Dallas-based Venture Commercial Real Estate announced it has represented DRW Partnership, LLLP in the sale of a 20,015 square foot single tenant retail building occupied by Northern Tool located on 2.26 acres at 301 Electric Road in Salem, Virginia.
Northern Tool + Equipment is the tenant and will continue to operate a store at this location. Financial terms were not disclosed.
Clay Mote with Venture Commercial is master broker for Northern Tool in all U.S. markets and represented the seller in the transaction. The buyer, Realty Income Corporation, was self-represented.
About Venture Commercial
Venture Commercial Real Estate is a leader in retail brokerage services throughout the Southwest and is dedicated to each client’s success. The company’s full-service real estate platform includes landlord and tenant representation, property management, land sales, disposition and investment sales. Venture also provides strategic market planning and site selection for restaurant and entertainment clients through its Venturetainment team. Venture is the D-FW partner of X Team International, a network of retail real estate advisors with expertise across the U.S., Canada and Europe. For more information, visit venturedfw.com.