New Arrivals List
Triple Net Listings
Note: Properties shown below are all old and sold. For a current list of retail centers for sale search, click on the following...
Other New Arrival Lists
Property #ST1265 
Current list
• Two Fed-Ex Ground Facilities Located in GA and MI
• Two Fed Ex Ground Locations
• Columbus, Georgia And Cadillac Michigan
• Build To Suits In 2007
• 6 Years Remaining On Original Lease With Two Five Year Options
• 9.2% Increase In First Option
• Lease Is NN
• Landlord Has Roof And Structure
• Total Income $538,805.00
• Price $6,675,000.00
Sun, 21 Aug 2011 23:46:41
Property #ST1264 Current list
• Checker Restaurant NNN
• Georgia
• Price:$992,500
• Net Operating Income: $92,600.25
• Building: 780 sf
• Cap Rate: 9.33%
• Land Area: 0.55 acres
• This double drive-thru Checkers is located East of Atlanta, a well established suburb. This is the main retail corridor in the area, and Checkers is located in the middle of multiple retail power centers. With excellent traffic (47,950 cars per day) and demographics, Checkers is amongst a number of other national retailers, but with limited fast food competition. The Checkers franchisee has signed a 15 Year Absolute NNN Ground Lease with 2 x 5 year options, starting August 2011, with 8% increases every 5 years. The tenant also signed a lease to purchase the building for $1,617/month for 15 years, with a lump sum payout at the end. There are personal guarantees on the lease.
• 15 Year Absolute NNN Lease With 2x5 Year Options
• 8% Increases Every 5 Years
• Multi Unit Operator / Personal Guarantees
• 7,950 Cars Pass Per Day - Major Road With National Retailers
• The owner/seller is the original developer and operator of this Checkers location. He recently sold 5 Checkers to the current operator, and prefers not to be a landlord. The tenant is paying $6,000/month for the ground lease, and then $1,617/month for the building and equipment.
• Checkers is the nation' s largest chain of double drive-thru restaurants. With a left side and right side drive-thru lane and a walk-up window at each of the more than 800 locations.
Date: 22 Aug 2011 05:45:13
Property #ST1030 Current list
• Express Car Wash
• Texas
• Price: $3,760,000
• Net Operating Income: $345,920
• Cap Rate:9.20%
• Building: 4,800 sf
• Year Built: 2011
• Land: 38,769 sf
• 25 year absolute NNN lease
• 10% rental escalations every 5 years
• Brand new construction
• Excellent convenient location; pad to a Super Target and across the street from Super Wal-Mart
• Potential for improving after tax cash flow with accelerated depreciation
Date: 22 Aug 2011 14:03:20
Property #ST1262 Current list
• 11.12% Cap Staples
• Oklahoma
• NN Investment
• Price: $2,100,000
• Net Operating Income: $233,334
• Building:24,332 SF
• Cap Rate:11.12%
• Year Built:2001
• Land Area:4.50 acres
• Price Reduced from $3,100,000 for quick a sale.
• 11.1% Cap rate on this NN Leased Staples property.
• FOUR - 5yr Options Remaining
• 4 years remaining on Current Lease
• Lowest Priced NN Leased Staples on Market
• Loacated at a major exchange of a Highway and a Interstate
• Buyer responsible for buy-side commission
Mon, 22 Aug 2011 15:47:55
Property #ST1261 Current list
• Bridgestone / Firestone
• Missouri
• Price: $3,136,000
• CAP: 7.15
• New 15-Year NNN Lease
• 6.5% Increases Every 5 Years
• Outparcel to Lowe's-Anchored Shopping Center
• Visibility and Access from Interstate
• Infill Location
• 2011 Construction
Mon, 22 Aug 2011 14:07:55
Property #ST1260 Current list
• NNN Freestanding Dialysis Center
• DaVita Corporate Guaranty
• Pennsylvania
• Price: $3,625,000
• Cap Rate: 7.5%
• Building Size: $6,370 SF
• Year Built: 2007
• Excellent visibility and ingress/egress and ample parking
• Situated approximately 2 miles from a 250-bed Hospital (serving 2 counties)
• Located in an upscale residential market - average household incomes exceeding $83,000
• 15-year primary term, with two (2) five-year options
• Rent escalations of 2% each year, including option periods, if exercised
• Rent commenced on 9/28/07
• Absolute NNN lease with zero landlord responsibilities
• Payment and performance of lease terms guaranteed by DaVita Inc.
Mon, 22 Aug 2011 12:09:24
Property #ST1162 Current list
• Jack In The Box
Current list
• Texas
• Bldg Area: 4,634 sq. ft.
• Land Area: 1.35 Acre
• Lease Type: NNN
• Price: $2,095,000 $1,945,540
• Yield: 6.50% 7.00% (CAP)
• Lease Exp: 9/27/2024
• 30 miles from Houston, TX with 54,000 vehichles per day on Interstate I-10
• Public company (NASDAQ: JACK)
• 15 years remaining on absolute triple net lease
• 8% escalations every 5 years
• Area retailers include Sonic, Blimpie Subs, and Chevron
• Excellent interstate highway location
Mon, 22 Aug 2011 11:06:45
Property #ST1259 Current list
• BANK OF AMERICA
• Illinois
• EXCELLENT, SIGNALIZED CORNER LOCATION ACROSS FROM CVS AND SUPER TARGET ANCHORED SHOPPING CENTER
• Lease Highlights:
• Absolute NNN Ground Lease
• Rent Commencement July, 2005
• Lease Expiration June, 2025
• 10% rental increases every 5 years during initial term and options
• (4) 5 year renewal options
• Market/Demographic Highlights:
• $100,000+ household incomes within 1 mile
• 17 miles from Chicago's CBD
• Excellent density with over 200,000 population within 5 miles
• Located just minutes from Chicago's O'Hare Airport
• Location Highlights:
• Full access with drive thru
• Signalized hard corner location with excellent visibility
• Over 68,000 vpd travel past this intersection
• Other 3 corners are occupied by a Super Target anchored shopping center, CVS Pharmacy and a Citgo Gas Station
• Other immediate area tenants include: Chase Bank, Pier 1 Imports, Panera Bread, Taco Bell, Arby's, Fifth Third Bank, Steak and Shake, Dunkin Donuts, Jimmy Johns and Chili's to name a few
• Oversized, 65,000sf parcel of land lends to excellent residual value and alternative use!!!
• PRICING: NOI: $220,000
• ASKING PRICE: $3,520,000
• CAP RATE: 6.25%
Mon, 22 Aug 2011 08:24:02
Property #ST1258 Current list
• Two Post Offices For Sale
• Pacific Northwest Region
• Two NN leased post offices that are for sale.
• These properties are available on an individual basis.
• The combined sales price is approximately 3.2 million.
• 1. US Post office
• Washington
• Original 20-Year Lease: From 7/2/99 to 7/1/2019
• Price: $2,125,000
• CAP: 7.12%
• Current Rent: $151,315 through 7/30/2019
• Two 5-Year Options (Rent $161,719 during Options)
• Building: 8,012 sf
• Year Built: 1999
• Lot Size: 59,953 sf
• USPS responsible for all maintenance expenses except for roof and structure estimated at $500 per year.
• $2,000 annual insurance premium
• Brick Exterior building
• 2. US Post office
• Oregon
• Original 20-Year Lease: From 01/15/2000 to 1/14/2020
• Price: $1,090,000
• CAP: 7.25%
• Current Rent: $78,995 through 7/30/2019
• Two 5-Year Options (Rent $81,000 during Options)
• Building: 4,583 sf
• Year Built: 2000
• Lot Size: 52,243 sf
• USPS responsible for all maintenance expenses except for roof and structure estimated at $500 per year.$1,1000 annual insurance premium
• Well located across from city hall, fire department and the police department
Fri, 19 Aug 2011 20:51:28
Property #ST1257 Current list
• THREE NNN DOLLAR GENERALS FOR SALE
• FLORIDA and GEORGIA
FLORIDA
PURCHASE PRICE: $1,349,960 (CAP RATE 8.00%) 
Current list
• Building Size: 9,100 Square Feet
• Land Size: Approx. 1.00 Acre (43,560 Square Feet)
• Area Tenants: Circle K, Dunkin Donuts, Playcare Daycare, US Post Office, Mobile Gas, Neighborhood Center
• Annual Rent: $107,996.76 ($11.87 per building SF)
• Initial Rent Commencement: October 15, 2011 (estimated)
• Initial Lease Expiration: October 31, 2026
• Initial Lease Term: 15-Year Net/Net/Net
• Renewal Options:Four (4) / 5-Year Renewal
• Rent Increases: 3% in Year 11 and 10% in Option Periods
FLORIDA
PURCHASE PRICE: $1,054,465 (CAP RATE 8.00%) Current list
• Building Size: 9,100 Square Feet
• Land Size: Approx. 1.00 Acres
• (43,560 Square Feet)
• Parking: Adequate
• Area Tenants: US Post Office, Subway, Yates Pharmacy, IGA, Jackson Correctional Institute
• Annual Rent: $84,357.24 ($9.27 per building SF)
• Initial Rent Commencement: September 1, 2011 (estimated)
• Initial Lease Expiration: August 31, 2026
• Initial Lease Term: 15-Year Net/Net/Net
• Renewal Options: Four (4) / 5-Year Renewal
• Rent Increases: 10% in Option Periods
GEORGIA
PURCHASE PRICE: $1,146,555 (CAP RATE 8.00%)
• Building Size: 9,100 Square Feet
• Land Size: Approx. 1.00 Acre
• (43,560 Square Feet)
• Parking: Adequate
• Area Tenants: Bank, Library, The Thrift Store, Scoop Ice Cream, Subway
• Annual Rent: $91,724.40 ($10.08 per building SF)
• Initial Rent Commencement: October 15, 2011 (estimated)
• Initial Lease Expiration: October 31, 2026
• Initial Lease Term: 15-Year Net/Net/Net
• Renewal Options: Four (4) / 5-Year Renewal
• Rent Increases: 3% in Year 11 and 10% in Option Periods
Fri, 19 Aug 2011 08:04:09
Property #ST1256 Current list
• NNN Dollar General
• Florida
• This property is currently under construction.
• Price: $1,430,245
• Price Per Square Foot: $158.88
• Capitalization Rate: 7.75%
• Total Rentable Area: 9,002
• Lot Size: 1.17 Acres
• Stabilized Income Per Square Foot
• Scheduled Rent $12.31 $110,844
• Effective Gross Income $12.31 $110,844
• Less: Per Square Foot
• Taxes NNN $0.00
• Insurance NNN $0.00
• Total Operating Expenses $0.00
• Equals: Net Operating Income $110,844
Four (5) Year Options
• Option 1 $121,928
• Option 2 $134,121
• Option 3 $147,533
• Option 4 $162,286
• Company Type: Public - NYSE: DG
• 2011 Sales (mil.) $13,035.0
• Locations: 9,200+
• 2011 Employees: 85,900
• Store Size: 7,100 Square Foot Stores
• S&P Rating: BB+ (Outlook= Stable)
• Fortune 500 Ranking: #188
• Dollar General commands a chain of more than 9,400 discount stores in 35 states, primarily in the southern and eastern US, the Midwest, and the Southwest.
• Offering basic household items, such as cleaning supplies and health and beauty aids, as well as some apparel and food, it targets low-, middle-, and fixed-income shoppers.
• Stores are generally located in small towns off the radar of giant discounters. Its big-city stores (about 30% of its total) are situated in lower-income neighborhoods. Some 25% of its merchandise is priced at $1 or less. Two years after being taken private by affiliates of KKR and Goldman Sachs, the chain went public in 2009.
Fri, 19 Aug 2011 10:03:40
Property #ST1255 Current list
• Family Dollar
• Texas
• Price: $899,394
• Cap Rate: 8.75%
• Total Rentable Area: 8,000 SF
• PPSF $$112.42 SF
• Lot Size: 0.86 Acres
• Year Built: 2011
• Brand new NN 10-year lease: Landlord is responsible for the roof and structure
• New construction - scheduled to open November 1, 2011
• Recession-proof tenant
• Situated in a dense, mature retail and residential market
• Subject property is located on heavily trafficked State Highway which is the main thoroughfare in this town
• The State Highway boasts average daily traffic counts of 27,510
• National retailers nearby include Dollar General, Exxon, Shell, and US Postal Service
Fri, 19 Aug 2011 11:57:44
Property #ST1254 Current list
• Florida CVS Pharmacy For Sale
• LEASEHOLD
• Price: $2,600,000
• Building: 10,908 sf
• Cap Rate: 6.96%
• Year Built: 1999
• Land: 1.61 acres
• This lease commenced September 2, 1999 and terminates September 1, 2019.
• There are eight years remaining on the base term and four five-year renewal option periods with 3% rental increases in each.
• This is a prominently situated free-standing CVS Pharmacy at a major intersection with over 36,400 cars passing daily.
• CVS is located at a signalized intersection - the major east/west and north/south arterial roadways in the submarket.
Date: 19 Aug 2011 08:01:42
Property #ST1253 Current list
• Dollar General
• Colorado
• The price at an 8% cap is $1,309,688.
• The store will be delivered on October 1, 2011.
• NNN lease/15 years (new lease).
Fri, 19 Aug 2011 10:52:01
Property #ST1252 Current list
Corporate Signature State of the art day-care facility
• At crossroads to major traffic arteries and commuter routes with 50,000 to 262,000 ADT
• $126,000 average household income within 15 miles
• Located in a Dallas, TX market with a impressive roster of global corporations, technology companies and manufacturers is an indicator of the quality and diversity of its business parks
• Close proximity to HQ and Campus locations for technology, Banking and international business including: JCPenney,Dr Pepper Snapple Group, Rent-A-Center, Perot Systems, Cinemark Holdings, EDS, an HP Company, Flextronics. Raytheon, Texas Instruments, Lineage Power, U-Tech Dallas, Texatronics, Inc., Alcatel-Lucent, Ericsson, AT&T, XO Communications, Samsung Telecommunications of America, CVE Technologies
• Tax Free Sate
• Asking Price $6,786,029 | CAP Rate 7.00%.
• Net Operating Income (NOI) $475,022
• Rentable Square Feet 20,417 +/- sf
• Land Area 2.946 Acres
• Guarantor Corporate
• Ownership Type Fee Simple
• Lease Type NNN
• Landlord Responsibilities None
• Lease Term 15 Years
• Lease Commencement Date May 2004
• Lease Expiration Date April 2019
• Increases Every 5 years
• Increase % CPI (not to exceed 10%)
• Options Five (5), Five (5) Year
Corporate Signature State of the art day-care facility
• Washington, DC Market
• Across the street from a Super Target and Costco anchored Center.
• Just off a major Route in a affluent section
• The property is about 45 minutes from DC.
• 14,000 ADT and 35,000 ADT.
