We acquire retail real estate across the full spectrum — from a single storefront to a multi-tenant shopping center, occupied or completely dark, in any market.
Multi-tenant strip malls and retail plazas of all sizes. Anchored, unanchored, fully leased, or with vacancy. We evaluate based on tenant mix, traffic, lease terms, and market rents.
Single-tenant retail buildings, pad sites, and freestanding commercial properties. Occupied or vacant, owner-occupied or leased. From neighborhood storefronts to highway-visible commercial buildings.
Net-leased retail with investment-grade or non-rated tenants. We buy single-tenant NNN, double-net, and modified gross properties. All lease durations, all credit profiles, all locations.
Former and active restaurant buildings, fast-food pads, drive-through properties, and food service spaces. Second-generation restaurant buildings are notoriously hard to sell — we buy them regularly.
Larger multi-tenant retail centers, neighborhood centers, and community shopping plazas. Anchored by grocery, pharmacy, or big-box tenants, or dealing with anchor departure. We buy performing and distressed.
Empty retail buildings that former tenants have vacated. These "dark" properties sit on the market for months because most buyers want occupied buildings. We evaluate conversion potential and re-tenanting feasibility.
Retail is the most hyperlocal of all commercial asset classes. Our underwriting accounts for every trade-area nuance.
What makes a retail location valuable isn't the state it's in — it's the trade area. Traffic counts, ingress and egress, visibility, co-tenancy, demographics, and competition all matter more than the zip code. That's exactly how we underwrite: property by property, trade area by trade area, regardless of geography.
Transition Properties acquires retail real estate in every state in the country. We've built relationships with retail-specialized brokers, property managers, leasing agents, and contractors in markets across the nation. Whether your strip center is in a Sun Belt growth corridor, a Midwest main street, or a Northeast suburban node, we can evaluate it and move fast.
We're especially active in markets where retail is undergoing transition — anchor departures, e-commerce disruption, or shifting demographics. These are the situations where creative repositioning and re-tenanting create the most value, and where motivated sellers benefit most from working with a decisive cash buyer.
Retail is evolving fast. You need a buyer who understands where the market is heading, not just where it's been.
Sell directly and save 4–6%. We also honor existing listing agreements and cooperate with brokers when you're already represented.
Aged facades, parking lot damage, outdated buildouts, roof issues, ADA non-compliance — we take it all on. No repair contingencies, no re-trades after inspection.
Anchor departures, dark spaces, and multi-year vacancies are opportunities for us. We evaluate re-tenanting potential and conversion feasibility, not just current occupancy.
A failing strip center might be the perfect medical office conversion. A dark big-box might work as flex industrial. We evaluate every retail property for its highest and best use — not just its current tenant roster.
Our contract price is our closing price. We underwrite thoroughly before going under contract so there are no surprises for either side.
All-cash, seller financing, sale-leaseback, master lease, or hybrid. We structure deals to match your priority — speed, price, or tax efficiency.
Fast, trade-area-focused underwriting with the decisiveness of a principal buyer.
Fill out the form or call (239) 766-6978. Share the location, square footage, tenant roster, occupancy, NOI, and condition. We start our evaluation immediately.
We analyze traffic counts, trade-area demographics, tenant credit, lease terms, market rents, and repositioning potential. Within 48 hours you receive a preliminary offer or an information request.
After LOI execution, we conduct physical inspection, lease audit, title search, environmental review, and tenant verification. Typically 14–21 days. No re-trades.
We close at a title company with funds wired on the agreed date. We assume all leases, tenant relationships, and property management from day one. You walk away with your proceeds.
See all of our commercial acquisition services.
The retail landscape is shifting. Here are the situations we work with most often.
Your largest tenant left, and the co-tenancy clauses are triggering rent reductions or termination rights. Rather than navigate the domino effect, sell to a buyer who can re-anchor or reposition the center.
Spaces have been sitting empty for months or years. The retail environment has changed and traditional tenanting isn't working. We evaluate alternative uses — medical, service, self-storage conversion, or mixed-use.
Roofing, parking lot, facades, HVAC, ADA compliance — the capital needs outweigh what you want to invest in a property with uncertain leasing prospects. We buy as-is and handle all improvements.
Long-term leases signed years ago are finally rolling over, but you'd rather exit than navigate the re-leasing risk. We evaluate the mark-to-market opportunity and price the upside into our offer.
After decades of ownership it's time to exit, or you've inherited retail property you don't want to manage. We provide a clean, fast sale so you can move on.
We also buy self-storage, mobile home parks, multifamily, industrial, office, and all types of commercial real estate.
Straightforward answers for retail property owners considering a direct sale.
We value retail properties based on net operating income and cap rate, tenant credit quality, lease terms and rollover schedule, traffic counts, visibility from the road, parking ratio, co-tenancy dynamics, and comparable sales in the trade area. For vacant or distressed retail, we underwrite to repositioned value — factoring in achievable rents for the specific market, realistic lease-up timelines, tenant improvement allowances, and potential conversion to alternative uses like medical office, service retail, or even self-storage. Our goal is to find the highest and best use, which often means we can offer more than buyers who only see it as traditional retail.
Yes. Dark storefronts, vacant strip center spaces, former restaurants, and empty big-box buildings are among the most common retail properties we acquire. Vacant retail sits on the market for months (sometimes years) because most buyers want occupied, income-producing properties. We evaluate each vacant building on its location fundamentals, physical specifications, and potential for re-tenanting or conversion to a different use. You don't need to find a tenant before selling to us.
Yes. We acquire net-leased retail properties across the credit spectrum — single-tenant NNN, double-net, and modified gross structures. We evaluate based on tenant creditworthiness, remaining lease term, rental rate relative to market, escalation structure, renewal options, and the underlying real estate value independent of the lease. We buy NNN deals with both investment-grade national tenants and non-rated local operators.
We typically close on retail acquisitions in 14 to 30 days from executed contract. Single-tenant NNN properties with clean title and simple lease structures can close even faster — sometimes in under two weeks. Multi-tenant strip centers with complex lease structures, co-tenancy clauses, and multiple tenant estoppels may require slightly more time for thorough due diligence. We provide proof of funds upfront and don't re-trade after contract execution.
Yes. We acquire retail properties in all 50 states. Retail is the most hyperlocal of all commercial asset classes — what works in one trade area may not work three miles away. Our underwriting accounts for local traffic patterns, demographics, competition, consumer spending trends, and market-specific retail dynamics. We have relationships with retail-specialized brokers, property managers, leasing agents, and contractors across the country, allowing us to evaluate and close on deals in any market.
Get a confidential, no-obligation evaluation within 48 hours. Any property type, any state. Owners and brokers welcome.
