Marcus & Millichap

Preet Sabharwal

Overview

Preet Sabharwal is a member of Marcus & Millichap’s National Retail Group and Net Leased Properties Group in the Manhattan Office. Preet oversees a group of nine who specialize in the disposition of free standing net leased assets on a national level. In the past twelve months, he has underwritten, listed, and closed over half a billion in retail assets in the country including single tenant net leased assets and credit anchored shopping centers.

 Preet’s client base ranges from publicly traded institutional clients to private merchant developers. He and his group are currently managing over $250 million in 1031 exchange capital and $350 million in exclusively controlled listings. Preet’s extensive background in financial underwriting has been his greatest asset in evaluating company credit and how it relates to pricing in the net lease space.

Mr. Sabharwal graduated with a Bachelor of Science degree in Accounting at Hunter College in New York. He enjoys reading, playing basketball, and golf in his leisure time and currently resides in the Gramercy section of Manhattan.
 

Manhattan
Preet Sabharwal

Preet Sabharwal

Licensed Real Estate Salesperson
Tel: (212) 430-5195
Fax: (646) 558-0300

License:  NY  10401215775

International Council of Shopping Centers
Real Estate Board of New York
RealShare Net Lease
Interface Net Lease

- National Retail Group
- Net Leased Properties Group


  • Underwritten, listed, and closed over half a billion dollars in retail assets in the past twelve months
  • Among the top listing agents in the Manhattan office
  • National Achievement Award Winner - 2013
  • Sales Recognition Award Winner - 2013,2012

 

Transactions Closed

  • Alpha Natural Resources Headquarters

    Alpha Natural Resources Headquarters

    Single-Tenant Office

    Bristol, VA
    Price: $28,000,000
    Size: 130,000 sqft
    Cap Rate: 8.71%

  • Lowe's

    Lowe's

    Net Leased Department Store

    Shippensburg, PA
    Price: $24,350,000
    Size: 139,535 sqft
    Cap Rate: 6.06%

  • TBC Corporation

    TBC Corporation

    Single-Tenant Office

    Palm Beach Gardens, FL
    Price: $18,000,000
    Size: 44,415 sqft
    Cap Rate: 5.57%

  • 6 Saint Marks Place

    6 Saint Marks Place

    Urban-High Street Retail

    New York, NY
    Price: $13,875,000
    Size: 15,600 sqft
    Cap Rate: 5.36%

  • Johnson City Town Center

    Johnson City Town Center

    Shopping Strip

    Johnson City, NY
    Price: $10,800,000
    Size: 83,866 sqft
    Cap Rate: 9.01%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Wappingers Falls, NY
    Price: $10,127,000
    Size: 12,995 sqft
    Cap Rate: 5.50%

  • Walgreens (Increases in Base Term)

    Walgreens (Increases in Base Term)

    Net Leased Drug Store

    Providence, RI
    Price: $9,203,540
    Size: 14,191 sqft
    Cap Rate: 5.65%

  • Bank of America

    Bank of America

    Net Leased Bank

    Philadelphia, PA
    Price: $7,570,000
    Size: 4,387 sqft
    Cap Rate: 5.18%

  • Walgreens | Brooklyn NY | 1,000,000+ Population

    Walgreens | Brooklyn NY | 1,000,000+ Population

    Net Leased Drug Store

    Brooklyn, NY
    Price: $7,550,000
    Size: 9,532 sqft
    Cap Rate: 6.09%

  • CVS

    CVS

    Net Leased Drug Store

    Traverse City, MI
    Price: $7,519,000
    Size: 13,225 sqft
    Cap Rate: 5.23%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Mooresville, NC
    Price: $6,950,000
    Size: 14,820 sqft
    Cap Rate: 5.63%

  • Silver Diner

    Silver Diner

    Net Leased Restaurant

    Reston, VA
    Price: $6,700,000
    Size: 5,850 sqft
    Cap Rate: 6.27%

  • Walgreens (Chicago MSA)

    Walgreens (Chicago MSA)

    Net Leased Drug Store

    Bensenville, IL
    Price: $6,500,000
    Size: 14,820 sqft
    Cap Rate: 5.92%

  • Walgreens Pharmacy

    Walgreens Pharmacy

    Net Leased Drug Store

    Huntington Station, NY
    Price: $6,350,000
    Size: 14,550 sqft
    Cap Rate: 6.30%

  • Rite Aid (Troy, NY)

    Rite Aid (Troy, NY)

