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Property #ST962. Request more information
• Net Lease Family Dollar
• North Carolina
• New Construction
• Price: $708,560
• Annual Rent: $62,000/ year (1st 10 years)
• Rent /SF: $7.75 (1st 10 years)
• Initial Cap Rate: 8.75%
• Commencement: June 1, 2010
• Lease Term: 10 years
• Type: NN
• Options: Five 5-Year Options
• Escalations: 10% for each 5-Year option period
• Guarantee:Corporate guarantee by Family Dollar Stores, Inc. www.familydollar.com
• Tenant Responsibilities: Real estates taxes, insurance, utilities, interior maintenance, parking lot & landscape maintenance, maintenance of doors and windows, HVAC and interior plumbing & electrical systems.
• Landlord Responsibilities: Roof, structure, and capital improvements to parking lot. Roof has 20-year manufacturing warranty.
• Rent Schedule: Years 1-10 $ 62,000 8.75% Cap Rate
• Option 1...... $ 68,200..... 9.63% Cap Rate
• Option 2...... $ 75,020..... 10.59% Cap Rate
• Option 3...... $ 82,522..... 11.65% Cap Rate
• Option 4...... $ 90,774..... 12.81% Cap Rate
• Option 5...... $ 99,852..... 14.09% Cap Rate
• ABOUT THE OFFERING: New construction Family Dollar, single tenant, net lease offering. This 8,000 SF, block & mortar building with glass storefront was completed in 2010. It sits on a 1.0 acre (+/-) lot just north of the intersection of two highways. The NN lease is corporate guaranteed for 10 years by Family Dollar with five 5-year options. Each option period features 10% increase in rents. This is an ideal investment for an investor looking for minimal landlord responsibilities, good real estate and a successful national credit tenant. The initial NOI is $62,000 annually.
• Date: 21 Jun 2011 07:51:15
Property #ST961. Request more information
• Party City
• Chicago, Illinois
• Free-Standing Party City
• Asking Price $2,280,000
• Cap Rate: 9.00%
• Excellent Chicago MSA Location
• Excellent access & visibility on busy 95th street
• National tenant with corporate guaranteed lease
• 100% leased by Party City for over 15 years
• Located in a densely populated area with over 337,000 people within a three mile radius and across from a Mall anchored by Bed, Bath & Beyond, Carson Pirie Scott, Kohl's, and Sears
• Tue, 21 Jun 2011 10:46:50
Property #ST960. Request more information
• Children of America
• Chicago, IL
• Long Term Triple Net Lease
• 2.5% Annual Rental Escalations
• 8.7% cap rate
• Located within the Chicago MSA
• 13 year lease term remaining
• 2009 Construction
• Date: Tue, 21 Jun 2011 09:00
Property #ST959. Request more information
• JP Morgan Chase Bank Branch
• Ohio
• Price: $1,050,000
• Net Operating Income: $70,035
• Cap Rate:6.67%
• Building Size: 2,360 sf
• Land: 1.07 acres
• NNN lease to JPMorgan Chase. Lease renewed for 5 more years as of Jan 1, 2012. Building has 2,360 sq ft plus 532 sq ft drive-thru on just over 1 acre of land.
• As of the 2010 census it had a population of 1,072,000.
• Date: 20 Jun 2011 23:51
Property #ST958. Request more information
• 2 Gas Stations (Phillips 66 & CITGO)
• Tennessee
• Price: $1,165,000
• Building Size: 3,800 sf
• Price/SF:$306.58
• This listing includes 2 Gas Stations across from each other. This is a package deal for Phillips 66 (with property), and CITGO (Business only, including all equipments)
• Phillips 66:
• $65,000-$70,000 inside sales/mo
• $55k-$60k Lottery sales/mo
• 35,000-42,000 gals fuel sales /mo
• Residual monthly income from ATM, Air & vacuums.
• Well maintained with new canopy cover, all new pump covers, all new paint & new digital signage.
• * New paint under canopy & new decals.
• * New pump toppers & pump skins.
• * New paint scheme on main building.
• * New paint on all curbs.
• * New paint on sign and replace with new logo.
• * New touch screen POS system that is PCI compliant.
• CITGO:
• $45,000-$55,000 inside sales/mo
• $55k-$58k Lottery sales/mo
• 35,000-45,000 gals fuel sales /mo
• Residual monthly income from ATM, Air & Vacuums
• It does not have a deli right now but there is a triple sink in the back to add a deli if wanted. The rent is $2500. Inventory can be financed for 3 months. Inventory is counted on the day of Sale (Inventory cost is separate from Asking price).
• All equipments over the ground & under the ground include the price
• Phillips 66 have a deli and the inside sales includes the deli. For the Phillips 66 the owner is willing to owner finance with 20% down. Inventory is counted on the day of sale (Inventory cost is separate from Asking price). He will also finance the inventory for 3 months. Possible to sell separately, or to sell business only, call for more details.
• Date: 20 Jun 2011 21:13
Property #ST957. Request more information
• Family Dollar
• South Carolina
• Price: $1,545,000
• Cap Rate: 9.5%
• Building Size: 10,752 sf
• Lot Size:1.7 acres
• Primary Type Free standing
• Lease Commenced 8/8/1996
• Net Leased? NNN
• Base lease expires 8/8/2016
• Total lease expires 8/8/2036
• Rental Income: $146,172
• Family Dollar (National corporate) tenant
• NNN lease and the tenant pays for all the expenses including taxes, insurance and all
• the maintenance including landscaping but excluding structural portions of the building.
• Current rents are $146,172 (9.5% current cap rate)
• 4 five-year options to renew and rent increases every 5 years during the option period.
• This is a Family Dollar (National corporate) tenant investment property and the property is located on a main road in a major metropolitan area as compared with most Family Dollar and Dollar General, which arelocated in small rural towns. There are six years remaining on the base lease and 4 five-year options to renew with rent increases every 5 years. The total lease ends on August 8, 2036. The current rents are $146,172. This is NNN lease and the tenant pays for all the expenses including taxes, insurance and all the maintenance
• including landscaping but excluding structural portions of the building.
• Mon, 20 Jun 2011 22:00
Property #ST956. Request more information
• CVS Pharmacy - Subleased to Dollar General
• Mississippi
• Cap Rate: 9%
• Building Size: 10,908sf
• Lot Size: 1.5 acres
• Primary Type: Free standing
• Lease Commenced: 4/4/1997
• Net Leased?: NNN
• Base lease expires 3/29/2017
• Total lease expires 3/29/2037
• Net Operating Income $223,092
• CVS (National corporation tenant)
• Twenty years base lease and 4 five-year options to renew
• NNN lease with tenant paying for taxes, insurance, and maintenance including structural portions of building. No Landlord expenses.
• Rent increases to $228,522 on 3/29/2012
• Dollar General the number one discount retailer in the U.S. The current net operating income (NOI) is $223,092 (9% cap rate). This is an absolute NNN lease with tenant paying for taxes, insurance, and all the maintenance including structural portions of building. There are no Landlord expenses whatsoever. The base lease expires on March 29, 2017 and there are 4 five-year options to renew. The rent increases on March 29, 2012 to $228,522. There are rent increases at the beginning of each option to $233,996,
• 239,450, 244,904, and 250,358 respectively. The total lease ends on March 29, 2037.
• Mon, 20 Jun 2011 22:00
Property #ST955. Request more information
• KFC 
• Nebraska
• New 20-Year Lease with 64-Unit Operator!
• Price: $1,161,000
• Net Operating Income: $90,000
• Building: 2,784 sf
• Cap Rate: 7.75%
• Lot Size: 0.80 acres
•
• Brand New 20-Year NNN Absolute NNN Lease with 10% Rental Escalations every 5 Years
• Experienced Franchisee with Over 64 Restaurants in 5 States
• Pad Site to a Grocery-Anchored Shopping Center
• Building to be Completely Remodeled Prior to the Close of Escrow
• Infill Location in Proven Trade Area
• Average Household Income Exceeds $93,000 in 3-Mile Ring
• Brand new 20-Year Absolute NNN lease with 10% rental escalations every 5 years. The building is currently being remodeled and scheduled to be completed prior to the close of escrow.
• The Tenant is an experienced franchisee with over 64 restaurants in 5 states.
• The subject property is on a pad site to a grocery-anchored shopping center, infill location in proven trade area.
• According to the 2010 Census, Omaha's population was 408,958, making it the nation's 42nd-largest city. Including its suburbs, Omaha formed the 60th-largest metropolitan area in the United States in 2010, with an estimated population of 865,350 residing in eight counties. There are more than 1.2 million residents within a 50-mile (80-km) radius of the city's center, forming the Greater Omaha area.
• According to USA Today, Omaha ranks eighth among the nation' s 50 largest cities in both per-capita billionaires and Fortune 500 companies. Omaha is the home to five Fortune 500 companies: ConAgra Foods, Union Pacific Corporation, Mutual of Omaha, Peter Kiewit and Sons, Inc., and Berkshire Hathaway. The modern economy of Omaha is diverse and built on skilled knowledge jobs. In 2009, Forbes identified Omaha as the nation's number one "Best Bang-For-The Buck City" and number one on "America's Fastest-Recovering Cities" list.
• Date: 20 Jun 2011 15:36
Property #ST954. Request more information
• Dollar Tree
• Pennsylvania
• Price: $1,298,000
• Net Operating Income: $94,105
• Building:10,013 sf
• Cap Rate: 7.25%
• Year Built: 2003
• Lot Size:1.65 acres
• Signalized corner across from regional shopping center
• Price based on commercial land value
• State University Branch Campus
• Easy access to Hwy.
• This property is a 10,013 square foot building leased to Dollar Tree on 1.65 acres.
• Originally built in 2003 for Dollar Tree this investment has 2 year remaining on the 10 year base term and 2 five yr options. This investment provides the investor a stable asset while also realizing that the overall value is based on the location of the property in the market.
• The site is 1.65 acres on a signalized corner across from the a Mall. The cost of the investment allows an investor to realize the true value of the property is in the land in which you acquire with the building.
• Date: 20 Jun 2011 14:41
Property #ST953. Request more information
• Two GSA-leased assets
• Florida
• Price: $3,799,999
• Net Operating Income: $388,418
• Building: 25,800 SF
• Cap Rate: 9.71%
• Full-service lease investment by the United States Government.
• Located in the heart of downtown of a major FL city which is the epicenter for banking and office activity for the entire area.
• Tenants are the U.S. Probation Office and the U.S. Social Security Administration.
• Assets are being sold together and are adjacent to one another.
• Square footage represents a combined number for both assets.
• Seller may divide and may consider owner financing
• Date: 20 Jun 2011 14:36
Property #ST951. Request more information
• Best Buy
• South Dakota
• Price -$5,399,000
• CAP Rate - 8.00%
• 48,035 sq/ft building
• Double net lease (NN) with 10 years remaining followed by (3) five year options
• Owner maintains parking and exterior of building
• Loan of $4.5mm is assumable @ 5.68% due in 2017 (1pt to assume)
• Tue, 14 Jun 2011 16:26:16
Property #ST950. Request more information
• Two Walgreens
• Inquire for locations
• Cap Rate: 7.30
• Purchase Price: $10,700,000
• NOI: $778,000
• Assumable Financing: $7,136,000 at 6.35%
• Can be purchased separately
• Wed, 15 Jun 2011 18:25:55
Property #ST949. Request more information
• NNN PANTRY (Kangaroo C-Store)
• Georgia
• Building Size: 2,708 sf
• Cap Rate: 8.00%
• Land: 1.38 sf
• Price: inquire
• 20 Yr Absolute NNN Lease; Commenced 10/2003
• 6.5% increases every 5 yrs, Lease is guaranteed by The Pantry Inc. (NASDAQ: PTRY) Net income for the year (2008) was $31.8 million, a 19% increase from fiscal 2007, total fuel sold was over 2 billion gallons.
• Headquartered in Sanford, North Carolina, The Pantry, Inc. is the leading independently operated convenience store chain in the southeastern United States and one of the largest independently operated convenience store chains in the country. As of September 25, 2008, the Company operated 1,653 stores in eleven states under select banners, including Kangaroo Express(R), its primary operating banner. The Pantry's stores offer a broad selection of merchandise, as well as gasoline and other ancillary services designed to appeal to the convenience needs of its customers.
• Clean environmental audit.
• Mon, 20 Jun 2011 14:33
Property #ST948. Request more information
• Four Fee Simple Jared Stores
• Jared the Galleria of Jewelry
• Locations: Confidential (please inquire)
• Pricing: Not Priced. Buyer's verbal offer, if accepted, shall immediately go to Contract
• Like all Jared stores, these are all located in excellent real estate locations.
• Rare opportunity to obtain a billion dollar Corporate signature!! Jared The Galleria Of Jewelry, is a division of Sterling Jewelers Inc. Sterling Jewelers Inc is a private company. Current estimates show this company has an annual revenue of over $1 billion and employs a staff of approximately 5,000 to 9,999. Sterling Jewelers Inc. continues to grow with annual sales in excess of $2 billion. With over 1,200 stores from coast-to-coast, we are dedicated to continuing our industry leadership by providing the merchandise selection and customer service that satisfy the fine jewelry needs of our customers.
• First Jareds
• Lease: Absolute NNN
• NOI: $337,102
• Lease Expiration: 1/31/2022
• Increases: 10% every 5 years
• Second Jareds
• Lease: Absolute NNN
• NOI: $343,310
• Lease Expiration: 1/31/2024
• Increases: 10% every 5 years
• Third Jareds
• Lease: Absolute NNN
• NOI: $351,776
• Lease Expiration: 4/18/2021
• Increases: 10% every 5 years
• Tenant is currently set to renovate the property and spend $1mm+ in capital improvements.
• Forth Jareds
• Lease: Absolute NNN
• NOI: $336,987
• Lease Expiration: 4/30/2020
• Increases: 10% every 5 years
• Mon, 20 Jun 2011 17:57
Property #ST947. Request more information
• Absolute NNN Kelly-Moore Paints Store
• SF Bay Area
• Price: $2,066,215
• Cap Rate: 6.50%
• Building Size: 10,000 SF
• Lot Size: 0.88 Acres
• Year Built: 1970
• Absolute NNN (no landlord responsibility) 15-year primary lease term with 9+ years remaining
• No options to extend, allowing owner to capitalize on market rents in 2021
• Current lease term commenced on January 1st, 2006 and expires on December 31st, 2020
• CPI rental escalations, no less than 10% - not to exceed 15%
• Proven location: Kelly-Moore has operated at this location since 1970, and enjoys excellent visibility and ingress and egress onto Boulevard
• Heavily trafficked Boulevard (approximately 33,000 vehicles per day)
• Strategically located 20 miles from a Kelly- Moore manufacturing facility, one of the three state-of-the-art Kelly-Moore facilities which manufacture nearly 20 million gallons of paint per year
• Conveniently located less than a half mile from the South Hayward BART station.
• There are approximately 3,000 people per day that utilize this BART station
• Freestanding Kelly-Moore Paints store.
• Kelly-Moore has been the tenant at this property for approximately 40 years, and executed a new lease in 2006 for an additional 15 year term.
• Kelly-Moore is the largest employee-owned paint companies in the United States with approximately 163 retail stores, approximately 1,500 employees, and 3 strategically located manufacturing facilities in key markets: San Carlos, California; Seattle, Washington; and Hurst, Texas.
• Mon, 20 Jun 2011 13:35
Property #ST946. Request more information
• Two LEASEHOLD Jareds
• Jared the Galleria of Jewelry
• Locations: Confidential (please inquire)
• Pricing: Not Priced. Buyer's verbal offer, if accepted, shall immediately go to Contract
• Both properties are in excellent real estate locations.
