Robert Rowe, the founder ot Rowe’s IGA Supermarkets, sold two supermarket-anchored parcels to NETSTREIT, a publicly traded company specializing in single-tenant, net-lease assets for $17 million.
The Jacksonville Business Journal reports the larger of the two transactions involved the 147,232-square-foot retail site at 5435 Blanding Road, which sold for $9.7 million. Rowe acquired the property in 2005 from Albertsons for $1.16 million after the national grocer left the Jacksonville market.
A second store at 9866 Baymeadows Road sold for $7.3 million. Rowe purchased that property in 1986 for $1.35 million…