Fountainhead Commercial founder, Lowrey Burnett, CCIM, just represented another 1031 Exchange buyer & successfully closed the transaction.

The client, a California-based family investor, acquired a Single-Tenant-Net-Leased (STNL) retail asset valued at $2.525 million.

Property had a 15-year lease in place with a national-credit QSR retailer.

Client’s goals of (1) deferring 100% of their capital gains tax liability & (2) creating a durable, long-term income stream was achieved with this purchase.