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NNN Properties FOR SALE

 

Are you looking for a specific location or tenant? The majority of available NNN Properties are NOT posted on our website. We have access to thousands of Net Leased Investment Properties located nationwide. If you don't find what you're looking for, call us, we know of properties for sale that aren't listed or advertised. We have sold more than 100 single tenant NNN properties worth in excess of $200,000,000+.

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available TRIPLE NET (NNN) Properties

NNN McDonald's Ground Lease
Multiple Locations Nationwide
Absolute NNN 20 Year Corporate McDonald's Ground Lease with 10% rent bumps every 5 years and 4 x 5 year options to renew. Zero Landlord Obligations. McDonald's Corporation operates over 31,300 restaurants in 118 countries. McDonald’s (S&P: A, NYSE: MCD) Sales: $20.46B, Net Worth: $15.15B.

Price: $1M - $3M
Cap Rate: 4.0% - 5.0%
Lease Term: 20± Years
Rent Increases: 10% every 5
Guarantor: Corporate
S&P Rating: A
LL Responsible: None
NNN McDonald's
Price: $1M - $4M
CAP: 5.0%-6.0%
Rent Bump: 10% Every 5
Years on Lease: 15± Years
Guarantor: Corporate
S&P Rating: AA-

Walgreens - Absolute NNN
Mulitple Locations Nationwide
25 Year Absolute NNN Lease with Walgreens Co. (NYSE: WAG | S&P Rated: A). Great for 1031 exchange investors seeking long term secure/stable cash flow with Zero Management Obligations. Annual sales exceeding $53B and a net worth of $11B. Prominent Signalized Hard Corner Locations.

Price: $3M - $7M
Cap Rate: 5.5% - 6.0%
Lease Term: 25 Years
Year Built: 2002 - 2014
Guarantor: Corporate
S&P Rating: BBB+
LL Responsible: None
NNN Walgreens For Sale
NNN WAWA
Florida - Multiple "Off Market" Locations Available
Brand New 20 Year Absolute NNN Wawa in Orlando, FL with 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.
Price: $1.3M - $5M
CAP Rate: 5.25%-6.0%
Building Size: 5,500± SF
Lease Term: 20± Years
Guarantor: Corporate
LL Responsible: None

NNN Panera Bread
Multiple Locations Nationwide
New NNN 15 year Panera Bread. 10% rent increases every 5-years. Tenant is responsible for taxes, insurance and all maintenance, including roof and structure. NOT a ground lease, improvements are included in the sale.

Price: $2M - $3M
CAP: 5.0%-6.0%
Rent Bump: 10% Every 5
Year Built: 2013
Building Size: 4,000± SF
Lease Term : 15 years
NNN Chick-fil-A
Multiple locations nationwide to choose from!
Brand new absolute NNN 15 yr Corporate Locations available. Zero Landlord Obligations! CFA has steadily grown to become the 2nd largest QSR chicken restaurant chain in the US, with more than 1,430 locations in 38 states. CFA’s annual sales have reached more than $2.9 billion - company is very profitable.
Price: $1.2M - $3M
Cap Rate: 4.5% - 5.5%
Lease Term: 15± Years
Rent Bumps: 10% Every 5
Guarantor: Corporate
LL Responsible: None
NNN Chick-fil-A
NNN AutoZone Corporate
Multiple Locations Available
New AutoZone with 20 year NNN leases and rent increases. 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. $5.6 Billion in sales! #1 ranked auto parts retailer. No existing debt.
Price: $1M - $2.5M
Cap Rate: 5.0% - 6.5%
Lease Term: 20± Years
Symbol: AZO
Guarantor: Corporate
S&P Rating: BBB
LL Responsible: None
NNN AutZone For Sale
NNN JPMorgan Chase Bank
Multiple "Off Market" Locations Availalbe
Corporate 20 year Absolute NNN ground lease. Zero Landlord obligations! 10% Rent Increases every 5 years with options.
JPMorgan Chase (NYSE: JPM | S&P: AA-) is one of the oldest, largest and strongest financial services firms in the world. Assets of more than $2 trillion and total stockholder equity of over $54 billion.
Price: $1.5M - $6M
Cap Rate: 5.0% - 5.50%
Lease Term: 20 ± Years
Rent Bumps: 10% Every 5
Symbol: JPM
S&P Rating: AA-
LL Responsible: None
NNN Chase Bank For Sale
NNN CVS Pharmacy
Multiple Locations Nationwide
Brand New Absolute NNN CVS for sale. 25 yr Absolute NNN lease with 10 x 5 yr options to renew and 5% rent bumps in each option. Zero Landlord Obligations! (NYSE: CVS | S&P Rated BBB+). Net Worth is over $2.6± Billion. Build-to-Suit or Ground Lease hard corner, signalized locations available.