• First Jareds
• Initial Lease Term: 20 years
• Rent Increases: 10% increases every 5 years including renewal options
• Renewal Terms: Four 5 year lease renewal options
• Rent Commencement Date: 1/1/2000
• Initial Lease Term: 12/31/2019
• 1/1/2000 - 12/31/2004: $146,369.30
• 1/1/2005 - 12/31/2009: $161,006.20
• 1/1/2010 - 12/31/2014: $177,107.00
• 1/1/2015 - 12/31/2019: $194,817.00
• Property is situated in dense retail corridor including Toys R Us, Borders Books, Bed Bath and Beyond, Cost Plus World Market, Sam's Club, Home Depot, AJ's fine foods
• Second Jareds
• Initial Lease Term: 20 years
• Rent Increases: 10% increases every 5 years including renewal options
• Renewal Terms: Four 5 year lease renewal options
• Rent Commencement Date: 1/1/2000
• Initial Lease Term: 12/31/2019
• 1/1/2000 - 12/31/2004: $139,603.32
• 1/1/2005 - 12/31/2009: $153,563.64
• 1/1/2010 - 12/31/2014: $168,920.04
• 1/1/2015 - 12/31/2019: $185,812.08
• Property is situated on the out parcel to a Mall.
• Regional mall that includes tenants such as Macy's, Von Maur, Saks Fifth Avenue, Great Indoors, and Rave Cinema 8 Screen Theater.
• Rare opportunity to obtain a billion dollar Corporate signature!! Jared The Galleria Of Jewelry, is a division of Sterling Jewelers Inc. Sterling Jewelers Inc is a private company. Current estimates show this company has an annual revenue of over $1 billion and employs a staff of approximately 5,000 to 9,999. Sterling Jewelers Inc. continues to grow with annual sales in excess of $2 billion. With over 1,200 stores from coast-to-coast, we are dedicated to continuing our industry leadership by providing the merchandise selection and customer service that satisfy the fine jewelry needs of our customers.
• Mon, 20 Jun 2011 12:24
Property #ST945. Request more information
• DaVita Dialysis
• Texas
• Price: $3,047,000
• Cap Rate: 6.60%
• Annual 2% Rent Bumps!
• Dialysis For All Ages Is Covered By Medicare!
• Actual DaVita Dialysis Center
• "S & P 500" Tenant
• Across from Large Hospital
• Expansion Land
• A freestanding one-story 11,022+/- square foot DAVITA out-patient dialysis facility.
• The building was built in the 1980's and completely remodeled in 2007 by the
• current tenant.
• Leased to a subsidiary of and guaranteed by DAVITA, INC., for 15 years from
• February 1, 2011 until February 2026 . The annual net rent of $201,130
• increases by 2% annually throughout the primary term. The lease is completely
• "triple-net" with the tenant responsible for all expenses including taxes, insurance
• and all maintenance including roof, structure and parking lot. There are three
• 5-year renewal options to renew under the same terms and conditions as the
• primary lease.
• DAVITA INC. (NYSE: DVA), a FORTUNE 500ฎ company, is a leading provider of
• kidney care in the United States, delivering dialysis services and education to
• patients with chronic kidney disease and end stage renal disease. As of December
• 31, 2010, DaVita operated or provided administrative services at 1,612 outpatient
• dialysis facilities, serving approximately 125,000 patients. DaVita Inc. was founded
• in 1994 and is headquartered in Denver.
• For the ? scal year ended December 31, 2010, revenues were $6.45 billion and net
• income was $406 million. Net worth was $1.98 billion.
• According to a website, DaVita has about 27% of the national dialysis market.
• There is one other national chain, Fresenius, which has about 32%. The rest of the
• market is fragmented, served by hospitals and much smaller chains.
• DaVita is rated "BB-" by Standard and Poor's. More information can be obtained at
• www.davita.com
• Mon, 20 Jun 2011 11:32
Property #ST944. Request more information
• Mobile Service Station
• Michigan
• Price: $1,200,000
• Cap Rate: 10%
• Building: 5,000 sf
• Land: 3 acres
• Very large station on super busy road.
• Station has over 5,000 sq.Ft.
• With beer and wine license and a drive thru window.
• Does 100,000 gallons and 90,000 inside per month!!!
• Date: 20 Jun 2011 07:12
Property #ST943. Request more information
• CVS - Zero Cash Flow
• Georgia
• Price: $1,549,315
• NOI: $116,736
• CAP: 7.54%
• $300,000 equity required over existing self liquidating loan
• Low rent and price per square foot ($11.61 RSF/$154.08 PSF)
• $51,793 of amortization over the next 12 months
• Area retailers include Ingles, Food Lion, BI-LO, McDonaldกฆs, Family Dollar & Dollar General
• Property has excellent street frontage and visibility on a corner (Traffic: 14,140 vpd)
• 0.3 Miles east of Interstate on/off ramps (Traffic: 28,910 vpd)
• Loan Balance as of 4/10/11: $1,249,315.29
• Mon, 20 Jun 2011 08:00:28
Property #ST942. Request more information
• Fairfax County Occupied Office Condominiums
• Virginia
• The current owner can no longer write off depreciation for the units so they are anxious to sell them and complete a tax exchange themselves.
• # of Units for sale: Seven (7)
• Total Square Feet: 8,638 s.f. (total s.f. of all 7 units)
• Purchase Options:
• Seven (7) Units:...............NOI : $160,307.............Sales Price: $1,955,00 (8.2% cap)
• Five (5) Units:..................NOI: $93,940...............Sales Price: $1,175,000 (8% cap)
• Three (3) Units:...............NOI: $48,820...............Sales Price: $610,250 (8% cap)
• Good location near U.S. Fort
• 8 miles to Interstate 95
• 5 miles to 495 and Woodrow Wilson Bridge
• 4 miles to Fairfax County Parkway
• Plenty of parking
• Located in County Redevelopment Area
• Walk to bus stop
• Walk to Fairfax County South County Center
• Ideal for 1031 Tax Exchange
• Elevator to 2nd floor units
• Defense Base Closure and Realignment (BRAC) will have a huge positive impact on the area. More people will be living and working in the area. More services will be needed to support the residents. Commercial office/retail/medical space will be at a premium. Rental and sale prices should show significant increases.
Sun, 19 Jun 2011 11:31:59
Property #SHOP387. Request more information
• Walgreen's Drug Store and Third Federal Savings & Loan Bank
• Ohio
• $5,693,000 - 7.75% Cap
• Tenants: Walgreen Company / Third Federal Savings & Loan Association (TFSL)
• Location: In 2007 this city of ranked one of Money Magazine's "100 Best Places to Live in the Nation" and as one of Cleveland Magazine's "Best Suburbs".
• The city has a median household income of $86,903 and is located approximately 21 miles from Cleveland and 18 miles from downtown Akron.
• The subject property is a one-story building, located in the heart of downtown the city.
• The parcel on which the subject property is located is bordered by three roads.
• Adjoining the subject property is a single tenant retail parcel tenanted by Cash Advance.
• This adjacent parcel is not included in this offering.
• However, the property line separating the subject property from the adjacent parcel goes right through the common wall shared by TFSL and Cash Advance.
• Cash Advance pays CAM to the landlord of the subject property on a prorata basis.
• Tenant Credit: Walgreen's - S&P "A+" / Third Federal Savings & Loan Bank (TFSL) - 100% owned by TFS Financial Corporation (NASDAQ, "TFSL") with consolidated assets of $10.9 billion and stockholder's equity of $1.8 billion.
• Building Size: Walgreen's (13,905 SF) + TFSL (5,600 SF) = Total 19,505 SF
• Year Built: 1999
• Lease Type: NN (Landlord is responsible for roof, structure, painting, tuckpointing and cleaning, and structural portions of the entrance ways to the leased premises and to all utilities.)
• Lease Term: Walgreen's 20 Year Firm Term 09/01/99 - 08/31/19
• TFSL 10 Year Firm Term 09/01/09 - 08/31/19
• Options: Walgreen's - 40 Years / TFSL - None
• Annual Rent: Walgreen's 08/13/99 to 08/31/59 $342,900
• TFSL 09/01/09 to 08/31/10 $102,204
• Rent Increases: TFSL rent increases $1400 each year, for ten years, beginning 09/01/10
• NOI: $445,104 minus $3,901 ($.20/SF reserve allowance) = $441,203
• Financing: There is an assumable (1% fee), self-amortizing 1st Trust Deed, with an interest rate of 7.78%, payable $18,761 per month, with a loan balance of $1,440,000, as of 07/01/10. Due to an onerous prepayment penalty ($325,000 as of 07/01/10) this loan should be assumed.
• Note: Walgreen's has a first right of refusal purchase option.
• Sun, 19 Jun 2011 07:02:57
Property #ST941. Request more information
• Zaxby's
• Alabama
• List Price: $ 2,077,000
• Cap Rate: 9.02 %
• Lease: Absolute NNN
• Annual Lease: $ 187,257.12 (As of June 2011)
• Monthly Lease: $ 15,150
• Increases: 3% Annually Every June
• Lease Term: Twenty (20) Years
• Remaining: Thirteen (13) Years
• Building Size: 3,452 +/- SF
• Lot Size: 0.96 +/- Acre
• Tenant has multiple locations and is under construction with new location across from Lowe's and Sam's Club
• Lease, guarantee, sales and additional documentation available with accepted offer to purchase.
• Date: 6 Jun 2011 18:36:49
Property #ST940. Request more information
• Walgreens
• Illinois
• Price: $6,300,000
• Net Operating Income: $485,000
• Cap Rate: 7.70%
• Building:14,855 sf
• Year Built: 2002
• Land: 1.12 acres
• High Sales Volume
• Lease expires in 2062
• Positive Leverage Available with New Financing
• Dense Urban Location, Huge Traffic Count
• Stable neighborhood, strong demographics
• PRICE REDUCED! Strong Sales Volume, Hugh Traffic, Incredible Population Density.
• Great Demo's.
• NN lease w Landlord responsible for roof and structure.
• New store in 2002 with 65 yr lease with tenant having right to terminate after 20 yrs, and once every 5 yrs thereafter.
• Date: 17 Jun 2011 15:54:01
Property #ST939. Request more information
• White Castle
• Michigan
• Single Tenant Leased Investment
• Price: $522,500 (10.00% Cap)
• Absolute NNN corporate guaranteed lease.
• Tenant operates 400+/- Locations
• Tenant has 7 renewal options left with rent increases
• Signalized Corner
• Next rental increase in December 2012
• Across from Kia Dealership and Firestone Auto Center
• Corporate guaranteed absolute NNN leased property.
• White Castle owns and operates more than 400 hamburger fast food restaurants in a dozen states, primarily in the Midwest.
• The company also sells frozen foods through supermarket chains. The company was founded by Walter Anderson and Billy Ingram in 1921.
• The Ingram family continues to control the company.
• Date: 17 Jun 2011 12:47
Property #ST938. Request more information
• Kindercare
• Ohio
• MOTIVATED SELLER-NNN CORP LEASE
• Price: $517,000
• Net Operating Income: $43,992
• Building: 4,554 sf
• Cap Rate: 8.50%
• Land: 1.31
• MOTIVATED SELLER.
• Absolute NNN lease to KinderCare Learning Centers-the nations leading early childhood education company with some 1,600 locations.
• Tenant has two renewal options of 5 years each.
• The lease has rental increases during current lease term and option periods.
• Tenant at same location for 25+/- years. PLUS ADDITIOINAL EXTRA LAND APPROX 2 ACRES.
• Suburb of Columbus.
• Located next door to the Township Administrative Offices and across from a Ohio University Center.
• National retailers are located nearby
• KinderCare Learning Centers is the nation's leading early childhood education and care
• provider operating more than 1,600 community-based centers across the country of which
• more than 500 are accredited by the National Association for the Education of Young
• Children (NAEYC) and the National Accreditation Commission for Early Care and
• Education Programs (NAC). Read more about KinderCare's expertly designed programs for children that meet their social, emotional, physical, and intellectual needs at www.kindercare.com.
• Date: 17 Jun 2011 12:39
Property #ST938. Request more information
• La Petite Academy
• California
• Price: $2,586,000
• Cap Rate: 9.0%
• Corporate guaranteed lease with La Petite Academy, a national child care company
• operating over 500 schools across the country.
• Absolute NNN Lease with annual rent increases based on CPI
• Tenant has been at location for over 20 years.
• Lease expires May 31, 2017
• High visibility stand-alone building, 7,536 sq ft
• By Signalized corner
• High Traffic Exposure with Immediate Freeway Access
• Nearby retailers: Mobil, Newer Target and Chili's (across street) and within 1 mile of a
• Corporate Center, Holiday Inn Select, and Ayres Suites.
• Nearby employers: 1 mile from the prestigious Gateway Corporate Center with large
• employers including VTech, Travelers Insurance, Kaiser Permanente, Central Health,
• SEMA, Goodrich, AAA Auto Research & Inspection Center, Wells Fargo Bank, St Jude
• Heritage Medical Group, Administaff, Bays Rock, Allstate, and the Government Center
• with Diamond Bar City Hall, South Coast Air Quality Management District, USPS Mail
• Delivery.
• Sellers are licensed real estate broker/agent
• Demographics ................... 1 Mile .........3 Mile ..........5 Mile
• Average Household Income $91,976 ......$99,369 ......$91,963
• Population .........................11,172 .........83,443 ........254,606
• Date: 17 Jun 2011 12:25
Property #ST936. Request more information
• Jareds and ATT in the same building
• North Carolina
• Inquire for more details
• Tue, 21 Jun 2011 09:23
Property #ST935. Request more information
• Walgreens
• Texas
• Long term NNN Lease to Walgreen's Co. (24 Years Remaining)
• New 2010 Construction
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody's Aa3)
• Zero management responsibilities
• Twenty Five (25) Year Triple Net (NNN) Lease
• Fifty 1 - Year Options (Annual renewals after 25 years)
• There is an existing loan on the property that must be assumed
• Purchase Price: $6,206,896
• Cap Rate: 7.25%
• Current NOI: $450,000
• Options: Fifty (1- Year Options at $450,000)
• Building Area: ฑ 14,820 SF
• Land Area: ฑ 1.52 Acres ฑ 66,211 SF
• Landlord Responsibilities: None
• Lease Commencement: January 25, 2010
• Lease Expiration: January 24, 2035
• Year Built: 2010
• Population: 110,981 (5 Miles)
• Average HH Income: $67,982 (3 Miles)
• Loan Information
• There is an existing self amortizing loan on the property that must be assumed. The balance as of March 15, 2010 is $4,314,648. The loan term is for 25 years at a fixed interest rate of 6.67% amortized over 25 years with annual payments of $361,946. There is an assumption fee of 1% in addition to all out-of-pocket expenses incurred by the
• lender.
• Purchase Price: $6,206,896
• Down Payment: $1,892,248
• Loan Amount / Type: $4,314,648 / Assumption
• Interest Rate: 6.67%
• Net Operating Income: $450,000
• Debt Service: $361,946
• Cash Flow: $88,054
• Cash on Cash Return: 4.65%
• Walgreen's Company (NYSE: WAG)
• Walgreen Co., together with its subsidiaries, engages in the operation of a chain of drugstores in the United States. The company's drugstores sell prescription and non-prescription drugs, and general merchandise. Its general merchandise comprises household products, convenience foods, and seasonal items, as well as personal care, beauty care, candy, and photofinishing products. The company offers its products and services through drugstores, as well as through mail, telephone, and the Internet. As of December 17, 2010, it operated 7,650 drugstores in 50 states, the District of Columbia,
• and Puerto Rico. The company also owns 37 strip shopping malls. Walgreen Co. was founded in 1901 and is based in Deerfield, Illinois.
• Fri, 17 Jun 2011 09:39
Property #ST933. Request more information
• NNN Winn Dixie - 18% CAP?
• Georgia
• Short term with options
• Free Standing
• Building: 46,000 Sq. Ft.
• Absolute NNN lease
• Land: 3.8 acres
• Lease runs to April 12 , 2012
• Options
.Six 5-year options
• Annual Rent: $204,000
• Price: $1,133,000
• CAP: 18%!
• Fri, 17 Jun 2011 11:32
Property #ST932. Request more information
• Speed Emissions
• Texas
• SUBMIT ALL OFFERS - SELLER READY TO CLOSE UPLEG!
• Price: Now $750,000
• Net Operating Income: $71,000
• Cap Rate: 9.52%
• Building Size: 3,042 sf
• Year Built: 1986
• Land: 14,760 sf
• Building recently renovated by long-term tenant with a new 5 year lease renewal commencing April 1, 2011.
