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Net Lease-Investment Sale-Hiawassee, GA

Bennett Realty & Development announces the sale of a Dollar General located in Hiawassee, GA.

Proud to be America’s neighborhood general store, DG strives to make shopping hassle-free and affordable. With more than 17,000 convenient, easy-to-shop stores in 46 states, DG delivers everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products, and much more.

Bennett Realty & Development chose Pegasus Capital Markets to originate the financing. Bill Howard (BRD) represented the buyer. Tax benefits include depreciation amortization, in this case, cost segregation. The US treasury is 1.43%.

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

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Tommy’s Tavern + Tap – Edison, NJ: CONSTRUCTION UPDATE!

Bennett Realty & Development (BRD) is proud to announce the topping off of the Tommy’s Tavern +Tap at Edison Towne Square in Edison, New Jersey. Once completed, this Tommy’s will neighbor its sister brand, Tio Taco + Tequila Bar.

This 10,000 SF restaurant will include a rooftop bar and will be the first ground-up prototype for this exciting brand. We are currently on a path to continue our client’s goal of expanding the brand’s presence throughout the region and are SEEKING SITES.

For more information, please contact: Tyler Bennett, CEO 732.837.4153 tyler@bennettrealtyllc.com

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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

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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.

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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

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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

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