|
NNN
Applebee's
Bradenton (Sarasota), FL
Absolute NNN Applebee's located in Sarasota,
FL with rent increases. A+ dense, affluent location
with traffic counts of over 60,000 VPD. Strong
store sales with below market rent to sales
ratio. Next to McDonald's, Lowe's, Publix, Chick-fil-A
and much more. |
| Status: |
SOLD |
| Close
of Escrow: |
5/9/13 |
| Sales
Price: |
$3,820,000 |
| CAP Rate: |
7.45% |
| Building
Size: |
5,800±
SF |
| Years on
Lease: |
15±
Years |
| LL Responsible: |
None |
|

File Photo |
|
NNN
McDonald's Ground Lease
Winter Park, FL (Affluent Orlando Suburb)
Brand New 20 year Absolute NNN McDonald's located
in Winter Park (Orlando), FL. There are 10%
rent increases every 5-years. A+ Dense Infill
Location with Traffic Counts Exceeding 65,000
VPD at intersection. Avg HHI in excess of $91,000
within 3-miles. This is a relocation store and
next to a new Publix, Waglreens, BofA and more.
|
| Status: |
SOLD |
| Close
of Escrow: |
4/5/13 |
| Asking
Price: |
$2,926,800 |
| Cap Rate: |
4.10% |
| Lease Term: |
20±
Years |
| Rent Increases: |
10% every
5 |
| Year Built: |
2012 |
| LL Responsible: |
None |
|

Actual Property |
|
NNN
SunTrust Bank
Sarasota, FL
20 year Absolute NNN SunTurst Bank Ground Lease
in Sarasota, FL. 10% bumps every 5-yrs - Cap
Rate jumps to 6.33% in February 2015. Avg HH
income $118K+ within a 1-mile radius. Outpad
site to brand new Publix Shopping Center. SunTrust
has not started construction on the property
yet but must continue to pay rent. |
| Status: |
SOLD |
| Close
of Escrow: |
4/1/13 |
| Sales
Price: |
$3,015,000 |
| CAP: |
6.04% |
| Years on
Lease: |
17±
Years |
| Lot Size: |
1.09 AC |
| Rent Increases: |
10% Every
5 |
| LL Responsible: |
None |
|

File Photo |
|
NNN
7-Eleven Corporate
Baltimore, MD
Absolute NNN 7-Eleven Corporate with 5.5±
years remaining on a 15 year Lease. High Barriers
to Entry at hard signalized corner. High Store
Sales - Over $1.1M. 7-Eleven is the World's
Largest Convenience Retail Chain and Investment
Grade S&P Rated AA-.
|
|
|
|
NNN
AutoZone Corporate
Travelers Rest (Greenville), SC
Brand New NNN AutoZone Ground Lease with 14±
yrs and 10% bumps every 5-years starting LYR
11. Next to Walgreens, McDonald's and in front
of a Walmart. Auto Zone, Inc. is the nation's
leading retailer of automotive parts and accessories,
with over 3,600 stores in the U.S., Puerto Rico
and Mexico. S&P Rated BBB qualifying as
Investment Grade. |
| Status: |
SOLD |
| Close
of Escrow: |
3/21/13 |
| Asking
Price: |
$883,805 |
| Cap Rate: |
5.15% |
| Lease Term: |
14±
Years |
| Symbol: |
AZO |
| S&P
Rating: |
BBB |
| LL Responsible: |
None |
|

Actual Property |
|
| NNN
CVS Ground Lease
Clermont (Orlando), FL
Absolute NNN CVS Pharmacy in Clermont, FL with
11± years remaining on the 20 year Lease
with rent increases in each 4 x 5 year option.
This CVS is an outparcel to a Sweetbay shopping
center and next to an AutoZone, 7-Eleven and
Walgreens and only 10± miles from Disney
World!
|
|
|
|
NNN
7-Eleven Corporate
Kissimmee (Orlando), FL "Off Market
Deal"
Absolute NNN 7-Eleven Corporate with 12.1±
years remaining on a 15 year Lease and 11% rent
increases every 5 years. Over $1.325M in Sales.
7-Eleven is the World's Largest Convenience
Retail Chain and Investment Grade S&P Rated
AA-.
|
|
|
|
|
| NNN
CVS Ground Lease
Vero Beach, FL - RARE Rent Increases
New 25 Year Absolute NNN corporate CVS ground
Lease with RARE 7.5% rent increases every 5-years..