• Parking lot recently resurfaced.
• 3,042 SF Building
• 14,760 SF Lot
• REDUCED TO $750,000 = 9.52% CAP RATE!!!
• MOTIVATED SELLER IN 1031 EXCHANGE
• TENANT PREPARING TO EXECUTE A NEW 10 YEAR EXTENSION
• C.P.I. INCREASES EVERY 5 YEARS
• LONG TERM TENANT - OCCUPIED BUILDING SINCE 1990
• ABSOLUTE NNN - NO OWNER EXPENSES OR MANAGEMENT
• Speed Emissions, "The Fastest Way to Keep Your Air Clean". Our business is to conduct the vehicle emission or smog test and safety inspection for automobiles, vans, sport utility vehicles and pick up trucks. At Speedemissions the integrity of the test is never compromised because we do not repair failed vehicles nor try to sell mufflers, brakes, or catalytic converters. We want you to pass.
• The following Shell Gas Station can be purchased together as portfolio:
• SELLER READY TO CLOSE EXCHANGE
• Colorado
• Price: $1,300,000
• Net Operating Income: $102,200
• Building Size: 2,400 sf
• Cap Rate: 7.90%
• Lot Size:27,443 SF
• Exceptionally well maintained Shell Gas Station and convenience store.
• The tenant has a franchise agreement with 7-11 and shall commence construction to expand the convenience store in 2010.
• Additionally, the lease permits the owner to add a cell tower for additional income opportunity.
• Note: Total SF does NOT include existing building that will be converted to the 7-Eleven convenience store.
• The property is situated on a highly trafficked lighted intersection.
• The station is easily accessible and highly visiable.
• Date: 17 Jun 2011 08:43
Property #ST931. Request more information
• Gander Mountain
• Tennessee
• Price: $8,000,000
• Net Operating Income: $684,450
• Cap Rate: 8.55%
• Building Size:65,000 sf
• Price/SF:$123.08
• Land: 8.50 acres
• Long term Net Lease with Increases / Low Rent per SF
• The tenant is operating under a long-term Net lease
• Property Management is in place that can be retained by the new Owner.
• Rent per square foot is below comparable sites for this tenant - $11-$13 per foot ($9.95/ft.)Offering includes over 8.5 acres of land (17% coverage)
• Strength of Tenant
• The tenant has added talented leadership and has displayed a disciplined fiscal approach and substantially improved operating results over the past two years in a difficult market for retailers.
• Record consolidated revenues in 2009
• Record consolidated gross profit margin in 2009
• Reduced a large percentage of debt in last 2 years
• Named Top 10 retailer in December ' 09 CrossView Multi-Channel Retailing Study Survey
• Dominant Freeway Location / High Traffic site
• The site is positioned directly between two Highways with 22,000 ADT and 43,430 ADT
• Access is unparalleled
• The property benefits from 3600 linear feet of frontage on a Interstate Highway (41,350 ADT).
• Superior visibility.
• Regional Shopping Destination location
• The property is part of the newest retail development in the region.
• Immediately adjacent to this property is an established retail development with a base of over 500,000 square feet of retail space.
• Tenants include Kohl' s, Home Depot, Ross, Old Navy, Marshalls, Best Buy, Hobby Lobby, Kirkland's, Ashley Furniture, etc.
• This property is part of a development that will create a corridor with a combined 1 million square feet of retail space and a Regional draw.
• Strong Trade Area / Population growth
• The city has been listed in the top 100 retail markets in the country and has produced six consecutive years with at least $1 billion in retail sales.
• It' s the primary trade hub for a 13 county region that serves over 400,000 residents.
• Population has grown by approximately 30% since 1990 in a 3 mile radius.
• Average Household income is $65,800.
• Date: 16 Jun 2011 11:32
Property #ST930. Request more information
• Available SOUTHEAST Net Leased Offerings
• CVS Distribution Center
• Florida
• Price: $36,680,000
• CAP: 6.70% Return
• Logan's Roadhouse
• Alabama
• Price: $4,656,083
• CAP: 7.00%
• Logan's Roadhouse
• Alabama
• Price: $4,648,895
• CAP: 7.00%
• Logan's Roadhouse
• Mississippi
• Price: $4,394,490
• CAP: 7.00%
• Logan's Roadhouse
• Kentucky
• Price: $4,327,906
• CAP: 7.00%
• Logan's Roadhouse
• Louisiana
• Price: $4,088,972
• CAP: 7.00%
• Logan's Roadhouse
• Tennessee
• Price: $3,916,490
• CAP: 7.00%
• Logan's Roadhouse
• Georgia
• Price: $3,468,971
• CAP: 7.00%
• Logan's Roadhouse
• Alabama
• Price: $3,396,869
• CAP: 7.00%
• Rite Aid
• Georgia
• Price: $2,950,289
• CAP: 8.65%
• Rite Aid
• North Carolina
• Price: $2,933,333
• CAP: 8.70%
• Rite Aid
• North Carolina
• Price: $2,771,494
• CAP: 8.70%
• Rite Aid
• Georgia
• Price: $2,670,345
• CAP: 8.70%
• Rite Aid
• North Carolina
• Price: $2,285,977
• CAP: 8.70%
• Rite Aid
• North Carolina
• Price: $2,114,023
• CAP: 8.70%
• Jared Jewelers Net Lease
• Louisiana
• Price: $1,915,789
• CAP: 9.50%
• Community First Bank & Trust
• Tennessee
• Price: $1,667,000
• CAP: 6.00%
• Santa Fe Cattle Co.
• Alabama
• Price: $1,600,000
• CAP: 10.01%
• Lone Star Steakhouse
• Alabama
• Price: $1,349,664
• CAP: 11.00%
• AT&T Wireless
• Tennessee
• 1329424
• CAP: 9.38%
• O'Reilly Auto Parts
• Georgia
• Price: $1,220,000
• CAP: 6.89%
• NNN Dollar General
• South Carolina
• Price: $1,162,267
• CAP: 8.25%
• NNN Dollar General
• South Carolina
• Price: $1,160,024
• CAP: 8.25%
• Dollar General
• Georgia
• Price: $985,000
• CAP: 6.94%
• Amscot Financial Services
• Florida
• Price: $1,075,000
• CAP: 8.54%
• NNN Dollar General
• South Carolina
• Price: $977,527
• CAP: 8.25%
• NNN Dollar General
• South Carolina
• Price: $975,880
• CAP: 8.25%
• NNN Dollar General
• South Carolina
• Price: $977,527
• CAP: 8.25%
• NNN Dollar General
• South Carolina
• Price: $975,880
• CAP: 8.25%
• Family Dollar
• Tennessee
• Price: $820,000
• CAP: 7.68%
• Thu, 16 Jun 2011 13:23
Property #ST929. Request more information
• Available NORTHEAST Net Leased Offerings
• Westport Axle
• Virginia
• Price: $7,800,000
• CAP: 9.49%
• Walgreens
• Massachusetts
• Price: $7,650,000
• CAP: 6.86%
• Rite Aid
• Vermont
• Price: $4,787,200
• CAP: 8.75%
• Rite Aid
• Massachusetts
• Price: $3,797,895
• CAP: 8.55%
• Rite Aid
• Massachusetts
• Price: $3,469,425
• CAP: 8.70%
• Rite Aid
• Massachusetts
• Price: $3,296,185
• CAP: 8.65%
• Rite Aid
• Connecticut
• Price: $3,085,057
• CAP: 8.70%
• Garden Center
• New York
• Price: $2,194,500
• CAP: 8.00%
• Net Leased 7-Eleven, Subway, & BP
• West Virginia
• Price: $2,061,445
• CAP: 8.80%
• Rite Aid
• Massachusetts
• Price: $1,750,000
• CAP: 9.00%
• Garden Center
• New York
• Price: $1,567,500
• CAP: 8.00%
• Net Leased 7-Eleven - Mt. Vernon
• Maryland
• Price: $1,291,055
• CAP: 5.96%
• Garden Center
• New York
• Price: $940,500
• CAP: 8.00%
• Thu, 16 Jun 2011 13:23
Property #ST928. Request more information
• Available MIDWEST Net Leased Offerings
• Staples & Social Security Administration
• Wisconsin
• Price: $5,100,000
• CAP: 6.01%
• BP
• Indiana
• Price: $19,300,000
• CAP: 7.85%
• AT&T
• Chicago, IL
• Price: $5,250,000
• CAP: 7.00%
• Wells Fargo
• South Dakota
• Price: $7,200,000
• CAP: 5.05%
• Rite Aid
• Michigan
• Price: $4,571,428
• CAP: 8.75%
• Walgreens
• Chicago, IL
• Price: $4,571,428
• CAP: 7.00%
• CVS/pharmacy
• Michigan
• Price: $4,550,000
• CAP: 7.24%
• Logan's Roadhouse
• Indiana
• Price: $3,772,508
• CAP: 7.00%
• Logan's Roadhouse
• Michigan
• Price: $3,623,897
• CAP: 7.00%
• JP Morgan Chase Bank & CD One Price Cleaners
• Chicago, IL
• Price: $3,320,000
• CAP: 6.00%
• Logan's Roadhouse
• Indiana
• Price: $3,300,423
• CAP: 7.00%
• GSA - Social Security Administration
• Ohio
• Price: $2,550,375
• CAP: 8.00%
• Remington College
• Ohio
• Price: $2,481,733
• CAP: 9.00%
• GSA - Social Security Administration
• Ohio
• Price: $2,269,000
• CAP: 8.00%
• Tractor Supply Co.
• Michigan
• Price: $1,976,470
• CAP: 8.50%
• Dollar General
• Chicago, IL
• Price: $1,662,500
• CAP: 8.00%
• Brightside Academy
• Ohio
• Price: $1,050,000
• CAP: 10.00%
• DaVita Dialysis Center
• Michigan
• Price: $846,869
• CAP: 8.75%
• Thu, 16 Jun 2011 13:23
Property #ST927. Request more information
• Available CALIFORNIA Net Leased Offerings
• Urban Outfitters & Free People
• Price: $13,461,300
• CAP: 6.25%
• Investment Grade Credit Net Lease
• Price: $13,911,000
• CAP: 7.38%
• Men's Wearhouse Distribution Center
• Price: $8,125,000
• CAP: 7.70%
• OSH
• Price: $7,300,000
• CAP: 7.62%
• Rabobank N.A. 
• Price: $4,601,739
• CAP: 5.75%
• Rabobank N.A.
• Price: $4,355,878
• CAP: 5.75%
• BevMo!
• Price: $2,955,000
• CAP: 7.88%
• Rabobank N.A.
• Price: $2,231,287
• CAP: 5.75%
• Rabobank N.A. 
• Price: $1,707,095
• CAP: 5.75%
• Thu, 16 Jun 2011 13:23
Property #ST926. Request more information
• Single Tenant Portfolio
• Southern California - Mid West
• Price: $24,560,528
• CAP: 7.11%
• Opportunity This is a rare opportunity to acquire a national single Tenant net leased portfolio with credit worthy, publicly traded tenants. The portfolio consists of an AT&T leased facility
• in Chicago, IL, a Men's Wearhouse leased facility in (Southern California) and a JDSU leased facility in Indiana. The assets are
• subject to long term net leases with scheduled increases.
• Property Condition Class A quality construction with significant improvements and investments made by tenants.
• There is existing (approximately $15,484,621) below market non-recourse debt in place that must be assumed (unless defeased) at a 5.87% interest rate, amortized over 30 years. The debt does not mature until March 2017.
• Prime Locations The assets are situated in well established locations. Each market is growing and established with strong demographics.
• Thu, 16 Jun 2011 13:23
Property #ST925. Request more information
• Verizon Wireless
• Georgia
• Price: $3,300,000
• CAP: 8.2%
• Building: 5,000 sf
• Verizon Just Doubled the Store Size from 2,800 to 5,000 SF
• Corporate Lease With Renewed 7 Year Term
• New Building (2011) at Location of Older (Successful) Verizon Store
• Excellent Location on "Corner" Out-Lot to a Mall
• Premium Real Estate in Center of Area's Premier Retail Corridor
• 29% Population Growth (2000 - 2014)
• 49,000 People Live Within 3 Miles
• Thu, 16 Jun 2011 11:49
Property #ST923. Request more information
• 20-Year Academy Sports + Outdoors
• Texas (Houston Suburb)
• HOUSTON SUBURB (BAYTOWN)
• 20-Year Net Lease with Increases
• Profitable, Long-Established, Multi-Billion Dollar Tenant
• Adjacent to 1.2 Million Square Foot Regional Mall
• One of the Fastest Growing Metro Areas in the U.S.
• LOT SIZE: Approximately 7.37 acres 321,037+/- square feet
• IMPROVEMENTS: Under construction, to be completed in September 2011, a 75,686+/- square foot
• retail building for ACADEMY SPORTS + OUTDOORS.
• LEASE: Leased to ACADEMY, LTD., d.b.a. ACADEMY SPORTS + OUTDOORS for 20 years from October 2011 until October 2031. The annual rent of $677,389 increases by $0.50/psf every ? ve years during the primary term. The tenant is responsible for insurance, taxes, and all normal maintenance, including maintenance of the roof. The landlord is responsible for structure, including maintenance and repair of the structural elements of the roof. The landlord is responsible for roof replacement.
• There are four 5-year options to renew under the same terms and conditions as the primary term.
• ANNUAL INCOME YEARS................... ANNUAL RENT
• ...............................1-5 .........................$677,389
• ...............................6-10 .......................$715,232
• ..............................11-15 ......................$753,075
• ..............................16-20 ......................$790,918
• ...............................Option 1 .................$828,761
• ...............................Option 2 .................$866,604
• ...............................Option 3 .................$904,447
• ...............................Option 4 .................$942,290
• Price: Unpriced
• ABOUT THE TENANT
• ACADEMY, LTD. (the Company), founded in 1938 and headquartered in a suburb of Houston, is estimated to be the third-largest full-line sporting goods retailer in the United States by sales. The Company is a leading sporting goods, lifestyle and leisure retailer in the southeastern United States and one of the largest familyowned businesses in Texas. As of April 2011, the Company operated 129 retail locations.
• The Company offers a broad merchandise assortment across four product categories: Field & Stream, Sports & Leisure, Footwear and Apparel. Academys product mix extends well beyond assortments offered by traditional sporting goods retailers. The Companys comprehensive product offering is designed to address the needs of the Academy customer who shops the store frequently for both staple and discretionary items. The Company tailors each stores product assortment to the market it serves. According to a story in a local Houston newspaper, Academy had sales in 2009 of $2.4+ billion and sales in 2010 of $2.7+ billion.
• On May 31, it was announced that Academy was to be sold to the private equity ? rm of KKR. If consummated, the sale would occur by the end of July, 2011. The terms were not disclosed.
• More information is available on the companys website, www.academy.com
• Thu, 16 Jun 2011 10:20
Property #ST921. Request more information
• Denny's
• Florida
• Price:$1,732,173
• CAP Rate: 7.5%
• Lessee: Franchisee with 30 Units
• Building Size: 6,226 square feet
• Land Area: 34,847 square feet
• NOI: $129,913
• Lease Expiration: Lease Expires Dec 21, 2027
• Lease Options: 4 Five Year Options
• Lease Type: Absolute NNN Lease
• Increases: 4% in January of 2013 - CAP Increases to 7.8%
• 10% every 5 thereafter including options
• Experienced Operator 52 Units (30 Units in this entity)
• 2nd Largest Dennys Franchisee
• Franchisee Also Operates 74 Burger King Locations
• Dennys Franchisee of the year 2006 & 2007
• 2010 Sales: $1,526,006
• Located just off of major Interstate Highway
• Zero Landlord Responsibilities
• 2010 Sales: $1,526,006
• The lease commenced on December 22, 2007 for a term of twenty years.
• There is a 4% increase in January of 2013 and 10% increases every five years thereafter.
• There are 4 five year options.
• Date: 15 Jun 2011 17:24
Property #ST919. Request more information
• Net Lease Family Dollar
• North Carolina
• New Construction
• CAP(8.75% Cap Rate
• New Construction
• Family Dollar, single tenant, net lease offering.