• Asking Price $7,464,286 | CAP Rate 7.00%
• Net Operating Income (NOI) $522,500
• Rentable Square Feet 22,000 +/- sf
• Land Area 3.8 Acres
• Guarantor Corporate
• Ownership Type Fee Simple
• Lease Type NNN
• Landlord Responsibilities None
• Lease Term 15 Years
• Lease Commencement Date January 2004
• Lease Expiration Date December 2018
• Increases Every 5 years
• Increase % CPI (not to exceed 10%)
• Options Five (5), Five (5) Year
Fri, 19 Aug 2011 09:27:31
Property #ST1251 Current list
• THREE DOLLAR STORES FOR SALE
• Three locations in Michigan
• 10-year, NN leases and some 15 year as well.
• Michigan locations often have higher yields available than elsewhere in the country
• Dollar General
• Price: $895,000
• Net Operating Income: $77,736
• CAP: 8.69%
• Lease Type: NN+
• New building custom built for Dollar General, a Fortune 500 Company. Store just opened in March, 2009, and is reporting excellent sales. Ten year lease runs through March, 2019, and has renewals with bumps. High traffic area surrounded by brand name retail including Advance Auto next door. One of the best DG locations in Michigan.
• Family Dollar
• New 10 Year NN+ Leased Family Dollar
• Price: $622,000
• Net Operating Income: $55,500
• CAP: 8.92%
• Brand new building, custom built for Family Dollar, a Fortune 500 Company (FDO on NYSE). Fresh 10 year lease starting April 2010 with the majority of expenses paid by Tenant. Located on the Main corner of town.
• Family Dollar
• Near 10 Cap!
• NN
• Price: $995,000
• CAP: 9.7%
• Newer custom built building for Family Dollar, a Fortune 500 investment grade company (FDO on NYSE). Most of 10 year lease remaining.
Fri, 19 Aug 2011 08:08:50
Property #ST1250 Current list
• Rite Aid
• Ohio
• Price:$3,985,256
• Net Operating Income: $358,673
• Building :14,564 sf
• Cap Rate: 9.00%
• Land Area:1.92 acres
• 9.00% cap, bumps, ABSOLUTE NET, 16+yrs rem
• Absolute Net Lease- No Landlord Responsibility
• Rite Aid Corporate Guarantee (NYSE: RAD)
• Renewal Options Six (5) Year Options w/ 10% Bumps
• 20 year lease, 16+ years firm term remaining.
• Rent Increases, 10% Every 10 Years in Primary Term and option periods
• Curent Term Annual Rent
• Yrs. 1 10 $358,673
• Yrs. 11 20 $394,540
Three more Ohio 9.00% Cap Rite Aids with identical years remaining are also available (inquire)
Rite Aid: Price: $4,052,533
Rite Aid: Price: $4,302,856
Rite Aid: Price: $4,657,244
Date: 18 Aug 2011 19:06:44
Property #ST1249 Current list
• TRIPLE NET ARBY'S RESTAURANT FOR SALE
• Minnesota
• Purchase Price: $1,500,000
• Cap Rate: 7.00%
• Initial Cash-on-Cash: 9.60%
• INVESTMENT HIGHLIGHTS
• Twenty (20) year lease term with approximately fourteen and a half (14.5) years remaining
• Absolute NNN lease with No Landlord responsibilities whatsoever
• 10% Rental increases every five (5) years and in the option periods
• Located along main thoroughfare in strong retail corridor
• Assumable, Non-Recourse debt currently in place that must be assumed
• Other area national tenants include Walmart Supercenter, Kmart, Target, Cub Foods, Walgreens and The Home Depot
• Asking Price: $1,500,000
• Cap Rate: 7.00%
• Equity Required: $500,000
• Tenant: Franchise Associates, Inc. d/b/a Arby's Restaurant
• Lease Guarantor: Arby's Restaurant Group, Inc.
• Building Size: +/- 3,500 SF
• Land Area: +/- 0.90 Acres
• Rent Commencement: March 1, 2006
• Rent Expiration: February 28, 2026
• Base Lease Term: Twenty (20) years
• Renewal Options: Four (4), Five (5) year options
• Current Annual NOI: $105,345
• Rent Increases: 10% every Five (5) years
• Right of First Refusal: Tenant has the right of first refusal - Twenty (20) days to respond to notice from Landlord
• Lease Type: NNN - No Landlord Responsibilities whatsoever
• RENT SCHEDULE:
• Years ................Rent ...................Rent Per SF
• 1 - 5 ..................$95,768 .............$27.36
• 6 - 10 (Current) ..$105,345 ..........$30.10
• 11 - 15 ...............$115,879 ..........$33.11
• 16 - 20 $127,467 $36.42
• 21 - 25 (Option 1) $140,214 ........$40.06
• 26 - 30 (Option 2) $154,235 ........$44.07
• 31 - 35 (Option 3) $169,659 ........$48.47
• 36 - 40 (Option 4) $186,625 ........$53.32
Thu, 18 Aug 2011 16:55:01
Property #ST1248 Current list
• Dollar General Current list
• Florida
• Location: About 60 miles from Orlando
• Building Size: 9,100 + S.F.
• Land Size: TBD
• Lease Term: 15 Year Primary Term with 4 (5)-year Options.
• Increases: 10% rental increases in the option periods
• Annual Rent:
• $117,891 years 1-10
• $121,428 years 11-15
• Lease Type: Triple net, no landlord responsibilities.
• Price: $1,473,637
• Cap Rate: 8.0%
• Rent Commencement: November 2011
• Demographics: 1 Mile........ 3 Mile .......5 Mile
• Population ........2,179 .......22,083 ......50,656
• Avg HH Income: $46,532 ...$46,273 ...$46,956
Thu, 18 Aug 2011 17:33:23
Property #ST1247 Current list
• BevMo!
• California
• Price: $2,955,000
• CAP: 7.88%
• Long Term Net Lease
• Excellent Trade Area - Across From a Mall
• Scheduled 12% Increases in Every 5 Years
• Recession Proof Concept - Minimal Competition
• Rare Bay Area Opportunity
Thu, 18 Aug 2011 17:18:10
Property #ST1246 Current list
• 7.00% CAP Walgreens
• Kansas
• Price: $4,945,000
• Annual Rent: $346,164
• CAP: 7.00%
• Lease Commencement: August 1, 2002
• Lease Expiration: August 31, 2027
• Sixteen (16) years remaining on Twenty-Five (25) year NNN lease fully leased and guaranteed by Walgreen Co. (S&P: A)
• 7.87% Average Yield
• Ten (10), Five (5) year renewal options
• Located at signalized intersection along the main thoroughfare offering convenient access and excellent visibility
• Situated near major retailers that include Kmart and Hastings, and only 1.8 miles from a Regional Medical Center
• Existing Assumable Financing
• As of November 2010, Walgreen Co. had a net worth in excess of $14.3 billion, and currently holds an S&P credit rating of A, as well as a long term rating of A2 by Moody's
Thu, 18 Aug 2011 13:30:41
Property #ST1175 Current list
• New England Walgreens For Sale
• Same Seller -- Can Be Bought Individually or Together
• Walgreens
• Connecticut
• Price: $6,285,000
• Proven performing Walgreens
• Reported sales are well above average
• Desirable New England location
• 10 years firm term remain on NNN lease
• Rare higher yield opportunity on NNN lease
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody's Aa3)
• Zero management responsibilities
• Tenant has 11 x 5 year options
• Walgreens
• Massachusets
• Price: $6,370,000
• Urban infill with very dense population
• 124,535 people within three miles
• Just 25 miles north of downtown Boston
• Store has a track record of proven sales performance
• 261-bed hospital around the corner
• 10+ years of firm term remain
• Incremental income from Domino's Pizza @ 10% CAP
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody's Aa3)
• Minimal management responsibilities
Thu, 18 Aug 2011 16:28:30
Property #ST1245 Current list
• Ford Motor Company
• Michigan
• Price: $6,000,000
• Building: 57,600 Square Feet
• CAP: 10.15%
•
• Lease Guaranteed by Ford Motor Company
• Absolute NNN Lease
• 100% Office Space
• Sits within Fairlane Master Planned Development
• Ford Features S&P Credit Rating of BB-
• Approximately 5.5 Years Remaining on Primary Term
• Close Proximity to Ford Headquarters & Ford Rouge Plant
• Lease Features Two, Ten Year Options
• Seconds from Interstate which connects Detroit & Chicago
Thu, 18 Aug 2011 08:39:09
Property #ST1244 Current list
• Denny's
• Florida
• Price: $1,327,000
• CAP: 7.5%
• Econo Lube N' Tune
• Arizona
• Price: $1,097,575
• CAP: 8.0%
• KFC
• Illinois
• Price: $1,205,294
• CAP: 8.50%
Wed, 17 Aug 2011 21:33:09
Property #ST1243 Current list
• Captain D's For Sale
• Alabama
• Next to a State University
• Corporate Lease
• Purchase Price: $998,813
• Cap Rate: 9.35%
• Annual Rent: $93,389
• Rental Increases: 7.5% every 3 yrs
• GLA: 2,493 sf
• Lease Commencement: 6/25/2005
• Lease Expiration: 6/1/2019
• Lease Options: 3 -5 yr
Wed, 17 Aug 2011 21:10:25
Property #ST1242 Current list
• Macy's Department Store
• California
• Absolute Triple Net NNN Lease
• The rent increases every 2 years based on a formula using the CPI
• Fantastic fee simple NNN Retail
• Popular National Retailer on a very busy & desirable location
• Free Standing Single Tenant Retail
• Lot Size: 1.175 acres
• Bldg Size:Approx. 38,500 sq.ft.
• Macy's Leased: Since 1986/Renewed 2005-2025
• Bumps on CPI Formula every two years
• NOI: $1,300,000
• Price: $22,000,000
• Cap Rate: 5.91%
• Buyer responsible for a buy-side commission
Wed, 17 Aug 2011 21:16:40
Property #ST1048 Current list
• Kohl's Department Store
• Indiana
• Kohl's Department Store
• Indiana
• Property Type: Single Tenant
• Lease Type: NNN. No Landlord Responsibilities
• List Price: $7,275,000
• Lease Term: 20 Years with 6 - 5 year renewals
• Base Rent: Years 1-20: $436,667
• Years 16-20 $458,500 Option 1 - 5% Increase
• Years 21-25 $481,425 Option 2 - 5% Increase
• Years 26-30 $505,497 Option 3 - 5% Increase
• Years 31-35 $530,772 Option 4 - 5% Increase
• Years 36-40 $557,310 Option 5 - 5% Increase
• Years 41-45 $585,176 Option 6 - 5% Increase
• Cap Rate: 6.0%
• Year Built: 2005
• Construction: Brick
• Rent Commencement: January 1, 2005
• Lease Expiration: January 31, 2026
• Building Sq. Ft.: 68,336
• Price per Sq. Ft.: $106.46 (approximate)
• Land Area: 5.858 acres
• Financing: Property will be delivered free and clear
Walgreens
• Virginia
• NNN
• Price: $5,380,000.00
• Building: 14,820 Square Feet
• CAP: 6.50%
• CVS Pharmacy
• Louisiana
• Commercial Retail Sale - Active
• Offered at $4,745,000.00
• 11,945 Square Feet
• $397.24 Price PSF
• Dollar General
• Georgia
• Commercial Retail Sale - Active
• Offered at $775,965.00
• 9,014 Square Feet
• $86.08 Price PSF
• JP Morgan Chase
• Georgia
• Commercial Retail Sale - Active
• Offered at $1,060,000.00
• 3,346 Square Feet
• $316.80 Price PSF
• AutoZone
• Georgia
• Price: $1,840,000
• CAP RATE: 6.25%
• Building: 7,370 Square Feet
• AutoZone
• Houston, TX
• Price: $1,696,000
• Building: 7,370 Square Feet
• CAP RATE: 6.25%
Wed, 17 Aug 2011 13:49:45
Property #ST1241 Current list
• Free standing Starbucks for sale
• South Carolina
• Near Greenville SC
• Its an original bank building.
• Takes in $8,900 a month ($106,800 Annually)
• Long term lease.
• Price: $1,800,000
• CAP: 5.98%
Wed, 17 Aug 2011 16:33:42
Property #ST1119 Current list
• Walgreens Available for Sale
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody's Aa3)
• New York
• Price: $11,275,000
• CAP: 6.50%
• Prime New York Metro real estate
• Mature suburb of New York City
• 24+ years of guaranteed cash flow
• Located in affluent County
• High incomes ($102,939 Avg HH Income)
• Dense population (18,832 people in 1 mile)
• Important strategic location for Walgreens
• Oregon
• Price: $8,500,000
• CAP: 6.65%
• Very rare West Coast Walgreens
• Great corner with over 60,000 cars per day
• Retirement community; ideal Walgreens customers
• Off the I-5
• Important strategic location for Walgreens
• Lease and rent start August 2011
• Rhode Island
• Price: $6,450,000
• CAP: 6.5%
• Relocation store will open with strong sales
• Dense, urban infill with 30,000 people in 1 mile
• Important strategic location for Walgreens
• Lease and rent start August 2011
• Massachusetts - LEASEHOLD
• Price: $5,805,000
• cap: 7.5%
• Best corner in town
• Anchored by a Walmart; opposite Target center
• Leasehold provides for 100% depreciation (subject to buyer verifications)
• Cross Rd is the main access for UMass Dartmouth
• Lease and rent start June 2011
• Wisconsin Metro Location
• Price: $5,700,000
• CAP: 6.50%
• Relocation of a high sales volume store
• Great corner with over 53,000 cars per day
• Main & Main location with great retail trade area
• Located in a relatively affluent suburb
• Off the I-45, just 30 miles from Milwaukee
• Important strategic location for Walgreen
• Rhode Island
• Price: $5,685,000
• CAP: 6.95%
• Open and Paying Rent
• Very Important Strategic Location for WAG
• Affluent area with Avg HH Income of $84,482
• Next closest WAG is 15 miles away
• Less than 30 miles to Providence, RI
• This location is immediately off Interstate 95
• Southern California
• Price: $5,655,000
• CAP: 7.25%
• Rare opportunity to buy Southern California Walgreens above a 7% CAP
• 230,000 people within 5 miles
• NN Lease
• 10+ years remaining on firm lease term
• Sales well above average
• Store is a top performer in this market
• Colorado
• Price: $5,464,000
• CAP: 7.75%
• Very rare Mountain West Walgreens
• Stong Sales Performance
• Established neighborhood with new growth
• Low rent and purchase price
• ~10 years of remaning lease term
• Kansas City
• $5,205,0006.4% CAP
• Rare combo of dense population and high incomes
• Over 100,000 people within 3 miles
• Average HH Incomes > $80,000
• Rapidly growing suburb of Kansas City
• Low rent and purchase price
• 23.5 years remaining on firm lease term
Wed, 17 Aug 2011 18:07:03
Property #ST1240 Current list
• New Walgreens for sale in a very good location
• Minnesota
• Population of 100K+
• Opens within the next 60-90 days
• NNN lease of $830,000 per year
• Seeking 6.75% cap rate
• Sales Price: $12,296,296.
• Buyer responsible for a buy-side commission
• There are two more Walgreen properties to follow
• All are 75 year leases, initial 25 years, NNN flat lease term.