Across from Publix, Walgreens, PNC Bank and
much more. Zero Landlord Obligations! (NYSE:
CVS | S&P Rated BBB+). Florida is a No Income
Tax State. 81,000+ people within 5 miles that
have an average income of $70,000+
|
|
|
|
| NNN
PNC Bank Ground Lease
Vero Beach, FL
RARE 30 Year Absolute NNN corporate PNC Bank
ground Lease 27 yrs remaining and 10% rent increases
every 5-years. Next to a CVS, Publix, Walgreens
and much more. Zero Landlord Obligations! (NYSE:
PNC | S&P Rated A-). Florida is a No Income
Tax State. 81,000+ people within 5 miles that
have an average income of $70,000+
|
|
|
|
NNN
Applebee's
Orlando, FL
Brand New 20 Year Absolute NNN Applebee's located
in Orlando, FL with 1% annual rent increases.
A+ dense, affluent location with traffic counts
of over 60,000 VPD. Only miles from Disney and
Universal attractions. Strong store sales with
below market rent to sales ratio. |
| Status: |
SOLD |
| Close
of Escrow: |
12/27/12 |
| Sales
Price: |
$2,290,000 |
| CAP Rate: |
7.0% |
| Building
Size: |
5,800±
SF |
| Years on
Lease: |
20±
Years |
| LL Responsible: |
None |
|
|
|
NNN
Applebee's
Kissimmee, FL
Brand New 20 Year Absolute NNN Applebee's located
in Kissimmee, FL with 1% annual rent increases.
Located within 12 miles of all Orlando theme
parks. Below market rent to sales ratio. Excellent
location, across from a Publix, Chase, Walgreens
and much more. Excellent location with great
access & visibility. |
| Status: |
SOLD |
| Close
of Escrow: |
12/14/12 |
| SalesPrice: |
$2,643,430 |
| CAP Rate: |
7.20% |
| Building
Size: |
5,800±
SF |
| Years on
Lease: |
20±
Years |
| Guarantor: |
Franchisee |
| LL Responsible: |
None |
|
|
|
|
|
|
|
|
|
|
|
NNN
WAWA gROUND lEASE
Orlando, FL - "Off Market Deal"
Brand New 20 Year Absolute NNN WaWa located
in Orlando, FL with RARE 8% fixed rent increases
every 5-Years. WaWa is the largest privately
held convenient store operator in the United
States with over 520 locations and is ranked
#47 in Forbes list of top privately held companies. |
| Status: |
SOLD |
| Close
of Escrow: |
11/16/12 |
| Sales
Price: |
$1,400,000 |
| CAP: |
5.30% |
| Building
Size: |
5,500±
SF |
| Years on
Lease: |
20±
Years |
| Guarantor: |
Corporate |
| LL Responsible: |
None |
|

File Photo |
|
NNN
AutoZone Corporate
Chesterton, IN
New Absolute NNN AutoZone with 15+ years remaining
on the lease with 5% rent increases every 5-years
and 10% increases in each option period. Located
40± miles outside of Chicago. #1 Ranked
Auto Parts Retailer in the World. Investment
Grade S&P "BBB". |
| Status: |
SOLD |
| Price: |
$1,088,000 |
| CAP Rate: |
6.76% |
| Lease Term: |
15±
Years |
| S&P
Rating: |
BBB /
Stable |
| Guarantor: |
Corporate |
| LL Responsible: |
None |
|

File Photo |
|
|
|
|
|
| NNN
McDonald's Ground Lease
Kissimmee (Orlando), FL - "Off Market
Deal"
Brand New 20 Year Absolute NNN Corporate McDonald's
with a 10% rent increases every 5-years. A+
Location, outparcel to a Wal-Mart shopping center
and next to Wells Fargo, Chase Bank, Buffalo
Wild Sings and much more. Florida is a No Income
Tax State.
|
| Status: |
SOLD |
| Close
of Escrow: |
9/28/12 |
| Sales
Price: |
$1,992,000 |
| CAP Rate: |
4.77% |
| Rent Bumps: |
10% Every
5 |
| S&P
Rating: |
A / Stable |
| LL Responsible: |
None |
|
|
|
|
|
|
|
|
|
|
|
NNN
Panera Bread
Oklahoma CIty, OK
RARE Brand New Free Standing 10 yr absolute
NNN Panera Bread with 8% bumps every 5-yrs.
Outparcel to a Wal-Mart, Home Depot shopping
center. Tenant is responsible for taxes, insurance
and all maintenance, including roof and structure.
This is NOT a ground lease, improvements are
included in the sale.
|
|
|
|
NNN
Dollar General
Daytona Beach, FL - "Off Market Deal"
Brand new 15 year absolute NNN Dollar General
located in Daytona Beach, FL. A+ RARE location
and upscale design for a Dollar General. Located
on A1A/Ocean Blvd in Daytona Beach, FL.