Price: $1.5M - $7M
Cap Rate: 5.5% - 6.5%
Lease Term: 25 Years
Symbol: CVS
Guarantor: Corporate
S&P Rating: BBB+
LL Responsible: None
NNN CVS For Sale
NNN PNC Bank
Multiple Locations Nationwide
Absolute NNN 20 Year PNC Bank with 10% bumps every 5 years. Zero Landlord Management Obligations. PNC Bank is one of the highest ranked banks by S&P in the industry (S&P: A / Stable). PNC Bank Acquired National City Bank in 2008. PNC Bank and National City Bank operate about 2,600 branches in the mid-Atlantic region and the Midwest.

Price: $2M - $4.5M
Cap Rate: 5.0% - 5.5%
Lease Term: 20± Years
Symbol: PNC
Guarantor: Corporate
S&P Rating: A / Stable
LL Responsible: None
NNN PNC Bank For Sale

NNN 7-Eleven Corporate Portfolio
More than 45+ Locations Available Nationwide!
A+ Corporate Locations Available, Very High Barriers to Entry with High Store Sales. Low Price Points-Prices Range from $500,000-$1,500,000. Free Standing Convenience Stores or Gas Stations. Can individual orpurchase multiple locations. 7-Eleven is the World's Largest Convenience Retail Chain and Investment Grade S&P Rated AA-.

Price: $500k - $2M
Cap Rate: 5.5%-7.5%
Lease Term: 1-15 Years
Rent Increases: 10% every 5
Guarantor: Corporate
S&P Rating: AA-
LL Responsible: None
NNN O'Reilly Auto Parts
Mulitple Locations Available
20 Yr Corporate NNN O'Reilly Auto Parts. Investment Grade Tenant (NASDAQ: ORLY | S&P: BBB). Transferable 20 Year Roof Warranty. 2nd largest automotive retailer in the US. As of 3/31/11, O'Reilly had 3,613 stores open for business in 39 states. 12 Month Sales from March 31, 2010 - March 31, 2011 were $5.50 billion.
Price: $1M-$2M
Cap Rate: 6.5% - 7.5%
Lease Term : 20± Years
Rent Increases: 10% Every 5
Guarantor: Corporate
S&P Rated: BBB
LL Responsible: Roof/Structure
NNN O'Reilly Auto Parts For Sale

NNN Lowe's Home Improvement
Nationwide
New 20± year Absolute NNN corporate guaranteed Lowe's Home Improvement with rent increases. Zero Landlord Obligations. CAP Rates range from 5.5%-6.5%. (NYSE: LOW | S&P: A) Lowe's operates more than 1,725 stores in the United States, Canada and Mexico. Ranked 49 on the Fortune 500.

Price: $7.5M - $25M
Cap Rate: 5.5%-6.5%
Lease Term: 20± Years
Guarantor: Corporate
Symbol: LOW
S&P Rating: A
LL Responsible: None
NNN Lowe's
NNN Burger King Corporate
Mulitple Locations Available
Brand New Absolute NNN 20 Year Corporate Burger King ground lease with 10% rent bumps every five years. Burger King Holdings operates the world’s #2 hamburger chain based on locations (behind McDonald’s) with more than 11,900 restaurants in the US and more than 70 other countries.
Price: $1M-$1.5M
Cap Rate: 5.5%-6.5%
Lease Term : 20± Years
Rent Increases: 10% every 5
Guarantor: BK Corporate
S&P Rating: BB-
LL Responsible: None
NNN Burger King For Sale
NNN Wendy's
Multiple locations to choose from
20 year Absolute NNN lease. Zero Landlord obligations! Corporate & Franchisee locations available! Great Rent increases every 5 years and 4 five year renewal options.
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.
Price: $1M - $2M
Cap Rate: 5.5% - 6.5%
Lease Term: 20 ± Years
Rent Bumps: 10% Every 5
Symbol: WEN
S&P Rating: BB-
LL Responsible: None
NNN Wendy's For Sale
NNN Publix Super Market
Multiple Locations Nationwide
NNN Long Term Publix Shopping Center. Publix is the largest and fastest growing employee owned supermarket chain in the US and among the ten largest volume supermarket chains in the US. Publix operates 1,009 supermarkets including 724 in Florida, 177 in Georgia, 42 in South Carolina, 39 in Alabama and 27 in Tennessee.