• Developer will entertain a presale
Wed, 17 Aug 2011 09:59:14
Property #ST1239 Current list
• MULTIPLE NET LEASE PROPERTIES
• Taco Bell
• Arkansas
• Price: $1,538,000
• Cap Rate: 6.70%
• 7-Eleven
• Florida
• Price: $2,000,000
• Cap Rate: 6.35%
• Location: Hopkinsville, KY
• Price: $3,683,000
• Cap Rate: 8.00%
• Click Here for More Information
• Rite Aid
• Michigan
• Price: $1,520,000
• Cap Rate: 10.00%
• Rite Aid
• Georgia
• Price: $3,480,000
• Cap Rate: 9.25%
• Sonie Drive In Portfolio - 5 Restaurants
• Georgia
• Price: $4,715,000
• Cap Rate: 8.75%
• BP Distribution Center
• Indiana
• Price: $19,975,000
• Cap Rate: 7.58%
• Dollar General
• New York
• Price: $1,503,497
• Cap Rate: 7.75%
• Walgreens
• Maine
• Price: $6,251,000
• Cap Rate: 6.75%
• NNN
• Dollar General
• Missouri
• Price: $826.000
• Cap Rate: 9.10%
• Dollar General
• Missouri
• Price: $742,857
• Cap Rate: 8.75%
• Dollar General
• Missouri
• Price: $837,706
• Cap Rate: 8.85%
• Champps
• Michigan
• Price: $4,652,614
• Cap Rate: 9.50%
• Porter Paings
• Indiana
• Price: $934,500
• Cap Rate: 9.25%
• Goodwill
• Michigan
• Price: $812,509
• Cap Rate: 11.00%
• Goodwill
• Michigan
• Price: $1,531,000
• Cap Rate: 9.50%
• Family Dollar
• Michigan
• Price: $992,500
• Cap Rate: 10.00%
• Dollar General
• Illinois
• Price: $827,778
• Cap Rate: 9.00%
• Dollar General
• Indiana
• Price: $852,222
• Cap Rate: 9.00%
• Dollar General
• Illinois
• Price: $882,222
• Cap Rate: 9.00%
• Dollar General
• Illinois
• Price: $972,222
• Cap Rate: 9.00%
• Dollar General
• Illinois
• Price: $1,277,778
• Cap Rate: 9.00%
• Walgreens
• Michigan
• Price: $5,780,000
• Cap Rate: 8.50%
• Hooters
• Michigan
• Price: $1,584,000
• Cap Rate: 8.75%
• Hooters
• Michigan
• Price: $1,658,652
• Cap Rate: 8.90%
• OfficeMax
• Iowa
• Price: $2,845,440
• Cap Rate: 10.00%
• Burger King
• Michigan
• Price: $636,000
• Cap Rate: 9.25%
• Wed, 17 Aug 2011 15:35:16
Property #ST934 Current list
• Walgreens
• Michigan
• Walgreens that is an out-parcel to a Kroger anchored shopping center
• List Price: $3,762,529
• Rentable Square Feet: 13,905 Square Feet
• Lot Size: 1.35 Acres
• Year Built: 1999
• Current NOI: $319,815
• Initial Cap Rate: 8.50%
• Down Payment: $2,355,246 / 62%
• Cash Flow After Debt Service: $106,272
• Cash on Cash Return: 4.53%
• Type of Ownership: Fee Simple
• Price/SF: $270.59
• LEASE SUMMARY
• Lease Type: Double Net (NN)
• Roof and Structure: Landlord
• Lease Commencement: October 18, 1999
• Primary Term Expiration: October 31, 2019
• Option Expiration: October 31, 2059
• Lease Guarantor: Corporate (Walgreens Co.)
• ASSUMABLE LOAN SUMMARY
• Original Loan Balance: $2,116,000
• Current Loan Balance: $1,407,283 (Amount to Be Assumed)
• Interest Rate: 7.68%
• Amortization: 20 Years
• Total Yearly Payment: $213,542
• Last Payment Due On: 12/2019
• Loan Balance When Due: $0.00
• *Escrows: $173.83/month
• **Servicing Fee: $88/month
• ***Escrow & Servicing Fess are included in total monthly payment.
• ****Assumable debt is non-recourse and is paid in full at end of lease term.
• INVESTMENT HIGHLIGHTS
• Self-Liquidating Debt in Place
• Own Free & Clear in 9 Years!
• Walgreens Corporation has an A+ credit rating by Standard & Poors
• Double Net (NN) with Minimal Landlord Responsibilities
• Landlord Responsibilities Include Roof/Structure
• Tenant Responsibilities Include Taxes/CAM/Insurance/Plate Glass/HVAC
• Located on Hard, Signalized Corner in Front of Kroger-Anchored Center
• The subject property is a 13,905 square foot build-to-suit Walgreens Pharmacy constructed in 1999 located on a hard corner. It is an out-parcel to a Kroger-anchored shopping center that includes a multitude of national and local tenants including ACO Hardware, Diary Queen, AT&T and A&W. The center as well as the Walgreens has very little, if any, deferred maintenance. Per the lease agreement, which has over nine years remaining, Walgreens is responsible for the Taxes, Insurance, Common Area Maintenance as well as any repairs/replacements to the HVAC, Interior & Plate Glass. Traffic counts in the area exceed 27,000 vehicles per day and in addition, this property is located near several middle-class residential developments as well as well-occupied commercial properties.
• The lease in place has a term of 60 years with Walgreens Corporation with an option to cancel or option to extend after the first 20 years of the lease. After the initial 20 years, Wal-greens has eight, five year options to extend. The 13,905 square foot store is situated on approximately 1.35 acres at a highly visible and signalized intersection. The annual rent for the first 20 years is set to be $319,815 which equates to approximately $23.00 per square foot per year.
• The property is encumbered by a self-liquidating mortgage that had an original balance of $2,116,000 with an interest rate of 7.68% on a 20 year amortization schedule and a 20 year Note. The current balance as of July 27th, 2010 is $1,407,282.64 and the monthly payment, which includes $261.83 in monthly escrow/servicing fees, is $17,795.21 per month.
• Walgreens Pharmacy was founded in 1901 in Chicago, Illinois in an attempt to change the manner in which pharmacies conducted business. The initial changes that the company's founder undertook of creating a warm, inviting pharmacy while at the same time exceeding the required standards for purity and freshness can still be felt today in any of the com-pany's thousands of locations throughout the country and the world. Today, Walgreens is the largest drug store chain in the United States as the company operates over 7,500 loca-tions which can be found in all 50 states. The national headquarters have not strayed very far from its roots as it can found in Deerfield, Illinois. Walgreens is a publically traded com-pany on the New York Stock Exchange under the symbol WAG, and as recently as 2009 reported Net Income of over $2 Billion. Commonly considered one of the most stable invest-ments, Walgreens is rated an 'A+' by Standard & Poor's in terms of credit rating and is listed as one of the S&P 500 as one of the largest companies in the country.
Wed, 17 Aug 2011 15:35:16
Property #ST987 Current list
• Three Michican Advance Auto Parts Stores
• Price: $937,500
• Cap Rate: 8.40%
• Outparcel to Home Depot and Wal-Mart Supercenter
• New 10 Yr. NN Lease
• April 1, 2011 Commencement
• S&P Rated BBB- Tenant
• Rent Increase in Initial Lease Term
• 19% Increase in 1st Option
• Price: $812,500
• Cap Rate: 8.40%
• Outparcel to Wal-Mart Supercenter in Primary Retail Corridor
• New 10 Yr. NN Lease
• April 1, 2011 Commencement
• S&P Rated BBB- Tenant
• Rent Increase in Initial Lease Term
• 41% Increase in 1st Option
• Price: $875,000
• Cap Rate: 8.40%
• Located Just Off I-75 in Area's Primary Retail Corridor
• New 10 Yr. NN Lease
• April 1, 2011 Commencement
• S&P Rated BBB- Tenant
• Rent Increase in Initial Lease Term
• 28% Increase in 1st Option
Wed, 17 Aug 2011 15:35:16
Property #ST8677 Current list
• Two Rite Aids
• Tennessee and Ohio
• 17 Yrs Absolute Net
• 9.3% Cap
• EXCELLENT LOCATIONS
• Tennessee:
• Price: $3,901,364
• 9.32% Cap Rate
• Adjacent to Three Hospital Systems
• Successful Store Relocation Site
• Over 17 Years on Abs. Net Lease
• 10% Rental Increases Every 10 Yrs.
• Best Pharmacy Location in Chattanooga
• New Financing Available
• 5.80% | 25 yr. Amort | 65% LTV
• 12%+ Cash on Cash Return
• Ohio:
• Price: $4,763,090
• 9.32% Cap Rate
• Successful In-Line Store Relocation Site
• Over 17 Left on Abs. Net Lease
• 10% Rental Increases Every 10 Yrs.
• Minimnal Competiton from WAG or CVS
• Phenomenal Store Sales
• New Financing Available
• 5.80% | 25 yr. Amort | 65% LTV
• 12%+ Cash on Cash Return
Wed, 17 Aug 2011 15:35:16
Property #ST873 Current list
• Starbucks
• Alabama
• Adjacent to Walmart & Home Depot
• Price: $1,381,110
• Net Operating Income: $103,583.30
• Building Size: 1,870 sf
• Property Use Type:Net Lease Investment with 7 years left on lease
• Cap Rate: 7.50%
• Tenancy: Single
• The subject offering consists of a 1,870 square foot Starbucks store on a 1+/- acre site.
• The building was completed in 2008 .
• Priced to Reflect an 7.50% Cap Rate
• 10 Year NNN Lease Minimal Landlord Responsibilities
• No Kick-Out Clause
• 10% Rent Increase in Year 6 and Options
• Four (5) Year Options with Increases
• Prime Location along a major Route
• Population of Over 59,000 Within 5 Mile Radius
• Average Household Income Exceeds $70,000
Wed, 17 Aug 2011 15:35:16
Property #ST1238 Current list
• VARIOUS NET LEASE PROPERTIES FOR SALE
• Tires Plus
• Iowa
• Purchase Price: $836,000
• Cap Rate: 8.00%
• Arby's
• Indiana
• Purchase Price: $975,000
• Cap Rate: 8.00%
• Arby's
• Illinois
• Year Built: 2000
• Purchase Price: $1,316,000
• Cap Rate: 7.75%
• Tuffy Auto Service Center
• Nebraska
• Year Built: 2007
• Purchase Price: $1,369,000
• Cap Rate: 8.15%
• Applebee's
• Washington State
• Year Built: 2005
• Purchase Price: $4,420,000
• Cap Rate: 6.45%
• Jareds For Sale
• The Galleria of Jewelry
• Virginia
• Year Built: 2009
• Purchase Price: $5,408,000
• Cap Rate: 6.00%
Tue, 16 Aug 2011 16:01:36
Property #ST1237 Current list
• Freestanding building located directly opposite from an Air Force Base Camp
• Maryland
• The location is leased to a regional car rental company
• The annual rent is $75,300 NNN.
• Price: Owner says make an offer
• Ten year lease term
• $5,900 per month until November 2012 - then 2% annual increases kick in!
Wed, 17 Aug 2011 10:07:03
Property #ST1236 Current list
• Starbucks For Sale
• Illinois
• Outparcel to a Grocery Anchored Shopping Center
• Closest Starbucks to Illinois a College (12,000 students)
• Investment grade tenant (S&P BBB+)
• Traffic counts exceed 46,000 cars per day
• Outparcel to a grocery anchored center
• Price: $1,300,000
• CAP; 8.16%
• Net Operating Income: $106,040
• Rental Escalations: None
• Renewal Options: Two 5-Year
• Lease Commencement Date: December 9, 2005
• Lease Expiration Date: February 29, 2016
• Year Built: 2005
• Lease Type: NN (roof, structure, parking lot replacement)
• Rentable Square Feet: 1,928
• Land Acreage: 19,166 SF
Wed, 17 Aug 2011 10:06:17
Property #ST1150 Current list
• Chuck E Cheese
• Ohio
• BUILDING: 10,200 square feet
• Remodeled by tenant in 2010 ($510,000.00 in improvements).
• Also signed an 8year lease extension.
• ACREAGE: 1.6 acres
• TENANCY: 100% LEASED CHUCK E. CHEESE (Ticker Symbol CEC on the NYSE)
• Absolute Net Lease Thru 10/31/18
• PURCHASE PRICE: $1,106,000
• ANNUAL RENT: $91,280.00
• CAP RATE: 8.25%
• LOCATION: Located off a major Highway
• High Traffic retail/restaurant corridor.
• Mall less than 0.4 miles from site
• DEMOGRAPHICS: Population: 224,456 (5Mile)
• Households: 89,745
• Avg. HH Income: $54,301
• TRAFFIC COUNTS: 28,505 vpd, 99,140 vpd and 34,175 vpd
• LEASE PROFILE
• Tenant: Chuck E. Cheese (CEC Entertainment, Inc)
• Corporately owned location
• Over 545 restaurants in US and International Markets
• Over 30 years in business (NYSE Symbol CEC)
• Lease: Triple Net taxes, insurance fees paid by tenant
• Term: October 31, 2018 expiration date
• Renewal Options: One 5 year renewal options with 180 days notice
• Annual Rent: $91,280.00, absolute net
• CAP Rate: 8.25%
Wed, 17 Aug 2011 08:34:30
Property #ST1235 Current list
• Perkins Restaurant and Bakery For Sale
• Pennsylvania
• Perkins NNN Lease Opportunity
• 10 Years Remaining Plus Two 5-Year Options
• This is a Perkins Restaurant In A Great Location
• High Traffic Counts
• 10-Year NNN Corporate Lease
• Great Maintenance-Free Investment Property
• Years 1-5: $139,500 In Annual Rent
• Years 6-10: $155,000 In Annual Rent
• Two 5-Year Options With 8% Increases In Each Option Period
• Price: $2,100,000
• CAP: 6.64%
• Perkins Web Site: http://www.perkinsrestaurants.com/
• Contact: Que Martyn, (855)-NNN-1031
Wed, 17 Aug 2011 08:11:51
Property #ST1234 Current list
• WALGREENS
• TEXAS
• Price: $7,328,000
• Built in 2008
• CAP: 6.25%
• Building: 14,820 SF
• Freestanding
• NNN Lease
• 25 Year Absolute Net Lease
• 2,500 Acre Master Planned Community Including Golf Course
• $100,000+ Average Income
• Offered Free & Clear
• Located at the North End of a 2,500 Acre Master Planned, Mixed-Use Development Including Golf Course
• Located at a Hard Corner
• 2008 Construction, 25 Year NNN
• Located in City Named #14 Best Places to Live in the USA by Money Magazine
• A+ S&P Credit ($53 Billion in Sales)
• Tenant Name: Walgreens Inc.
• Guaranty Type: Corporate
• Lease Type: Triple Net
• Lease Term: 75 Years (In Option)
• Rent: $458,000
• Lease Start Date: October, 2008
• Lease Expiration: October, 2083
• Options: Annual
Wed, 17 Aug 2011 00:30:51
Property #ST1233 Current list
• Family Dollar
• Texas
• Price: $550,000
• Built in 1993
• CAP: 8.15%
• Building: 8,000 SF
• Land: 0.8 Acres
• Freestanding
• NN Lease
• Extremely Low Rent
• Just off the corner in Suburb of Houston
• Long Term Upside
Wed, 17 Aug 2011 00:30:51
Property #ST1232 Current list
• Office Depot Current list
• Mississippi
• Building Area: 20,000 s.f.