Dollar General is the largest discount retailer
in the US by number of stores with over 8,700
stores in 35 states.
|
|
|
|
|
|

File Photo |
|
|
|
|
|
NNN
7-Eleven Corporate
SeaWorld Orlando, FL - "Off Market
Deal"
Brand New 15 Year NNN Corporate 7-Eleven Gas
Station. A+ RARE Location - directly across
from SeaWorld Orlando, FL. 10% rent increases
every 5-years. Situated at hard corner on 1.25
acres. 7-Eleven, Inc. in Investment Grade S&P
"AA-". Florida is a No Income Tax
State.
|
| Status: |
SOLD |
| Close
of Escrow: |
3/9/12 |
| Sales
Price: |
$2,975,000 |
| Rent Bumps: |
10% Every
5 |
| Lease Term: |
15 Years |
| S&P
Rating: |
AA- /
Stable |
| Primary
Type: |
Gas Station |
| Year Built: |
2012 |
|

Actual Property |
|
NNN
Taco Bell -
A+ Affluent Location
Weston (Ft. Lauderdale), FL
NNN Taco Bell in Ft.
Lauderdale, FL. A+ Affluent location with 18±
years remaining on a 20 year lease and 10% rent
increases every 5-years. Avg HHI exceeds $100,000.
Across from a Publix shopping center and next
to BofA, PNC Bank on a hard signalized corner.
|
| Status: |
SOLD |
| Close
of Escrow: |
3/9/12 |
| Sales
Price: |
$1,350,000 |
| Cap Rate: |
6.72% |
| Lease Term: |
18±
Years |
| Guarantor: |
Franchisee |
| LL Responsible: |
None |
|

File Photo |
|
NNN
Denny's
Clearwater, FL
Absolute NNN Denny's in Clearwater, FL with
zero Landlord Obligations. 4% rent bump in 1/2013
and 10% every 5-years thereafter. Solid franchisee
guaranty. Very healthy rent to sales ratio and
A+ Location. Next to regional mall anchored
by JCPenney, Dillard's, Dick's and much more.
|
| Status: |
SOLD |
| Close
of Escrow: |
2/29/12 |
| Sales
Price: |
$765,000 |
| Cap Rate: |
8.33% |
| Lease Term: |
15±
Years |
| Guarantor: |
Franchisee |
| LL Responsible: |
None |
|

File Photo |
|
NNN
Corporate IHOP Ground Lease
Norcross (Atlanta), GA
NNN Corporate IHOP - DineEquity (NYSE: DIN)
with 9± years remaining on a 20 yr lease
and 8.5% rent bumps every 5 years. Asking price
is $933,851 | 6.7% CAP. IHOP is a pad to a 77,640
SF center located across from a Publix, Target,
& Kroger anchored shopping center. 3-mile
radius total population is 110,000 with an Avg
HH income over $95,000. Zero LL Obligations.
|
|
|
|
NNN
7-Eleven Corporate
"Off Market"
Holtville, CA - "Off
Market Deal"
Absolute NNN Corporate 7-Eleven with 1.7±
years remaining on Lease and 3 x 5 year options.
7-Eleven is an investment grade tenant, S&P
Rated AA-. 7-Eleven is World's Largest Convenience
Retail Chain - S&P Rated AA-. Zero Landlord
obligation! Tenant is responsible for all taxes,
insurance and maintenance/repairs. |
|
|
|
|
|
|
|
|
|
NNN
Panera Bread
The Woodlands (Houston), TX
Rare Brand New Absolute NNN 15 year free standing
Panera Bread. 10% rent increases every 5-years.
A++ Location in The Woodlands - Upscale suburb
of Houston. Tenant is responsible for taxes,
insurance and all maintenance, including roof
& structure. NOT a ground lease, improvements
are included in the sale.
|
| Status: |
SOLD |
| Close
of Escrow: |
12/5/11 |
| Sales
Price: |
$2,558,620 |
| CAP Rate: |
7.25% |
| Rent Bump: |
10% Every
5 |
| Year
Built: |
2011 |
| Building
Size: |
4,000±
SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
PNC Bank Ground Lease
"Off Market"
Ft. Lauderdale, FL
Brand new 20 year absolute NNN "Off Market"
corporate ground lease with PNC Bank (S&P
Rated: A). 10% rental increases every 5-years
including options. A++ Rare, High traffic –
High profile South Florida Location. Less than
1-MIle to Beach. Zero Landlord management obligations.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NNN
7-Eleven Corporate
"Off Market"
Barco, NC
Absolute NNN Corporate 7-Eleven with 1±
years remaining on Lease. 7-Eleven is an investment
grade tenant, S&P Rated AA-. 7-Eleven is
World's Largest Convenience Retail Chain - S&P
Rated AA-. Zero Landlord obligation! Tenant
is responsible for all taxes, insurance and
maintenance/repairs. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NNN
McDonald's Ground Lease
Sarasota/Tampa, FL
Newer Absolute NNN corporate McDonald's with
a 10% rent increases every 5-years. A+ Location,
outparcel to a Publix shopping center and across
from a new Wal-Mart. Extremely high store sales
- well above the national average. Florida is
a No Income Tax State.
|
|
|
|
NNN
Panera Bread
Spring (Houston), TX
Rare Brand New Absolute NNN 15 year free standing
Panera Bread. 10% rent increases every 5-years.
