Blockchain Registration Transaction Record

SRS Closes $20.75M Target Ground Lease Sale on Long Island

SRS Real Estate Partners closes $20.75M Target ground lease sale in Sayville, NY. Calvin Short brokers rare free-standing Target property transaction with 14-year lease remaining.

This transaction signals continued investor confidence in prime retail real estate despite economic uncertainties, particularly for properties with strong corporate tenants like Target. For commercial real estate professionals and investors, it demonstrates the enduring value of single-tenant net lease properties in strategic locations, especially those with long-term corporate guarantees. The deal's significance extends beyond the immediate parties as it sets benchmark pricing for similar properties and reinforces the attractiveness of retail investments in high-barrier, affluent markets. For the local economy, such transactions ensure stable property ownership and continued retail presence, supporting job retention and community commercial vitality.