• CAP: 9.00% 11.00%
• Lease Type: NN
• Price: $2,555,555 $2,180,000
• Lease Expiration Date: 11/1/2020
Wed, 17 Aug 2011 00:30:51
Property #ST1231 Current list
• DOLLAR GENERAL FOR SALE
• TEXAS
• Price: $940,000
• Built in 2010
• CAP: 8.20%
• Bldg: 9,100 SF
• Freestanding
• NN Lease
• 10 Year Double Net Lease
• Population 14,000 w/3 Miles
• Texas MSA
Wed, 17 Aug 2011 00:30:51
Property #ST913 Current list
• Church's Chicken Current list
• Price: $804,000
• Net Operating Income: $76,400
• Building Size: 1,178 SF
• Price/SF: $682.51
• Property Type: Retail
• Property Sub-type: Restaurant
• Property Use Type:
• Net Lease Investment with 5 years left on lease
• Cap Rate: 9.50%
• Occupancy: 100%
• Tenancy: Single
• Year Built: 1986
• Lot Size: 12,452 SF
• Lease Expires: 2/1/2017
• Corner location adjacent to CVS, Ross, Office Depot, Chase Bank & more. Proven operator with multiple locations.
Wed, 17 Aug 2011 00:30:51
Property #ST1155 Current list
• Best Buy
• Virginia
• Net Lease Investment Opportunity
• Price: $5,931,000
• Cap Rate: 8.75%
• Square Feet: 45,237
• Year Built: 2000
• Lot Size: 4.65 Acres
• Lease Term: 20 Years
• Lease Type: Absolute NNN
• Absolute Net Lease with 9 Years Remaining
• Priced at an 8.75 CAP with Rent Increase in 4 Years
• Non-Recourse, Assumable Loan, Requires $2,160,000 Down
• Next to a Mall: Macy's, JC Penney, Belk, Sears, Staples, Target, Wal-Mart Supercenter, and PetSmart
• All Cash Purchase Option
• Excellent Demographics and Population Density
Wed, 17 Aug 2011 00:30:51
Property #ST914 Current list
• Single Tenant Investment - IHOP Current list
• New Mexico
• Building Size: 4,700 SF
• Lot Size: 41,000 SF
• Sale Price: $3,375,000
• Starting NOI: $270,000
• Cap Rate: 8.00%
• Current Lease: 20 Year Lease
• Absolute NNN
• Rents Started 4/1/2011
• Lease runs through June 2031!
• Absolute NNN, 20 year lease, rents started 4/1/2011, still under Builder's Warranty.
• This property is offered as an investment property with a very strong tenant.
• The property serves both NM State Highway 550 & NM State Highway 528.
• Full left & right access to the property is available from State Highway .
• Lease runs through June 2031.
• Brand New IHOP
• Construction complete 1/2011
• Strong and growing retail corridor
• 41,200 VPD in front of Restaurant
Tue, 16 Aug 2011 21:08:46
Property #ST1230 Current list
• SONIC DRIVE-IN for sale
• California
• HIGHLIGHTS
• Strong national tenant with over 3,500 locations.
• 10% increases every 5 years, including options.
• Limited NNN product available in Northern California.
• One block away from the HWY 99.
• Constructed in 2003. Brand new lease in 2010.
• Excellent visibility and access. High traffic count.
• Low overall price per SF based on oversized parcel and improvements.
• LEASE SUMMARY
• Original Lease Term 15 years
• Lease Commencement 8/6/10
• Lease Expiration 7/31/25
• Options (3) 5-year options
• Increases 10% increases every 5 years, including options.
• Lease Type Absolute NNN
• Property Taxes Tenant
• Insurance Tenant
• Maintenance and Repairs Tenant
• Utlilities Tenant
• Roof & Structure Tenant
• Percentage Rent 8.5% for Gross Receipts in excess of above $117,647
• per calendar month, paid on monthly basis.
• OFFERING SUMMARY
• Price $1,655,000
• per SF $1,046.14
• per SF Land Area* $38.38
• NOI $120,000
• per Month $10,000
• per SF per Month $6.32
• Cap Rate 7.25%
Wed, 17 Aug 2011 02:41:26
Property #ST861U Current list
• Sonic Drive-In
• California
• Sales up 30% in 2011
• Price: $2,008,000
• Net Operating Income: $145,560
• Building Size: 1,718 sf
• Price/SF: $1,168.80
• Cap Rate: 7.25%
• Year Built: 2008
• Land Area: 36,868 sf
• Strong national tenant with over 3,500 locations.
• 10% increases every 5 years, including options.
• One block away from the a major Bypass (Hightwy).
• Constructed in 2008. Brand new lease in 2010.
• Low overall price per SF based on oversized parcel and improvements.
• This Sonic Drive-In is located close to downtown Sacramento.
• According to a 2003 survey, the average traffic count is approximately 34,000 vehicles per day
• The property is situated in a premier retail area with notable shopping centers - all of which increase the traffic in the area and the exposure to the Sonic.
Wed, 17 Aug 2011 02:41:26
Property #ST1229 Current list
• Texas 20-Year NNN Leases - With Increases
• Developer currently working with a single tenant net lease national fast food restaurant franchisee a major Texas City. The Franchisee would like the developer to develop several stores for them over the next 2- 3 years. This would be a 20-Year, NNN leases with bumps.
• Although these are not a corporate backed leases, the franchisee would be the guarantor on the leases. The guarantor operates in the range of 10-20 units. The new restaurants would average about $1 million + for each store.
• If interested in finding out more about these deals, please contact us.
• Contact: Que Martyn, (855)-NNN-1031
Tue, 16 Aug 2011 15:45:00
Property #ST1121 Current list
• AutoZone
• Northern California
• Net Leased Office Building
• AutoZone NNN Leased Office Buidling
• Price: $15,700,000
• CAP: 6.64%
• AutoZone NNN Leased Office Building
• Guaranteed by AutoZone, Inc. (NYSE: AZO)
• S&P Rated BBB Investment Grade Credit
• Annual 2% Increases in Rent
• Class A Build-to-Suit Completed in 2009
• Mission Critical Facility - Headquarters of ALLDATA, Wholly Owned Subsidiary of AutoZone
• Located Just off of Interstate 5 - High Growth Area
Tue, 16 Aug 2011 14:21:53
Property #ST1228 Current list
• Bridgestone/Firestone For Sale
• New Hampshire
• Bldg Area: 8,337 sq. ft.
• Land Area: 2.86 Acres
• Lease Type: NNN
• Price: $3,870,000
• Yield: 7.15 (CAP)
• Lease Exp: December 1, 2026
• New, NNN, 15-Yr, Corp Lease w/ 6.5% Rent Bumps Every 5-Yrs
• Bridgestone Retail Operations, LLC: 2,200+ Stores, 20,000+ Employees
• Subsidiary of Bridgestone Corp, World's Largest Tire Maker, S&P: BBB+
• 2-Miles from Major Interstate Along A Route (ADT: 23,000 Cars) | 30-Miles from Boston
• Directly Across from Wal-Mart, Home Depot, Staples & Adjacent to Rite Aid
• Next to Kohl's, Market Basket, TJ Maxx, Shaw's, Petco, Dollar Tree
• Greater Boston Area: 4.5 Million People | 12th Largest Economy Worldwide
• Average HH Income (3-Mile): $89,819
Tue, 16 Aug 2011 14:04:40
Property #ST1227 Current list
• Bridgestone/Firestone For Sale
• Maryland
• Bldg Area: 7,610 sq. ft.
• Land Area: 0.98 Acres
• Lease Type: NNN
• Price: $3,220,000
• Yield: 7.15 (CAP)
• Lease Exp: December 1, 2026
• New, NNN, 15-Yr, Corp Lease w/ 6.5% Rent Bumps Every 5-Yrs
• Bridgestone Retail Operations, LLC: 2,200+ Stores, 20,000+ Employees
• Subsidiary of Bridgestone Corp, World's Largest Tire Maker, S&P: BBB+
• Located On A Major Route (ADT: 18,230 Cars) at Another Route (ADT: 62,080 Cars) Interchange
• Harris Teeter Outparcel | Part of 600 Planned Community
• Adjacent to A High High School, An Elementary School, and A Middle Schools
• Adjacent to Major Corporations
• 1-Mile from A John Hopkins Laboratory - (4,500 Employees)
• Located In A County With 2011 Rank As The 5th Wealthiest by Median HH Income in U.S.
• Average HH Income (3-Mile): $144,238
16 Aug 2011 14:04:40
Property #ST1226 Current list
• Bridgestone/Firestone For Sale
• Maryland
• Bldg Area: 8,500 sq. ft.
• Land Area: 0.92 Acres
• Lease Type: NNN
• Price: $3,888,000
• Yield: 7.15 (CAP)
• Lease Exp: December 1, 2026
• New, NNN, 15-Yr, Corp Lease w/ 6.5% Rent Bumps Every 5-Yrs
• Bridgestone Retail Operations, LLC: 2,200+ Stores, 20,000+ Employees
• Subsidiary of Bridgestone Corp, World's Largest Tire Maker, S&P: BBB+
• Directly Adjacent to Safeway, Bank of America, WAG, Starbucks, 7-11
• Near White Major Mall - 1.4 Million Square Feet of Retail Space
• Located In A Major Metro Area: Over 2.7 Million People
• Average HH Income (1-Mile): $83,884
Tue, 16 Aug 2011 14:04:40
Property #ST1225 Current list
• Restaurant
• Upper West Side of Manhattan, New York
• Approx. 4,000 sq. ft.
• Prime area-bus/res area.
• Restaurant is separate from the bar.
• Rent: $24,000/month
• 10 year lease
• Price: $1.8 million
• This is a profitable business
• Great following, very little advertising
• Expense/revenue info available on request.
Tue, 16 Aug 2011 17:57:21
Property #SHOP467 Current list
• Now is the time to team up with a very successful developer with a successful philosophy.
• These opportunities are normally reserved for friends and family in a better market.
• Partnership opportunities available to investors that will return 12 to 15 % annualized to the cash partner. Plus additional return multiple at sell of the project in the 5-7 year time period.
• All the properties have 1031 capabilities.
•
• Below are 4 opportunities currently available:
• 1. 14 theater redevelopment - Kansas
• Type: Commercial redevelopment into Class A office
• Funds Needed: $2,400,000; minimum investment $500,000; approx. 11-15% annualized returns;
• Goal: Redevelop this theater into 95,500 SF of Class A office, with an optional Phase II 30,000 SF Class A building after stabilization of redeveloped theater, 5-7 year hold for cash flow creating exit value of approx. $20 million.
• Description: Terrific opportunity to create multiples on investment. Experienced developer converting 47,000 sq. ft. theater into 95,500 sq. ft. Class A office in the fastest growing area. Easy access for the entire market from Expressway and Road with 80,000 cars per day traffic count and great visibility. Located in a historically stable market that has highly skilled employment base and is a regional destination for businesses. Developer has built and operates 15 commercial assets, including Class A office conversions, in this market.
• 2. Office Park - Kansas
• Type: Commercial, Neighborhood office development
• Funds Needed: $300,000; approx. 11-15% annualized returns
• Goal: New development consisting of 5 office buildings and 50,000 Sq. ft.; 5-7 year hold for cash flow creating exit value of approx. $10 million
• Description: Fantastic opportunity for investors to create multiples on their money while getting monthly distributions at stabilization. Located in the highly desirable and upscale corridor. This asset captures one of the best income demographics in a stable market with demand for quality office suites ranging between 1,500 and 5,000 sq. ft.
• 3. Merchant Expo - Kansas
• Type: Commercial, Retail, 23,000 sq. ft. destination center
• Funds Needed: $300,000; approx. 11-15% annualized returns
• Goal: New concept retail destination. 23,000 sq. ft., 5-7 year hold for cash flow and excellent value creation. $3 Million exit value
• Description: This deal offers investors added value from day one due to below market land acquisition right on a major Expressway frontage with four-way exit ramps. 80,000 cars per day visibility makes this an ideal destination for a new open, meandering retail center fashioned after open markets in South America and Europe. Located in a stable, growing, high income demographic which will drive this unique shopping and dining experience.
•
• 4. Shopping Center - Kansas
• Type: Commercial, 85,000 sq. ft. retail with 4 out-parcels
• Funds Needed: $1,900,000; approx. 11-15% annualized returns
• Goal: Below market land acquisition that is a 5-7 year hold after development and lease up.
• Description: Excellent opportunity to invest in a new retail center with a big box shadow anchor and great residential density. 43,000 cars per day currently at this hard-corner location. New Interstate on/off ramp opening in Spring of 2013 will increase traffic by 15-20% at this already bustling intersection. New emergency care facility/doctor's offices across the street, as well as a rehabilitation hospital and high school, provide excellent retail demand in this stable, dense, high income demographic in the market.
Tue, 16 Aug 2011 12:27:57
Property #ST1224 Current list
• AutoZone
• California
• Price: $1,950,000 - 6.77% Cap Rate
• Fortune 500 Investment Grade Tenant
• One of America's Most Successful and Profitable Companies
• Prime Retail Location on State Highway
• LOT SIZE Approximately 34,157 square feet
• IMPROVEMENTS Completed in May 2009, a 7,370+/- square foot freestanding AUTOZONE retail
• store.
• LEASE Leased to AUTOZONE, INC. for 15 years from June 1, 2009 until May 31, 2024. The net annual rent of $132,000 increases by 10% every five years throughout the primary term. The lease is net, with tenant responsible for its pro rata share of taxes, insurance, and common area maintenance expense, as well as 100% of building maintenance costs. Landlord is responsible for roof, structure, foundation
• and utility lines. There are four 5-year options to renew with increases under the same terms and conditions as the primary lease.
• ANNUAL INCOME
• YEARS............ ANNUAL...........RENT RETURN
• 1-5...................$132,000..........6.77%
• 6-10.................$145,200..........7.45%
• 11-15...............$159,720..........8.19%
• 16-20 (Option 1) $175,692.......9.01%
• 21-25 (Option 2) $193,261.......9.91%
• 25-30 (Option 3) $212,587.......10.90%
• 31-35 (Option 4) $233,846.......11.99%
• PRICE $1,950,000 - 6.77% Cap Rate
Tue, 16 Aug 2011 12:38:57
Property #ST900 Current list
• ALCO - PRICE REDUCED
• Arizona
• New 15-Year Lease!