Tenant is responsible for taxes, insurance and
all maintenance, including roof and structure.
This is NOT a ground lease, improvements are
included in the sale.
|
|
|
|
NNN
Dollar General
Daytona Beach, FL
Brand new 15 year absolute NNN Dollar General
located in Daytona Beach, FL. A+ rare location/Upscale
design for a Dollar General. Located on A1A/Ocean
Blvd in Daytona Beach, FL. Dollar General is
the largest discount retailer in the US by number
of stores with over 8,700 stores in 35 states
|
| Status: |
SOLD |
| Close
of Escrow: |
8/5/11 |
| Sales
Price: |
$1,831,000 |
| CAP Rate: |
8.0% |
| Guarantor: |
Corporate |
| S&P
Rating: |
BB+ /
Stable |
| Primary
Type: |
Free
Standing |
|
|
|
|
|
|
|
|
|
|
|
NNN
Taco Bell Ground Lease
Plant City (Tampa), FL
NNN Corporate Taco Bell / Long John Silver's
Ground Lease (Corporate YUM! | S&P BBB-)
in Plant City (Tampa), FL. It's a
rare low price point with 14±
years remaining on a 20 year lease with 10%
rent increases every five years and 2x5 options
to renew. Shadow-anchored by a Super Wal-Mart
and next to a Lowe's, Publix, Sweetbay, BofA,
CVS and more.
|
|
|
|
|
|
|
|
NNN
7-Eleven Corporate
"Off Market"
Virginia Beach, VA
Rare low price point, Absolute NNN corporate
7-Eleven with strong store sales and great location.
Corporate absolute NNN lease with 10% rent increases
every 5 years. 7-Eleven is an investment grade
tenant, S&P Rated AA-. 7-Eleven is the World's
Largest Convenience Retail Chain and Investment
Grade S&P Rated AA-. |
|
|
|
|
|
|
|
NNN
7-Eleven Corporate
"Off Market"
Farmington Hills, MI
Absolute NNN Corporate 7-Eleven with 5.8 years
remaining on Lease and 10% rent increases every
5 years. 7-Eleven is an investment grade tenant,
S&P Rated AA-. 7-Eleven is the World's Largest
Convenience Retail Chain. Zero Landlord obligation!
Tenant is responsible for all taxes, insurance
and maintenance/repairs. |
|
|
|
|
|
|
|
|
|
|
|
NNN
7-Eleven Corporate
"Off Market"
Linwood, NJ
Absolute NNN Corporate 7-Eleven with 3.8 years
remaining on Lease and 10% rent increases every
5 years. 7-Eleven is an investment grade tenant,
S&P Rated AA-.
7-Eleven is the World's Largest Convenience
Retail Chain. Zero Landlord obligation!
Tenant is responsible for all taxes, insurance
and maintenance/repairs. |
|
|
|
NNN
7-Eleven Corporate
"Off Market"
Essex, MD
Rare low price point, Absolute NNN corporate
7-Eleven with strong store sales and great location.
Corporate absolute NNN lease with 10% rent increases
every 5 years. 7-Eleven is an investment grade
tenant, S&P Rated AA-. 7-Eleven is the World's
Largest Convenience Retail Chain and Investment
Grade S&P Rated AA-. |
|
|
|
NNN
7-Eleven Corporate
"Off Market"
Staunton, VA
Rare low price point, absolute NNN corporate
7-Eleven with strong store sales and great location.
Corporate absolute NNN lease with 10% rent increases
every 5 years. 7-Eleven is an investment grade
tenant, S&P Rated AA-. 7-Eleven recently
exercised their first 5-year Option. |
SOLD |
| Close
of Escrow: |
4/15/11 |
| Price: |
$390,000 |
| NOI: |
$30,457 |
| Cap Rate: |
7.81% |
| Building
Size: |
2,632± SF |
| Primary
Type: |
Gas
Station |
|
|
|
NNN
7-Eleven Corporate
"Off Market"
Feasterville (Philadelphia), PA
Corporate absolute NNN 7-Eleven Lease with rent
increases. 4+ years remaining on Lease and strong
store sales. Next to McDonald's, CVS, Sunoco
and more. 7-Eleven is an investment grade tenant,
S&P Rated AA-. |
SOLD |
| Close
of Escrow: |
3/28/11 |
| Price: |
$820,000 |
| NOI: |
$64,122 |
| Cap Rate: |
7.80% |
| Building
Size: |
2,600± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Wendy's
Punta Gorda, FL
10+ Yr Absolute NNN Wendy's with Zero Landlord
obligations! Property is Leased by one of the
largest Wendy’s franchisees in the country.
