SOUTHGATE, Mich. - CrownPoint Partners, a national real estate brokerage and advisory firm dedicated to the sale of net lease investments and sale-leaseback advisory services, announced today the successful completion of the sale of a newly constructed, single-tenant net-leased property occupied by Range USA in Southgate, Michigan, to a publicly traded real estate investment trust. The sale price could not be disclosed.
Julius Swolsky and Shannon Bona, Managing Partners and Co-Founders of CrownPoint Partners, represented the seller, CA Commercial Development, and the buyer, FrontView REIT, in this off-market transaction.
The property, located at 12780 Reeck Road, comprises a newly built 14,933-square-foot building on a 2.2-acre parcel under a long-term absolute net lease. Strategically positioned just off Interstate 75, the site benefits from strong visibility and accessibility, surrounded by national retailers and hospitality brands such as McDonald's, Taco Bell, Wendy's, Comfort Suites, La Quinta, and Hampton Inn.
"This off-market transaction is a testament to our long-term industry relationships and CrownPoint Partners' ability to identify unique opportunities that align with the strategic goals of both buyers and sellers, including institutional investors," noted Swolsky. "The Range USA Southgate property exemplifies the strong demand for well-located, high-quality net lease assets in key markets, especially those with prime interstate access and new long-term leases."
Founded in 2012, Range USA is the nation's largest operator of indoor shooting ranges, committed to providing safe, responsible, and enjoyable place to shop, shoot, and learn about firearms. The Southgate location, which opened in January 2023, features 20 state-of-the-art 25-yard shooting lanes, accommodating both handgun and long gun enthusiasts. Customers can choose from more than 70 firearm rentals or bring their own. Range USA welcomes shooters of all skill levels and backgrounds, providing expert instruction and fostering a welcoming, community-driven atmosphere. In addition to the range experience, Range USA Southgate offers a wide selection of top-selling handguns, rifles, shotguns, ammunition, and accessories.
The seller, CA Commercial Development, based in Cincinnati, Ohio, is a commercial real estate development company that offers a comprehensive range of traditional, turnkey, and build-to-suit services for retail, restaurant, service, and medical projects across the country.
The buyer, Dallas-based FrontView REIT (NYSE: FVR), is an internally-managed net lease REIT that acquires, owns, and manages primarily properties with frontage that are net leased to a diversified group of tenants. FrontView is differentiated by an investment approach focused on properties that are in prominent locations with direct frontage on high-traffic roads that are highly visible to consumers. As of December 31, 2024, FrontView owned a well-diversified portfolio of 307 properties with direct frontage across 35 U.S. states.
"Range USA's rapid expansion to 50 locations across 13 states underscores the growing demand for experience-based retail," said Bona. "The significant investment required for shooting range build-outs highlights the tenant’s commitment to each site, offering investors a unique alternative to traditional net lease offerings."
About CrownPoint Partners
CrownPoint Partners is a national real estate brokerage and advisory firm with offices in West Palm Beach, Florida and Newport Beach, California. The firm is led by principals Julius Swolsky, Shannon Bona, and Don Bingham, recognized experts in net lease and sale-leaseback transactions. Leveraging decades of experience in investment sales, development, and institutional banking, CrownPoint provides services at every stage of the investment journey.
CrownPoint's client base spans REITs and institutions, private equity, developers, business owners, and private investors. CrownPoint’s Net Lease Investments and Sale-Leaseback platforms offer tailored solutions with specializations in investment sales, acquisitions, corporate expansion, value optimization, and unique ways to unlock capital.
Committed to consistency, transparency, and responsible investment practices, CrownPoint builds lasting partnerships and helps clients achieve their long-term financial goals. Visit: www.crownpoint.co.
Media Contact
Company Name: CrownPoint Partners
Contact Person: Shannon Bona, Managing Partner / Co-Founder
Email: Send Email
Phone: (203) 592-4688
Address:700 S. Rosemary Square Suite 204
City: West Palm Beach
State: Florida
Country: United States
Website: https://crownpoint.co/