• Price: $3,089,000
• Net Operating Income: $285,694
• Cap Rate: 9.25%
• Building Size: 31,500 sf
• Year Built: 2009
• Lot Size: 2.75 ac
• Corporate Guarantee from Duckwall-ALCO who Operates 214 Stores in 23 States
• Attractive 9.0% Yield in Growing Market
• 20-Year Roof Warranty (+/- 19 Years Remaining)
• As of January 31, 2010, Duckwall-ALCO Stores, Inc. had Total Revenues of $488 Million and a Net Worth in Excess of $105 Million
Tue, 16 Aug 2011 16:01:36
Property #ST1057 Current list
• DaVita Dialysis / Regional Office Building
• Tennessee
• Price: $2,170,000
• Net Operating Income: $200,114
• Cap Rate:9.22%
• Building:15,908 sf
• Land: 0.84 acres
• Corporate Guaranteed DaVita Dialysis/Regional Office Bldg on Coveted Avenue
• DaVita has Over 1,300 Outpatient Dialysis Facilities & Acute Units in Over 700 Hospitals in 43 States
• DaVita Spent Over $1,200,000 on Tenant Improvements (Remodeled in 2009)
• High-End Grocer Planned Behind DaVita Building & CVS just Paid $2.9 Million for the Dirt Across the Street from DaVita
• RARE Retail/Metro Location - Nearby Tenants Include: Chick-Fil-A, IHOP, McDonald's, Applebee's, etc.
• Average Household Income Exceeds $72,000 within One-Mile Ring
Tue, 16 Aug 2011 16:01:36
Property #ST902 Current list
• Pamida
• Kansas
• PRICE REDUCED
• Corporate Signature
• Price: $2,077,000
• Net Operating Income: $189,000
• Cap Rate: 9.10%
• Building Size: 26,500 sf
• Year Built:2008
• Corporate Pamida Lease
• 12 Years Remaining on Initial 15-Year Absolute NNN Lease
• Low Rent to Sales Ratio
• 2008 Construction
Tue, 16 Aug 2011 16:01:36
Property #ST963 Current list
• ALCO (NASDAQ: DUCK)
• Minnesota
• Corporate Guaranteed
• Price: $2,074,000
• Net Operating Income: $197,052
• Cap Rate: 9.50%
• Building: 25,614 sf
• Tenancy:Single
• Year Built: 2007
• Land: 2.15 acres
• 15-Year NN Lease (12 Years Remaining)
• Corporate Guarantee from Duckwall-ALCO who Operates 214 Stores in 23 States
• Attractive 9.50% Yield in Growing Moose Lake Market (2 Hours from Minneapolis)
• Situated in Growth Area
• 20-Year Roof Warranty (+/- 17 Years Remaining)
• As of January 31, 2010, Duckwall-ALCO Stores, Inc. had Total Revenues of $488 Million and a Net Worth in Excess of $105 Million
Tue, 16 Aug 2011 16:01:36
Property #ST901 Current list
• Arby's Restaurant - PRICE REDUCED Current list
• Arizona
• Corporate Signature
• Price: $1,575,000
• Net Operating Income: $133,803
• Cap Rate:8.50%
• Building Size: 3,100 sf
• Year Built: 2001
• Lot Size: 0.72 acres
• Corporate Lease - Guaranteed by Arby's Restaurant Group, Inc.
• Absolute NNN
• Pad Site to Home Depot & Sears
• 1% Annual Increases
• Long Term Lease with 10 Years Remaining
• Attractive Financing Available
Tue, 16 Aug 2011 16:01:36
Property #ST964 Current list
• Dairy Queen DQ Grill Restaurant
• Nebraska
• Price: $817,000
• Net Operating Income: $63,312
• Cap Rate: 7.75%
• Building: 2,860 sf
• Year Built:2010
• Lot Size:1.5
• NNN Lease
• Large Lot - over an Acre
• Strong Guarantor with over 50 Locations
• Seasoned Location with Low Rent to Sales Ratio
• Remodeled Building in 2010
Tue, 16 Aug 2011 16:01:36
Property #ST964 Current list
• State of Texas - Office of the Attorney General
• Texas
• Price:$1,149,000
• Building: 12,120 sf
• Price/SF:$94.80
• Net Operating Income: $103,410
• Cap Rate: 9%
• Year Built: 2010
• Land: 1 acre
• Strong Credit Tenant: Lease is Guaranteed by the State of Texas
• Unique Building Improvements Specific to Agency Work would Make Relocation Difficult & Extensions More Probable
• The Lease Provides for Annual Operation Cost Escalation Based on the CPI Leading to Increased NOI through Landlord Driven Mgmt & Cost Control
• Zero Debt Constraints for Seller Allows Flexibility Either to Place New Financing or Purchase All Cash
• City of Victoria is the County Seat for Victoria County. This Building Services to Entire County.
• New Construction - Built in 2010
Tue, 16 Aug 2011 16:01:36
Property #ST864 Current list
• Arby's Current list
• Illinois
• Absolute NNN Lease
• 36 Unit Operator
• Price: $1,059,000
• Net Operating Income: $90,000
• Cap Rate:8.50%
• Building: 2,915 sf
• Built: 1999
• Land Area: 0.78 AC
• 16+ Years Remaining on Initial 20-Year Absolute NNN Lease
• Heartland Beef, Inc. | Beef Corporation of America (8th largest Arby's franchisee with 36 units in Illinois, Indiana, Iowa & Ohio)
• Rental Escalations every 5 Years
• Located on the main North/South Corridor that Runs through the city
• New Arby's Prototype Building
Tue, 16 Aug 2011 16:01:36
Property #ST1223 Current list
• Property: Popeyes Current list
• Nebraska
• Year Built: 1982
• Purchase Price: $645,000
• Cap Rate: 9.50
Tue, 16 Aug 2011 16:01:36
Property #ST1139 Current list
• Multiple Net Lease Investment Properties
• Spectrum Health
• Michigan
• Price: $3,660,000
• CAP: 8.75%
• Absolute NNN Lease
• Moody's (Aaa) Rated Tenant
• Built-to-Suit Development in 1999
• Annual 3% Rent Bumps
• Staples
• Florida
• Price: $3,950,000
• CAP: 8.50%
• 8 Yrs on NN Lease
• Investment Grade (BBB) Tenant
• 10% Rent Bumps in Options
• 20% Pop. Growth from 2000-2007
• Verizon Wireless
• Georgia
• Price: $3,300,000
• CAP: 8.20%
• Corporate Lease Recently Renewed for 7 Years
• Store Recently Doubled SqFt Due to High Volume
• Top Five Store in Region
• A+ Real Estate on Pad to Regional Mall
• Walgreens
• Mississippi
• Price: $3,690,000
• CAP: 8.40%
• Strong Store Sales Indicate Lease Renewal
• Small Price Point for (A) Rated Tenant
• Dominant Corner Location
• 9+ Years on NN Lease
• Dollar General
• Missouri
• Price: $794,993
• CAP: 9.00%
• New 15 Year NN Lease
• Corporate Guarantee
• Ideal Demographics
• 15+ Locations Available (NN & NNN Leases)
Tue, 16 Aug 2011 11:49:12
Property #ST1222 Current list
• 12.33% CAP Buffet Restaurant - LEASEHOLD
• California
• 100% DEPRECIABLE
• This offering is a long term Absolute Triple Net (NNN) Leased Investment. There is over 10 years remaining on the lease with scheduled rental increases. The property is strategically located in front of Nordstrom Rack and Wal-Mart Supercenter within a successful Towne Center, an 830,000 square foot, open air, promotional shopping center. The strength of the center is evident by its national anchor tenants: Wal-Mart Supercenter, Nordstrom Rack, Sam's Club, Kohl's, and Borders Books. The property is conveniently located on the a Freeway (76,000 cars per day) and is in close proximity to 2 other Freeways.
• PRICING: $1,100,000
• EXISTING NOI: $135,632
• CAP RATE: 12.33%
• Rentable Area: 6,900 SF
• Year Built: 2002
• Land Area: 1.03 Acres (44,867 SF)
• Ingress/Egress: Two signalized intersections, additional access points
• Legal Interest: Leasehold (Offering is for Building/Improvements Only)
• Ease of Management/Zero Landlord Responsibility
• All Expenses Paid Directly by Tenant
• Tenant Responsible for Roof and Structure
• 11 Years Remain on Lease, Plus 3 (5-Year) Options
• Strong Scheduled Rental Increases
• 100% DEPRECIABLE ASSET ENCUMBERED BY A LONG TERM GROUND LEASE WITH OWNER OF CENTER
• 26 Years of Term and Options Remain
• Due to the Leasehold Interest offered, an investor is able to maximize the after tax return by depreciating 100% of the investment
• PART OF A TOWNE CENTER
• Security and Stability for the Investor
• 830,000 square foot open-air promotional center
• Major Tenant Anchored: Wal-Mart Supercenter, Nordstrom Rack, Sam's Club, Borders Books, and Kohl's
• Intrinsic Real Estate
• High Traffic and Exposure
• Freeway Monument Signage
• EXPERIENCED OPERATOR
• Highly Successful Buffet Concept
• Security and Stability for the Investor
• SUPERIOR RETAIL LOCATION
• Extreme population density with large market draw
• Over 300,000 people within a 5 mile radius
• The center is accessible by the primary Freeway as well as the nearby 2 Freeways
• 12.33% RETURN DAY-1
• Very Attractive/Double-Digit Return Starting Day-1 for the Investor
• The 12.33% Return Increases to 13.81% in December 2012/Less than 2-Years
Tue, 16 Aug 2011 07:46:14
Property #ST1153 Current list
• Comcast Cable Corporate Lease
• Washington
• Corporately Guaranteed "BBB+" Investment
• Purchase Price: $13,332.000
• Cap Rate: 9%
• Building Size: 31,270 SF
• Lot Size: 4.98 Acres
• Year Built: 1987/1999
• Lease Type: Absolute NNN
• Parking Spaces: 396
• Investment Grade S&P "BBB+" Rated Tenant
• Corporate Guarantee from Nations Largest Cable Company
• Large Increases of 12% Every 3 Years
• Located in a No State Income Tax State
• Assumable Non-Recourse Financing in Place
•
Date: 16 Aug 2011 09:02:42
Property #ST996 Current list
• Hooters - Corporate Lease
• Missouri
• Price: $2,510,000
• Net Operating Income: $175,700
• Cap Rate: 7%
• Building Size: 5,048 sf
• Year Built: 2007
• Land: 1.50 acres
• Corporate Guaranteed Lease with 16 Years Remaining
• Absolute NNN lease - No Landlord Responsibilities
• Over 42,000 cars per day (US Hwy
• Higher Quality Brick Construction compared to standard Hooters prototype
• Directly across from 335,000 SF Power Center
• Solid Store Sales since opening
Tue, 16 Aug 2011 09:34:28
Property #ST1221 Current list
• IHOP
• Tennessee
• This offering is a single tenant NNN IHOP, which sits on an outparcel to a double anchored center, with a Cinema 16 Theatre complex and former Schnuck's supermarket in a affluent suburb of a major MSA Tennessee city. This location is leased to a well established IHOP franchisee, on a 20 year lease with
• approximately 19 years remaining. The lease has 10% increases every 5 years. The franchisee owns & operates approximately 30 IHOP restaurants in six states, including Tennessee, Alabama, Mississippi, Arkansas, Texas and Oklahoma. The franchisee has personally guaranteed the first 10 years of the Lease term.
• 20 Year NNN Lease - 19 Years Remaining
• Outparcel to a 16 Cinema Theatre Anchored Center
• Absolute NNN - Zero Landlord Expenses
• $94,500 average HH income within 5 Miles
• The five mile population is over 152,000 people.
• Personal Guaranty from Franchisee (1st 10 Years of Lease)
• Price: $2,616,000
• CAP: 7.75%
• NOI: $202,744
• Expenses: Zero Landlord Expenses, Absolute NNN Lease
• Land Size 1.00 Acres
• Building 4,797 Sq.Ft.
• Year Built 2009
• Commencement Date: June 24, 2009
• Termination Date: June 30, 2029
• Term: 20 Year Lease (19 Yrs Left) with Three 5 Year Options
• Increases: 10% Increases every 5 Years, including the Options
Tue, 16 Aug 2011 09:34:28
Property #ST1220 Current list
• Corporate NNN IHOP Restaurant For Sale
• Oregon
• Hard corner location with excellent access & exposure
• Absolute NNN lease with
• Corporate Guarantee
• 12% rent increase each 5 years including options
• Over 8 years remaining on the primary lease term
• Adjacent to a Mall with Macy's, Kohl's TJ Maxx, Sears,…
• Established location since 1994 with strong sales history
• Price: $2,100,000
• Cap Rate: 7.20%
• Building Size: 5,132 SF
• Land Area: 30,000 SF
• Tenant: IHOP Properties, Inc. (NYSE: DIN)
• Guarantor: IHOP Properties, Inc. (NYSE: DIN)
• Lease Type: Absolute NNN Lease
• Primary Lease Term: 25 Years
• Lease Commencement Date: June 30, 1994
• Lease Expiration Date: June 30, 2019
• Rent Increases: 12% every Five Years including options
• Renewal Options: Two, Five Year Options
Tue, 16 Aug 2011 06:25:56
Property #ST1219 Current list
• Captain D's For Sale
• Georgia
• CAP: 6.00%
• Price: $1,200,000
• Great lease terms
Tue, 16 Aug 2011 09:21:00
Property #ST1218 Current list
• Dollar Tree For Sale
• Wisconsin MSA
• Corporate guarantee
• Building sits on entire city block parcel
• Low rents & price per foot
• Fungible building
• High vehicle and foot traffic counts
• Recession friendly tenant
• Price: $1,094,039
• Cap Rate: 7.75%
• Building Size: 8,075 SF
• PPSF: $135.48
• Lot Size: 0.5 Acres
• Yr. Remodeled: 2011
Mon, 15 Aug 2011 15:26:54
Property #ST908 Current list
• Time Warner Cable SINGLE TENANT Current list
• Texas MSA
• Price: $5,367,000 $5,200,000
• NOI: $416,000
• 7.75% 8.00% Cap Rate
• Investment grade tenant
• Property is located within the Dallas MSA
• Annual rent escalations
• Recently renewed lease
Sun, 14 Aug 2011 13:50:08
Property #ST1217 Current list
• Energy Investment Opportunity
Sophisticated investor is under contract to purchase Texas properties and operations for $5,150,000. This will be for the the largest lease that includes 35% of the working interest. They investor is going to attempt to purchase up to another 62.5% of this property for an additional, approximately $3,627,000.
The current property facts:
• Proved reserves on the original properties are $9,000,000 discounted 12%.
• They have a full reserve reports and a 30 page discussion of the properties for anyone who is interested.
• The properties were originally drilled on 40 acre spacing
• There are 47, 20-acre proved, development locations available
• There are 115, 10-acre development locations available
• Water floodable
• 35% working interest in main lease, all or part of other 65% maybe acquired
• Shallow wells 2700' pay at 2200' zone 170' thick
• Development wells can be drilled for $200,000 completed for $50,000 each
• Other zones behind pipe and deeper
This investor is a long time, successful operator. They been involved in the energy business for over 25 years. They have successfully taken similar operations public with their strong investment banking connections.
Today, they are doing it all over again! Their plan is to take their current company operations public and grow the company in increased proven reserves, revenues and cash flow. Their acquisition and capital market experience will greatly benefit the company and shareholders as they look to acquire undervalued properties going forward. This is an experienced operator who will continue to expand the company's owned working interests in many more wells. This investor is experienced in identifying, negotiating, completing and integrating many more acquisitions for the company. In addition to completing additional acquisition, plans are in place for raising millions more via their investment banking resources. Once the company goes public, the company will then be sold for an incredible profit.
