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National 1031 Exchange

NATIONAL 1031 EXCHANGE PORTFOLIO ACQUISITION

Successfully Deploying More Than $52 Million in Capital Across 22 Single-Tenant Net Lease Investments

Multi-State Portfolio

PROJECT OVERVIEW

CPG Realty was retained as the exclusive acquisition advisor for a private investor completing a large Section 1031 Exchange. The assignment required identifying, negotiating, and closing a diversified portfolio of institutional-quality single-tenant net lease (STNL) properties while satisfying the strict timing requirements imposed by IRS exchange regulations.

Over the course of the assignment, CPG successfully sourced, negotiated, and closed 22 single-tenant net lease properties totaling $52,560,878 in acquisition volume, creating a diversified portfolio of nationally recognized credit tenants.

The Assignment

Represent a private investor in acquiring replacement properties for a major Section 1031 Exchange through the sourcing, underwriting, negotiation, and closing of multiple STNL investments across several markets.

The Challenge

Executing a 1031 Exchange of this scale required sourcing investment opportunities nationwide, evaluating tenant credit, negotiating favorable purchase terms, coordinating multiple transactions simultaneously, and meeting strict IRS exchange deadlines.

CPG’s Strategy

CPG leveraged its national brokerage relationships to source high-quality net lease opportunities across multiple markets. Each acquisition was evaluated based on tenant credit, lease structure, market fundamentals, long-term investment performance, and portfolio diversification. CPG managed underwriting, negotiations, due diligence, and closing coordination through completion of the exchange.

Transaction Highlights

MetricResult
Transaction TypeBuyer Representation
Total Acquisition Volume$52,560,878
Properties Acquired22
National Credit Tenants9
Geographic CoverageMulti-State Portfolio
Exchange Status1031 Successfully Completed

Portfolio Composition

  • Frito-Lay – 7 Properties: $23,000,000
  • Dollar General – 6 Properties: $10,850,386
  • Family Dollar / Dollar Tree – 2 Properties: $3,600,480
  • Fresenius Medical Care – 1 Property: $4,446,178
  • DaVita – 1 Property: $2,615,000
  • Flowers Foods – 1 Property: $2,592,384
  • Advance Auto Parts – 2 Properties: $2,181,450
  • Walgreens – 1 Property: $1,650,000
  • U.S. Department of Veterans Affairs – 1 Property: $1,625,000

CPG’s Role

  • Acquisition Strategy
  • Nationwide Property Sourcing
  • Financial Underwriting
  • Purchase Negotiations
  • Due Diligence Coordination
  • Closing Management
  • 1031 Exchange Execution

The Result

CPG successfully sourced, negotiated, and closed 22 single-tenant net lease properties totaling $52,560,878, completing the client’s 1031 Exchange while delivering a diversified portfolio leased to nationally recognized credit tenants.