• This 8,000 SF, block & mortar building with glass storefront was completed in 2010.
• It sits on a 1.0 acre (+/-) lot just north of a intersection of two Highways.
• The NN lease is corporate guaranteed for 10 years by Family Dollar with five 5-year options.
• Each option period features 10% increase in rents.
• This is an ideal investment for an investor looking for minimal landlord responsibilities, good real estate and a successful national credit tenant.
• The initial NOI is $62,000 annually.
• Within a 10 mile radius, the population is 11,015 with an average household income of $42,801.
• Family Dollar is one of the fastest growing discount small box retailers in the country with over 6,800 stores in 44 states.
• Family Dollars stock rose over 73% in 2010 with net income up over 22%.
• They recently announced plans to accelerate the pace of new store openings and will add over 300 new stores in 2011.
• Wed, 15 Jun 2011 14:55
Property #ST918. Request more information
• Dollar General
• New York
• Sales Price: $731,985
• Cap Rate: 9.25%
• Lease Start Date: June 1st 2007
• Lease End Date: 10 years from Commencement
• This property is in a Downtown location of a city between Syracuse, NY and Albany, NY.
• This is a town which serves the local area and is near
• For a breakdown of expenses and a complete marketing package
• Wed, 15 Jun 2011 13:35:42
Property #ST917. Request more information
• Walgreens
• 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
• This location is immediately off a major Interstate Highway
• Less than 30 miles to Providence
• Walgreens corporate guarantee (NYSE:WAG)
• Investment grade credit (S&P A+; Moody's Aa3)
• New construction, 75 year NNN lease
• Zero management responsibilities
• Wed, 15 Jun 2011 12:57
Property #ST915. Request more information
• NNN Leased Medical/Professional Office Condos
• Washington DC MSA
• Four leased office condos
• Major Health Care company is the anchor tenant with new 10-year NNN lease and building signage rights
• Another well known medical tenant recently signed a lease to occupy 3,000 sf in the building
• All leases have 3.00% annual rent increases
• Newly developed Class A professional office built in high growth market
• Strong and growing demos; location has easy access and high visibility
• The units are in the same Class A office building and are available individually or as a portfolio.
• 1st Anchor Tenant
• $1,700,000 | CAP Rate 6.50%
• NOI: $110,376
• Lease Expiration: 10/31/2020
• Unit Size: 5,256 SF
• Business Type: Medical Practice
• 2nd Tenant
• $876,000 | CAP Rate 6.66%
• NOI: $58,370
• Lease Expiration: 8/31/2016
• Unit Size: 2,920
• Business Type: Online health-care content provider
• 3rd Tenant
• $750,000 | CAP Rate 8.00%
• NOI: $60,067
• Lease Expiration: 12/31/2014
• Unit Size: 2,777 SF
• Business Type: Internet Marketing Strategy
• 4th Tenant
• $1,238,857 | CAP Rate 7.00%
• NOI: $86,720
• Lease Expiration: 12/31/2015
• Unit Size: 4,336
• Business Type: Residential Land Development
• Email us for complete offering package.
• Wed, 15 Jun 2011 08:34:14
Property #ST912. Request more information
• FAMILY DOLLAR
• Georgia
• Price: $483,220
• Net Operating Income: $48,322
• Cap Rate: 10%
• Building: 8,000 sf
• Year Built: 1999
• Excellent Store Sales $1.492 Million in 2010
• Low Price per square foot Huge Lot 1.783 Acres including Tract A & Tract B
• Real Estate Taxes Base Period Only Landlord Protected against exposure to higher RE Taxes
• Four (4) New Trane HVAC units with 10 year Warranty for parts & labor
• Parking Lot Sealed
• The Family Dollar has AutoZone & Churches Chicken immediately adjacent to the property.
• The subject property is a 1999 built net leased property, on a Brand New 10 Year modified gross lease offered at a 10.00 % Cap Rate.
• Minimal maintenance is required as current owner added Four (4) new HVAC units and restriped & paved parking lot.
• There are 10% increases during the one, five-year option remaining.
• Store Sales
• 2010 - $1,492,243
• 2009 - $1,428,469
• 2008 - $1,280,058
• 2007 - $1,216,860
• 2006 - $1,120,110
• Located in a city that has an estimated population of 539,154.
• The city is thus the second-largest ciin Georgia and the second-largest metro area in the state after Atlanta.
• Date: 14 Jun 2011 11:31:01
Property #ST911. Request more information
• Best Buy
• Atlanta MSA
• New Pricing
• ABSOLUTE NNN LEASE
• Household Income $140,253 within 3 Miles
• No Landlord Responsibilities
• Assumable Loan
• Stockholders Equity of $6.3 billion
• Price: $9,308,000 (7.86% Cap)
• Wed, 01 Jun 2011 06:05:07
Property #ST910. Request more information
• Trader Joe's
• California
• OFFERS DUE BY JUNE 29, 2011
• Price: $7,650,000
• CAP: 5.61%
• Building: 12,813 sf
• Year Built: 2010
• New ten year lease with two, ten year options
• Great increases
• Trader Joe's opportunities are rarely on the market
• Dominant specialty grocer in the trade area
• 2010 construction
• Tremendous 101 freeway visibility with over 175,000 cars per day
• Average HH income over $154,000 year
• Part of a larger retail development
• Trader Joe's is a part of the larger development that took over 5 years to entitle and develop due to the restrictive nature of the city.
• Accordingly, vacancy in class A centers in this submarket is less than 5 percent.
• The tenant caters to affluent residents of Malibu, Calabasas, Westlake Village, Agoura, Oak Park, Thousand Oaks and North Ranch.
• Tue, 14 Jun 2011 14:13
Property #ST909. Request more information
• Tractor Supply
• Michigan
• Price: $1,976,470
• CAP: 8.50%
• Rare NNN Lease Structure
• Zero Landlord Responsibilities
• Scheduled Increases in Rent
• NASDAQ: TSCO
• Major Retail Trade Area Near to Major Mall Anchored by Macys, Sears, and JC Penney
• Established Location Across Next to Meijers Supercenter and Across from Walmart, Kohls, Staples, Menards, TJ Maxx, Bed Bath & Beyond, Sams Club and Target
• Tue, 14 Jun 2011 13:07
Property #ST906. Request more information
• Valvoline Instant Oil Change
• Price: $794,400
• Net Operating Income: $63,552
• Cap Rate:8%
• Building: 3,276 sf
• Year Built: 1993
• Land: 0.49 sf
• Lease Commencement: March 2010
• Lease Expiration: February 2021
• Lease Type: NN
• Options: Two 5-year options with 3% annual increases
• Date: 14 Jun 2011 07:45
Property #ST905. Request more information
• Foot Locker
• Maryland
• Bldg Area: 5,400 sq. ft.
• Land Area: 0.55 Acres
• Lease Type: Single Tenant NNN
• Price: $1,075,000
• Yield: 7.74 (CAP)
• 60 miles from downtown Washington D.C.
• Population growth of 12.5% is projected through 2015
• Foot Locker has been operating at this location for 37 years
• Area retailers include Lowes, Target, Best Buy, Kmart, and BJs
• Property has excellent street frontage and visibility
• Public company (NYSE: FL) with an S&P rating of B+
• 2009 average household income: $83,335 in 5 miles
• 2 miles from a Naval Air Station, which services over 20,000 people
• Tue, 14 Jun 2011 09:27:55
Property #ST904. Request more information
• Walgreens - Price Reduced 300k!
• California
• Price: $4,998,000
• Net Operating Income: $345,020
• Building Size: 14,905 SF
• Cap Rate: 6.90%
• Year Built: 2004
• Land: 1.66 acres
• High traffic corner in retail hub, next to Kohl's.
• Attractive, assumable non-recourse financing.
• Low equity requirement (less than $2 million).
• Freestanding building, corner location.
• Fortune 50 national credit tenant.
• Date: 13 Jun 2011 14:19:53
Property #ST903. Request more information
• Verizon Wireless
• Price: $2,475,000
• Net Operating Income: $185,625
• Cap Rate: 7.50%
• Building Size: 4,500 sf
• Year Built: 2006
• Land: 0.81 acres
• Ten year lease expires 7/29/2016
• Two five-year options with rent increases
• NN Lease Landlord responsible for roof and structure
• Profitable Location for Verizon
• Corporate lease
• Excellent area demographics
• Date: 13 Jun 2011 13:14:05
Property #ST899. Request more information
• Dollar General
• Upstate New York
• Price: $731,984
• Net Operating Income: $67,708.56
• Building: 11,457 sf
• Cap Rate: 9.25%
• This is a 11,457 square foot building leased to Dollar General on a 10 year NN lease.
• Landlord is reimbursed for Taxes and Maintenance.
• Located on the Main St of the city
• This store provides the community it's grocery needs.
• Date: 13 Jun 2011 12:57:29
Property #ST898. Request more information
• Two Jared's
• Southeast Locations
• Developer building two stores
• If a buyer wants to get creative, closing could close in escrow.
• Jared the Galleria of Jewelry is a division of Sterling Jewelers Inc.
• Mon, 13 Jun 2011 13:49:46
Property #ST895. Request more information
• Single Tenant Office
• Indiana
• The single tenant is BP
• Price: $19,300,000
• CAP: 7.85%
• Institutional Quality Asset
• Scheduled Increases in Rent
• NYSE: BP
• S&P Rated A Credit - Investment Grade
• Building Expansion Available to Over 1,000,000 SF
• 2010 NAIOP Industrial Development of the Year Nominee
• Prime Location Off Interstate 94
• Mission Critical Facility for BP
• Mon, 13 Jun 2011 11:58:27
Property #ST894. Request more information
• Crinos Italian Restaurant
• California
• Pad to Target
• New 15 Year NNN Lease
• 12% Increases
• Price: $2,665,000
• Net Operating Income: $180,000
• Cap Rate: 6.75%
• Building: 6,842 sf
• Land: 61,420 sf
• Brand New FIfteen (15) Year Absolute NNN Lease
• Signalized Hard-Corner Outparcel to Target Anchored Power Center
• Experienced Operator / Largest Carino's Franchisee
• Exceptional Scheduled Rental Increases - 12% Every Five (5) Years
• Large Parcel of Land - Over 61,000 SF at the SIgnalized Hard Corner of Target Anchored Center
• Strong Surrounding Demographics
• Mon, 13 Jun 2011 08:00:23
Property #ST893. Request more information
• Enterprise Rent-A-Car
• Illinois
• Corporate Signature
• Price: $900,000
• Net Operating Income: $65,700
• Cap Rate:7.30%
• Building: 4,000 sf
• Year Built: 2008
• Land: 1 acres
• Original 5 year term expires 2013
• Enterprise has exercised their 1st 5 year option
• Corporate Guarantee through 2014 with a right to terminate
• NN Lease (LL responsible for roof and structure)
• S&P Rating BBB.
• Unlike other car rental companies, Enterprise focuses on neighborhood markets. They specialize in renting to people who need a temporary replacement car or a vehicle for a special occasion.
• Our branches are located in neighborhoods, where their customers live and work; in fact, there is an Enterprise branch within 15 miles of 90 percent of the U.S. population.
• Enterprise currently operate more than 7,000 rental offices in five countries, with a rental car fleet of more than 720,000 vehicles including more than 120 different makes and models.
• In 1995, Enterprise opened its first on-site airport location at the Denver International Airport; they now operate 230 on-site airport locations throughout the nation and in Canada, the U.K., Germany and Ireland.
• Date: 13 Jun 2011 06:17:35
Property #ST892. Request more information
• DOLLAR GENERAL STORE
• South Carolina
• PRICE: $1,030,000
• CAP RATE: 8.39%
• BASE LEASE TERM: 15 YEARS NNN
• LEASE COMMENCEMENT: OCTOBER 1, 2011
• Tenant: Dolgencorp, LLC (with Dollar General Corporate Guarantee)
• Property Type: Single-Tenant Freestanding Building
• Building: 9,014 SF Clear-Span Pre-Engineered Metal Building with Split-Block Face and Glass Store Front
• Parking: 36 Spaces
• Year Constructed: 2011 Construction
• Land Area: 1.6+/- Acres
• Base Lease Term: Fifteen (15) Years NNN
• Initial Monthly Base Rent: $7,198
• Initial Annual Base Rent : $86,387
• Rent Schedule................ Years ..............Annual Rent.......... % Increase
• Base Term..................... 1-15................ $ 86,387
• 1st Option Period ...........16-20............. $ 95,025 ................+ 10 %
• 2nd Option Period........... 21-25 ............$ 104,775 ..............+ 10 %
• 3rd Option Period ............26-30 ............$ 114,972 ...............+ 10 %
• 4th Option Period ............31-35 ............$ 126,468 ..............+ 10 %
• 5th Option Period ............36-40 ............$ 139,116 ..............+ 10 %
• 2010 Population .....3 Mile Radius .........7 Mile Radius
• Total Population .....4,955 .....................14,143
• Total Households ...2,138 ......................5,642
• 2010 Income..............3 Mile Radius .........7 Mile Radius
• Average Household ...$49,263 .................$46,281
• Medium Household ....$40,685 .................$37,968
• 2009 Traffic Count
• Highway: 12,900 vehicles per day
• Dollar General is the nations largest small-box discount retailer with more than 8,800 stores located in 35 states. Dollar General helps shoppers Save Time. Dollar General reported record sales of $13.05 Billion and net income of $628 Million for its fiscal year 2010. The company reported a strong same store sales increase of 4.9% over fiscal year 2009.
• Mon, 13 Jun 2011 08:57:44
Property #ST891. Request more information
• Dollar General
• Arizona
• List Price: $1,125,000
• CAP: 7.64%
• Base Rent: $85,894.80
• Increases: 12.% every five years
• Building S.F.: 9,014
• Lease Type: Double Net (NN)
• Landlord Responsibilities Roof & Structure
• Lease Term: 10 Years, 4 years remaining
• Parcel Size: 1.23 Acre (53,445 sqft)
• Year Built: 2005
• Options: 3 (5) year, 12% increases
• Parking Stalls 49 spaces
• Located two blocks South from new 19 acre Retail Center
• Traffic counts over 17,969 VPD
• Large Block Building 9,014 square foot
• Large Parcel 53,445 square feet
• Corporately Guaranteed
• 52.19% population growth since 2000
• Fri, 10 Jun 2011 16:35:55
Property #ST890. Request more information
• AutoZone
• Dallas, Texas
• List Price: $1,955,555
• CAP: 6.75%
• Base Rent: $132,000
• Increases: 10% in year 10, thereafter
• 10% every five years in option period
• Building S.F.: 7,360
• Lease Type Double Net (NN)
• Landlord Responsibilities Roof & Structure/roof has 15 warranty
• Lease Term: 20 Years, 17 years remaining
• Parcel Size: .88 Acre (38,332 sqft)
• Year Built: 2008
• AutoZone Corporate Lease
• Traffic Counts Over 40,000
• Large 7,360 square foot building
• Large parcel size 38,332 square feet
• Fee Simple Deal
• Fri, 10 Jun 2011 16:35:55
Property #ST889. Request more information
• Burger King
• Texas
• Located at an Off/On ramp to I-37
• Seasoned 40 unit operator
• Traffic Counts over 20,150 VPD (2007 counts)
• Large parcel
• Only fast food restaurant located at the off/on ramp
• Burger King Franchisee currently with 40 Burger King locations
• List Price: $1,490,322
• CAP: 7.75%
• Base Rent: $115,500
• Increases: 5% every five years
• Building S.F.: 3,800
• Lease Type: Triple Net (NNN)
• Lease Term: 20 Years, 10 years remaining
• Parcel Size: .71Acre (30,923 sqft)
• Year Built: 2000
• Options 4 (5) year, 5% increases every 5 years
• Fri, 10 Jun 2011 16:35:55
Property #ST888. Request more information
• Co-Branded Burger King & Valero Gas Station
• Texas
• Price: $2,240,000
• CAP Rate: 7.50%
• Triple Net Lease
• Annual Rent: $168,000
• Increases: 5% every five years
• Lease Type Triple Net (NNN)
• Lease Term: 20 Years, 12 years remaining
• Year Built: 2004
• Options: 4 (5) year, 5% increases every 5 years
• Parcel Sqft: 43,560
• Building Sqft: 4,000
• Located at an Off/On ramp to a Highway
• Seasoned 40 unit operator
• Co-Branded Burger King & Valero Gas
• Controlled Intersection
• Traffic Counts over105,000 VPD (2007 counts)
• Strong Store Sales
• Fri, 10 Jun 2011 16:35:55
Property #ST887. Request more information
• Family Dollar
• Nevada
• Located in Las Vegas minutes from the strip
• Sales for 2009 $1,132,681
• Traffic counts over 54,000 VPD (2009)
• Large Block Building 7,888 square foot
• Large Parcel 34,848 square feet
• Corporately Guaranteed
• List Price: $1,202857
• CAP: 7.00%
• Base Rent: $84,200.04
• Increases: 10.% every five years
• Building S.F.: 7,888
• Lease Type: Double Net (NN)
• Landlord Responsibilities: Roof & Structure
• Lease Term: 10 Years, 4 years remaining
• Parcel Size: .80 Acre (34,848 sqft)
• Year Built: 2005
• Options 4 (5) year, 10% increases
• Parking Stalls: 69 spaces
• Family Dollar is one of the fastest growing discount store chains in the United States.
