miles of the race in DEAD LAST. Before the race, my friend Chadd Wright, who had introduced me to this event reminded me that I should start slow, ultra-slow. I heeded his advice. My first challenge; stay calm and confident when I knew I could faster.

Over the next 30 plus hours, I would go to pass 40 different people throughout the 100 miles.

No 100-mile race is complete without a CREW. I had four of the best. Two of which had never seen or been involved in ultra-running and two were well versed in the sport, who would be my Pacers. I came to realize that this is undoubtedly a team event. You move as quickly as your CREW will move. Morale, nutrition, cut-off times, and weather are dictated by your CREW, although some choose to do it on their own.

At mile 15 I rolled my left ankle pretty bad on the trail and went down. This was a pivotal moment for me. It was dark, no one was around, and I had 1 choice; keep moving. I tightened my sneaker and eventually put on gators for added support. The pain dissipated, or should I say, other parts just began to hurt. With a 4 pm start time, you start in daylight, then nightfall happens pretty quickly.

I ran into the darkness of night mostly alone in the solitude of my mind, in nature, and my thoughts. In a world of countless mind-drifting distractions, my mind was singularly focused on the task at hand. This was a big part of my WHY. To engulf me in an unmatched concentration level and simply being in the moment, staying deliberate, and executing the plan. Having only seen my crew at Miles 18 and 36 in the front 50 miles, the first part of the race was very individual, which I was prepared for.

I trained alone, was used to running alone, but the truth is I was not alone. Given the vastness of the area and the format of a spread-out field as nightfall came I would not see another person for nearly six hours but I knew my CREW would be ready when I came in, and they were. Miles 18 and then 36 were in and out. I had momentum and felt good.

NO NEGATIVE THOUGHTS OR CURSES

After 50 miles, my pacers, Ryan and Matt were able to join me, albeit at separate times. Ryan would run from mile 50-57, then Matt from 57-82, and then back to Ryan to finish. The early sunrise helped many people get a second wind; I had never lost my initial flow. I was steady.

My stomach was in good shape, my caloric intake plan was dialed in and overall, I felt great. I had contemplated changing by sneakers and socks at mile 40 but after seeing several runners drop out of the race during this attempted pit stop, by mile 50 I choose to keep my sneakers and socks on the entire race. It worked.

Mile 50 turned to 60 and 60 to 70 in somewhat of a blur, daylight turned to night again; the second night.

My pacer Matt was dialed in on his mental game plan for me and I felt like I was doing well. There was a hard cut-off time at Aid Station 81.2 at 4 pm.

This was the “RACE” really tightened up.

Everyone said if you make it to this Aid Station before this cut-off, you will finish the race. A lot of thought and effort was put into that and it would be at the Aid Station that Matt would drop and Ryan would take over. I tried not to let such a goal overwhelm me as I knew I had a grueling 18 miles ahead of me in what was the hardest part of the course.

I would see my crew at that last aid station and then not again to the finish line, except for Ryan who would PACE me to the end. Now it was dark again. Light to dark, to light, back to dark. I had been awake for nearly 40 hours and running for nearly 25 of them. Fatigue set in. The last 18 miles we chipped away through an area of the trail referred to as the “Rock Garden”….so many rocks it was hard to get in a rhythm or pace.

By mile 90, I had hit a spot I had never been to. A pain in my feet impossible to describe and a focused silence. This is where it got hard, really hard. Hard to stay in the moment. Hard to not do calculations in my head of the approximate time I would finish or get to the next to last aid station. Agitation set in.

At this point, we were with 2 other runners, which quickly turned to 1. As we rounded mile 95 and the last part of the rock garden we came across a woman who was physically and mentally spent, leaning on a tree and crying her eyes out. The brutal truth of a race against the clock was that we had to keep moving, after giving her some nutrition. That moment stayed with me. I underestimated the challenge of leaving someone like that behind.

Finally, Mt. Baker a steep a steady climb straight up as the last leg of the race. A brutal climb seemingly designed to take out the weak.
We were all in a weakened state.

I can feel it and taste it now. I knew I would finish, no matter what.
Volunteers cheered you on in the cool low 50’s temperatures that were unseasonably chilly. I climbed and made it to the top. From there a ½ mile in and victory.

I gave Ryan some of my gear and dug back to the thoughts of how I visualized my finish every day over the past 8 months. In ultra-running, there is no mass crowd at the finish line. It was nearly midnight on night 2 and I heard the loudspeakers of the Race Director who could only see my headlamp.

I ran as best as I could and started to see the rest of my CREW. Crossing the finish line at 31 hours and 24 minutes with so much joy but so much exhaustion I was unable to celebrate the way I imagined. Pictures, air high-fives, and an overwhelming consideration of what I had just accomplished overtook me. I sat down and was too tired to even eat a cheeseburger or drink a beer. I had so much gas, the hiccups overcame me but none of it mattered. I was battered, battle-tested, and weakened but never stronger than before in my life.

I did exactly what I said I would 8 months earlier. The bar was raised again.

The journey of a challenge that is seemingly impossible when you decide to do it, is the challenge worth taking. Over time of my training the little wins washed more and more self-doubt away; completing a 30k, a 50k, then a 50 miler all during the doubt and unknown of a Pandemic. I learned that the primal spirit lives in all of us and is no better exemplified than the selfless participants of this event. All of which earned the experiences through adversity the pursuit

As I look back and think about this event and the training, people I met, and the impact it had on me, I know that it will FOREVER have a positive IMPACT on me. I hope that my experience, shared may have a positive impact on someone else. Go take that leap and try something that seems crazy (but safe). Every year I put 1 BIG thing on my calendar in my ongoing effort to write my life resume. To experience new things so that I may become a better person. The Georgia Jewel is that event for 2020.

If you read this and believe this has nothing to do with business then you probably should stop reading the #BennettBlog. But if you see the correlation, then I hope you see that you can do more.

Part IV—OF MY 100-MILE ULTRA-MARATHON JOURNEY—THE FINAL CHAPTER Read More »

Bennett Realty & Development Welcomes Dylan Rotchford to the Team

Bennett Realty & Development (BR&D) welcomes Dylan Rotchford as its newest member to our roster. Dylan will work hand-and-hand with Founder/CEO Tyler Bennett out of the New Jersey office. 

Before joining BR&D, Dylan worked in the Residential Real Estate market as a Salesperson with a National company. He also worked on the Property Management side of the business, where he learned problem-solving skills in the Shopping Center and Commercial Building space. 

“We are always looking for good people with talent and Dylan fits that mold”, added Tyler Bennett the Company’s Founder/CEO. “While we remain committed to our “doing more with less” model of advisors, having someone like Dylan join our team is humbling and we are excited about his future with us”

As BR&D continues its boutique model, hiring good people with talent remains its focus for smart growth.  

About Bennett Realty & Development (BRD)
Bennett Realty & Development is a fully-integrated commercial real estate company with offices in New Jersey and North Carolina. With a focus on commercial and multi-family development and third-party services including disposition, investment sales, leasing, and tenant representation, BRD maintains an unrivaled specialized approach to the commercial real estate space. 

For more information, please contact: 

Ray Martinez
Digital Marketing Manager
info@bennettrealtyllc.com 

Feel free to follow our CEO, Tyler Bennett via: 
Linkedin: @tylerbennett
Instagram: @tylerobennett

Feel free to follow our company via: 
Linkedin: @bennett realty & development
Instagram:@bennett_realty_development
Facebook: @Bennett Realty & Development LLC
Twitter: @bennett_realty

Bennett Realty & Development Welcomes Dylan Rotchford to the Team Read More »

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