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Broker

Steve Schrenk

Forged Real Estate
Principal
  • 14Active Listing
  • 0Under Contract
  • 6Sold Transactions

Steve Schrenk is the co-founder and Principal of Forged Real Estate. Steve specializes in the acquisition and disposition investment advisory services of single-tenant and multi-tenant net lease properties, sale-leasebacks, and small shopping centers throughout the country. Since 2018, Steve has been involved in 300+ transactions totaling over $1 billion in total volume. Steve is a knowledgeable real estate professional with years of experience who prides himself on the team’s client centric and value-add approach. Additionally, he takes a comprehensive approach to fully understand each client’s goals and objectives while becoming ingrained within their business to help successfully execute upon their strategy. Prior to co-founding Forged Real Estate, Steve was a member of HFF’s Net Lease Retail team, and later JLL through JLL’s acquisition of HFF in 2019.

D (610) 608-2621
M (610) 608-2621
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[email protected]
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Licensed in: NJ
8 E Germantown Pike, 2nd Floor Plymouth Meeting, PA 19462
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Harbor Freight
205 Balsam Street North Unit A, Cambridge, MN , 55008
  • Size SF14,200
  • Built/Renov2006/2021
  • Price/SF$108
  • Lease Start07-07-2021
  • Rent/SF$7.00
  • Lease Type NN+
  • Lot/AC1.40
  • Pop 5MI15,703
show more

marc mandel

6106082621

steve schrenk

(610) 608-2621

1,529,000

  • Cap Rate 6.50%
  • NOI $99,400
  • R. Term/Yrs 7.2
  • Guarantor Corp Rated
  • # Units 1,500
View CONTACT

  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Freeway close

  • Highway location

  • Affluent suburb location

  • Favorable NN+ lease

  • Corporate Guarantee

  • Credit rated company

    • ...
  • Tenant Harbor Freight Tools
  • Guarantor Corp Rated
  • #Units 1,500
  • Moody's/S&P B1/ BB-
  • Stock Private
Starbucks
785 Kidder Street, Wilkes-Barre, PA , 18702
  • Size SF2,100
  • Built/Renov2024
  • Price/SF$1,350
  • Lease Start07-01-2024
  • Rent/SF$77.62
  • Lease Type Double NN
  • Lot/AC0.89
  • Pop 5MI118,651
show more

marc mandel

6106082621

steve schrenk

(610) 608-2621

2,835,000

  • Cap Rate 5.75%
  • NOI $163,000
  • R. Term/Yrs 10.1
  • Guarantor Corp R + T
  • # Units 38,038
View CONTACT

  • New construction

  • Dense retail corridor

  • Near major nationals

  • Dense 100M+ pop 5 mi

  • Major MSA

  • Brand new lease

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Starbucks
  • Guarantor Corp T and Rated
  • #Units 38,038
  • Moody's/S&P Baa1/ BBB+
  • Stock NASDAQ: SBUX
Tim Hortons
4760 West Henrietta Road, Henrietta, NY , 14467
  • Size SF2,820
  • Built/Renov2002
  • Price/SF$648
  • Lease Start06-01-2019
  • Rent/SF$37.26
  • Lease Type Abs NNN
  • Lot/AC1.19
  • Pop 5MI77,169
show more

marc mandel

6106082621

steve schrenk

(610) 608-2621

1,828,000

  • Cap Rate 5.75%
  • NOI $105,066
  • R. Term/Yrs 15.0
  • Guarantor Corp R + T
  • # Units 5,833
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Affluent suburb location

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

    • ...
  • Tenant Tim Hortons
  • Guarantor Corp T and Rated
  • #Units 5,833
  • Stock NYSE: QSR
Tim Hortons
1525 Lake Avenue, Rochester, NY , 14615
  • Size SF2,673
  • Built/Renov1997
  • Price/SF$651
  • Lease Start06-01-2019
  • Rent/SF$39.07
  • Lease Type Abs NNN
  • Lot/AC0.72
  • Pop 5MI336,660
show more

steve schrenk

6106082621

marc mandel

(610) 608-2621

1,741,000

  • Cap Rate 6.00%
  • NOI $104,436
  • R. Term/Yrs 15.0
  • Guarantor Corp R + T
  • # Units 5,833
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

