The Lockehouse Investment Sales Team (LIST) is pleased to announce the sale of the single-tenant Boston’s Pizza Restaurant & Sports Bar in Citrus Heights, California. LIST closed the deal under the challenging shelter in place circumstances at a 5.54% cap rate to a 1031 exchange buyer. The seller was represented by David Kram and Rachel Kram of LIST.

Boston’s Pizza is Canada’s No. 1 casual dining brand with over 400 locations. The tenant signed a new 10-year NNN lease for the recently remodeled 8,570 SF restaurant. The property is located on Sunrise Blvd., a major retail corridor in Citrus Heights in close proximity to Sunrise Mall and the Marketplace At Birdcage.

The Lockehouse Investment Sales Team specializes in the acquisition and disposition of single tenant retail, shopping centers, light industrial, mixed use, office, self-storage, multifamily, and raw land.

Please contact us if you would like an opinion of value on your property, Covid-neutral strategies, market updates, or more information regarding the sale of Boston’s Pizza at [email protected].