• Currently Family Dollar Corporation operates more than 6,800 stores nationwide.
• Under the lease, the tenant is responsible for payment of all taxes, insurance and common area maintenance charges for the property.
• The landlord is responsible for maintaining the roof and structure of the building.
• Fri, 10 Jun 2011 16:35:55
Property #ST886. Request more information
• Sweet Tomatoes
• Kansas City MSA
• Just Listed
• Absolute NNN Corporate Leased
• Price: $3,966,250
• Cap Rate: 8.00%
• Building Size: 7,296 sf
• Lot Size: 1.28 acres
• Year Built: 2001
• Absolute NNN corporate lease
• 20-year primary term with two (2), ten-year options (~10 years remaining)
• Rent commenced 2/2001
• Escalation of CPI capped at 10% every 5 years
• The 5-mile demographics around this site reflect approximately 250,000 people with average household incomes of over $104,000
• Situated in an area characterized by office, retail, and single family residential homes
• Easy access, good visibility from the roadway, and plenty of parking
• Fri, 10 Jun 2011 16:27:45
Property #ST885. Request more information
• FALLAS PAREDES
• California
• Fallas Paredes parent has over 2 00 locations
• Dense In-Fill Location
• NN Lease (Except Roof and Structure)
• Price: $3,950,000
• Net Operating Income: $325,750
• CAP: 8.25%
• Year Built: 1993
• Approx. Lot Size: 80,071
• Building Square Feet: 28,340
• Credit tenant
• This stand alone Fallas Paredes building is a rare opportunity to buy a single tenant property with a below market rent and low cost per square foot.
• Fallas Paredes is a sub-tenant of KV Mart.
• The subtenant expires 12/31/12 with one five year option and has an increase on January 1, 2013 to $27,500 per month.
• The KV Mart lease began 11/1/93 and expires 12/31/17.
• KV Mart rent is $27,500 per month, and KV Mart is the tenant. FALLAS PAREDES: National Stores Inc. is a family-owned, family-oriented company established in 1962 now with more than 200 locations in California, Texas, Arizona, New Mexico & Nevada. National Stores Inc. stores include: Fallas Paredes, Fallas Discount Stores, Fallas Kid Stores and Factory 2U, offering a big selection of quality brand name & private label clothing, shoes and home decor.
• K.V. MART: is one of the largest independent grocery store chains in Southern California in business over 30 years with 25 locations.
• Its brands include Top Valu Market, Price Rite, Valu Plus Warehouse, Buy Low Market, and Amar Ranch Market.
• Date: 10 Jun 2011 10:57:01
Property #MED306. Request more information
• Medical Office Building III
• Texas
• MOB leased to established dental practitioner
• Part of MOB office park with Excellent demographics
• 20-year NNN lease in place
• Long-term assumable financing with 6.5% interest rate
• Offered at an 8.95% cap rate
• $292,000 down yields a 9.72% year 1 cash-on-cash return
• Price: $1,050,000
• Net Operating Income: $95,162
• Cap: 8.95%
• Building: 3,560 sf
• Year Built:2008
• This facility was constructed in 2008 as a build-to-suit for a DDS.
• This Doctor executed a 20-year lease and designed the facility for future growth.
• The building has a large reception room and seven (7) operatory spaces.
• The building is situated in the a Medical Center as one lot of a three lot development designed specifically for medical office tenants.
• The site is heavily wooded with natural shade trees and the parking lot is accented with old-fashioned style street lights.
• Each building is professionally landscaped to further enhance the attractiveness of the development.
• The site is located at a corner
• The demographics in the area are excellent with the average household income exceeding $120,000 (significantly above the US average and Texas average).
• The city is conveniently located with access to two major airports within 10 miles (Dallas/Fort Worth International Airport 9 miles away and Alliance Airport 4 miles away.
• Traffic counts exceed 35,000 VPD (per City).
• Two fully developed lots remain available for future build-to-suit medical tenants.
• Date: 10 Jun 2011 10:21:36
Property #MED305. Request more information
• Medical Office Bldg II
• Texas
• 3 Tenant Medical Office Building - Part of a 6 building Medical Office Park
• Near the a Texas Regional Medical Center
• Fully Occupied with NNN Leases
• Long-term assumable financing with 6.5% interest rate
• Offered at 8% Cap Rate
• $519,033 down yields an 8.28% cash-on-cash return
• Price: $1,470,000
• Building: 5,547 sf
• Net Operating Income: $117,600
• Cap Rate:8%
• Year Built: 2008
• Land: 1.65 acres
• This multi-tenant medical office building was completed in late 2008.
• It is leased to three different tenants a chiropractic office, a dental office, and a respiratory disease ICU.
• The dental office and chiropractic office are on 20-year leases and the respiratory disease ICU is on a 5-year lease.
• All leases are NNN with the tenants paying for taxes, insurance, and common area maintenance.
• The building is part of a six building complex and is located less than one mile from a Regional Medical Center.
• The development is professionally landscaped and is designed with sufficient parking to accommodate 100% medical tenants.
• The site is located in a suburb of the Dallas-Fort Worth Metroplex area and is located approximately 15 miles from Dallas.
• The suburb is an affluent community with average household income in a 3-mile radius of $83,047.
• Date: 10 Jun 2011 10:16:33
Property #MED304. Request more information
• Medical Office Bldg
• Texas
• 11,000 +/- SF Medical Office Building with Convenient access to multiple surgery centers & hospitals
• Direct access to a Municipal Airport
• New construction with new NNN leases
• Offered at an 8.0% cap rate
• Building 2 of a Development to be completed October 2011
• Seller will guarantee rental income for un-leased suites at the time of sale for 12-months
• Price: $2,770,000
• Net Operating Income: $222,036
• Cap Rate: 8.02%
• Building Size: 11,378 sf
• Land: 33,483 sf
• This proposed multi-tenant medical office building is scheduled to break ground in June 2011 and be delivered by the end of October 2011.
• The building has 10,744 square feet of net leasable area and will be divided into five (5) suites.
• Two of the five suites have already been pre-leased.
• All leases will be NNN with the tenants paying for taxes, insurance, and common area maintenance.
• The seller will guarantee the rental income for any un-leased suites at the time of sale for a period of 12-months.
• The building is the second building of a proposed eight building complex and is located across from a Municipal Airport.
• The development is professionally landscaped and is designed with sufficient parking to accommodate 100% medical tenants.
• The site is strategically located with quick access to a Diagnostic and Surgery Hospital, a USMD Hospital and a Medical Center.
• Date: 10 Jun 2011 09:35:53
Property #ST884. Request more information
• Goodyear
• Texas
• Income Tax-Free State
• Price:$2,142,888
• Net Operating Income: $150,000
• Building: 5,864 sf
• Cap: 7.00%
• Land: 38,836 sf
• Located off a 65,000 cpd Parkway and off a 37,000 cpd street
• Corporate guaranteed Goodyear located on a corner lot amongst other strong retail tenants such as nearby Kroger, Starbucks, Chase, and Dunkin Donuts.
• The surrounding area is primarily residential housing, with accompanying community amenities such as parks, schools, and churches.
• Just 30 minutes north of Dallas
• Located in a natural suburb to this 9th largest city in the nation.
• With a population of 120,00 and growing, this suburm's median hh income is a respectable $101,000/yr. Forbes Magazine named this suburb the 7th "Fastest Growing Suburb" in the nation.
• Founded in 1898, Goodyear has grown into the No. 1 tire maker in North America and Latin America with a market cap of $4.3 Billion.
• In addition to the manufacture and sale of tires, the company operates approximately 1,500 tire and auto service center outlets, where it offers its products for retail sale and provides automotive repair and other services.
• Date: 10 Jun 2011 08:45:45
Property #ST883. Request more information
• Chase Bank - LEASEHOLD
• California
• Strong Credit Tenant - JP Morgan Chase
• High Profile Retail Location
• Within the a Trade Area with Average Household Income of $113,300
• Brand New Long Term 20 Year Lease
• Irreplaceable Intersection Location
• Excellent Visibility and Exposure
• Price: $1,456,000
• Net Operating Income: $91,000
• Cap Rate: 6.25%
• Building: 4,150 sf
• Lot Size: 20,860 sf
• Year Built:2011
• This offering consists of an Absolute Triple-Net Leasehold Investment backed by JP Morgan Chase Bank on a newly executed, long term lease.
• The property is at an intersection with a combined traffic count of over 63,000 vehicles per day.
• The property is very well positioned within a densely populated and an affluent Beach community.
• The subject property is located on an irreplacable hard corner at the intersection
• Situated a quarter mile from the beach, this new state-of-the-art Chase Bank Building has tremendous visibility to this high traffic intersection.
• Located in a dense infill location (over 378,724 people within a 5-mile radius) and is adjacent to a highly successful, newly constructed CVS Pharmacy
• Date: 9 Jun 2011 16:10
Property #ST881. Request more information
• Lowes Home Improvement Center
• Pennsylvania
• 20 years remaining on the lease
• The rent is flat
• Price: ~$21 million
• If looking for a quality investment with built-in fully-amoritzing financing already in place, this may work!
• This Lowe's will not make sense to the average investor since it comes with self-liquidating debt and pays about a 2% cash-on-cash.
• Thu, 09 Jun 2011 11:59:31
Property #ST879. Request more information
• Walgreens (Zero Cash Flow)
• Wisconsin
• Zero cash flow debt with no phantom income until 2024
• Attractive assumable debt with only 11.5% equity requirement
• Investment grade tenant with a long term lease
• Property is located within a MSA
• Recently constructed property with high barriers to entry
• Located near Miller Park and three interstates
• Price: $5,111,800
• Cap Rate: 7.43
• Net Operating Income: $380,000
• Rental Escalations: None
• Renewal Options: Fifty 1-Year
• Lease Commencement Date: August 1, 2008
• Lease Expiration Date: July 31, 2033
• Credit Rating: A+
• Year Built: 2008
• Lease Type: NNN
• Rentable Square Feet: 14,490
• Land Size: 1.54 acres
• Financing: The property has existing financing in place that must be assumed.
• Annual Rent: $380,000
• First Mortgage Debt Service: ($373,763)
• Trustee Fee: ($2,700)
• Cash Flow: $3,537
• There is an underlying first mortgage of $4,523,683 at a 6.64% interest rate, with annual debt service of $373,763 payable in monthly installments starting April 2009 and fully amortized as of October 2033 (balance $4,374,115 as of February 2011).
• This loan is wrapped by an interest only loan of $4,523,683 at an 8.405563% interest rate, with annual debt service of $373,763 payable in monthly in interest only installments on a monthly basis due April 2024 and open to pre-payment after April 2019 until April 2024 when it balloons.
• The wrap loan has no pre-payment penalty, except underlying yield maintenance if owner elects to prepay the underlying loan.
• Loan may be assigned three times with a 1% loan assumption fee paid to underlying lender plus legal review of purchaser entity.
• For instance as of May 2019, underlying loan balance will be $3,591,000. Owner may elect to either (i) pay off entire $4,523,683 loan including yield maintenance on the $3,591,000 underlying, (ii) pay off wrap loan balance of $932,683 ($4,523,683 less $3,591,000) and leave existing underlying loan in place or (iii) leave wrap debt in place for up to five more years.
• Walgreens directly deposits monthly rent into Trustee account with excess balance remitted to Owner.
• Underlying lender's annual trustee account fee is $2,700.
• Throughout term of wrap loan, Owners assumption of the wrap mortgage confirms that all Owners debt payments are interest only.
• This allows for no phantom income until 2024.
• The underlying lender remits a year end statement to wrap lender with wrap lender's tax ID.
• Wrap lender issues a statement to Owner's tax ID confirming that Owner has paid $373,763 of interest (no principal).
• Recently constructed Walgreens located 1.25 miles from a VA Medical Center.
• This center is located on 125 acres and receives 500,000 visits annually through an extensive outpatient program.
• The property is surrounded by single family homes and other commercial users with multiple barriers to entry.
• Walgreens is an investment grade company with a Standard & Poors rating of A+.
• Date: 9 Jun 2011 14:27:45
Property #ST878. Request more information
• ConocoPhillips
• Illinois
• Chicago MSA
• Price: $4,124,000
• Net Operating Income: $371,169
• 9.0% cap rate
• 9.0% Cap Rate
• Long Term Lease
• 1.75% annural rent escalations
• Absolute net lease with no landlord responsibilities
• Signalized intersection
• Located within the Chicago MSA
• Date: 9 Jun 2011 14:26:21
Property #ST877. Request more information
• Portfolio of 4 Kangaroo Convenience Stores
• South Carolina
• Net Leased
• PRICE: $5,663,200
• NOI: $440,000
• CAP RATE: 7.8%
• CPI ADJUST: 1/2012 (Max 6.50%)
• TERM: Approx 11 yrs remaining
• Parent Company: The Pantry, Inc.
• Market Position: The largest independently owned convenience store chain in the Southeast.
• Number of Stores: 1672 at end of 2010
• Stock Symbol: PTRY
• Exchange: NASDAQ
• Financial Reports: Available on The Pantry website
• Date: Thu, 9 Jun 2011 16:30:56
Property #ST876. Request more information
• Cadillac Ranch For Sale
• Indiana
• National Retailer
• 15 Year Lease
• Located in a Affluent Area
• Upscale shopping in immediate area
• Surrounded by dense, affluent residential
• Nationally known hotels, offering more than 1,000 guestrooms plus conference, meeting and catering facilities
• Over 2 million square feet of office space in the market
• Approximately 50 restaurants in immediate area from casual to fine dining, presenting a variety of options and generating traffic
• 100 % Occupied 15,062 Square Foot Cadillac Ranch Restaurant and Entertainment Property
• Price: $1,925,000
• This free standing retail property located on 1.7 acres and is a 15,062 square foot restaurant and entertainment property.
• This restaurant and entertainment venue is minutes from a Mall anchored by Saks Fifth Avenue, Nordstrom, and Crate & Barrel
• This is an outparcel to a highly successful 130,000 S.F. Shopping Center that is anchored by Barnes & Noble, OfficeMax, and Babies R Us.
• The shopping center to the east is under construction and will include The Container Store, Nordstrom Rack, and Buy Buy Baby.
• With combined traffic counts over 55,000 vehicles per day and outstanding access and visibility, this property is a great investment in the short-term and the long-term.
• Outstanding five (5) mile demographics with 174,000 full time residents (over 240,000 daytime population) earning an average household income over $94,000.
• Date: 9 Jun 2011 14:20:00
Property #ST875. Request more information
• Chase Bank
• California
• Price: $3,780,000
• Net Operating Income: $189,000
• Cap Rate:5%
• Building: 5,943 sf
• Land: 0.93 acres
• Single Tenant NNN Chase Bank (NYSE: JPM); JPMorgan Chase Corporate Guaranteed Lease.
• Outstanding Credit Tenant; JPMorgan Chase features an AA- S&P Investment Grade Credit Rating.