    • ...
  • Tenant Tim Hortons
  • Guarantor Corp T and Rated
  • #Units 5,833
  • Stock NYSE: QSR
Fulton Bank
101 North Broadway, Pitman, NJ , 08071
  • Size SF2,599
  • Built/Renov1980/2024
  • Price/SF$411
  • Lease Start01-20-2024
  • Rent/SF$24.62
  • Lease Type Abs NNN
  • Lot/AC0.70
  • Pop 5MI110,692
show more

marc mandel

6106082621

steve schrenk

(610) 608-2621

1,067,000

  • Cap Rate 6.00%
  • NOI $64,000
  • R. Term/Yrs 6.8
  • Guarantor Corp R + T
  • # Units 250
View CONTACT

  • New construction

  • Signalized intersection

  • Near major nationals

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Annual rent increases

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant Fulton Bank
  • Guarantor Corp T and Rated
  • #Units 250
  • Stock NASDAQ: FULT
Chipotle Mexican Grill
4194 Jiles Road, Kennesaw, GA , 30144
  • Size SF2,348
  • Built/Renov2024
  • Price/SF$1,569
  • Lease Start07-30-2024
  • Rent/SF$74.53
  • Lease Type Abs NNN
  • Lot/AC1.17
  • Pop 5MI188,868
show more

marc mandel

6106082621

steve schrenk

(610) 608-2621

3,685,000

  • Cap Rate 4.75%
  • NOI $175,003
  • R. Term/Yrs 15.2
  • Guarantor Corp Traded
  • # Units 3,437
View CONTACT

  • New construction

  • Strategically located

  • Freeway close

  • University college close

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Corporate Guarantee

  • Publicly traded company

    • ...
  • Tenant Chipotle Mexican Grill
  • Guarantor Corp Traded
  • #Units 3,437
  • Stock NYSE: CMG
Applebee's (GL)
4601 East Main Street, Farmington, NM , 87402
  • Size SF5,500
  • Built/Renov1998
  • Price/SF$279
  • Lease Start07-23-1997
  • Rent/SF$16.02
  • Lease Type Abs NNN
  • Lot/AC0.96
  • Pop 5MI47,979
show more

marc mandel

6106082621

steve schrenk

(610) 608-2621

1,533,000

  • Cap Rate 5.75%
  • NOI $88,117
  • R. Term/Yrs 3.2
  • Guarantor Franchisee
  • # Units 440
View CONTACT

  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Affluent suburb location

  • Long operation history

  • Absolute NNN

  • Top performing store

  • Publicly traded company

  • Top franchise operator

    • ...
  • Tenant Applebee's
  • Guarantor Franchisee
  • #Units 440
  • Stock NYSE: DIN
Wawa (GL)
690 East Lincoln Highway, Exton, PA , 19341
  • Size SF5,585
  • Built/Renov2023
  • Price/SF$1,164
  • Lease Start12-14-2023
  • Rent/SF$58.19
  • Lease Type Abs NNN
  • Lot/AC1.94
  • Pop 5MI79,709
show more

steve schrenk

6106082621

marc mandel

(610) 608-2621

6,500,000

  • Cap Rate 5.00%
  • NOI $325,000
  • R. Term/Yrs 19.7
  • Guarantor Corporate
  • # Units 1,000
View CONTACT

  • New construction

  • Hard corner intersection

  • Major thoroughfare

  • Near major nationals

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Brand new lease

  • Long 20+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

    • ...
  • Tenant Wawa
  • Guarantor Corporate
  • #Units 1,000
  • Stock Private
Dick's Sporting Goods (Dark) | Sportsman's Warehouse (Sublease)
3500 Capital City Mall Drive, Camp Hill, PA , 17011
  • Size SF50,302
  • Built/Renov2015
  • Price/SF$187
  • Lease Start10-15-2015
  • Rent/SF$14.00
  • Lease Type NN+
  • Lot/AC4.00
  • Pop 5MI176,701
show more

steve schrenk

6106082621

marc mandel

(610) 608-2621

9,400,000

  • Cap Rate 7.49%
  • NOI $704,228
  • R. Term/Yrs 6.8
  • Guarantor Corp R + T
  • # Units 804
View CONTACT

