Tower Investments Buys Santa Maria, CA, Red Lobster Ground Lease
August 16, 2024 Tower Investments is pleased to announce the purchase of the 5,000 sq.ft. Red Lobster restaurant building ground lease property totaling 1.4 acres located at 1525 South Bradley Road, Santa Maria, California. Located in the busy retail corridor of South Bradley Road, the property is visible from and has access to US Highway 101. The property is 100% leased to Red Lobster, which has operated at this location since 1993. Please click here for more information about the property. Read More |
Tower Investments sells Lots in the Quartz Mountain Estates Subdivision, Placerville, CA
July 15, 2024 Tower Investments is pleased to announce the sale of single-family residential lots in Phase 1 of the Quartz Mountain subdivision in Placerville, California. The lots were financially underwater, burdened by delinquent special taxes imposed by the Placerville PFA Series 1992A bond district. After working for years with the City of Placerville and consultants, Tower was able to implement a workout strategy to extinguish the delinquent special tax debt thereby making the residential lots viable once again. To date Tower has closed on the sale of Lots 2, 3, 13, 15, 16 and 20. Read More |
Tower Investments Buys 1,533 SF Take 5 Oil Change Bldg in Oklahoma City, OK
June 11, 2024 Tower Investments is pleased to announce the purchase of the 1,533 sq.ft. ground leased Take 5 Oil Change Building located at 4826 S. Sooner Road in Oklahoma City, Oklahoma. The commercial building is located in a strong demographic area and surrounded by national retailers like Walmart Neighborhood Market, Sonic, Lowe’s, Target and many more. Tinker Air Force Base, the largest single employer in the state, is just minutes away and the property is 1.7 miles north of Interstate 240, which intersects with Interstates 35, 40 and 44. The building is currently leased to Take 5 Oil Change, a quick-lube chain with 800 locations in 27 states. Take 5 Oil, a division of Driven Brands (NYSE: DRVN) is the largest automotive services company in North America with 10,000 employees. Driven Brands also owns Express Lube, MSSCO, Meineke Carstar, Econo Lube N’ Tune and 1-800 Radiator & A/C and has mor than 4,400 centers across 15 countries generating $5.6 billion in annual revenue in 2023. Please click here for more information about the property. Read More |
Summer Music Concert Series returns to Nut Tree Plaza
June 6, 2024 Third annual series starts Saturday with nine-piece Spy Band Show and continues to every Saturday to July 13 Famed New Orleans jazz trumpeter Louis Armstrong said there are only two types of music: good and bad. And by all accounts, it is the former that will rule during the Nut Tree Plaza third annual Summer Music Concert Series in Vacaville. During six weekends, beginning Saturday and through July 13, expect to hear jazz, rock ‘n’ roll, Latin jazz, swing, patriotic favorites, blues, and folk music. All the two-hour concerts are free and start at 6 p.m. in the plaza’s breezeway, 1661 East Monte Vista Ave. Nut Tree Plaza will start the grand opening series kickoff day with family-friendly activities beginning at noon Saturday at the Nut Tree amusement park. The fun — for parents, too — includes arts and crafts, a jump house and face painting. Read More |
Tower Investments Buys 16,000 SF Caliber Collision Bldg in Denver, CO
October 12, 2023 Tower Investments is pleased to announce the purchase of the 16,000 sq.ft. Caliber Collision Building located at 7880 Washington Street in Denver, Colorado. The commercial building is located within the retail corridor of Washington Street in the Northeast Denver Submarket. The building is ideally located just minutes from Interstate 25 to the west and 1.5 miles north of the intersection of Interstates 25, 76 and 270. The building is currently 100% leased to Caliber Collision, a leading automotive collision repair company founded in 1997. With over 1,700 locations nationwide, Caliber Collision has announced plans to expand into additional markets. Caliber Collision is a subsidiary of Hellman & Friedman, one of the oldest and most experienced private equity investment firms operating today. Please click here for more information about the property. Read More |
Tower Investments Buys 20,470 SF Big 5 Sporting Goods Bldg in Vancouver, WA