    Net Leased Drug Store

    Lansingburgh, NY
    Price: $6,175,000
    Size: 14,673 sqft
    Cap Rate: 8.86%

  • New 15-Year Absolute Net Manhattan AltSchool

    New 15-Year Absolute Net Manhattan AltSchool

    Net Leased Miscellaneous

    New York, NY
    Price: $6,005,000
    Size: 4,753 sqft
    Cap Rate: 5.50%

  • Silver Diner

    Silver Diner

    Net Leased Restaurant

    Reston, VA
    Price: $6,000,000
    Size: 5,850 sqft
    Cap Rate: 7.12%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Ypsilanti, MI
    Price: $6,000,000
    Size: 13,650 sqft
    Cap Rate: 5.77%

  • CVS Pharmacy

    CVS Pharmacy

    Net Leased Drug Store

    Louisville, KY
    Price: $5,925,903
    Size: 13,225 sqft
    Cap Rate: 5.70%

  • Walgreens Melbourne

    Walgreens Melbourne

    Net Leased Drug Store

    Melbourne, FL
    Price: $5,865,000
    Size: 14,560 sqft
    Cap Rate: 5.50%

  • NY State Department of Transportation

    NY State Department of Transportation

    Single-Tenant Office

    Henrietta, NY
    Price: $5,800,000
    Size: 71,866 sqft
    Cap Rate: 13.64%

  • Qdoba Anchored Retail Property - New Construction

    Qdoba Anchored Retail Property - New Construction

    Shopping Strip

    Troy, MI
    Price: $5,542,100
    Size: 11,476 sqft
    Cap Rate: 7.38%

  • Carlstadt Gardens

    Carlstadt Gardens

    Shopping Strip

    Carlstadt, NJ
    Price: $5,400,000
    Size: 16,844 sqft
    Cap Rate: 7.14%

  • Walgreens Drive-Thru Pharmacy

    Walgreens Drive-Thru Pharmacy

    Net Leased Drug Store

    Cocoa, FL
    Price: $5,358,000
    Size: 15,120 sqft
    Cap Rate: 5.85%

  • Pepsi Distribution Center

    Pepsi Distribution Center

    Single-Tenant Industrial

    Allentown, PA
    Price: $5,300,000
    Size: 71,500 sqft
    Cap Rate: 7.83%

  • Wellmont Health System

    Wellmont Health System

    Single-Tenant Office

    Bristol, VA
    Price: $5,230,000
    Size: 13,828 sqft
    Cap Rate: 7.30%

  • Red Lobster

    Red Lobster

    Net Leased Restaurant

    Reno, NV
    Price: $5,218,000
    Size: 7,185 sqft
    Cap Rate: 6.00%

  • CVS-High Store Sales

    CVS-High Store Sales

    Net Leased Drug Store

    Indialantic, FL
    Price: $5,075,000
    Size: 15,525 sqft
    Cap Rate: 6.58%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Findlay, OH
    Price: $4,976,500
    Size: 14,564 sqft
    Cap Rate: 7.78%

  • CVS Pharmacy

    CVS Pharmacy

    Net Leased Drug Store

    Hull, GA
    Price: $4,958,000
    Size: 13,485 sqft
    Cap Rate: 6.75%

  • Goodwill

    Goodwill

    Net Leased Miscellaneous

    Delray Beach, FL
    Price: $4,950,000
    Size: 16,043 sqft
    Cap Rate: 6.48%

  • Capital One Bank & Liberty Travel (Portfolio of 2)

    Capital One Bank & Liberty Travel (Portfolio of 2)

    Shopping Strip

    Nanuet, NY
    Price: $4,925,000
    Size: 5,964 sqft
    Cap Rate: 4.73%

  • CVS/Pharmacy - Boynton Beach, FL

    CVS/Pharmacy - Boynton Beach, FL

    Net Leased Drug Store

    Boynton Beach, FL
    Price: $4,920,000
    Size: 10,908 sqft
    Cap Rate: 5.69%

  • Red Lobster

    Red Lobster

    Net Leased Restaurant

    Ann Arbor, MI
    Price: $4,736,311
    Size: 7,002 sqft
    Cap Rate: 6.10%

  • Wells Fargo Bank Ground Lease

    Wells Fargo Bank Ground Lease

    Net Leased Bank

    Bayville, NJ
    Price: $4,680,000
    Size: 5,400 sqft
    Cap Rate: 5.29%

  • Pep Boys

    Pep Boys

    Net Leased Auto Service - Gas/Conv.

