Brock Development has become intrigued by outparcel ground lease opportunities with credit tenants. In 2010 Brock Development entered into an agreement with Preferred Developers, LLC to develop sites for credit tenants (primarily banks) who will enter into ground leases with the Brock/Preferred joint venture.
With our extensive knowledge of bringing land through the development process, and Preferred Developer's relationships with single tenant outparcel users– a perfect, mutually beneficial venture was formed.
The program provides a unique opportunity to achieve double digit returns based upon credit tenants (primarily bank leases), which are highly valued, easily financed or sold assets.
Brock Development and Preferred have created a pipeline of opportunities which the program is positioned to take advantage of. Over the past few months the venture has entered into contracts for the purchase of real estate parcels.
Please check back periodically for an updated list of properties which have been closed, and leased. Some of these opportunities will be refinanced or brought to market for immediate sale.
If interested in finding out more about the opportunities coming to market, please contact us at 561.684.1040.