Wendy's is the world's #3 hamburger chain in
terms of locations (behind McDonald's and Burger
King), with more than 6,600 locations.
|
SOLD |
| Close
of Escrow: |
3/3/11 |
| Price: |
$1,143,000 |
| Cap Rate: |
8.10% |
| Lease Term: |
10±
Years |
| S&P
Rating: |
BB- |
| LL Responsible: |
None |
|
|
|
Absolute NNN Walgreens
Burlington, NC
Just Sold, Highly Desirable 24 Hour Location,
located directly across the street from the
415k SF Burlington Square Mall. New 25 Year
Absolute NNN Lease with Walgreens Co. (NYSE:
WAG | S&P Rated: A). Annual sales exceeding
$53B and a net worth of $11B. Prominent.
|
SOLD |
| Close
of Escrow: |
1/27/11 |
| Price: |
$7,300,000 |
| CAP: |
7.465% |
| Year Built: |
2008 |
| Guarantor: |
Corporate |
| LL Responsible: |
None |
|
|
|
|
|
|
|
|
| |
NNN Taco Bell Corporate
Corporate Taco Bell/ Pizza Hut Ground
Lease. Low Rent to Sales - Only 3.7%! A++ South
Florida Location, outparcel to Lowe's/Publix,
over 100k VPD at Intersection. Yum! Brands,
Inc. is the world's largest restaurant company
with more than 33,000 restaurants. Investment
grade S&P: BBB-.
|
SOLD |
| Close
of Escrow: |
12/30/10 |
| Sales
Price: |
$900,000 |
| Lease Term: |
3.7±
Years |
| Symbol: |
YUM |
| Guarantor: |
Corporate |
| LL Responsible: |
None |
|
|
|
NNN
7-Eleven Corporate " Off Market"
Deerfield Beach (Ft. Lauderdale), FL
Rare South Florida Beach Location. Corporate
absolute NNN lease with rent increases. Very
strong store sales. 7-Eleven is S&P Rated
AA-.
|
SOLD |
| Price: |
$1,200,000 |
| NOI: |
$76,800 |
| Cap Rate: |
6.4% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
AutoZone - *Rare Absolute NNN Fee Simple
San Antonio, TX
Brand New "Off Market" AutoZone with
a rare 20 year absolute NNN fee simple build-to-suit
lease (building & ground) with 10% increases
every 5 years. AutoZone is the nation's leading
retailer of automotive parts and accessories,
with over 3,600 stores. S&P Rated BBB qualifying
as Investment Grade. |
SOLD |
| Close
of Escrow: |
11/5/10 |
| Sales
Price: |
$1,832,000 |
| CAP Rate: |
6.50% |
| Lease Term: |
20 Years |
| Guarantor: |
Corporate |
| S&P
Rating: |
BBB |
| LL Responsible:: |
None |
|
|
|
NN
Dollar General
"Off Market"
Kingsport, TN
Brand new NN Dollar General in Kingsport, TN
with a corporate 15-year NN lease. Recession
proof tenant.
|
SOLD |
| Close
of Escrow: |
10/29/10 |
| Price: |
$1,137,163 |
| Cap Rate: |
8.25% |
| Year
Built: |
2009 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Santa Cruz, CA
Rare Northern California Real Estate. Corporate
absolute NNN lease with rent increases. 7-Eleven
is an investment grade tenant, S&P Rated
AA-. Very high store sales. |
SOLD |
| Close
of Escrow: |
10/15/10 |
| Price: |
$1,025,000 |
| NOI: |
$57,010 |
| Cap Rate: |
5.56% |
| Building
Size: |
2140± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate "Off Market"
Fairfield, CT
Rare CT Beach Location. Corporate absolute NNN
lease with rent increases. 7-Eleven is an investment
grade tenant, S&P Rated AA-. |
SOLD |
| Close
of Escrow: |
10/15/10 |
| Price: |
$965,000 |
| NOI: |
$58,176 |
| Cap Rate: |
6% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Vero Beach, FL
Rare Beach location with gas! Strong store sales
and A+ location. Corporate absolute NNN lease
with 13% rent increases every 5 years. 7-Eleven
is an investment grade tenant, S&P Rated
AA-. |
SOLD |
| Close
of Escrow: |
10/15/10 |
| Price: |
$850,000 |
| NOI: |
$49,560 |
| Cap Rate: |
5.8% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Gas
Station |
|
|
|
NNN
AutoZone Ground Lease
Allentown, PA
Brand New AutoZone with a 15 year absolute NNN
fee ground lease and 10% increases every 5 years.
