Colliers is pleased to announce the sale of the newly constructed Chick-fil-A in Tarrytown, New York. The buyer was represented by Ben Etskovitz and Sam Etskovitz of Colliers Houston.
This is the second Chick-fil-A to be built in Westchester County, NY, and features a dual-lane drive-thru, providing customers with quick and efficient service. The property also includes a corporate guarantee, ensuring the buyer of a stable and reliable income stream. The sale was part of a 1031 exchange, allowing the buyer to reinvest the proceeds from a previous sale into this newly acquired property without incurring capital gains tax. This demonstrates the continued strong demand for high-quality, net-leased assets in desirable locations.
"We are thrilled to have represented the buyer in the acquisition of this excellent property," said Ben Etskovitz of Colliers. "Chick-fil-A is a highly sought-after brand, and this property's prime location and strong lease terms made it a compelling investment opportunity."
The sale of this Chick-fil-A further solidifies Colliers' position as a leading advisor in the sale of net-leased assets. The team's expertise and extensive network of relationships allowed them to identify and execute on this opportunity, delivering exceptional results for their client.
About Colliers International Group Inc.
Colliers is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.1 billion and more than $50 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors, and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
