Simultaneous 1031 Exchange Transactions - Texas to Oklahoma


An owner of a single-tenant NNN investment property, McAllister’s Deli, located in College Station, TX, was interested in selling his property due to the short lease-term left.

However, the sale proceeds calculated to be left over would not meet his required returns on the property and he did not wish to do another 1031 exchange due to the risks of finding a new property.



The owner engaged with Alex Eberhardt to sell the property. Alex first contacted the franchisee/operator of the property as well as other College Station/Bryan, TX retail property owners. The Operator was interested but pricing could not meet the Seller’s expectations.

Alex Eberhardt and the operator discussed the possible idea of the Seller completing a ‘simultaneous 1031 exchange’ from the College Station property into a brand-new McAlister’s Deli in Muskogee, OK owned and built by the same franchisee/operator purchasing College Station’s McAlister Deli.



  • The Seller and operator agreed to terms to sell the College Station, TX McAlister’s Deli and 1031 exchange into a brand-new McAlister’s Deli in Muskogee, OK
  • There were no risk of 1031 time constraints due to the simultaneous feasibility timelines on both properties.
  • A long-term NNN lease was successfully negotiated to insure long-term stability.

“I’ve known Alex Eberhardt for at least 5 years now since he’s first contacted me and he has stayed in close contact with me ever since. He’s provided me information and counsel over the years and has been a very valuable resource in my commercial real estate decisions. I’ve chosen him to market my property and now I’ve found myself in a brand new, long-term asset with rental increases. I’ve thoroughly enjoyed working with him.” ~ KP

Alex Eberhardt

For More Information, contact:

Alex Eberhardt, CCIM
Investment Specialist
(806) 577-3032