Rowe’s IGA Supermarkets founder Rob Rowe sold two store buildings Jan. 8 to a Dallas-based retail investor for a combined $17 million.
Netstreit Corp. bought the properties through NS Retail Holdings LLC. The real estate investment trust specializes in buying single-tenant net lease retail properties nationwide.
That indicates Rowe’s IGA Supermarkets, a company Rowe founded in 2005 and sold in 2022, will continue to lease the properties.
• Through Rarre III, Rowe sold the store at 9866 Baymeadows Road for $7.3 million. The 57,430-square-foot store on almost 5.73 acres was built in 1986. Rarre III paid $3.7 million for the property, a former Winn-Dixie, in February 2019. Winn-Dixie closed the store in 2018 as part of the Southeastern Grocers Inc. bankruptcy restructuring.
• Through Rarre IV, Rowe sold the store at 5435 Blanding Blvd. for $9.7 million. The 63,950-square-foot store on 3.39 acres was built in 1978. Rowes IGA LLC bought the former Albertsons in February 2023 for $2.6 million and conveyed it to Rarre IV. Albertsons Inc. had assigned its lease agreement to Rowe and Rowe’s Enterprises LLC in August 2005…