• They are seeking $5 million to $8.8 million in funds in exchange for interest in the Company.
Fri, 12 Aug 2011 16:43:56
Property #ST1216 Current list
• Rite Aid Pharmacy For Sale
• New York
• Cap Rate:11.2%
• Price: $1,850,000
Thu, 11 Aug 2011 16:38:50
Property #ST1215 Current list
• Wolf Camera & Image
• Colorado
• $2,461,350 - Single Tenant Absolute Net Investment
• Opportunity with 6.8% Average Return
• Purchase Price: $2,461,350
• CAP Rate: 6.5% initially with a 6.8% average over 10 years
• Net Operating Income: Years 1 - 5 $159,988 | Years 6 - 10 $175,987
• Lease Type: Absolute Net
• Lease Term: Ten (10) years with two (2) options to extend by five (5) years each (Relocating nearby site of 18 years
• Building Area: 3,478 rentable square feet
• Land Area: 16,582 square feet, per Denver County Assessor's Office
• YOC: Built in 1988, renovated in 2011
• Traffic Counts: 62,662 VPD
Thu, 11 Aug 2011 17:12:32
Property #ST1214 Current list
• 7-Eleven
• California
• Price: $2,285,000
• Absolute NNN
• CAM expenses fully recaptured by 7-Eleven until vacant space is leased
• Great Exposure
• Traffic counts 21,000 cars per day
• Signalized intersection
• Strong demographics with approximately 358,000 people within five mile radius
Thu, 11 Aug 2011 16:59:19
Property #ST1213 Current list
• NATIONWIDE INVESTMENT PROPERTIES
• Best Buy Dist. Center
Current list
• Size: 368,060
• Price: $20,282,000
• Cap Rate: 7.15%
• Medical DC
Current list
• Size: 75,000
• Price: $5,550,000
• Cap Rate: 8.38%
•
• Rite Aid Pharmacy
• Status: Active
• Size: 11,157
• Price: $4,790,000
• Cap Rate: 9.40%
•
• Paychex Off Bldg.
Current list
• Size: 25,000
• Price: $4,645,000
• Cap Rate: 7.40%
•
• Rite Aid Pharmacy
• Status: Active
• Size: 14,564
• Price: $4,223,000
• Cap Rate: 10.10%
•
• Citizens Bank Off Bldg.
• Status: Active
• Size: 19,850
• Price: $4,199,000
• Cap Rate: 8.50%
•
• HHGregg Center
• Status: Active
• Size: 60,834
• Price: $4,150,000
• Cap Rate: 10.27%
•
• JCPenney Ground Lease
Current list
• Size: 104,174
• Price: $4,000,000
• Cap Rate: 6.50%
• Social Security Bldg.
Current list
• Size: 11,606
• Price: $3,212,000
• Cap Rate: 9.50%
•
• Mall Current list
• Size: 42,654
• Price: $2,680,000
• Cap Rate: 9.75%
•
• Jimmy John's/Panini's
• Status: Active
• Size: 8,400
• Price: $2,200,000
• Cap Rate: 8.45%
•
• Advance Auto
• Status: Active
• Size: 7,000
• Price: $2,099,000
• Cap Rate: 8.30%
• Advance Auto Current list
• Size: 7,000
• Price: $2,038,000
• Cap Rate: 8.30%
• Advance Auto
Current list
• Size: 6,000
• Price: $2,017,000
• Cap Rate: 8.20%
• Advance Auto
Current list
• Size: 7,000
• Price: $1,914,000
• Cap Rate: 8.30%
• New Family Dollar Portfolio
• Status: Active
• Size: 12 Locations
• Price: $19,762,000
• Cap Rate: 8.50%
• Advance Auto
Current list
• Size: 7,000
• Price: $1,873,000
• Cap Rate: 8.25%
• Advance Auto
Current list
• Size: 7,000
• Price: $1,785,000
• Cap Rate: 8.25%
• Advance Auto
• Status: Active
• Size: 6,000
• Price: $1,673,000
• Cap Rate: 8.30%
• Sherwin Williams
Current list
• Size: 4,500
• Price: $1,559,000
• Cap Rate: 7.00%
• Advance Auto
Current list
• Size: 6,000
• Price: $1,511,000
• Cap Rate: 8.25%
• Sherwin Williams
Current list
• Size: 4,000
• Price: $1,497,000
• Cap Rate: 7.35%
• Sherwin Williams
• Status: Active
• Size: 3,500
• Price: $1,045,000
• Cap Rate: 7.75%
• AutoZone Ground Lease
Current list
• Size: 7,381
• Price: $1,032,000
• Cap Rate: 6.50%
• AutoZone Ground Lease
Current list
• Size: 7,381
• Price: $1,000,000
• Cap Rate: 6.50%
• Radio Shack/T-Mobile
Current list
• Size: 3,500
• Price: $897,000
• Cap Rate: 9.25%
• Verizon 10.5-Yr Lease
• Status: Active
• Size: 2,500
• Price: $776,000
• Cap Rate: 8.50%
• Verizon 10.5-Yr Lease
• Status: Active
• Size: 2,500
• Price: $765,000
• Cap Rate: 8.50%
Thu, 11 Aug 2011 15:51:50
Property #ST1212 Current list
• Arby's New 20 Year NNN Lease
• North Carolina
• Price: $2,080,000
• CAP: 7.50%
• New 20 Year NNN Lease
• Zero Landlord Obligations
• Scheduled Increases in Rent
• Sale/Leaseback Opportunity
Thu, 11 Aug 2011 15:14:14
Property #ST1211 Current list
• NNN Chase Bank For Sale
• Texas
• Downtown location
• Price: $2.12 Million
• Cap Rate: 5.75%
• Building Size: 3,530 SF
• Year Built: $2008
• Lease Type: NNN
• 10 Year NNN Lease Guaranteed by JP Morgan Chase with S&P Credit Rating of "A+"
• No Remaining Kick-out Clauses Apply
• Option Periods Allow for 10% Rental Increases
• Traffic Counts Exceeding 144K VPD and 25K VPD
• Strong Medical Community with 11+ Hospitals, Children's Hospitals, Rehab and Research Centers
• Local Workforce Exceeds 3M People and is Expected to Exceed 7M within 15 Years
Thu, 11 Aug 2011 15:10:54
Property #ST1210 Current list
• Walgreens - Opened and Paying Rent
• Just $750,000 Down Earns 18% Return Year 1 2nd 32% Return Over 24 Years
• Relocation of a high sales volume store
• Great corner with over 53,000 cars per day
• "Main & Main" location with great retail trade area
• Located in a relatively affluent suburb
• Important strategic location for Walgreens
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody's Aa3)
• New construction, 75 year NNN lease
• Zero management responsibilities
• Price: $5,700,000
• CAP: 6.50%
• Annual Income: $370,000
• Rent Increases: None
• Debt: Buyer to obtain new loan
• Year Built: 2010
• Bldg Size: 14,754 square feet
• Lot Size: 2.4 acres
Thu, 11 Aug 2011 16:33:21
Property #ST1209 Current list
• ABRA Auto Body For Sale
• Colorado
• Tenant/Investment: ABRA Auto Body
• Guarantor: ABRA, Inc.
• Credit: Private
• Building Sq. Feet: 17,950
• Lot Size: 2.30 Acres
• Sale Price: $ 3,284,054
• NOI: $ 279,144.60
• Cap Rate: 8.50%
• Rent Adjustments: Years 3-5: $279,144.60
• Years 6-10: $293,101.83
• Years 11-15: $307,756.92
• Price/Sq. Foot: $ 182.96
• Rent/Sq. Foot: $ 15.55
• Rent Commencement: September 2008
• Lease Expiration: October 2023
• Lease Term (Years): 15
• Lease Type: NN
• Yr. Built/Renovated: 2008
• Options: Three 5-year options with 5%
• Increases: Increases each option period
Thu, 11 Aug 2011 10:29:01
Property #ST1208 Current list
• BIG 5 SPORTING GOODS FOR SALE
• Colorado
• Offering Price: $2,038,800
• Cap Rate: 7.50% Investment Highlights:
• Free-standing Big 5 Sporting Goods store located
• 15-year initial lease term (10 years remaining)
• NNN, with landlord responsible only for repairs to the roof and structure
• 10,032 square foot building situated on approximately 1.0 acre
• Traffic counts on Main Street directly in front of the property are 28,600 vpd
• Located is located 37 miles from Denver and 16 miles from Boulder
• Located in a city suburb wiht a high concentration of tech service and data storage companies resulting in high growth and high average household income
• Average Household Income of $75,000 with approximately 85,000 residents
• Tenant/Guarantor: Big 5 Sporting Goods
• Rent Commencement: January 2006
• Base Term: 15 years
• Renewal Options: Four, 5-year options
• Building Size: 10,032 SF
• Land Area: 1.0 Acre
• Parking: 42 Spaces
• Construction: Masonry / Brick
Annual Rent:
• Years..........Annual
• 1 - 10.........$152,911 (Current)
• 11 - 15.......$168,202
• Option 1......$185,023
• Option 2......$203,525
• Option 3......$223,878
• Option 4......$246,265
Expenses:
• NNN - Landlord is responsible for roof & structure
Big 5 Sporting Goods
• The Big 5 Sporting Goods (NASDAQ: BGFV) is a sporting goods retailer headquartered in El Segundo, California. They are a leading sporting goods retailer in the western United States, operating 384 stores in 11 states under the "Big 5 Sporting Goods" name. The store was founded in 1955 with five California located Army-Navy surplus stores, hence its name. Steven G. Miller is the Chairman, President and CEO.
• Big 5 Sporting Goods provides a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet. Their product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, snowboarding and in-line skating. Big 5 grew bigger in 2007 with the addition of more than 20 new stores, and another 14 new stores in 2008. Over the past six years, they have opened 111 stores, an average of approximately 19 new stores annually, of which 2/3 of the new stores were outside of California. In order to accommodate its growth, Big 5 opened a new distribution center in Riverside, California, in 2006.
• As of January 2010, Big 5 Sporting Goods Corporation (NASDAQ: BGFV) had total revenue of $895 million and a net worth in excess of $131 million.
Thu, 11 Aug 2011 08:47:14
Property #ST1207 Current list
• NNN Taco Bell For Sale
• Colorado
•
• PROPERTY HIGHLIGHTS
• Build-to-suit in 1997
• 1.19 Acre Site
• Major Retail Corridor
• Well Maintained
• Fully NNN - No Landlord Responsibilities
• Cost-Segregation Study Accelerates Depreciation essentially eliminating Tax Liability for 9 Years!
• PRICE: $1,900,000
• CAP RATE: 7.75%
• NOI: $147,262.50 (Blended)
• SQ FT: 2,149
• Four 5-Year Options
•
• TENANT OVERVIEW
• General Information
• Global Leader in Mexican-Style Food
• Same Store Sales Profit Growth of 3%
• 5,200+ Taco Bells in US alone
• 2nd most profitable brand behind McDonalds Franchisee
• Multi-Site Operator
• Twenty Three Years in Business - Thirteen at this location
LEASE TERMS
• Primary: September 8, 2004 to September 30, 2019
• 1st option (5 yrs) October 1, 2019 to September 30, 2024
• 2nd option (5 yrs) October 1, 2024 to September 30, 2029
• 3rd option (5 yrs) October 1, 2029 to September 30, 2034
• 4th option (5 yrs) October 1, 2034 to September 30, 2039
Rent Increases....................Annual Rent................Monthly Rent
• Current (2011-2014)............$138,600.00...............$11,550.00
• 10/1/2014-9/30/2019...........$152,460.00...............$12,705.00
• 1st option (5 yrs)..................$167,706.00...............$13,975.50
• 2nd option (5 yrs).................$184,476.60...............$15,373.05
• 3rd option (5 yrs)..................$202,924.26...............$16,910.35
• 4th option (5 yrs)..................$223,216.68...............$18,601.39
Thu, 11 Aug 2011 07:12:31
Property #ST1206 Current list
• Rite Aide Portfolio
• Maryland
• All properties are triple net leased to Rite Aid and must be purchased as a package.
• In each of the properties, the annual rental income equals the annual debt service payment.
• The properties are cross-defaulted, crosscollateralized, and self-liquidate when the leases expire in 2019.
• 4 Freestanding Retail Buildings - 3 locations
• Eight years remain on the absolute net bondable leases with no landlord expense or management responsibilities
• Eight years remain on the fully self amortizing, non-recourse debt, allowing for minimal equity investment
• Price allowing for minimal equity investment while providing rapid equity buildup due to the rapid amortization
• High leverage, zero cash flow structure
• Lease guaranteed by Rite Aid Corp
• 2 Stores are occupied by Rite Aid
• 1 Store is subleased to Family Dollar
• 1 Store is subleased to Save Land Food Mart
• All Stores are guaranteed by Rite Aid Corp.
• Loan Balance to be Assumed: $3,260,000 as of April 2011
• Purchase Price: $6,041,000
• Contract Assumption Fee: $200,000
• Transaction Costs: $100,000
• Total Acquisition Cost: $6,341,000
Loan Information:
• Interest Rate: 7.32%
• Annual Debt Service: $543,701
• Loan Maturity: March 10, 2019
Financial Information:
• Purchase Price Cap Rate: 9.0%
• NOI: $543,701
Lease Information:
• Expenses: Absolute Bondable NNN Leases
• Lease Start: February 28, 1997
• Lease End: February 28, 2019
• Renewal Options: 4 (5) Year
Thu, 11 Aug 2011 07:11:59
Property #ST1205 Current list
• Single Tenant TIC Investment
• Oregon
• Minimum Investment Amount: $25,000
• NNN Structure (landlord only responsible for roof and structure)
• 24 Hour Fitness Super-Sport in Portland MSA
• Cap Rate: 8.81%
• Total Offering Size: $5,520,000
• Purchase Price: $14,620,000
• Loan: $9,100,000
• Loan-to-value: 62.24%
• Anticipated Loan Terms: 6.94% fixed, 10-years, 25-year amortization 15 year corporate guaranteed lease runs through August 15, 2025
• 15 year corporate guaranteed lease runs through August 15, 2025
• Three 5-year extension options with fixed rate rental increases of 12% during each option period
• 7.0% rent increase in 2012. 12.0% increase in 2015 and every 5-years thereafter
• 24 Hour Fitness USA, Inc. is the world's largest privately-owned and operated fitness center chain with over 400 locations in 17 states and 3 countries
• The company boasts more than 3.8 million members and over $1.25 billion in annual revenue. It was ranked #1 in Club Industry's Top 100 list and has been on Forbes Top 500 largest private company list multiple times
• The property is a 45,172 square foot facility, built in 2010 and located in the a densely populated Portland suburb.
• There are 202 parking spaces
• 3,000 new residential units have been built within proximity to the property within the last 10 years.
• Currently, over 137,000 people live within a 3-mile radius of the property.
• Average household income is $92,807 within a 1-mile radius.
