**Net-Leased Kroger Property in Laurel, MS Sells for $3.6M to Private Equity Firm**
CrownPoint Partners, a national real estate brokerage and advisory firm specializing in net lease investments and sale-leaseback advisory services, has arranged the $3.6 million sale of a Kroger property in Laurel, Mississippi. The deal involved a net-leased 44,046-square-foot Kroger store located at 2340 Highway 15 North, which includes a Kroger Fuel Center on a 4.2-acre parcel.
The buyer, a subsidiary of private equity firm Essential Growth Properties, was represented by CrownPoint’s managing partners and co-founders Julius Swolsky and Shannon Bona. The seller, Pacific Bay Investments, Inc. of San Francisco, was represented by Marcus & Millichap.
“This transaction illustrates the flight to tenant quality, even in tertiary markets,” said Swolsky. “Kroger is an investment-grade tenant that dominates the grocery sector and ranks among the largest retail companies in the United States.”
Kroger has operated at this location since 1982, serving as an anchor in the local community’s retail landscape. Financing for the acquisition was secured through Trinity Capital Corp, with Niko Buntich facilitating the debt placement.
This deal underscores continued investor demand for assets backed by high-credit tenants, particularly in the net lease market.