• In May 2011, Forbes named JPMorgan as #1 in The World's Leading Companies list of 2000 global companies.
• 10 Year NNN Lease; 10% Rental Increases Every 5 Years; Three 5-year Options.
• Rare Southern California Investment Grade Opportunity.
• Irreplaceable Location; Ideally Situated at a Signalized Entrance to the Dominant Power Center in the Region.
• Outstanding Retail Synergy and Regional Customer Draw Created by the Following Notable Co-Tenants: Walmart, Target, Office Depot, PetSmart, Ross, Old Navy, Michael' s, Babies R Us, Subway, Carl' s Jr., Rubio' s, and T-Mobile.
• Located Immediately Adjacent to the Highway 78; Excellent Accessibility, Identity and Visibility.
• Average Daily Traffic Count of Approximately 59,000 Cars per Day
• Ease of Management Single Tenant NNN Investment.
• Located Immediately Adjacent to a Highway; Excellent Accessibility, Identity and Visibility.
• Ideally Situated at the Signalized Entrance to North County Square with Anchor Tenants including Walmart, Target, Office Depot, PetSmart, Ross, Old Navy, Michael' s, and Babies R Us.
• Traffic Counts in Excess of 132,000 Cars Per day at the Sycamore Drive Exit off Highway 78.
• Strategically Located along a Highway 78 at the midway point between two Interstate freeways.
• Outstanding Regional Draw; Centrally Located
• Average Household Income in Excess of $81,000 within a 3-Mile Radius.
• Over 250,000 Residents Live within a 5-Mile Radius of the Subject Property.
• Adjacent to a 55,000 square foot College Campus.
• Date: 9 Jun 2011 13:08:21
Property #ST871. Request more information
• Single Tenant Office Building
• Ohio
• Price: $6,100,000
• Building: 38,240 sf
• Cap Rate: 10.50%
• Year Built: 2009
• Interchange location
• Great 1031 replacement property
• Absolute NNN deal
• Flexible layout for future
• 38,240 sq. ft two story, single tenant office building built in 2009 for headquarters.
• Almost 10 years left on an absolute NNN deal.
• Annual 5% increases starting in 2014
• Great 1031 replacement property for out of town investors.
• Flexible layout for future tenancy.
• Interchange location!
• Next door to brand new 40,000 sq. ft. Municipal Court House and adjacent to all new retail and hotel amenties.
• Date: 9 Jun 2011 08:30
Property #ST870. Request more information
• Near the Huge New Exxon Office Complex
• Price: $2,607,000 6.75% Cap Rate
• $73K Incomes, 50% Population Growth
• Outstanding Visibility and Access from Interstate 250,000 Cars Per Day
• Proven Experienced Panera Franchisee Highly Profitable
• LOT SIZE: Approximately 0.75494 acres 32,644+/- square feet
• IMPROVEMENTS: Under construction, to be completed and opened mid-August 2011, a 4,000+/- square foot freestanding Panera Bread bakery-caf้.
• This is NOT a ground lease. Improvements are included in the sale.
• LEASE: Leased to a franchisee of PANERA BREAD COMPANY for 15 years from August 2011 until August 2026.
• The initial annual net rent of $176,000 increases by 10% every five years throughout the initial term.
• The lease is absolute net, with the tenant responsible for taxes, insurance and all maintenance, including roof and structure.
• There are three 5-year options to renew. See rent schedule below.
•
• ANNUAL INCOME
• YEARS............ANNUAL RENT.............. RETURN
• 1-5................. $176,000....................... 6.75%
• 6-10............... $193,600 .......................7.43%
• 11-15............. $212,960 .......................8.17%
• Option 1......... $230,000....................... 8.82%
• Option 2......... $250,000....................... 9.59%
• Option 3......... $270,000....................... 10.36%
•
• PRICE $2,607,000 6.75% Cap Rate
• RENT PER SQUARE FOOT $44.00 net per year $3.67 net per month
•
• ABOUT PANERA BREAD
• PANERA BREAD COMPANY (NASDAQ: PNRA) owns and franchises 1,467 bakerycafes as of March 29, 2011 under the Panera Breadฎ, Saint Louis Bread Co.ฎ, and Paradise Bakery & Caf้ฎ names. Its bakery-cafes sell breads, sandwiches, soups, salads, and other bakery items. It is headquartered in Sunset Hills, Missouri, a suburb of St. Louis.
• For the first quarter ended March 29, 2011, the company reported total revenue of $422 million (16% increase compared to the same period in fiscal 2010), net income of $33 million (26.8% increase) and stockholders equity of $632.38 million.
• For the fiscal year ended December 28, 2010, Panera Bread reported total annual sales of $1.54 billion, with net income of $111.89 million.
• Additional information is available on the website, http://www.panerabread.com.
• PNRA does not guarantee the lease.
•
• ABOUT THE TENANT The franchisee tenant is an L.L.C. which currently owns and operates seven Panera locations in the north part of Houston this will be the eighth. It can be demonstrated to a buyer that this franchisee is one of the most successful and highly rated in the entire Panera system. The L.L.C. entity signing the lease operates all these eight stores. This store is unique among the eight stores because it will be the frrst to have a drive-thru. The franchisees seven current stores average $40,000+ per week ($2+ million per year) and do not have a drivethru. The estimate, based on other Paneras elsewhere with a drive-thru, is that sales here will be $50,000+/week, or $2.5 million per year.For 2011, the tenants revenue at its seven existing locations are running at an annualized rate of $2+ million per location, or $14 million total. (2010 actual revenue was just under $14 million).
• Date: Thu, 09 Jun 2011 11:20
Property #SHOP366. Request more information
• Dollar General & City of San Antonio
• Texas
• Purchase Price: $2,885,000
• Cap Rate: 8.85%
• Net Operating Income: $255,399
• Assumable In-Place Debt: $2,100,000
• Equity Required: $785,000
• Leveraged Return: 10.13%
• Land Size: ~118,396 square feet
• Building Size: ~21,930 square feet
• Tenants: ท Dollar General, Inc. $ The City Of San Antonio
• Recent Remodel: Completely remodeled in 2010, owner spent $800,000 in renovations to interior/exterior
• Traffic Counts: Interstate 114,000 ADT
• Interstate 118,000 ADT
• Population:.....1 mile 15,093
• Population:.....3 mile 146,545
• Population:.....5 mile 338,653
• Attractive Assumable Financing
• The existing financing allows for an investor to come in with just
• $785,000 in equity and assume the favorable debt that is already in place.
• An investor will recognize a leveraged return of 10.13% in the first year of acquisition and will increase to approximately 11.8% in just four years.
• Highway Visibility
• The property enjoys highway visibility from a Interstate 10 where traffic counts exceed 110,000 cars per day.
• The property also sits adjacent to a Interstate interchange where over 230,000 cars pass through daily.
• Secure Tenant Mix
• Dollar General Corp. and The City of San Antonio provide a strong, diverse tenant mix.
• Dollar general, a nationally recognized tenant, has over 9,200 stores nationwide and had sales of $11.2 billion in 2009.
• The City of San Antonio is rated by S&P with a bond rating of AAA, the highest rating possible.
• Recent Remodel
• In 2010, upon lease execution with Dollar General and the City of San Antonio, the owner spent over $800,000 in upgrading the existing building and improvements.
• Capital improvements included
• A new HVAC system, new electrical and plumbing and resealing and
• restriping the parking lot.
• The interior was remodeled with new coloors, ceiling and interior finishing.
• Date: 8 Jun 2011 11:55
Property #ST869. Request more information
• CVS Distribution Center
• Texas
• Zero Cash Flow
• Assumable non recourse $20 Mill Loan
• NNN lease
• Approx 20 Years remaining
• Assume $20 Mill non recourse self amortizing loan
• 1031 Exchange or long term hold investment
• Thu, 9 Jun 2011 10:20:22
Property #ST868. Request more information
• 30 acre petro truck stop
• Alabama
• Available
• Please inquire for more information about this highly confidential offering
• Thu, 9 Jun 2011 07
Property #ST866. Request more information
• AutoZone
• California MSA
• Corporate Guarantee
• Investment grade national tenant with over 4,600 locations. (S&P Rating: BBB)
• Limited NNN product available in Northern California.
• 10% rental increases every option.
• NNN lease - limited managerial obligations.
• Successful location: In 2004 AutoZone added an additional 1,200 SF and extended lease from 2008 to 2018.
• Excellent visibility and access. High traffic count
• Building Area: 6,600 sf
• Land Area: 22,933
• Parking Spaces: Shared Parking
• Construction Date: 1998
• Lease Guarantor: Corporate
• Credit Rating: S&P: BBB
• Stock Symbol: NYSE: AZO
• Lease Type: NNN
• Rent Commencement: 9/28/98
• Lease Expiration: 9/30/18
• Options: (3) 5-year options
• Increases: 10% every option
• Option #1: $137,500
• Option #2: $151,250
• Option #3: $166,375
• Tenant Obligations: Property taxes, insurance, utilities, CAM (including 10% administration fee and roof repairs), glass and doors, exposed interior plumbing and HVAC.
• Landlord Obligations: Structural repairs.
• Price: $2,000,000
• per SF: $303.03
• per SF: Land Area $87.21
• NOI: $125,000
• per Month: $10,417
• per SF per Month: $1.58
• Cap Rate: 6.25%
• Date: Thu, 9 Jun 2011 02:49
Property #ST865. Request more information
• Corp Hy-Vee Gas Station-Kohl's/Gordman's Outparcel
• Iowa
• Price: $695,000
• Net Operating Income: $55,579
• Cap Rate: 8%
• Building Size: 975 sf
• Year Built: 1995
• Land Area: 30,000 sf
• Corporate Guarantee from Hy-Vee - Among the Top 30 Supermarket Chains in the US with Over 228 Store Locations & Sales in Excess of $6.4 Billion!
• 6 Years Remaining on Initial 20-Year Absolute NNN Lease
• Rental Escalation in 2012 & in Option Periods
• 30,000 Sq. Ft. Parcel (Offering Fee Simple Ownership in Building & Land)
• Pad Site to a Gordman's, Guitar Center, Kohl's & Petco (Across the Street from Lowe's & Sam's Club)
• Date: 8 Jun 2011 15:24
Property #ST863. Request more information
• Dairy Queen
• Texas
• Lease: 20 year lease commenced in October 2010
• Lease Type: Triple net, no landlord responsibilities
• Guarantor: 85 unit franchisee and personal guarantee
• Rent: $105,000
• Increases: 10% every 5-years.
• Price: $1,235,294
• Cap: 8.5%
• Wed, 8 Jun 2011 15:11
Property #ST862. Request more information
• SINGLE-TENANT NET LEASED INVESTMENT
• California
• BRAND NEW 16-YEAR LEASE
• PRICE: $2,295,000
• CAP RATE: 5.75 %
• LEASE TERM: 16 Years
• TENANT: Rabobank, N.A.
• OWNERSHIP TYPE: Fee Simple (Not a Ground Lease, Buyer is acquiring the Land and Building)
• Building Size: 5,300ฑ Square Feet
• Lot Size: 46,173 Square Feet (1.06 Acres)
• Year Built: 2006
• Lease Term: New 16-year Lease
• Lease / Rent Commencement: December 8, 2010
• Lease Expiration: December 7, 2026
• Option to Renew: One (1) 10-Year, at Fair Market Value Terms
• Lease Type: NNN, with tenant responsible for property taxes, utilities, insurance, and maintenance
• Base Rent: $131,947.20* Annually / $10,995.60* Monthly
• * Price, cap rate, and rent based on 12/8/11 rent increase, in addition, for the first 12 months of the lease (thru 12/8/11) Tenant pays base rent of $8,750.00 per month, Seller will credit the Buyer the prorated difference in rent at the close of escrow.
• Rent Increases: 2% Annually
• First Right of Refusal: Yes, within 5 days of written notice under substantially the same terms as the accepted offer.
• Avg. Daytime Population:
• 1-mile radius = 4,781
• 3-mile radius = 9,249
• 5-mile radius = 11,600
• Avg. HH Income:
• 1-mile radius = $ 49,958
• 3-mile radius = $ 49,672
• 5-mile radius = $ 49,853
• The property is located near a signalized intersection
• This site offers convenient access to the on/off ramps of Interstate 5, Californias main NorthSouth Interstate route linking the southernmost part of California to the northernmost part of Washington State and serving some of the largest cities of that part of the U.S., including San Francisco/Oakland, Sacramento, Los Angeles, San Diego, Seattle and Portland.
• The subject property caters to the banking needs of the local and surrounding communities and area businesses.
• Neighboring retailers in the immediate area include Safeway, Rite Aid, McDonalds, Burger King, Taco Bell, Jack in the Box, Dennys, Kragen, Starbucks, Several Gas Stations and Truck Stops, as well as numerous Hotels and Motels.
• Rabobank Group is a AAA rated financial services leader, with over $850 billion in assets, more than 9 million customers, and operations in over 35 countries.
• Date: 8 Jun 2011 13:24
Property #ST861. Request more information
• Walgreens JUST LISTED
• Georgia
• New Construction
• Atlanta MSA
• Price: $7,868,000 (6.47% Cap Rate)
• Brand new 25-year NNN lease with 50, 1-year renewal options
• Located in part of Atlanta MSA, with estimated growth of more than 70% in a 5-mile radius
• Annual Rent: $509,000
• Rent Commencement: August 2011 (Approx.)
• 14,820 SF Building on 2.366 Acres (Approx.)
• Walgreens Co. S&P Rated A with net worth in excess of $14.68 Billion
• Attractive retail property
• The property is 100% leased to Walgreens Co. (S&P: A/Stable) under a new twenty-five (25) year NNN lease that commences approximately August 2011.
• The subject property is located on a hard, signalized corner of two Highways across the street from a Kroger-anchored shopping center.
• Wed, 08 Jun 2011 13:30
Property #ST861. Request more information
• Walgreens - With Rent Increases!
• Bay Area - California
• Price: $5,600,000
• NOI: $400,000 net income per year.
• 12 years left on current lease
• Two twenty year options to renew with increased rent.
• Assumable loan of $3,300,000, due in one year.
• The loan needs to be assmed.
• Due in 1 year.
• Maybe a buyer could take subject to the load and avoid the assumption fee?
• Land area is 76,230 square feet.
• Building is 14,976 square feet.
• Rent began June 2002.
• Lease expires 2022.
• There are two 20-year options with increased rent.
• Owner wants an offer!
• Wed, 8 Jun 2011 09:01:53
Property #ST860. Request more information
• O'CHARLEY'S
• North Carolina
• Freestanding NNN
• Price: $2,390,973
• Net Operating Income: $173,345.50
• Building Size: 6,650 sf
• Cap Rate: 7.25%
• Lot Size: 1.75 acres
• Freestanding O'Charley's with corporate backed NNN lease in place.
• Annual rent increases based on CPI. Corner outparcel site to a K-Mart with 24,000+ daily traffic counts.
• On the main retail corridor with a regional mall close by.
• Population is 75,845 people within 5 miles of this site and is a bedroom community to both Greensboro, NC and Durham, NC.
• Date: 8 Jun 2011 07:52:26
Property #ST859. Request more information
• Logan's Roadhouse
• Texas
• Corporate Guaranty
• 15 Yrs remaining on NNN Lease
• Annual Rent Increases of CPI capped at 1.75%
• Excellent location along 820 Loop, pad to major Mall
• Price: $4,626,720
• Cap Rate: 7.50%
• Current Annual Rent: $347,004
• Average Term Yield: 8.47%
• Rent Increases:Yearly at CPI capped 1.75%
• Building Size: 7,956 sf
• Land Area: 1.29 acres
• Rent Commencement: 11/30/2006
• Lease Expiration: 11/29/2026
• Lease Type: NNN
• Landlord Responsibilities: None
• Options: Five 5-Year
• Lease Guaranty: Logan's Roadhouse, Inc.