• Located in the fourth largest city in the Portland MSA and the fifth largest in Oregon
• The property is serviced by bus and light rail, and daily traffic counts are over 110,000
Wed, 10 Aug 2011 14:03:03
Property #ST918 Current list
• NNN Rite Aid - PRICE REDUCED
• New York
• Two Different Purchase Options: Assumable Non-Recourse Debt at 10% CAP or Purchase Debt Free at 9.50% CAP
• Price: $2,640,000 (With Assumption) - 10.34% CAP Rate
• Alternative Price: $2,775,000 (No Assumption of Current Debt) - 9.87% CAP Rate
• Main Retail Corridor in NY
• Long-Term NNN (Over 8 Years of Original Term Remain) Corporately Guaranteed Lease
• Assumable Financing in Place or Purchase Without Assumption of Current Debt
• One of the Nation's Leading Drug Store Chains and Largest Drug Store Chain on the East Coast
• Main Retail Corridor of the City - Surrounded by a Heavy Concentration of Residential Homes and Retailers
• Centrally Located Between All Major Metropolitan Areas in New York
• Easy Access with Great Visibility at a major Corner
• The 10,908 square foot property is optimally located at a main intersection.
• The Rite aid is strategically positioned on the main retail corridor and is surrounded by a heavy concentration of residential homes and retailers.
• The freestanding building was built in 1999 to accommodate its single tenant (Eckerd's at the time, however Eckerd's has since been bought out by Rite Aid), who hand-picked this particular location for the necessity of their services to the surrounding residential community.
• The featured Rite Aid is also positioned within a few blocks from a Hospital, which serves the entire county, and is a convenient option for picking-up and dropping-off prescriptions for the patients coming and going from the hospital.
• Rite Aid is one of the nation's leading drug store chains and is the largest drug store chain on the east coast.
• Rite is on a Triple Net (NNN) Lease, has approximately 8 years of original term remaining and is corporately guaranteed.
• In a rural town customers feel the ease and convenience of this Rite Aid.
• Located in the middle of three streets, the property is easy to get to and provides one-stop shopping for many of its customers.
• The property is being offered with two different purchase options.
• The first option is with assumable, non-recourse financing.
• The debt is fully-amortizing and matures in July of 2019 on a zero cash flow basis.
• The structure of the current loan gives an investor the ability to achieve great equity in the property without the taxable income today.
• Alternatively, a buyer can purchase the property free-and-clear without assumption of the current debt.
• Offered at $2,730,000 (with assumption), representing a 10.00% CAP Rate, or $2,885,000 (no assumption of debt), representing a 9.50% CAP Rate; an investor has the opportunity to acquire an exceptionally stable tenant in an economically strong, developed area.
• Additionally, the property offers a great advantage with the Option Periods having rental increases every five years.
Wed, 10 Aug 2011 11:17:33
Property #ST1017 Current list
• Best Buy
• Wisconsin
• Price: $6,728,446
• CAP: 6.50%
• Can be purchased individually or as a portfolio with the below Best Buy
• Net Lease Structure
• Corporate Guarantee
• NYSE: BBY
• S&P Rated BBB- Investment Grade Credit
• Scheduled Increases in Rent
• Smaller Best Buy Footprint - 30,376 SF
• Adjacent Retailers Include Home Depot, Target, Walmart Supercenter, and Sears
• Located Just off of Highway
Wed, 10 Aug 2011 11:08:37
Property #ST993 Current list
• Best Buy
• Colorado
• Price: $4,076,923
• CAP: 6.50%
• Can be purchased individually or as a portfolio with the above Best Buy
• Net Lease Structure
• Corporate Guarantee
• NYSE: BBY
• S&P Rated BBB- Investment Grade Credit
• Scheduled Increases in Rent
• Smaller Best Buy Footprint - 20,044 SF
• Adjacent Retailers Include Kohl's, Bed Bath & Beyond, and Old Navy
• Located Just off of Interstate North of a Mall
Wed, 10 Aug 2011 11:08:37
Property #ST1204 Current list
• Walgreen Property For Sale
• Illinois
• Price: $2,937,500
• Cap Rate: 8.00%
• Net Operating Income: $235,000 (Excluding standard double net lease expenses)
• Rental Escalations: None
• Renewal Options: Eight 5-Year
• Lease Commencement Date: October 12, 1996
• Lease Expiration Date: October 31, 2016 (Actual lease expires on October 2056 with termination options starting October 2016)
• Year Built: 1996
• Lease Type: NN (roof, structure, parking lot replacement)
• Rentable Square Feet: 13,905
• Land Acreage: 1.6 Acres
• Percentage Rent: 2% of gross sales (not including food and prescriptions), 0.5% gross sales (food items), 0.5% gross sales (prescription items. Excludes cer tain third par ty prescription plans).Percentage rent shall only apply if the above exceeds the NOI in any calendar year.
Portfolio Option:
• The property can be bought individually or as a combination with some or all of the assets
• below.
• Tenant................State........CAP.................Price
• Walgreens..........IL.............8.00%..............$2,937,500
• Walgreens..........IL.............8.00%..............$3,450,000
Walgreens..........IL.............8.00%..............$3,462,500*
• 3450000
• 8.0% cap rate
• Above average store sales
• Affluent area with average household income over $127,000
• Located in the Chicago MSA
Walgreens..........IA.............8.00%..............$4,387,500
• Price: $4,387,500
• CAP: 8.0%
• Above average store sales
• Investment grade company
• Located at a signalized intersection
Wed, 10 Aug 2011 10:50:05
Property #ST1203 Current list
• Rally's Hamburgers For Sale
• Ohio
• Parent Company Guaranteed Rally's
• Long Term Lease that includes Annual Rent Increases of 1.5% Each Year
• The property is located approximately 22 miles from Toledo, OH
• This is a Hard Corner Location
• It is RARE to find Corporately Guaranteed Leases in this price range
• Motivated Seller
• PURCHASE PRICE: $699,428
• CAP RATE: 7.00%
• LEASE COMMENCEMENT: June 20, 2006
• LEASE EXPIRATION: June 30, 2026
• LAND SIZE (SF): 11,650
• BUILDING SIZE (SF): 694
• RENEWAL OPTION: Two (2) Ten (10) year options
• YEAR BUILT: 1993
• ANNUAL RENT: $48,960
• RENT INCREASES: 1.50% increases beginning Lease Year 6 and every Lease Year thereafter
• GUARANTOR: Lease is guaranteed by Checkers Drive-In Restaurants, Inc.
•
• TENANT INFORMATION:
• Checkers Drive-In Restaurants, Inc. is the largest double drive-thru restaurant chain in the United States. Checkers develops, produces, owns, operates, and franchises quick service "double drive-thru" restaurants under the two brand names "Checkers" and "Rally's Hamburgers®". Checkers Drive-In Restaurants, Inc. and its Franchisees own and operate 815 restaurants comprised of Checkers restaurants located primarily in the Southeastern United States, and Rally's Hamburgers restaurants located primarily in the Midwestern United States.
• SITE HIGHLIGHTS:
• Rally's is located on a corner lot on a corner. Predominant land uses in the local market include a University 1 mile southeast of site, Kroger Center, a Mall anchored by Sears and Elder-Berman, Arby's, Taco Bell, Burger King, McDonald's, Wendy's, Dairy Queen, KFC and Big Boy. Supportive single family and multi-family residential developments are located in adjoining neighborhoods.
Tue, 9 Aug 2011 16:37:45
Property #ST1202 Current list
• Starbucks
• California
• LEASEHOLD INTEREST
• Price: $821,000
• CAP: 7.50%
• Corporate Starubucks Lease Recently Extended Through January 2017
• 10% Rental Escalation in February 2012
• Dense Infill Bay Area Locaiton
• Outparcel To The Home Depot
• Strong Visibility & Access
• Convenient Location Off Interstate
Tue, 09 Aug 2011 16:57
Property #ST1201 Current list
• Family Dollar
• Colorado
• Primary Lease Term Expires Janurary 31, 2022
• 5 - 5 Year Options
• Current Rent: $107,000/year
• 10% increase beginning February 1, 2017
• Rent Increase: $117,700/year
• 10% increase every 5 years
• List Price: $1,337,500
• CAP Rate: 8.0%
• Rent: $107,000/Year
• GLA: 10,150 SF
• Land SF: 44,850 SF
Tue, 9 Aug 2011 12:00:59
Property #ST1200 Current list
• Family Dollar
• Colorado
• Primary Lease Term Expires Janurary 31, 2022
• 5 - 5 Year Options
• Current Rent: $94,000/year
• 10% increase beginning February 1, 2017
• Rent Increase: $104,500/year
• 10% increase every 5 years
• List Price: $1,175,000
• CAP Rate: 8.0%
• Rent: $94,000/Year
• GLA: 8,000 SF
• Land SF: 75,164 SF
Tue, 9 Aug 2011 12:00:59
Property #ST1199 Current list
• Washington, DC Private Club
• Joint Venture Partnership
• Seeking Minority Partner investing $2,050,000 in the acquisition of a building and part ownership in a Private Upscale Business Club with dining, catering, facility rental, and membership revenues in downtown Washington, DC.
• JV Partner - will acquire through this transaction, 50% ownership in the business and 25% ownership in the building at closing
• Acquisition Cost - $8,500,000 for 19,600 SF Office building with 17% occupancy. The club will absorb roughly 50% occupancy yielding a remaining vacancy of 34% after club start-up. This vacancy (6,800 SF) will present future income after being rented.
• Projections - Building payoff in 8 years with annual debt service of $1,062,500 at 12% interest. To find more favorable terms the ownership will seek to renegotiate the interest rate if possible. A Hard Money Lender will provide the financing for this project. A Tenant Improvement Allowance for the Club's space (9,900 square feet) has been estimated at $125 per square foot.
• Dividends - Partner will receive $8,346,000 in projected dividends over 10 year span; with gradual payout from total profit in years 1-3 (up to 50%), in years 4-6 (up to 70%), and in years 7- 9 (up to 80%) payout. Profit sharing will be based on revenues over $2.0 million.
• Building Income Projections (Partnership Share 25%) with a 67 percent occupancy:
• Year 1: $125,000
• Year 2: $501,600
• Year 3: $516,000
• Year 4: $532,147
• Year 5: $548,111
• Year 6: $564,555
• Year 7: $581,491
• Year 8: $598,936
• Year 9: $616,904
• Year 10: $635,411
• Business Income Projections (Partnership Share 50%)
• Year 1: $520,000
• Year 2: $1,300,000
• Year 3: $1,560,000
• Year 4: $1,820,000
• Year 5: $2,080,000
• Year 6: $2,155,000
• Year 7: $2,496,000
• Year 8: $2,704,000
• Year 9: $2,912,000
• Year 10: $3,120,000
• Membership Drive - The goal in the 1st year is to sign 2600 members at a price per month of $50.00 for a standard membership; this will represent ¼ of the business' revenue.
• Dates - Building Acquisition closes in September 2011; Construction and Preliminary Scope of Work September 2011 - August 2012. Grand Opening October 2012.
Tue, 9 Aug 2011 14:51:39
Property #ST1198 Current list
• Walgreens
• Tennessee
• Price: $4,894,400
• CAP: 6.75%
• Long Term NNN Walgreens
• Zero Landlord Responsibilities
• S&P Rated A Investment Grade Credit
• Located on Heavily Trafficked Intersection
• Adjacent to A Major University
• Desirable Neighborhood
Tue, 9 Aug 2011 13:48:01
Property #ST1197 Current list
• Rocky Mountain Walgreens For Sale
• Colorado
• Very rare Mountain West Walgreens
• Stong Sales Performance
• Established neighborhood with new growth
• Low rent and purchase price
• ~10 years of remaning lease term
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody's Aa3)
• NN Lease Structure
• Unique opportunity to buy a Walgreens with a lower rent, for a lower purchase price, in a terrific area.
• Established location, strong sales performace and an important strategic location for Walgreen.
• Convienent location on a corner of two of the major arterials for this section of town.
• Price: $5,464,000
• CAP: 7.75%
• Annual Income: $423,500
• Debt: Buyer to obtain new debt at market.
• Year Built: 2000
• Bldg Size: 15,120
• Rent Start Date: July 1, 2000
• Rent Increases: None
• Lease Term: 75 years
• Options: Starting in year 21 Tenant has 8 x 5 year options.
• Landlord Responsibilities: Roof & Structure. NN Walgreens lease.
Tue, 9 Aug 2011 13:11:53
Property #ST1127 Current list
• Office Depot
• Florida
• Investment Highlights
• Across from a Hospital.
• 1.68 Acre Corner Site at Signalized Intersection.
• Just 0.5 Miles West of a major Interchange.
• 5 Mile Population of 92,711 Residents.
• Neighboring Tenants Include Home Depot, Wal-Mart Supercenter and LA Fitness.
• Site Overview
• Investment opportunity on the southeast corner of signalized intersection
• Only 0.5 miles west of a major Interstate Highway that is situated in this City's retail node, where neighborhing retailers include Home Depot, WalMart Supercenter, Lowe's Home Improvement, Publix Supermarket, Bealls, Kmart, Target, Khol's and many more.
• The property is positioned in the County's "hotbed" of commercial development, where the Hospital (located across the street) and several hospitality sites can be found.
• Price: $3,309,473
• Cap Rate: 9.50%
• Price/SF: $161.61
• NOI: $314,400 (July 2011)
• Rentable Building Area: 20,478 SF
• Year of Construction: 2000 (Build to Suit)
• Land Size: 1.68 Acres
• Lease Type: Double Net (NN)
• Landlord Responsibilities: Foundation, Roof, Exterior Walls
• Rental Summary
• Tenant Legal Name:: Office Depot, Inc.
• Lease Commencement: June 2001
• Lease Expiration: June 2016
• Renewal Option: Three (3) - Five (5) Years
• Rent Increases: 10% Every Five (5) Years
• Right of First Refusal: None
Tue, 09 Aug 2011 17:02:35
Property #ST1196 Current list
• Corporate Moto Mart
• Missouri
• Purchase Price: $3,228,266
• Cap Rate: 7.5%
• Building Size: 4,141 SF
• Lot Size: 1.5 Acres
• Lease Term: 20 Years
• Year Built: 2009
• Lease Type: NNN
• Corporate Guarantee- 75 Locations
• Just Off of Interstate-370-High Traffic Counts
• Accelerated Depreciation Benifits
Date: 9 Aug 2011 10:14:37
Property #ST1195 Current list
• Tractor Supply Company Current list
• Immediate Equity/Take-out needed
• New England deal
• Developer looking for approximately $100K +/- equity infusion (site work estimates over budget) and take-out upon rent commencement.
• Outside rent commencement 2/2012, but could be this fall.
• 15 year fully executed lease with TSC
• ATM lease
• Future development potential 4,000 SF - 6,000 SF range
• Site plan approvals in hand
• Construction financing in-place
• Deal is shovel ready
• 8% cap rate
Tue, 9 Aug 2011 08:15:17
Property #ST1194 Current list
• CITIZENS BANK OFFICE BUILDING
• OHIO
• 10-YEAR INITIAL LEASE WITH CITIZENS BANK
• 9.73% RENT BUMP IN 2014
• Type: 2-Story Office
• Size: 19,850
• Price: $4,199,000
• Cap Rate: 8.50%
• The subject investment is a 100% occupied 19,850 square foot Class "A" Office Building. Citizens Bank (NASDAQ: CRBC) occupies 69.22% of the total GLA with a 10-year lease that commenced on 11/1/2008 and expires on 10/31/2018. Citizens Bank occupies 10,120 square feet of office space in addition to 3,620 square feet for a retail bank branch and drive-thru. Citizens Bank has a 9.73% rent increase in November, 2014. Citizens Bank is a diversified financial services company serving communities in Michigan, Ohio, Wisconsin and Indiana with 220 offices and 249 ATMs.