    Kissimmee, FL
    Price: $4,500,000
    Size: 22,512 sqft
    Cap Rate: 6.44%

  • Athletico Physical Therapy

    Athletico Physical Therapy

    Single Tenant Office Medical

    Oak Park, IL
    Price: $4,490,000
    Size: 19,200 sqft
    Cap Rate: 7.80%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Tucson, AZ
    Price: $4,475,000
    Size: 13,905 sqft
    Cap Rate: 7.26%

  • Buffalo Wild Wings

    Buffalo Wild Wings

    Net Leased Restaurant

    Manchester
    Price: $4,216,000
    Size: 6,000 sqft
    Cap Rate: 7.50%

  • CVS

    CVS

    Net Leased Drug Store

    Denham Springs, LA
    Price: $4,162,288
    Size: 13,225 sqft
    Cap Rate: 6.29%

  • CVS (Leasehold) Zero Cash Flow

    CVS (Leasehold) Zero Cash Flow

    Net Leased Drug Store

    Lakewood, NJ
    Price: $4,156,729
    Size: 14,838 sqft
    Cap Rate: 6.80%

  • Verizon Wireless & FedEx Office

    Verizon Wireless & FedEx Office

    Shopping Strip

    Merritt Island, FL
    Price: $4,100,000
    Size: 6,500 sqft
    Cap Rate: 7.70%

  • CVS Pharmacy

    CVS Pharmacy

    Net Leased Drug Store

    Mesquite, TX
    Size: 10,908 sqft
    Cap Rate: 5.25%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Portage, IN
    Price: $3,993,000
    Size: 13,838 sqft
    Cap Rate: 6.20%

  • CVS Pharmacy (Rent Holiday)

    CVS Pharmacy (Rent Holiday)

    Net Leased Drug Store

    Pasadena, TX
    Size: 12,036 sqft
    Cap Rate: 8.22%

  • Walmart Neighborhood Market

    Walmart Neighborhood Market

    Net Leased Grocery Store

    Albuquerque, NM
    Price: $3,855,000
    Size: 40,000 sqft
    Cap Rate: 4.80%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Monroe, NC
    Price: $3,800,000
    Size: 13,813 sqft
    Cap Rate: 7.77%

  • Greater Binghamton Health Center Community Treatme

    Greater Binghamton Health Center Community Treatme

    Single Tenant Office Medical

    Binghamton, NY
    Price: $3,700,000
    Size: 22,985 sqft
    Cap Rate: 9.34%

  • Wine & Spirits Superstore

    Wine & Spirits Superstore

    Net Leased Miscellaneous

    Bala Cynwyd, PA
    Price: $3,669,000
    Size: 11,647 sqft
    Cap Rate: 7.27%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Portage (Chicago MSA), IN
    Price: $3,635,000
    Size: 13,905 sqft
    Cap Rate: 7.79%

  • Chase Bank | European Wax | Wrigleyville

    Chase Bank | European Wax | Wrigleyville

    Shopping Strip

    Chicago, IL
    Price: $3,625,000
    Size: 5,893 sqft
    Cap Rate: 5.50%

  • New 15-Yr. NNN Panera Bread

    New 15-Yr. NNN Panera Bread

    Net Leased Restaurant

    Jamestown (Lakewood), NY
    Price: $3,611,000
    Size: 4,305 sqft
    Cap Rate: 5.00%

