IRA Capital Acquires Single Tenant Ross Dress for Less in San Jose, CA

IRA Realty Capital, LLC announced today that it has completed the acquisition of a single tenant Ross Dress for Less in San Jose, California.The property is leased on an absolute NNN basis to Ross Stores for an intial term of 20 years. The 27,118 square foot retail property is in a strong San Jose infill location that enjoys tremendous visibility and exposure. The building is located off highway 101 and the East Capital Expressway in the middle of several shopping centers anchored by Target, Safeway, and Walgreens on Aborn Square Road.According to IRA Capital, this location is among Ross’ best performing stores in the country. Ross has occupied the property since 1988. The Ross lease is guaranteed by Ross Stores (Nasdaq: ROST) – which is the nations third largest off-price retailer and maintains an S&P credit rating of BBB+ with a stable outlook.About IRA Realty CapitalIRA Realty Capital is a privately‐held real estate investment and management firm that focuses on maximizing risk‐adjusted returns while protecting and growing investment capital. The principals of IRA Realty Capital have built a strong track record in executing more than $3Billion in transactions across all product types. Additional information can be found at: www.iraCapital.com