Press Release

SJC Completes Sale of Cheddar's Ground Lease in Sugarland, Texas for $1.82 Million

Jim Gibson, Director in the Houston office at Stan Johnson Company represented the buyer, an individual investor from Beaumont, Texas. The property featured a new, long-term lease with attractive option periods and rental increases.

The Cheddar's property is located just off of the heavily- trafficked State Highway 6 in a strong retail corridor and rapidly developing area. The property is located in a high growth area 30 miles south of downtown Houston. Nearby retailers include Walmart, HEB, Sam's Club, Hilton Garden Inn, Compass Bank, Lifetime Fitness, Bank of America, CVS Pharmacy, Denny's, Payless, Panera Bread, McDonalds, and Buffalo Wild Wings.

About Stan Johnson Company:
Stan Johnson Company, The Net Lease Authority®, is one of the nation's leading commercial real estate brokerage and advisory firms that focuses on net-lease transactions. Our net-lease group is the largest team of professionals focused exclusively on the acquisition, disposition and financing of net-leased real estate in the retail, office, industrial and medical product types. Building on a 25-year foundation in the net-lease industry and completing more than $10 billion in transactions nationwide, Stan Johnson Company is positioned as an authority in the industry. A dynamic team approach, refined marketing processes and a foundation built on integrity, professionalism and relationships create a winning combination that enable the firm to consistently deliver quality service and superior results to each unique client.