  • CVS Zero Cash Flow

    CVS Zero Cash Flow

    Net Leased Drug Store

    Indianapolis, IN
    Price: $3,577,668
    Size: 10,000 sqft
    Cap Rate: 8.46%

  • CVS

    CVS

    Net Leased Drug Store

    Lakesite, TN
    Price: $3,549,827
    Size: 11,945 sqft
    Cap Rate: 6.29%

  • CVS Pharmacy

    CVS Pharmacy

    Net Leased Drug Store

    Greenwood, MS
    Price: $3,500,000
    Size: 11,970 sqft
    Cap Rate: 6.68%

  • Panera Bread and Mattress Firm

    Panera Bread and Mattress Firm

    Shopping Strip

    Minot, ND
    Price: $3,370,000
    Size: 8,114 sqft
    Cap Rate: 7.07%

  • Walmart Neighborhood Market Ground Lease

    Walmart Neighborhood Market Ground Lease

    Net Leased Grocery Store

    Albuquerque, NM
    Price: $3,363,600
    Size: 40,000 sqft
    Cap Rate: 5.50%

  • Starbucks & Avenue Retail Property

    Starbucks & Avenue Retail Property

    Shopping Strip

    Woodbridge, NJ
    Price: $3,350,000
    Size: 7,875 sqft
    Cap Rate: 7.70%

  • CVS

    CVS

    Net Leased Drug Store

    Brazil, IN
    Price: $3,300,000
    Size: 10,722 sqft
    Cap Rate: 6.82%

  • Kinney Drugs

    Kinney Drugs

    Net Leased Drug Store

    Watertown, NY
    Price: $3,289,375
    Size: 11,236 sqft
    Cap Rate: 8.61%

  • Rite Aid

    Rite Aid

    Retail Vacant/User

    Louisville, KY
    Price: $3,236,000
    Size: 11,480 sqft

  • Verizon Wireless

    Verizon Wireless

    Net Leased Electronics

    Bluffton, SC
    Price: $3,100,000
    Size: 4,500 sqft
    Cap Rate: 7.26%

  • Panera Bread

    Panera Bread

    Net Leased Restaurant

    Midland, MI
    Price: $3,100,000
    Size: 3,538 sqft
    Cap Rate: 5.32%

  • CVS Pharmacy

    CVS Pharmacy

    Net Leased Drug Store

    Meadows Place, TX
    Size: 14,500 sqft

  • 7-Eleven (New York Metro)

    7-Eleven (New York Metro)

    Net Leased Auto Service - Gas/Conv.

    Lindenhurst, NY
    Price: $3,000,000
    Size: 2,964 sqft
    Cap Rate: 5.58%

  • CVS Pharmacy

    CVS Pharmacy

    Net Leased Drug Store

    Chattanooga, TN
    Price: $3,000,000
    Size: 10,055 sqft
    Cap Rate: 7.26%

  • Anchor Bank

    Anchor Bank

    Net Leased Bank

    Madison, WI
    Price: $2,995,000
    Size: 8,177 sqft
    Cap Rate: 7.41%

  • Goodyear Tire and Service Center

    Goodyear Tire and Service Center

    Net Leased Auto Parts

    Riverview, FL
    Price: $2,885,000
    Size: 6,600 sqft
    Cap Rate: 7.00%

  • Wendy's (20-Year NNN) Sands Drive - Greensboro

    Wendy's (20-Year NNN) Sands Drive - Greensboro

    Net Leased Restaurant

    Greensboro, NC
    Price: $2,876,190
    Size: 3,572 sqft
    Cap Rate: 5.25%

  • Jared Galleria of Jewelry Ground Lease

    Jared Galleria of Jewelry Ground Lease

    Net Leased Miscellaneous

    Watchung, NJ
    Price: $2,872,413
    Size: 6,000 sqft
    Cap Rate: 5.74%

  • Palm Plaza at Cypress Creek

    Palm Plaza at Cypress Creek

    Shopping Strip

    Pompano Beach, FL
    Price: $2,850,000
    Size: 44,132 sqft
    Cap Rate: 2.94%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    New London, CT
    Price: $2,840,000
    Size: 13,205 sqft
    Cap Rate: 7.00%

  • McDonald's Ground Lease

    McDonald's Ground Lease

    Net Leased Restaurant

    West Palm Beach, FL
    Price: $2,725,000
    Size: 3,559 sqft
    Cap Rate: 4.95%

  • Kinney Drugstore

    Kinney Drugstore

    Net Leased Drug Store

    Elizabethtown, NY
    Price: $2,672,243
    Size: 11,598 sqft
    Cap Rate: 7.40%

  • Sweet Tomatoes

    Sweet Tomatoes

    Net Leased Restaurant

    Albuquerque, NM
    Price: $2,645,000
    Size: 7,512 sqft
    Cap Rate: 6.52%

  • CVS Zero Cash Flow

    CVS Zero Cash Flow

    Net Leased Drug Store

    Houston, TX
    Size: 15,000 sqft
    Cap Rate: 8.64%

  • M&T BANK  [Ground Lease]

    M&T BANK [Ground Lease]

    Net Leased Bank

    Chambersburg, PA
    Price: $2,525,000
    Size: 4,600 sqft
    Cap Rate: 5.15%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Mooresville, NC
    Price: $2,525,000
    Size: 10,908 sqft
    Cap Rate: 10.01%

  • McDonald's NNN Ground Lease

    McDonald's NNN Ground Lease

    Net Leased Restaurant

    Bonita Springs, FL
    Price: $2,450,000
    Size: 3,830 sqft
    Cap Rate: 4.08%