• Credit Ratings: Private
• Store Built: 1999
• Wed, 8 Jun 2011 09:48:33
Property #ST858. Request more information
• NNN Oil Can Henry's
• Idaho
• Price: $1.22 Million
• Cap Rate: 8.00%
• Building Size: 2,842 sf
• Year Built: 2010
• New construction
• Corporate lease - 19 years remaining
• $2 million in rental income over lease term (excluding option periods)
• Annual escalations after 2015
• NNN lease
• Adjacent tenants include Walgreens, Key Bank, Albertson's and Gold's Gym
• The property is leased on a NNN basis to Oil Can Henry's Corporation.
• The lease has over 19 years remaining with annual escalations starting in 2015.
• The in place income stream equates to over $2M in rental income over the period of the lease excluding option periods.
• Tue, 7 Jun 2011 16:38
Property #ST857. Request more information
• CVS Pharmacy - Zero Cash Flow
• Illinois
• Price: $4,700,044
• Building : 13,225 sf
• Year Built: 2008
• Land Area: 1.80 acres
• Absolute NNN Lease
• Pay Down Re-Advance Feature Available (pull cash out!)
• No Loan Assumption Fee
• Structured Finance Available
• This is an opportunity to purchase a fee simple CVS Pharmacy with high leverage financing in place.
• 100% of the rent goes toward the debt service until the end of the initial term at, which time, the debt will be fully paid off.
• Cash price is $420,500 over the existing debt of $4,279,543.
• This is the equivalent of 9.83% in cash over the existing mortgage.
• Date: 7 Jun 2011 11:58:08
Property #ST856. Request more information
• Big Cash Pawn Shop
• Florida
• Bldg Size: 5,400 sq. ft.
• Lease Type: Single Tenant NNN
• Land: .50 Acres
• Price: $543,000
• CAP: 9.5%
• Expiration: 8/31/2015
• Located Across The Street From a Big Kmart and an Amusement Park
• 2008 Population (5-mile): 161,353; 2008 HH Income (5-mile): $56,459
• 4-Unit Experienced Operator
• The building was constructed in 1972 and is a former Kinney Shoe store.
• The property is located on a busy road with a traffic count of 30,000+ vpd.
• Date: Tue, 7 Jun 2011 14:55:33
Property #ST855. Request more information
• CVS Pharmacy
• Pennsylvania
• Lease runs to 2016
• First Option exercised
• NOI: $135,330
• Price $1,275,000
• Tue, 7 Jun 2011 11:35:24
Property #ST854. Request more information
• AT&T Net Leased
• Chicago, IL
• Annual Increases in Rent
• Price: $5,250,000
• 7.00% CAP
• Return: 6.67%
• Institutional Quality Asset
• New Long Term Net Leased Structure
• Zero Landlord Obligations
• Annual Increases in Rent
• Below Market Non-Recourse Financing
• NYSE: T
• S&P Rated A Credit - Investment Grade
• Tue, 7 Jun 2011 11:12:56
Property #ST853. Request more information
• Dollar General Portfolio
• Missouri
• Six Properties
• $2,295,000 - 11% Cap Rate
• Excellent Community Locations
• Outstanding Cost (<$46) PSF
• Tremendous Store Sales with Annual Increases
• Upside From Percentage Rents & Rent Bumps
• Stores May Be Purchased Individually
• Owner Financing Available For Qualified Purchasers
• Tue, 7 Jun 2011 10:45:00
Property #ST851. Request more information
• Big O Tires - Corporate Signature
• NNN Big O Tires Leased Investment Offering
• Las Vegas MSA
• Corporate Guaranteed Big O Tires, owned by TBC Corporation, a subsidiary of Sumitomo Corporation of America (SCOA).
• Asking Price: BEST OFFER
• Newly signed 5-year extension through April, 2016
• NOI: $119,821
• Building: 5,460 sf
• Land Area: .76 acres
• Just renewed through April 2016.
• Strong current and historical location sales.
• High traffic location
• Mon, 06 Jun 2011 14:32:05
Property #ST849. Request more information
• Sherwin-Williams
• North Carolina
• Outstanding location on primary commercial arterial in close proximity to rooftops and retail synergy
• The city has a population of nearly 80,000, the largest city in the County and is considered a bedroom community to Charlotte (approximately 20 miles away). It is at the heart of the high-growth northeast quadrant of the Charlotte MSA
• Approximately 5 years left on ten-year primary term lease
• Five, five-year option periods feature approximately 10% escalations each period
• Corporately guaranteed lease by Sherwin-Williams (NYSE: SHW), a Fortune 500 company
• Landlord is responsible for roof & structure and minor maintenance
• Price Per Square Foot: $186.22
• Capitalization Rate: 7.25%
• Total Building Area: 5,000 sf
• Lot Size: 0.5 acres
• Year Built: 2006
• Net Operating Income: $67,504
• Primary -------- 5/11/06 to 5/10/16 -------- $69,504
• Option 1 -------- 5/11/16 to 5/10/21 -------- $76,440
• Option 2 -------- 5/11/21 to 5/10/26 -------- $84,000
• Option 3 -------- 5/11/26 to 5/10/31 -------- $92,400
• Option 4 -------- 5/11/31 to 5/10/36 -------- $101,640
• Option 5 -------- 5/11/36 to 5/10/41 -------- $$120,000
• Sherwin-Williams is the largest paint manufacturer in the US and #2 worldwide, after Akzo Nobel. They are also a Fortune 500 company.
• Sherwin-Williams products include a variety of paints, finishes, coatings, applicators, and varnishes sold under the names Dutch Boy, Krylon, Martin-Senour, Red Devil, SherwinWilliams, Thompsons WaterSeal, and Minwax. It sells automotive finishing and refinishing products through wholesale branches throughout the Americas, as well as in Asia and Europe.
• The company operates more than 3,950 paint stores throughout North America and the world. Other distribution outlets (and competitors) include mass merchandisers, home centers, and independent retailers.
• Date: 6 Jun 2011 14:36:49
Property #ST848. Request more information
• 7-Eleven
• Florida
• NNN Reimbursed Lease
• Real Estate taxes are paid by the Landlord and then reimbursed by the Tenant.
• Building: 2,376 sf
• Year Built: 1999
• Land: 69,625 sf
• NOI: $72,600
• Price: Make an offer
• Lease Start: 4/1/1999
• Lease End: 3/31/2019
• Years Remaining: 7.88
• Options: Four, five-year options to renew with a 10% rental increase per option.
• 1st Option: $87,846
• 2nd Option: $96,630.60
• 3rd Option: $106,293.72
• 4th Option: $116,923.08
• Rental Escalations: 10% every 5 years.
• LY 1-5 $60,000.
• LY 6-10 $66,000.
• LY 11-15 $72,600.
• LY 16-20 $79,860.
• Traffic ADT's: 12,600 and 47,500
• Loan: Balance as of April 2011 is $185,520.61 There is no prepayment penalty.
• Demographics: 2010
• Household Income - 1 mile - $56,831
• Household Income - 3 mile - $62,529
• Household Income - 5 mile - $73,470
• Population - 1 mile - 4,264
• Population - 3 mile - 43,429
• Population - 5 mile - 73,470
• Mon, 6 Jun 2011 15:19
Property #ST847. Request more information
• Wendy's
• Florida
• NNN Lease
• Building: 2,442 sf
• Year Built: 1979
• Land: 35,109 sf
• Base Rent: $50,000
• Percentage Rent: $18,762 (Based on Gross Sales of $1,375,243.25. The Percentage Rent has been consistent.)
• Total NOI: $68,762
• Price: Make an offer
• Lease Start: 10/1/1998
• Lease End: 10/14/2018
• Years Remaining: 7.42
• Options: Five, five-year options at same rent.
• Rental Escalations: None
• Traffic ADT's: 45,000 and 31,000
• Loan: Balance as of April 2011 is $185,520.61 There is no prepayment penalty.
• Demographics: 2010
• Household Income - 1 mile - $46,797
• Household Income - 3 mile - $49,744
• Household Income - 5 mile - $61,332
• Population - 1 mile - 16,259
• Population - 3 mile - 62,923
• Population - 5 mile - 149,225
• Mon, 6 Jun 2011 15:19
Property #ST846. Request more information
• CVS Pharmacy
• Florida
• NNN Lease
• Building: 13,770 sf
• Year Built: 1999
• Land: 60,897 sf
• NOI: $390,000 (estimated)
• Price: Make an offer
• Lease Start: 7/1/1999
• Lease End: 7/1/2019
• Years Remaining: 8.11
• Options: Five, 5 year options.
• Rental Escalations: Flat for base term.
• Traffic ADT's: 45,000 and 31,000
• Property has an existing loan of about $1.6 mm that must be assumed with a 1% fee. Property cannot be sold without loan being assumed due to substantial prepayment penalty. Interest rate is approximately 7.5% fully amortizing due in 8+ years in 2019.
• Demographics: 2010
• Household Income - 1 mile - $46,797
• Household Income - 3 mile - $49,744
• Household Income - 5 mile - $61,332
• Population - 1 mile - 16,259
• Population - 3 mile - 62,923
• Population - 5 mile - 149,225
• Mon, 6 Jun 2011 15:19
Property #ST845. Request more information
• Kindercare
• Minnesota
• NNN Lease
• Price: $1,185,000
• Net Operating Income$94,800
• Cap Rate: 8%
• Building Size: 6,016 sf
• Land Area: 35,719 sf
• Terrific Kindercare location with new 5 year lease extension including annual rent escalator and significant rent bumps at renewal (three additional 5 year options just negotiated into the lease).
• Tenant has acknowledged that this location has significant strategic advantages, which caused them to pursue this lease extension.
• Date: 6 Jun 2011 12:31:30
Property #ST844. Request more information
• Affordable Care
• Louisiana
• Credit Rating: NR
• Building sf: 3,157
• Lease Type: NNN
• Options: Two 5-Yr
• Rent Commencement: 3/1/2011
• Lease Expiration: 3/1/2023
• Remaining Lease Term (Yrs): 12
• NOI: $129,414
• Asking CAP: 8.00%
• Price: $1,617,675
• Bumps: Yes
• Affordable Care
• Indiana
• Credit Rating: NR
• Building sf: 3,157
• Lease Type: NNN
• Options: Two 5-Yr
• Rent Commencement: 12/31/2011
• Lease Expiration: 11/30/2024
• Remaining Lease Term (Yrs): 13
• NOI: $127,179
• Asking CAP: 8.00%
• Price: $1,589,738
• Bumps: Yes
• AutoZone
• New Mexico
• Credit Rating: BBB
• Building sf: 6,840
• Lease Type: NN
• Options: Three 5-Yr
• Rent Commencement: 12/1/2004
• Lease Expiration: 11/30/2024
• Remaining Lease Term (Yrs): 13
• NOI: $73,200
• Asking CAP: 7.37%
• Price: $993,216
• Bumps: Yes
• Bridgestone/Firestone
• Arizona
• Credit Rating: BBB-
• Building sf: 8,143
• Lease Type: NNN
• Options: Four 5-Yr
• Rent Commencement: 12/31/2011
• Lease Expiration: 11/30/2026
• Remaining Lease Term (Yrs): 15
• NOI: $237,453
• Asking CAP: 7.25%
• Price: $3,275,214
• Bumps: Yes
• Dollar General
• Texas
• Credit Rating: BB+
• Building sf: 9,014
• Lease Type: NNN
• Options: Three 5-Yr
• Rent Commencement: 10/31/2011
• Lease Expiration: 9/30/2026
• Remaining Lease Term (Yrs): 15
• NOI: $91,548
• Asking CAP: 8.00%
• Price: $1,144,350
• Bumps: Yes
• Goodyear
• Florida
• Credit Rating: BB-
• Building sf: 6,864
• Lease Type: NN
• Options: Five 5-Yr
• Rent Commencement: 11/1/2006
• Lease Expiration: 11/1/2018
• Remaining Lease Term (Yrs): 7
• NOI: $138,000
• Asking CAP: 8.00%
• Price: $1,725,000
• Bumps: Yes
• Goodyear
• Texas
• Credit Rating: BB-
• Building sf: 6453
• Lease Type: NN
• Options: Five 5-Yr
• Rent Commencement: 12/1/2008
• Lease Expiration: 11/30/2020
• Remaining Lease Term (Yrs): 9
• NOI: $175,404
• Asking CAP: 7.75%
• Price: $2,263,277
• Bumps: Yes
• RSC Equipment Rental
• Minnesota
• Credit Rating: B+
• Building sf: 6,750
• Lease Type: NN
• Options: Three 5-Yr
• Rent Commencement: 8/13/2007
• Lease Expiration: 8/12/2017
• Remaining Lease Term (Yrs): 6
• NOI: $123,291
• Asking CAP: 8.75%
• Price: $1,409,040
• Bumps: Yes
• RSC Equipment Rental
• Texas
• Credit Rating: B+
• Building sf: 6,450
• Lease Type: NN
• Options: Three 5-Yr
• Rent Commencement: 3/1/2009
• Lease Expiration: 2/28/2019
• Remaining Lease Term (Yrs): 8
• NOI: $168,350
• Asking CAP: 8.75%
• Price: $1,924,000
• Bumps: Yes
• Starbucks
• Arizona
• Credit Rating: BBB
• Building sf: 3,000
• Lease Type: NNN
• Options: Four 5-Yr
• Rent Commencement: 9/30/2011
• Lease Expiration: 8/31/2021
• Remaining Lease Term (Yrs): 10
• NOI: $101,160
• Asking CAP: 7.00%
• Price: $1,924,000
• Bumps: Yes
• Mon, 6 Jun 2011 12:24:17
Property #ST843. Request more information
• Family Dollar
• Louisiana
• New Construction
• Net Lease
• Cap Rate: 8.5%
• Price: $852,950.00
• Corner location - US Highway & major Avenue location
• New Family Dollar with a planned opening in July 2011.
• The approximately 8,000 SF retail store will be situated on approximately .9 acres at a corner.
• The net income is $72,500 annually.
• Family Dollar is responsible for all expenses including maintenance, taxes, insurance and repairs.
• The Landlord is responsible for the roof which comes with a 20-year warranty and capital costs only of the parking lot.
• The 10-year net lease is corporate guaranteed by Family Dollar and includes six 5-year option periods with 10% increases in each option period.
• This is an ideal investment for an investor looking for minimal landlord responsibilities and a proven retailer track record.
• Family Dollar is one of the fastest growing discount small box retailers in the country with over 6,800 stores in 44 states.
• Family Dollars stock rose over 73% in 2010 with net income up over 22%.
• They plan to add over 300 new stores in 2011.
• Mon, 6 Jun 2011 15:06:38
Property #ST841. Request more information
• Rite Aid
• Pennsylvania
• Price: $5,032,000
• Net Operating Income: $445,332
• Cap Rate: 8.85%
• Building Size: 12,738 SF
• New 15 Yr. NNN Lease - proven location
• $700+ Sales/SF (Top Performing Store)
• Across from a Shopping Center (314,000+ sq.ft.)
• Non-recourse Assumable Debt in Place (can be delivered free & clear)
• New UniversityMedical Center just blocks away
• The subject property sits at a corner of a major Highway (U.S. Route) & a major Road.
• The Highway is the main retail corridor in the area located across the street from the shopping center, a 314,000 sq.ft. mall with anchors such as: Marshall' s, Old Navy, Office Max, & L.A. Fitness - among numerous other retailers.
• The store sits approx. half a mile from a Highway which leads directly into downtown Pittsburgh, PA.
• Located about 15 miles from Pittsburgh, this is a bustling suburb with mixed residential and commercial developments.
• Date: 6 Jun 2011 10:13:08
• Walgreens is on a 60-year Triple Net (NNN) Lease, has approximately 50.5 years of original terms remaining (rights to terminate lease every five years after initial 20 years of term: 5/1/2020) and is corporately guaranteed.
• The property is being offered with assumable, non-recourse financing. The debt is fully-amortizing and matures in November 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
• Mon, 6 Jun 2011 13:00:26
Property #ST839. Request more information
• Price Reduced: Absolute Net Leased Gold's Gym
• Nevada
• Price: $3,391,304
• Cap Rate: 9.20%
• Building Size: 21,198 sf
• Land Area: 1.8 scres
• Year. Renovated: 2011
• Freestanding, single-tenant Golds Gym property located on a prestigious Peninsula in California.
• The building is visible from a major Highway
• The property is located in a building that has been operating as a gym for over 30 years and is an established location for health and fitness.