AutoZone is the nation's leading retailer of
automotive parts and accessories, with over
3,600 stores. S&P Rated BBB qualifying as
Investment Grade. |
SOLD |
| Close
of Escrow: |
9/30/2010 |
| Price:
|
$963,000 |
| Lease Term: |
15 Years |
| Guarantor: |
Corporate |
| S&P
Rating: |
BBB |
| LL Responsible:: |
None |
|
|
|
NNN
Logan's Roadhouse
Austin, TX
Absolute NNN 20 yr Logan's Roadhouse ground
lease located in Cedar Park, TX (an upscale
suburb of Austin, TX) with 10% rent increases
every 5-years. Out parcel to the 850,000 SF
Cedar Park Shopping Center. Over 139,000 people
within a 5-mile radius with an avg HH income
in excess of $85,000. |
SOLD |
| Close
of Escrow: |
9/29/2010 |
| Price:
|
$1,660,000 |
| CAP: |
6.75% |
| Lease Term: |
20 Years |
| Guarantor: |
Corporate |
| LL Responsible:: |
None |
|
|
|
NNN
Walgreens
Bradenton (Sarasota), FL
Brand New Absolute NNN 25 Year Corporate Walgreens.
Affluent Sarasota Market, average household
income of $92,535. Investment Grade Tenant–
S&P Rated: A+. Prime Location, Hard Corner
Signalized Intersection. New Construction. FLORIDA
HAS NO STATE INCOME TAX.
|
SOLD |
| Close
of Escrow: |
9/17/2010 |
| Price: |
$5,128,571 |
| Cap Rate: |
7.00% |
| Building
Size: |
14,820± SF |
| Year
Built: |
2010 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
CVS
Norristown (Philadelphia), PA
Absolute NNN 25 year Corporate Guaranteed CVS.
CVS/Caremark Corporation (S&P Rated BBB+).
Metro Philadelphia Location; Dense, Infill Market.
30,000+/- people within a one-mile radius.
|
SOLD |
| Close
of Escrow: |
9/15/2010 |
| Price: |
$3,600,000 |
| NOI: |
$275,000 |
| Cap Rate: |
7.64% |
| Building
Size: |
11,479± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Annandale, VA (DC Metro)
Corporate absolute NNN lease with 10% rent increases
every 5 years. 7-Eleven is an investment grade
tenant, S&P Rated AA-.
|
SOLD |
| Close
of Escrow: |
9/9/2010 |
| Price: |
$1,200,000 |
| Cap Rate: |
5.00% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Lorton, VA
Corporate absolute NNN lease with rent increases.
7-Eleven is an investment grade tenant, S&P
Rated AA-
|
SOLD |
| Close
of Escrow: |
9/9/2010 |
| Price: |
$820,000 |
| Cap Rate: |
6.00% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Spotsylvania, VA
Corporate absolute NNN lease with rent increases.
7-Eleven is an investment grade tenant, S&P
Rated AA-
|
SOLD |
| Close
of Escrow: |
9/10/2010 |
| Price: |
$700,000 |
| Cap Rate: |
6.40% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Gas
Station |
|
|
|
NNN
Walgreens
Atlanta, GA
Brand New Absolute NNN 25 Year Corporate Walgreens
with 12x5 year options to renew. A++ Location
& Phenomenal demographics, within a 3 mile
radius total population is 129,378 with an avg
household income of over $100,000+.
|
SOLD |
| Close
of Escrow: |
8/13/2010 |
| Price: |
$7,685,000 |
| Cap Rate: |
7.35% |
| Building
Size: |
14,110± SF |
| Year
Built: |
2010 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
McDonald's Ground Lease "Off
Market"
Gainesville, FL
New Absolute NNN 20 year "off market"
corporate McDonald's with a 15% rent increases
in year 6 and 10% every 5 years thereafter.
A+ Location, outparcel to a Publix shopping
center.
|
SOLD |
| Close
of Escrow: |
7/29/2010 |
| Price: |
$1,545,454 |
| NOI: |
$85,000 |
| Cap Rate: |
5.50% |
| Year
Built: |
2008 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Walgreens
Chester, MD
Brand New Absolute NNN 25 Year Lease. High Barriers
to Entry. Relocation Store. Average Household
Income more than $100,000. Brand New Construction.