  • Dense retail corridor

  • Shopping Ctr out-parcel

  • Strategically located

  • Freeway visibility

  • Top 100 MSA

  • Strong demographics

  • Favorable NN+ lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Dick's Sporting Goods (Dark)
  • Guarantor Corp T and Rated
  • #Units 804
  • Moody's/S&P Baa3/ BBB
  • Stock NYSE: DKS
PetSmart
1890 Adams Street, Mankato, MN , 56001
  • Size SF18,241
  • Built/Renov2018
  • Price/SF$237
  • Lease Start01-05-2018
  • Rent/SF$15.98
  • Lease Type Double NN
  • Lot/AC1.73
  • Pop 5MI62,650
show more

steve schrenk

6106082621

bryan bender

(248) 419-3810

4,318,000

  • Cap Rate 6.75%
  • NOI $291,491
  • R. Term/Yrs 8.8
  • Guarantor Corp Rated
  • # Units 1,660
View CONTACT

  • High traffic 50M+ VPD

  • Near major nationals

  • Shopping Ctr out-parcel

  • Strategically located

  • Freeway visibility

  • Population increase trend

  • Recently extended lease

  • Corporate Guarantee

  • Over 1000 units backed

  • Credit rated company

    • ...
  • Tenant PetSmart
  • Guarantor Corp Rated
  • #Units 1,660
  • Moody's/S&P B1/ B+
  • Stock Private
Red Lobster
407 West Eisenhower Drive, Hanover, PA , 17331
  • Size SF5,120
  • Built/Renov1997/2012
  • Price/SF$780
  • Lease Start08-01-2018
  • Rent/SF$54.61
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI65,958
show more

steve schrenk

6106082621

marc mandel

(610) 608-2621

3,994,000

  • Cap Rate 7.00%
  • NOI $279,587
  • R. Term/Yrs 20.2
  • Guarantor Corporate
  • # Units 700
View CONTACT

  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Strategically located

  • Affluent suburb location

  • Long 20+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

    • ...
  • Tenant Red Lobster
  • Guarantor Corporate
  • #Units 700
  • Stock Private
Firestone Complete Auto Care
600 Chapel Hill Mall Mall, Akron, OH , 44310
  • Size SF10,678
  • Built/Renov1983
  • Price/SF$107
  • Lease Start11-01-1995
  • Rent/SF$7.51
  • Lease Type Double NN
  • Lot/AC1.41
  • Pop 5MI206,614
show more

steve schrenk

6106082621

marc mandel

(610) 608-2621

1,146,000

  • Cap Rate 7.00%
  • NOI $80,200
  • R. Term/Yrs 1.5
  • Guarantor Corp R + T
  • # Units 1,700
View CONTACT

  • Build to suit

  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Highway close

  • Dense 200M+ pop 5 mi

  • Accelerated depreciation

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Firestone Complete Auto Care
  • Guarantor Corp T and Rated
  • #Units 1,700
  • Moody's/S&P A2/ A
  • Stock OTCMKTS: BRDCY
Chase Bank (GL)
90 West Butler Avenue, Ambler, PA , 19002
  • Size SF3,391
  • Built/Renov2021
  • Price/SF$1,306
  • Lease Start11-06-2021
  • Rent/SF$45.71
  • Lease Type Abs NNN
  • Lot/AC0.56
  • Pop 5MI151,577
show more

steve schrenk

6106082621

marc mandel

(610) 608-2621

4,428,571

  • Cap Rate 3.50%
  • NOI $155,000
  • R. Term/Yrs 12.6
  • Guarantor Corp R + T
  • # Units 5,100
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant Chase Bank
  • Guarantor Corp T and Rated
  • #Units 5,100
  • Moody's/S&P A1/ A-
  • Stock NYSE: JPM
Caliber Collision
2306 North Salisbury Boulevard, Salisbury, MD , 21801
  • Size SF16,700
  • Built/Renov1990/2023
  • Price/SF$212
  • Lease Start08-24-2023
  • Rent/SF$13.77
  • Lease Type NN+
  • Lot/AC2.20
  • Pop 5MI68,845
show more

steve schrenk

6106082621

marc mandel

(610) 608-2621

3,538,000

  • Cap Rate 6.50%
  • NOI $230,000
  • R. Term/Yrs 14.3
  • Guarantor Corporate
  • # Units 1,605
View CONTACT

  • Recent renovation

  • New roof

  • Roof guarantee

  • Near major nationals

  • Shopping Ctr out-parcel

  • Major MSA

  • Brand new lease

  • Long 10+ yr lease

  • Favorable NN+ lease

  • Corporate Guarantee

    • ...
  • Tenant Caliber Collision
  • Guarantor Corporate
  • #Units 1,605
  • Stock Private

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