October 11, 2023 Tower Investments is pleased to announce the purchase of the 20,470 sq.ft. Big 5 Sporting Goods Building located at 11505 NE Fourth Plain Blvd., Vancouver, Washington. The commercial building lies within the busy Orchards Market Center along a major retail corridor of NE Fourth Plain Blvd. and within a major trade area. The center has immediate access to State Route 500 with access to Interstate 205 to the east. The building is currently 100% leased to Big 5 Sporting Goods, a leading sporting goods retailer in the western United States. Founded in 1955 and employing 9,500 people, Big 5 operates over 430 locations across 11 states. Big 5’s approximate 2022 revenue was $1.2 Billion. Please click here for more information about the property. Read More |
Tower Investments Buys 2,738 SF Valvoline Instant Oil Change Bldg in Coppell, TX
October 11, 2023 Tower Investments is pleased to announce the purchase of the 2,738 sq.ft. Valvoline Instant Oil Change Building located at 254 South Denton Tap Road in Coppell, Texas. The commercial building is located within a major retail corridor of Denton Tap Road, is 2.75 miles north of Interstate 635 and 10 minutes northeast of the Dallas/Fort Worth International Airport. The building is currently 100% leased to Valvoline Instant Oil Change, the second largest quick-lube chain in the U.S. and the third largest quick-lube chain in Canada with 1,781 locations. Valvoline Instant Oil Change is a division of Valvoline, Inc. (NYSE: VVV) one of the leading worldwide marketers and suppliers of automotive lubricants and supplies. The company’s products are sold in over 140 countries and its motor oil is the third-highest selling car motor oil by volume. Please click here for more information about the property. Read More |
Tower Investments Buys 3,491 SF Valvoline Instant Oil Change Bldg in Flower Mound, TX
October 11, 2023 Tower Investments is pleased to announce the purchase of the 3,491 sq.ft. Valvoline Instant Oil Change Building located at 1801 Justin Road in Flower Mound, Texas. The commercial building is located within a major retail corridor of Justin Road, is 2 miles west of Interstate 35E and 20 minutes north of the Dallas/Fort Worth International Airport. The building is currently 100% leased to Valvoline Instant Oil Change, the second largest quick-lube chain in the U.S. and the third largest quick-lube chain in Canada with 1,781 locations. Valvoline Instant Oil Change is a division of Valvoline, Inc. (NYSE: VVV) one of the leading worldwide marketers and suppliers of automotive lubricants and supplies. The company’s products are sold in over 140 countries and its motor oil is the third-highest selling car motor oil by volume. Please click here for more information about the property. Read More |
Tower Investments Buys 5,000 SF Applebee's Bldg in Indianapolis, IN
October 10, 2023 Tower Investments is pleased to announce the purchase of the 5,000 sq.ft. Applebee’s commercial restaurant building located at 10655 Pendleton Pike in Indianapolis, Indiana. The property lies within the busy Pendleton Pike retail corridor and is just minutes from the areas excellent transportation infrastructure of interstates 65, 74 and 465 and is 20 minutes from downtown Indianapolis. The building is currently 100% leased to Applebee’s, one of the largest casual-dining restaurant chains in the U.S. Please click here for more information about the property. Read More |
Tower Investments Buys 29,648 SF Bel Air Market Bldg in Sacramento
October 10, 2023 Tower Investments is pleased to announce the purchase of the Bel Air Market property located at 6231 & 6291 Fruitridge Road in Sacramento, California. The 1.59-acre, flagship Bel Air Market property includes one 29,648 sq.ft. commercial building 100% leased to Bel Air Market. Founded in 1955, this was the first Bel Air Market to open. Bel Air Market was purchased by Raley’s in 1992. Raley’s operates 126 grocery stores in California and Nevada under the banners of Raley’s, Bel Air Markets, Nob Hill Foods, Food Source and Sak N’ Save. The property is located within the Fruitridge Manor sub-market located just minutes from downtown Sacramento to the north and the Sacramento International Airport to the northwest. Please click here for more information about the property. Read More |
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