Investment Grade Tenant – S&P Rated:
A.
|
SOLD |
| Close
of Escrow: |
7/29/2010 |
| Price: |
$6,800,000 |
| Cap Rate: |
7.50% |
| Building
Size: |
14,550± SF |
| Year
Built: |
2010 |
| Primary
Type: |
Free
Standing |
|
|
|
| NNN
McDonald's Ground Lease
Port St. Lucie, FL
New Absolute NNN 20 year corporate McDonald's
with 10% rent increases every 5 years. A+ Location,
outparcel to a new 498,332 sf power center,
anchored by a SuperTarget. Very desirable South
Florida Location. Florida is a No State Income
Tax State.
|
SOLD |
| Close
of Escrow: |
7/23/2010 |
| Price: |
$1,600,000 |
| Building
Size: |
3,750± SF |
| Year Built: |
2007 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Dollar General *Rare Absolute NNN Lease
Orange Park (Jacksonville), FL
Brand new Dollar General in an excellent Florida
suburban market with a corporate 15-year, NNN
lease. Recession-proof tenant. Over 74,500 daily
traffic counts. 10% rental escalations at the
execution of each option period.
|
SOLD
|
| Close
of Escrow: |
7/30/2010 |
| Price: |
$1,476,121 |
| NOI: |
$121,780 |
| Cap Rate: |
8.25% |
| Year
Built: |
2010 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Sonic Corporate "Off Market"
Houston, TX
Brand New Absolute NNN Corporate Sonic Ground
Lease located in Houston, TX. Outparcel to a
brand new Super Target shopping center. Low
price point. 10% rent increases every 5 years.
|
SOLD
|
| Close
of Escrow: |
7/22/2010 |
| Price: |
$980,000 |
| NOI: |
$70,000 |
| Cap Rate: |
7.15% |
| Year
Built: |
2009 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Washington, DC
A+ metro location. Absolute NNN Corporate 7-Eleven,
investment greade tenant, S&P Rated AA-.
Short term remaining on the lease and an extremely
high store sales. Dense infill location.
|
SOLD |
| Price: |
$900,000 |
| Building
Size: |
2,400 ± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Triangle, VA
Corporate absolute NNN lease with rent increases.
7-Eleven is an investment grade tenant, S&P
Rated AA-. |
SOLD |
| Price: |
$700,000 |
| Building
Size: |
2,400 ± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Elmwood Park, NJ
A+ Location. Corporate absolute NNN lease with
rent increases. 7-Eleven is an investment grade
tenant, S&P Rated AA-. |
SOLD |
| Price: |
$1,150,000 |
| NOI: |
$94,537 |
| Building
Size: |
3,000± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Pollo Tropical
Homestead, FL
Absolute NNN 15 year ground lease. Zero Landlord
Responsibilities! Out Parcel to Publix Shopping
Center! Carrols' Pollo Tropical® restaurants
comprise a highly successful regional chain
featuring fresh, grilled chicken.
|
SOLD |
| Price: |
$785,715 |
| Cap Rate: |
7.00% |
| NOI: |
$55,000 |
| Building
Size: |
1,803 ± SF |
| Year
Built: |
2005 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Jack in the Box
Oregon
Absolute NNN Corporate guaranteed 20 year lease
with 8% Rent increases every 5 years. A+ Location! |
SOLD |
| Price: |
$2,298,000 |
| NOI: |
$152,118 |
| Cap Rate: |
6.50% |
| Year
Built: |
1999 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Pep Boys Auto
Orlando, FL
Absolute Net Leased Pep Boys Auto location.
Brand new NNN lease - 15 year term with 1.5%
annual rent increases and 4 options to renew
at 5 years each. 10 auto service bays |
SOLD |
| Price: |
$3,948,622 |
| NOI: |
$266,532 |
| Cap Rate: |
6.75% |
| Lot
Size : |
1.95
Acres |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
CVS
West Point, MS
Brand New Absolute NNN CVS for sale. Main &
Main location in county seat & college town.
25 yr NNN lease with rent commencing at COE.
High traffic counts - Growing population in
area. Large parcel size with 2 means ingress/egress.
|
SOLD |
| Price: |
$3,732,500 |
| Building
Size: |
11,945 SF |
| Cap
Rate: |
6.7% |
| Year
Built: |
2007 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
AutoZone
Jacksonville, FL
Rare 15 Year Absolute NNN Corporate AutoZone!
12% Rent Increase at start of 11th lease year
and then every 5 yr. Auto Zone, Inc. is the
nation's leading retailer of automotive parts
and accessories, with over 3,600 stores. S&P
Rated BBB+ |
SOLD |
| Price: |
$1,692,307 |
| Cap Rate: |
6.50% |
| Building
Size: |
6,855
± SF |
| Year
Built: |
2007 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Walgreens
Sarasota, FL
Absolute NNN lease with 21 +/- years remaining.
A+ location! S&P Credit rating A+. The property
is an out parcel to an established Publix Shopping
Center with over 44,000 cars passing by daily.