• 15-year absolute net lease
• Very profitable location and strong guarantor
• 1.5% annual increases (inflation hedge)
• Established gym location for over 30 years
• Grounds and building have been renovated with updates to the interior, workout equipment, pool area, locker rooms and overall facilities
• Extremely high barriers to entry on the Monterey Peninsula
• Approximately 25,000 active members in the OM Fitness LLC club organization (franchisee guarantor)
• Tenant is one of two fitness and gym organizations nationwide to have memberships offered in partnership with Costco
• Mon, 6 Jun 2011 12:48:02
Property #ST838. Request more information
• New NNN Corporate 7-ELEVEN
• Oregon
• Price:$1,360,000
• Net Operating Income: $81,536
• Cap Rate: 6%
• Building: 2,548 sf
• Land Area: 7,840 sf
• 15-year primary lease term
• Corporate guaranty by 7-Eleven Inc.
• Base rent increases 10% every five years
• A+ real estate in affluent suburban area
• Prime signalized corner location
• Spectacular corner location.
• Outstanding real estate adjacent to Walgreens and New Seasons Market
• Near a newly remodeled Fred Meyer store.
• This is a new freestanding, single-tenant corporate 7-ELEVEN under construction with opening scheduled for summer 2011.
• The lease is guaranteed by 7-Eleven Inc. with a 15-year primary term and three (3) five-year options.
• A+ real estate with stellar visibility and access.
• Located at a prime intersection of a major Hwy and a very popylar Road.
• Strong demographics with 12,320 residents within one mile and 106,566 within three miles.
• Average household income of $102,658!
• Located along one of the primary arteries connecting Downtown with the westside suburban neighborhoods.
• Date: 6 Jun 2011 08:57:07
Property #ST837 Request more information
• (6) Advance Auto Parts Stores
• Michigan and Ohio
• 15-Year Leases
• Caps: 8.25% CAP
• Available Individually
• ADVANCE AUTO:
• Status: LOI Accepted
• Price: $2,052,000
• Cap Rate: 8.25%
• ADVANCE AUTO:
• Size: 7,000
• Price: $2,112,000
• Cap Rate: 8.25%
• ADVANCE AUTO:
• Size: 7,000
• Price: $1,873,000
• Cap Rate: 8.25%
• ADVANCE AUTO:
• Size: 7,000
• Price: $1,785,000
• Cap Rate: 8.25%
• ADVANCE AUTO:
• Size: 6,000
• Price: $1,683,000
• Cap Rate: 8.25%
• ADVANCE AUTO:
• Size: 6,000
• Price: $1,511,000
• Cap Rate: 8.25%
Date: Mon, 6 Jun 2011 11:56
Property #ST836. Request more information
• Urgent MedCare, Inc.
• Alabama
• Purchase Price: $1,225,000
• Cap Rate: 9%
• NOI: $110,146
• Years Remaining: 15 Years
• Building Size: 4,000 SF
• Lot Size: .57 Acres
• Lease Type: Modified NNN
• Annual Increases of 2.5%
• Modified NNN Lease (LL Responsible for Taxes Only)
• Tenant Responsible for all Maintenance (Including Roof and Structure)
• Personal Guarantee from High Net Worth Owner
• Brand New Building (Opened for Business 11/20/2010
• $72,000 Household Income in 1 mile
• Date: 6 Jun 2011 10:20:24
Property #ST835. Request more information
• Burger King
• West Virginia
• CAP: 8.30%
• Price: $1,403,783
• Burger King
• Georgia
• CAP: 8.50%
• Price: $1,480,082
• Pizza Hut
• Tennessee
• CAP: 8.50%
• Price: $642,282
• Mon, 06 Jun 2011 07:15:0
Property #ST834. Request more information
• OfficeMax
• Minnesota
• Price: $2,979,500
• Net Operating Income: $268,140
• Cap Rate: 9%
• Three 5-year options
• Rent increase in year 5
• Building: 18,179 sf
• Year Built:2007
• Land Area: 1.89 acres
• Date: 6 Jun 2011 07:25
Property #ST832. Request more information
• BBVA Compass Bank
• California
• Price: $3,515,000
• Net Operating Income: $175,776
• Cap Rate:
• Building Size:
• Land Area: 25,500 sf
• 25% rent increase on 6-1-2014 increases cap rate to 6.25% at that date
• S&P Credit Rating A
• Long-term absolute net leased structure
• Located at one of the strongest retail and banking intersections in Central California
• Subject branch deposits significantly above BBVA Compass branch average for California
• Hard corner location with over 63,000 cars per day at the intersection
• Date: 4 Jun 2011 18:25:07
Property #ST833. Request more information
• NNN Jack in the Box
• California
• Freestanding Jack in the Box property
• Owner is a two tenant Jack in the Box franchisee operator
• The corporation is run by two Southern California-based partners who are both experienced business owners.
• Price: $1,327,000
• Cap Rate: 6.85%
• Building Size:2,692 sf
• Lot Size:1.08 acres
• Year Built: 2005
• Located in the dominant Vons and CVS anchored shopping center
• Newer construction building and Jack in the Boxs newest format store
• Located at a signalized intersection with excellent access and visibility
• Large parcel with major Highway frontage
• Lease commenced in 2010 marked to market rent
• The location city pulls retail consumers from a 50 mile ring
• Gateway to Yosemite - one of the last stops to Yosemite National Park which draws over 3.7 million tourists every year
• Triple net lease with fixed increases every five years in the primary term
• Percentage rent over 9.5% of gross sales
• Sat, 4 Jun 2011 07:07:52
Property #ST832. Request more information
• 3 Skilled Nursing Facilities and One Distribution Warehouse 
• Ohio
• Confidential off-market offering
• There are 4 properties for sale here
• All 4 of these properties are being sold as brand new sale-leasebacks
• All leases are fully negotiable by the buyer
• All leases will commence at closing
• Three of the properties are Skilled Nursing Facilities
• The 4th property is a medical warehouse distribution center that does the supplying of the sale-leaseback facilities
• All properties are owned and occupied by a company that does about $35 million in annual gross annual sales
• The same company will be the signature on all of the new sale-leasebacks
• 1.6 million
• buyer must pay commission
• The skilled nursing facilities are valued at around $4MM each (one at $4.3MM)
• The value is based on appraisals that were done about 6 months ago
• The distribution facility is valued at about $1.6MM
• Full details like number of beds, land area, etc. will be provided after the signing of NCND
• The owner prefers to sell all 4 properties as one package
• These are going to be nice CAP deals for the successful buyer!
• We are receiving this opportunity from a investment banker relationship
• A buyer will needs to be prepared to pay a buy-side commission
• This is one situation where we are not embarrassed to ask for a buy-paid commission since the anticipated CAP and price to the buyer will be very good!
• We can only share high level details with approved, registered buyers
• Please contact us to discuss if this could work for you
• Sat, 4 Jun 2011 09:18:10
Property #ST831. Request more information
• Bank
• Florida
• In Great Location
• Bank Fee Simple Lease
• Price: $2,818,000
• 15 Year Base Term
• Available June 2011
• Depreciation Benefits
• No State Income Tax
• CA Required for More Detailed Information
• Date: 3 Jun 2011 10:10:55
Property #ST830. Request more information
• Family Dollar
• Georgia
• 8.25% Cap Rate
• Price: $1,448,485.00
• Single tenant, net lease offering which is a store relocation with a history of outstanding sales.
• This 10,000 +/- sq ft former CVS is scheduled for completion in May 2011.
• The NN lease is corporate guaranteed for 10 years by Family Dollar with four 5-year options and minimal landlord responsibilities.
• Each option period features 10% increase in rents.
• This is an ideal investment for an investor looking for minimal landlord responsibilities, good real estate and a successful national credit tenant.
• The initial NOI is $119,500 annually.
• Date: 3 Jun 2011 14:02:59
Property #ST829. Request more information
• Camping World
• Virginia
• Price: $8,914,285
• Net Operating Income: $780,000
• Building: 28,906 sf
• Cap Rate: 8.75%
• Year Built:2008
• Land Area: 9.02 acres
• Lease Commencemened: August 2008
• Lease Expires: August 2023
• Term: 15 Years
• Options: Four 5-year at $902,947; $948,095; $995,470; and $1,045,275
• Rent Increases: Every 5 years
• Excellent opportunity to purchase a Camping World for $8,914,285 at an 8.75% Cap Rate.
• This site has high visibility and easy access to a major Interstate highway, one of the area's major intersections.
• Traffic counts on the Interestate are 53,000 AADT.
• The lease has approximately 13 years remaining with 5% rent increases every 5 years and four 5-year options with increases.
• Camping World and FreedomRoads, LLC are the nation's largest retailer of RV supplies, accessories, services and new and used RV's.
• Camping World has 78 retail stores and FreedomRoads has approximately 58 retail stores.
• This property may be purchased individually or as a Package for $36M.
• Other locations include: Kentucky, Virginia, Georgia and Iowa.
• Date: 3 Jun 2011 10:30:54
Property #ST828. Request more information
• Bank of America
• California
• Price: $2,842,000
• Net Operating Income: $135,000
• Building : 5,474 sf
• Cap Rate: 4.75%
• Year Built: 2009
• Land: 52,707 sf
• Over 8 parking spaces per 1000 s.f.
• Prime real estate on a busy street and next to the 15 freeway
• Low cost per square foot at $2.05 per sq.ft.
• 10% increases every 5 years with next one in about 2 years
• Absolute NNN lease!!!
• CAP WILL BE MORE THAN a 5% IN ABOUT 2 YEARS!
• Seller will entertain all offers by 6/15/2011!!!
• Also have a PNC BANK in OH (not on the market) with great deposits and 9 years remaining at a 6.5% cap! Please email for more info.
• The investor of this fee simple prime piece of real estate is buying the ultimate arm chair investment.
• With Bank of America on the hook until 2034 (22 + Years remaining on the lease) and 10% rental increases every five years, the astute investor will realize extreme security for years to come.
• B of A is only paying $2.05 a foot, and the location is incredible.
• Please visit the site yourself and see how busy they are.
• The subject property is next to a beautiful McDonalds as well as a Starbucks and in front of a very busy Target.
• Other retailers in the same center include Verizon, Game Stop, Subway, Papa Johns, and others. This 5,000 + building is on over 1 Acre and the lease is an absolute NNN lease.
• Please verify all the above information via the lease and all due dilligence materials.
• This prime investment is located off the freeway and a major Avenue across from a Home Depot, Big 5, Petco, IHOP, Walgreens and many other national retailers.
• It has very easy access to the freeway and is a very short drive to Outlets with Nike, Pac Sun, Pottery Barn, Gap, Levi's, Tommy Hilfiger, Old Navy, Bass, Bath and Body Works, Guess, Lane Bryant, Reebok, Toy's R Us, Children's Place, etc, etc, etc.
• Date: 3 Jun 2011 10:24:08
Property #ST826. Request more information
• Honey Baked Ham of Georgia, Inc.
• Georgia
• Price: $1,283,000
• Net Operating Income: $89,847
• Building : 5,105 sf
• Cap Rate: 7%
• Year Built: 1978
• Lot Size: 22,651 SF
• Amazing demo's with high traffic and great visibility
• 9+ years remain on a absolute NNN lease
• Next large rent increase in 4 years
• Next to the mall and highway exit / Huge population GROWTH area!
• Tenant is paying less than $1.50 a sq. foot.
• Location, Location, Location
• Seller will entertain all offers submited by 6/15/2011!!!
• PLEASE EMAIL ME FOR 8 OTHER SINGLE TENANT DEALS: OLIVE GARDEN IN MA, BANK OF AMERICA IN CA, PNC BANK IN OH, KINDERCARE IN OH, ADVANCE AUTO IN OH, LA PETITE IN CA, CHECKERS IN NJ, WHITE CASTLE IN MI.
• AVERAGE Household income is over $100k within 1 mile!!!.
• This NNN investment represents the ideal location with great cash flow and upside.
• The location is amazing and the tenant i spaying a very low cost per sq. ft.!
• The tenant, Honey Baked Ham, executed a new 15 year lease in 2005 with 10% increases every 5 years.
• The next increase will take place in 2015, pushing the income to $98,832.
• With amazing visibility and signage, this investments represent a prime piece of real estate in an upscale community.
• Over 40 years ago, Harry J. Hoenselaar began a special tradition when he opened his first The HoneyBaked Ham Company store in Michigan. Three generations and over 400 stores later, the Hoenselaar family still prepares The HoneyBaked Ham the same way that Harry did... one ham at a time.
• The location is truly amazing. Within close proximity you'll find the Northlake Mall, Publix Supermarket, Red Lobster, Panera Bread, Kroger Supermarket, Starbucks, Office Depot, Petco, and many other established long term tenants.
• Date: 3 Jun 2011 10:10
Property #ST824. Request more information
• Walgreens
• New York
• Price:$9,729,000
• NOI: $633,000
• Cap Rate:6.50%
• Building Size: 12,400 SF
• Near College & Hospital
• High Avg. HH Income 90+K witin 5 Mi.
• Good sized lot
• 75 year lease w/ tenant's right to terminate at 25th yr and every 5 YEARS thereafter.
• Fortune "50" national credit tenant.
• Supply of new Walgreens store going way down...
• AFFLUENT COMMUNITY W/PRIDE OF OWNERSHIP. Avg. HH income $92k w/in 5 miles.
• The Property is located on a corner just blocks from a College and a Hospital.
• The hospital has a strong presence and features a facility that houses dialysis treatment, home care, hospice care (and administrative functions located in the Village).
• This property has great frontage.
• Founded in 1901, Walgreens provides the most convenient access to consumer goods and services, and pharmacy, health and wellness services, in America.
• The Company has pioneered many modern store and pharmacy features, some of which have become standards in the industry. Walgreens has recorded 35 consecutive years of record sales and earnings.
• Walgreens is a Fortune "50" national credit tenant (traded under the symbol "WAG") with an S&P "A" rating and is listed among Fortune Magazine*s "Most Admired Companies", the "Platinum 400 List" and "40 Best Stocks to Retire On".
• Date: 3 Jun 2011 07:52:16
Property #ST823. Request more information
• Walgreens
• Illinois
• Price: $7,238,800
• Cap Rate: 6.70%
• Net Operating Income: $485,000
• Rental Escalations: None
• Renewal Options: Ten 5-Year
• Lease Commencement Date: November 1, 2010
• Lease Expiration Date: October 31, 2035
• Credit Rating: A+
• Year Built: 2010
• Lease Type: NNN
• Rentable Square Feet: 13,650
• Land Size: 1.44 acres
• Date: 3 Jun 2011 07:21
Property #ST822. Request more information
• Rite Aid and a few Dollar Generals (1 in Kansas, 2 in Texas)
• Also, a coulle of Rite Aids with assumable debt (one in TN and one in PA).
• These are off-market properties
• Fri, 3 Jun 2011 07:04:47
Property #ST821. Request more information
• CVS - NN Lease Investment
• Georgia
• 9.5% Cap Rate
• Price: $940,000
• This CVS Pharmacy was built in 1996 with an original lease of 15 years.
• The store was remodeled in 2010, including adding a new pylon sign with a message board.
• Although the landlord is responsible for the roof and structure, they are reimbursed for property taxes and insurance.
• With the first of three 5-year options already exercised, the base rent will increase to $89,489 on July 1, 2011.
• Rentable Square Feet 9,240
• Price/SF $101.73
• Year Built 1996
• Year Renovated 2010
• Lot Size 1.41 Acres
• Type of Ownership Fee Simple
• Tenant Trade Name CVS Pharmacy
• Tenant Georgia CVS Pharmacy, LLC
• Roof and Structure Landlord Responsible
• Lease Term 15 Years
• Lease Commencement Date 2/1/1996
• Lease Expiration Date 6/30/2011
• Options with Increases:
• 1st Option ------Exercised July 1, 2011 -
• July 1, 2011 ----------First Extension Period -------$89,489 4
• July 1, 2016 ----------Second Extension Period -------$96,373
• July 1, 2021 -----------Third Extension Period -----------$103,257
• Fri, 3 Jun 2011 09:26:39