IREA

IREA is pleased to congratulate Senior Partner Chris Thompson on closing a new construction Whataburger drive-thru in Spartanburg, SC. Thompson represented the buyer.

-- New Construction 15-Year Corporate Whataburger Drive-Thru
-- Absolute NNN Ground Lease with Zero Landlord Responsibilities
-- Signalized Hard Corner Location Just Off I-26 (66,000+ VPD)�-- Positioned Within a Dominant Retail Corridor Anchored by Walmart, Costco, Sam’s Club, Home Depot, Lowe’s, and more�-- Located in the Greenville-Spartanburg MSA, one of the nation's fastest-growing markets

Whataburger continues its impressive growth trajectory with more than 1,100 locations nationwide and over $3 billion in annual systemwide sales.

Just Listed | 28 Units | West Los Angeles, CA

Call Clark Everitt at 818-574-5104 for more information.

Congratulations to Partners Jonathan Krikorian, Clark Everitt, and William Everitt on the successful closing of this West LA 7+1 multifamily asset for $2,900,000. An exceptional value-add opportunity in one of the Westside’s most sought-after rental markets.

Property Highlights:
• Not subject to LA City Rent Control (only State AB1482)
• Prime West LA location
• 5 of 8 units delivered vacant
• Immediate value-add opportunity
• Potential to convert rec room into ADU

IREA is pleased to announce the successful closing of a Dark Checkers Hamburgers in Tampa, FL by Senior Partner Chris Thompson, sold with 13 offers.

With double drive-thru capacity, the property is strategically positioned on a high-visibility corner along a major traffic artery across from Super Walmart.

Approximately 44,000+ vehicles per day on Hillsborough and strong surrounding demographics, including a population of 323,000+ within a 5-mile radius and average household incomes exceeding $80,000.

Located near major tech and aerospace employers and directly across from a newly developed Super Walmart center, the asset is well-positioned within one of the fastest-growing markets in the country, with population growth of 1.6% annually.

IREA is pleased to announce the $6,185,000 sale of a trophy Starbucks drive-thru asset in Calabasas, CA, closed by partners Jonathan Krikorian, Clark Everitt, and William Everitt.

This fully renovated (2025) property represents an irreplaceable, generational asset—one of only three drive-thru entitlements in the city—strategically positioned at the high-visibility intersection of the 101 and Malibu Canyon. The asset is secured by a brand new 15-year NNN lease at a 4.85% cap rate, offering long-term stability from an investment-grade tenant. Its location captures affluent commuter traffic between Calabasas and Malibu, including strong daily demand from Pepperdine University, reinforcing its rarity and enduring value.

Just closed by IREA partner David Leibowitz and Senior Partner Chris Thompson—a newly constructed Einstein Bros. Bagels in Oklahoma City operating under an absolute NNN lease with zero landlord responsibilities. The asset features strong visibility on high-traffic N. May Avenue.

Just Listed—14623 Calvert Street, a well-maintained multifamily asset with over 28% rental upside. Recent upgrades include seismic retrofit, new roof, gutters, and electrical panels. Individually metered utilities keep expenses low. Located in a Qualified Opportunity Zone with potential to add up to three ADUs (buyer to verify).

IREA is pleased to announce Senior Partner Chris Thompson has successfully closed the sale of a Wawa in Kissimmee, FL for $5,876,289.

This premier asset features an absolute NNN ground lease with zero landlord responsibilities, backed by a strong corporate guarantee from Wawa. Located in a densely populated, high-growth market, the property sits on a large, efficient parcel at a high-traffic signalized intersection—delivering exceptional visibility and accessibility.

The site also showcases Wawa’s new prototype design, including a mobile fly-thru and drive-thru window, positioning it at the forefront of convenience retail innovation.

Now Available: 1223 N Kenmore Ave — Four Units Built in 2017 | East Hollywood

This newer construction asset features spacious townhome-style units with no neighbors above or below, modern finishes, in-unit laundry, and strong natural light. The 3- and 4-bedroom layouts attract a wide tenant base, supporting consistent demand.

Not subject to local rent control, the property offers valuable operational flexibility and long-term upside. Includes direct-entry garages and easy access to transit, Silver Lake, Echo Park, Koreatown, and Hollywood.

Now Available: 412 Ardmore — Newer-Construction Built in 2019 | 4 Units in Prime Hollywood Rental Pocket

This asset features two standalone duplex structures with spacious 2-, 3-, and 4-bedroom townhome-style units, totaling ~5,320 SF. Built to modern standards, the property offers no rent control, separately metered utilities, and a low-maintenance profile.

Centrally located near Paramount Studios, Larchmont Village, Hancock Park, and Koreatown, the property benefits from strong tenant demand and long-term rental stability in a supply-constrained submarket.