Attractive Self-liquidating 25 Year Debt |
SOLD |
| Price: |
$4,370,370 |
| Cap Rate: |
6.75% |
| NOI: |
$295,000 |
| Building
Size: |
14,490 ± SF |
| Year
Built: |
2003 |
|
|
|
NNN
CVS Retail Center
Ft. Lauderdale, FL
NN Leases, A+ Location! This 14,457 SF CVS-anchored
retail center is located in one of the most
desirable neighborhoods. Property is at the
signalized intersection of East Oakland Park
Blvd (30,500 ADT) and Bayview Drive. Other tenants
include, The UPS Store, Hair Cuttery, and Las
Vegas Cuban Cuisine. |
SOLD |
| Price: |
$3,951,140 |
| Cap Rate: |
6.75% |
| Building
Size: |
14,457 ± SF |
| Lot Size: |
.81 acres |
| Year
Built: |
1993 |
|
|
|
NNN
O'Reilly Auto Parts
Statesville, NC
Brand new facility with 20 year corporate absolute
NNN lease with publicly traded tenant in one
of the fastest growing county in North Carolina.
Strategically located at crossroads of two major
interstate highways. |
SOLD |
| Price: |
$1,200,000 |
| Cap
Rate: |
7.0% |
| Year
Built: |
2008 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
AutoZone
Naples, FL
New AutoZone with 20 year NNN lease with (2)
five year options. Auto Zone, Inc. is the nation's
leading retailer of automotive parts and accessories,
with over 3,600 stores in the U.S., Puerto Rico
and Mexico. S&P Rated BBB+ |
SOLD |
| Price: |
$1,920,000 |
| Building
Size: |
6,840
SF |
| Cap
Rate: |
6.25% |
| Year
Built: |
2007 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Tractor Supply Company
Maryland
Brand new, rare Absolute NNN 15-year lease with
4 - five year options and 10% rent bumps every
5 yrs! No Landlord Obligations! AA S&P 500
Rating. 698 stores / 38 states. Net worth of
approximately $598 million. Total Sales: $5.5B
in 2006. (Ticker Symbol: TSCO) |
SOLD |
| Price: |
$5,825,000 |
| Building
Size: |
+/-
20,288 SF |
| Cap
Rate: |
6.50% |
| Year
Built: |
2007 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
CVS
Houston, TX
This CVS Drug Store offers free standing stores
for customers easy in and out access. There
is drive-through pharmacies for consumers conveniences.
There is absolutely no landlord responsibility.
It is an ideal investment property.
|
SOLD |
| Price: |
$6,990,000 |
| Building
Size: |
13,813 SF |
| Cap
Rate: |
6.80% |
| Year
Built: |
2003 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Wendy's
Ft. Myers, FL
20 year absolute NNN lease with an experienced
multi-unit operator. This investment has 7%
rental increases every 5 years and 4 five year
renewal options. Anchored by Publix Supermarket
and Family Dollar Store.
|
SOLD |
| Price: |
$1,400,000 |
| Building
Size: |
2,993 SF |
| Cap
Rate: |
6.95% |
| NOI: |
$100,000 |
| Year
Built: |
2001 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Taco Bell
Tampa , FL
Absolute NNN (no landlord obligations) 20 year
lease with options and 1.50% annual bumps!.
Excellent locations and very competitive rates!
|
SOLD |
| Price: |
$2,250,000 |
| Building
Size: |
2,500 SF |
| Cap
Rate: |
7.4% |
| Year
Built: |
2005 |
| Primary
Type: |
Free
Standing |
|
|
|
|
|
|
|
|
What
is a NNN Lease?
In a triple-net lease (NNN), the tenant pays
all the operating expenses, property taxes,
utilities, insurance premiums, maintenance and
repairs. The landlord gets to collect monthly
net rental income just as he or she would with
a traditional real estate investment. Such a
lease usually extends over the long term, with
a financially strong corporate entity guaranteeing
a lease anywhere from 10-25 years. NNN’s
are typically purchased on a cap rate. A cap
rate is essentially a yield which is determined
by dividing the tenant’s annual rent by
the purchase price. For example, if Walgreens
is paying $325,000 annually and the purchase
price is $5,000,000, the CAP rate is 6.50% ($325,000/$5,000,000).
Example:
Wendy’s is your tenant for a guaranteed
20-year period. The tenant is responsible for
all costs to operate and maintain the property,
this is sometimes referred to as an “absolute”
Triple-Net lease because the only management
required is paying the mortgage (if there is
one) and receiving the rent checks. Triple-Net
lease ownership is great for first-time real
estate investors as well as for long time investors
seeking purchase or trade into less complicated
real estate investments. In many cases, when
the lease expires, you will own the property
free and clear.
The
price range for a NNN lease property is generally
between $1 million - $7 million. The fast food
restaurants and auto stores and are the most
affordable, while drugstores are on the higher
end. Big box retailers such as Home Depot, Lowe’s,
and Publix can bring from $15 million to $25
million. |