• Citizens is the largest bank holding company headquartered in Michigan with roots dating back to 1871 and is the 55th largest bank holding company headquartered in the United States. The subject property is located just 1-mile from the 630 Acre Chagrin Highlands Corporate Community. Located within Chagrin Highlands is the brand new $300M University Hospitals Ahuja Medical Center. In addition, Eaton Corporation, a Fortune 500 Company has started construction on a brand new $170M World Headquarters.
• The 580,000 square foot facility will be home to approximately 1,000 employees. The area also boasts numerous hotels and retailers including a Hampton Inn, Cleveland Marriott East, Extended Stay, Bahama Breeze, Chipotle, Abuelo's Mexican Restaurant, Red Robin, Bed Bath & Beyond, Olive Garden, DSW, Office Max, Panera Bread, and Value City Furniture to name a few. Located directly on the heavily traveled Interstate corridor in a Cleveland, Ohio suburb. Over 150,000 vehicles travel on this exchange every day.
Mon, 8 Aug 2011 12:08:30
Property #ST1193 Current list
• Walgreens Pharmacy For Sale
• Indiana
• Newer store with sales volumes well above average
• Walgreens has been operating at site for 25 years
• Favorable self-amortizing loan MUST be assumed
• Requires $2,000,000 down
• Loan paid off 2027; firm lease term runs thru 2031
• Minimal net cash flow
• Significant principal reduction; strong equity buildup
• 5.22% return on cash over term
• 20 years of firm lease term remaining
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody's Aa3)
• NNN lease with zero management responsibilities
• Price: $4,356,000
• CAP: 6.55%
• Annual Income: $285,285
• LOAN MUST BE ASSUMED:
• While the cash flow is nominal, the principal reduction of the loan is significant.
• Net Cash Flow: $48,534 Annually
• Loan Balance October 15, 2011: $2,346,742
• Average Monthly Principal Reduction in 2012: $7,905.33 per Month
• Approximate 2012 Total Return Cash Flow plus Principal Reduction: $143,398
• 2012 Return on Equity is 7.14%
• MOST SIGNIFICANTLY:
• Loan is paid off in full in 2027 and property is owned free and clear. Firm lease term runs through 2031.
• Rent Start Date December 1, 2006
• Rent Increases None
• Lease Term 75 years
• Options Starting in year 26 Tenant may terminate lease every five years.
• Landlord Responsibilities None. Lease is truly triple-net (NNN). Zero landlord cost exposure.
Mon, 8 Aug 2011 15:54:55
Property #ST1192 Current list
• RITE AID PHARMACY FOR SALE
• Ohio
• 19 YEARS REMAINING ON LEASE
• 10% RENT INCREASE IN YEAR 11
• STORE RELOCATION
• ABSOLUTE NNN LEASE
• Size: 11,157
• Price: $4,790,000
• Cap Rate: 9.40%
• This investment is a Absolute NNN lease with Rite Aid Corporation commencing in 2010 and has 19 years remaining on the lease. This was a re-location from an existing Rite Aid with strong sales. Located in a major MSA of Ohio encompasing many counties. The average household income exceeds $92,000.
Mon, 8 Aug 2011 08:31:30
Property #ST988 Current list
• Rite Aid Pharmacy Current list
• Ohio
• Price Reduced: 10% Cap
• 18 Years Remaining On Lease
• Financing Available
• Size: 14,564
• Price: $4,265,000 $4,223,000
• Cap Rate: 10.00% 10.10%
Mon, 8 Aug 2011 08:31:30
Property #ST1191 Current list
• Rabobank Portfolio
• California
• Institutional Quality Asset
• Long Term Absolute Net Leased Structure
• Annual 3% Rental Increases
• Zero Landlord Responsibilities
• Parent Company Rated S&P: AAA / Moody's: Aaa / Fitch: AA+
Rabobank N.A. Current list
• Price: $4,601,739
• CAP: 5.75%
Rabobank N.A.
• Price: $4,355,878
• CAP: 5.75%
Rabobank N.A.
• Price: $2,231,287
• CAP: 5.75%
Rabobank N.A. Current list
• Price: $1,707,095
• CAP: 5.75%
Mon, 8 Aug 2011 08:13:04
Property #ST1190 Current list
• Portfolio of Rite Aids for sale.
• Individual stores are available.
• All relocation stores in New England on Main-on-Main corners.
Sun, 7 Aug 2011 14:29:11
Property #ST1036 Current list
• California
• Price: $20,833,333
• CAP: 6.00%
• Long Tern NNN Lease
• Corporate Guarantee
• NYSE: WMT
• S&P Rated AA Investment Grade Credit
• Zero Landlord Obligations
• Scheduled Increases in Rent
• Adjacent To a GGP Mall - Macy's, Sears, JCPenney, & Target
• Nearby Retailers Include Kohl's, Costco, TJ Maxx, Office Depot, & Staples
• Located Just off of Interstate - One of the Area's Busiest Freeways
• The subject offering is a rare absolute NNN lease with Walmart.
• The initial 20 year lease commenced in 2005.
• There are fifteen 5 year renewal options with increases.
• There is a scheduled 10% increase in rent in 2015.
Fri, 5 Aug 2011 15:37:41
Property #ST1100 Current list
• Single Tenant University
• Tennessee
• Ten (10)-year primary term with two (2) five-year options
• Rent commenced May 13, 2009
• Approximately two percent (2%) annual increase
• NN - Landlord is responsible for roof, structure.
• Tenant pays for taxes, insurance and maintenance
• Price: $5,177,000
• Net Operating Income $414,160
• Capitalization Rate: 8.0%
• Total Rentable Area: 20,000
• Tenant has 90 campuses in some 20 states and is NASDAQ traded
Fri, 5 Aug 2011 14:13:17
Property #ST1190 Current list
• Pep Boys Auto For Sale
• Texas
• Absolute NNN Corporate Lease
• Price: $1,846,000
• CAP: 6.50
• Lease Term: 10 years
• Lease Type: NNN
• Rental Increases: 10% Rent Bumps Every Five Years
• Building: 6,966 sf
• Land: 30,000 sf
• Year Built: 1999
Fri, 5 Aug 2011 12:11:03
Property #ST1189 Current list
• Walgreens
• Colorado
• Price: $5,464,000
• CAP: 7.75%
• Major metro market with dense population
• Over 256,000 people within 5 miles
• Net lease with minimal landlord responsibilities
• Strong and consistent sales meet Walgreens national average
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody's Aa3)
• Very rare Mountain West Walgreens
• Stong Sales Performance
• Established neighborhood with new growth
• Low rent and purchase price
• ~10 years of remaning lease term
Wed, 10 Aug 2011 19:51:45
Property #ST1072 Current list
• Walgreens - LEASEHOLD
• Washington
• Price: $4,895,000
• CAP: 7.60%
• Urban infill with very dense population
• 18,817 people within one mile
• 210,964 people within five miles
• Washington has no state income tax
• 9+ years of firm term remain
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody's Aa3)
• Minimal management responsibilities
• Price: $4,895,000
• CAP: 7.60%
• Annual Net Income: $372,000
• Rent Increases: None
• Debt: Free & clear.
• Year Built: 2000
• Bldg Size: 14,550 SF
• Tenant Walgreens (NYSE:WAG)
• Rent Start Date: August 1, 2000
• Rent Increases: None
• Lease Term: 60 years
• Termination Options: Every 5 years beginning July 2020 subject to 12 month written notice.
• Landlord Responsibilities: Minimal. Standard WAG NN lease. Roof and structure.
• Demographics ......1 mile........ 3 mile ........5 mile
• Population ...........18,817 ........95,336 ......210,964
• Avg. HH Income ...$40,742 ......$43,684 ....$48,86
Wed, 10 Aug 2011 19:51:45
Property #ST1082 Current list
• Walgreens
• Texas
• Price: $4,225,000
• CAP Rate: 8.00%
• Annual Income: $338,000
• Rent Increases: None
• Lease Commenced: June 1, 2000
• Primary Term Expiration: May 31, 2020
• Original Lease Term: 20 years
• WAG may terminate lease every 5 years with 6 months notice.
• Lease Type: NN lease with minimal landlord responsibilities.
• Building SF: 15,120
• Year Built: 2000
• Proven performing Walgreens
• Walmart across the street
• Texas has no state income tax
• Customer base is 95% Hispanic
• 9 years firm term remain on NN lease
• Higher yield opportunity than on new NNN lease
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody's Aa3)
• Zero management responsibilities
• Tenant has 8 x 5 year options
Wed, 10 Aug 2011 19:51:45
Property #ST1188 Current list
• Prime retail site sitting between a Lowe's and a Home Depot.
• Phoenix, Arizona Suburb
• Great opportunity to get in early as a land owner for a future net lease property in a very strong location.
• Once purchased, there is a very strong chance that Trader Joe's may want this site.
• The property is the most desirable property located in the area.
• The location recently attracted the 3rd largest retail company in the world (Tesco / Fresh and Easy). Tesco is the european equivalent to Walmart in size. The State Banking Regulators seized the lender in the middle of 1st phase loan, designed to support a $1.9M Fresh and Easy (http://www.freshandeasy.com) (parent company Tesco http://www.tesco.com ) contract that took 2 years to secure through contract negotiations as well as final city approval.
• The property is currently held in state receivership.
• The Only Offer that will be accepted by the trustee is $1.350,000 on the existing note of $3,546,119.75 plus tax delinquencies of 65K - 80K.
• The receivership status is the result of an entrapped loan originating as a 1.75m acquisition loan, progressing to a 1st phase $3.5m dollar loan, 2nd phase $7.5M dollar loan final phase $10M dollar permanent loan.
• There are a large number of folks waiting around, hoping this property goes to auction. The astute investor will realie that they should jump on this NOW. Value will not be found in attempting to purchase at auction. Value will be in partnering with the owner and taking advantage of their staying power in this deal, as well as the entitlements that they have worked so hard to gain.
Fri, 05 Aug 2011 19:25:43
Property #ST970 Current list
• Mattress Firm
• Tennessee
• New Long-Term Lease to National Company
• Price: $1,732,000
• CAP: 7.85%
• New corporate 12 year lease
• 10% rental increases in year 5
• 2011 construction
• Outparcel to a 415,000 sf Power Center including Target, Kohl's,PetSmart, Staples and Ross
Thu, 04 Aug 2011 20:18:24
Property #ST952 Current list
• IHOP
• New Mexico
• Brand New, 20-Year Absolute NNN, 10% Bumps Every 5-Years
• Bldg Area: 4,500 sq. ft.
• Land Area:1.0 Acre
• Lease Type:NNN
• Price: $3,590,000
• Yield: 7.25 (CAP)
• Lease Exp: 7/1/2031
• New, 20-Yr Absolute NNN w/ 10% Bumps Every 5-Yrs
• IHOP: 1,500+ Locations Throughout North America (all 50 States)
• Tenant: Largest NM Franchisee | High Net Worth Personal Guarantee
• 3,300 Homes nearby
• Traffic - 26,000 CPD
• Between Retail Corridor & New Hospital | Across from Elementary School
• Hospital: 66 Acre Campus | Opens Q4 2011 | Employees 600+
• Near Wal-Mart, Premiere Cinemas, Walgreens, True Value, Dollar Tree, Goodwill
• Population: 87,521: Fastest Growing City in NM (2000 - 2010 69% Growth)
• Home to Largest Semiconductor Plant in the World - Intel's $2 Billion FAB 11X
• Local Employers: Intel, Hewlett Packard, B of A, U.S. Cotton, Lectrosonics
• Ranks Top 100 Places to Live - Money Magazine (2005, 2006, 2010)
Thu, 4 Aug 2011 14:03:21
Property #SEN158 Current list
• 40 Unit Assisted Living Facility
• A Net Lease Investment Opportunity
• Wisconsin
• Net leased investment opportunity with several features that investors will find attractive:
• Ten year net lease with 2% annual rent escalators and minimal landlord responsibility
• Property is a 40 unit assisted living facility serving rapidly growing elderly population
• Facility built in 2004 is priced at or below replacement cost
• 40-unit assisted living facility built in 2004
• The property is operated by an assisted living management company, under a long-term net lease.
• This property offers a real estate investor a passive income and growth opportunity in the rapidly expanding senior care market.
• The property is broker/licensee owned.
Property Highlights
• Price: $3,600,000
• Units: 40
• Price per bed: $90,000
• Square feet: 36,085
• Price per SF: $100
• Capitalization rate: 9.2%
Property Description
• The property is an assisted living facility licensed for 40 residents. The facility provides
• housing and supportive services to elderly residents.
• Unit mix
• 22 one-bedroom RCAC units, 500 SF
• 6 two-bedroom RCAC units, 750 SF
• 12 studio CBRF units
Wed, 10 Aug 2011 12:00:44
Property #ST1187 Current list
• Jared Jewelers Net Lease - LEASEHOLD INTEREST
• Louisiana
• Price: $1,915,789
• CAP: 9.50%
• New 20 Yr NNN Lease with 10% Increases
• Strong Tenant with Over 1,400 Locations
• New 2011 Class A Construction
• Outparcel to a Major GGP Mall
Wed, 3 Aug 2011 17:36:19
Property #ST1186 Current list
• RITE AID
• New York
• Price: $2,247,000
• Lease Term: 20 Years NN (Landlord responsible for roof & structure)
• Lease Commencement: June 1998
• Annual Rent:
• Years 1-20 $197,819
• 1st Option $208,813
• 2nd Option $219,873
• 3rd Option $230,933
• 4th Option $241,993
• 5th Option $253,053
• Cap Rate: 8.80%
• Building Size: 10,908 Sq. Ft.
• Built: 1998
• Store Sales - $6MM range (very strong for this tenant - approx $600 psf)
• Seller motivated. Bring offers
• Site: Located at a signalized intersection. The surrounding retail includes Quality Inn, Subway, Ponderosa Steakhouse, KFC, Pizza Hut, Super 8 Motel, McDonald's, Dairy Queen, Burger King, Domino's Pizza, J.C. Penney, Big Lots, Triple A Building Center,
• Dollar General, BJ's Wholesale, Sbarro, EconoLodge, Walmart and
• others. Casino located 13 miles from this Rite Aid site.
• Financing: Seller will deliver free of debt
Wed, 3 Aug 2011 15:45:22
Property #ST1185 Current list
• Corporate Verizon / FedEx
• Florida
• Tampa Investment Opportunity - Corporate Verizon / FedEx
• Year Built: 2007
• Purchase Price: $3,861,111
• Building Size: 6,500 SF
• NOI: $347,500
• Land Size: 0.85 AC
Wed, 03 Aug 2011 19:37:12