  • PNC Bank

    PNC Bank

    Net Leased Bank

    Bethel Park, PA
    Price: $2,435,000
    Size: 37,897 sqft
    Cap Rate: 4.93%

  • Verizon Wireless (Bonita Springs, FL)

    Verizon Wireless (Bonita Springs, FL)

    Net Leased Electronics

    Estero, FL
    Price: $2,400,444
    Size: 4,500 sqft
    Cap Rate: 9.37%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Waverly, OH
    Price: $2,395,000
    Size: 10,752 sqft
    Cap Rate: 9.00%

  • CVS Zero Cash Flow

    CVS Zero Cash Flow

    Net Leased Drug Store

    Litchfield Park, AZ
    Price: $2,394,999
    Size: 12,500 sqft
    Cap Rate: 8.86%

  • Burger King - Portfolio of 2 in Minnesota

    Burger King - Portfolio of 2 in Minnesota

    Net Leased Restaurant

    Redwood Falls, MN
    Price: $2,368,083
    Size: 6,800 sqft
    Cap Rate: 5.90%

  • Noisy Oyster

    Noisy Oyster

    Net Leased Restaurant

    North Charleston, SC
    Price: $2,341,375
    Size: 5,870 sqft
    Cap Rate: 8.48%

  • Dollar General

    Dollar General

    Net Leased Discount

    Lehigh Acres (Ft. Myers MSA), FL
    Price: $2,336,461
    Size: 10,640 sqft
    Cap Rate: 6.87%

  • Famous Dave's - Sale-Leaseback

    Famous Dave's - Sale-Leaseback

    Net Leased Restaurant

    Addison, IL
    Price: $2,247,220
    Size: 5,000 sqft
    Cap Rate: 6.67%

  • Wells Fargo (SMU Campus)

    Wells Fargo (SMU Campus)

    Net Leased Bank

    Dallas, TX
    Size: 1,643 sqft
    Cap Rate: 5.00%

  • Starbucks | Old National Bank

    Starbucks | Old National Bank

    Shopping Strip

    Indianapolis, IN
    Price: $2,208,000
    Size: 4,950 sqft
    Cap Rate: 7.35%

  • Kinney Drug Store

    Kinney Drug Store

    Net Leased Drug Store

    North Syracuse, NY
    Price: $2,206,689
    Size: 13,000 sqft
    Cap Rate: 7.40%

  • Red Lobster

    Red Lobster

    Net Leased Restaurant

    Tuscaloosa, AL
    Price: $2,167,953
    Size: 7,508 sqft
    Cap Rate: 5.90%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Massena, NY
    Price: $2,165,000
    Size: 11,152 sqft
    Cap Rate: 9.14%

  • Burger King - 20-Year NNN Lease

    Burger King - 20-Year NNN Lease

    Net Leased Restaurant

    Willmar, MN
    Price: $2,135,000
    Size: 3,100 sqft
    Cap Rate: 5.68%

  • Village Inn

    Village Inn

    Net Leased Restaurant

    Albuquerque, NM
    Price: $2,100,000
    Size: 5,094 sqft
    Cap Rate: 7.00%

  • Burger King - 20-Year NNN Lease

    Burger King - 20-Year NNN Lease

    Net Leased Restaurant

    Hutchinson, MN
    Price: $2,100,000
    Size: 3,000 sqft
    Cap Rate: 5.74%

  • RITE AID PHARMACY

    RITE AID PHARMACY

    Net Leased Drug Store

    Camden, SC
    Price: $2,097,000
    Size: 10,908 sqft
    Cap Rate: 8.18%

  • Kingsville Plaza

    Kingsville Plaza

    Shopping Strip

    Kingsville, TX
    Size: 21,250 sqft
    Cap Rate: 9.12%

  • Family Dollar | 15 Year NNN

    Family Dollar | 15 Year NNN

    Net Leased Discount

    Chalmette (New Orleans MSA), LA
    Price: $2,057,984
    Size: 8,320 sqft
    Cap Rate: 6.35%

  • Dollar General (15-Year NNN)

    Dollar General (15-Year NNN)

    Net Leased Discount

    Millville, NJ
    Price: $2,046,692
    Size: 9,100 sqft
    Cap Rate: 6.50%

  • Max & Erma's

    Max & Erma's

    Net Leased Restaurant

    Edinburgh, IN
    Price: $1,875,000
    Size: 5,867 sqft
    Cap Rate: 7.27%

There are additional transactions closed, contact us for more.