SOLD! NNN Single Tenant Net Leased CVS Pharmacy in Long Beach

KZ Companies’ team is pleased to announce its construction completion and sale of a single-tenant, net leased (STNL) CVS Pharmacy in Long Beach, California.

The project is the result of a long effort in redeveloping the notorious Long Beach Traffic Circle property after acquiring it from the Bixby Land Company which had not traded ownership in the previous 115 years. There was an exceptional amount of interest in the property and close of escrow was less than 45 days. The buyer was a tax-deferred exchange and acquired the property all-cash.

 

SF: 14,576

Cap Rate: 4.75%

KZ Companies, LLC Completes the Goldman Sachs 10,000 Small Businesses Program

Mark Zimmerman, Managing Partner at KZ Companies – a leading real estate development and investment company based out of Irvine, CA, has completed the Goldman Sachs 10,000 Small Businesses Program at Long Beach City College – a $500 million commitment by Goldman Sachs and the Goldman Sachs Foundation to support small business growth and job creation across the United States.

 

KZ Companies (“KZ”) is one of the most recent recipients of the graduation certification from the 10,000 Small Businesses business and management education program. Mr. Zimmerman completed a four month, 120 hour curriculum as part of his commitment to grow KZ’s business. Mark stated he would recommend it to all interested small business owners because “the program allowed me to work on my business and removed me from the day to day operations of working in my business”.

 

Over the past 4 months, the business owners studied developing growth opportunities through understanding integral aspects of their businesses. The program also included extensive peer networking avenues, one-on-one business advisor opportunities and specialized workshops. The program’s alumni come back to report they are growing their businesses substantially and hiring more employees. A recent report by Babson College reported that 45% of participants created new jobs within six months of graduating, 64% reported an increase in revenue within the same period of time, and 80% of participants reported doing business with or providing referrals to each other.

 

The completion of the 10,000 Small Businesses program follows shortly after a significant milestone for KZ Companies – the launch of a specialized and scalable business segment focused on developing new stores for franchise business operators of Quick-Service Restaurants “QSRs”. KZ is offering a turnkey market strategy and development program to qualified franchisees throughout the US. “Our goal is to substantiate the 10,000 Small Businesses program by using our business services and capital to create at least 1,000 new jobs within the quick-service restaurant sector” said Mr. Zimmerman.

 

Interested individuals can learn more about KZ Companies by contacting a member of their staff at info@kzcompanies.com or by calling 800.476.0015.

 

About KZ Companies-

 

KZ Companies is a full service commercial real estate development firm, specializing in shopping center development, single tenant representation, property management, and construction management. After 20 years in business, it has been successful in the acquisition, development, and construction of real estate projects across the country for numerous national and regional tenants.