Price: $7M-$20M
Cap Rate: 6.0% - 6.5%
Lease Term: 20± Years
Guarantor: Corporate
LL Responsible: None
NNN Publix
NNN Taco Bell
Multiple locations nation wide to choose from!
Brand new absolute NNN 20 Year Corporate & Franchisee Locations available. Zero Landlord Obligations! Yum! Brands, is the world’s largest restaurant company based on system units with over 34,000 stores in over 100 countries. Taco Bell is the 5th largest QSR chain in the US and the clear leader in the Mexican QSR segment with 58% market share.
Price: $750k-$2.5M
Cap Rate: 5.5% - 7.0%
Lease Term: 20± Years
Rent Bumps: 10% Every 5
Guarantor: Corporate
S&P Rating: BBB-
LL Responsible: None
NNN Taco Bell
NNN Wells Fargo Bank Ground Lease
Multiple locations nationwide
Absolute NNN 20 year Corporate Wells Fargo ground lease with 10% Rent Increases every 5 years. Zero Landlord obligations! Corporate Wells Fargo (NYSE: WFC | S&P: AA/Stable), boasting $98.6 Billion in revenues and a market capitalization of $135 Billion as of June 2010. Investment grade credit tenant currently ranked 19th on the Fortune 100.
Price: $1.5M-$5.5M
Cap Rate: 5.0% - 5.5%
Lease Term: 20± Years
Rent Bumps: 10% Every 5
Guarantor: Corporate
S&P Rating: AA/Stable
LL Responsible: None
NNN Wells Fargo Bank
NNN Jack in the Box Corporate
Mulitple Locations Available
Brand New Absolute NNN 20 Year Corporate Jack in the Box with 10% rent bumps every five years. Jack in the Box is among the leading quick-service restaurant businesses in the US. The company operates and franchises more than 2,200 of its flagship hamburger outlets in California, Texas, and about 15 other states.
Price: $1M-$2.2M
Cap Rate: 6.0% - 7%
Lease Term : 20± Years
Rent Increases: 10% every 5
Symbol: JACK
Guarantor: Corporate
LL Responsible: None
NNN Burger King For Sale
NNN Dollar General
Multiple locations to choose from!
15 Year NNN & NN Corporate Locations Available. Recession-Proof Tenant. Dollar General operates more than 8,400 stores. Dollar General’s 2009 fiscal-second-quarter profit more than tripled to reach $93.6 million, and revenue climbed 11% to $2.91 billion. DG also reported an 8.6% jump in same-store sales
Price: $500K - $2M
Cap Rate: 6.5% - 7.5%
Building Size: 7,000± SF
Lease Term: 15± Years
Symbol: DG
Guarantor: Corporate
2008 Sales: $10.5B
NNN Dollar General
NNN Kohl's Corporate
Multiple Locations Availalbe
Brand New Absolute NNN 20 Year Corporate Kohl's. Investment Grade (S&P Rated BBB+ | NYSE: KSS). Fortune 500 company (#135 in 2010) with estimated sales of $18 billion in 2010. Excellent Long Term Financing Available - 10 Yr Fixed at 5%, 70% LTV & 30 year AM. As of January 2011, the company operated approximately 1,089 stores in 49 states.
Price: $3.5M-$15M
Cap Rate: 6.25% - 7.0%
Lease Term: 20 Years
Symbol: KSS
Guarantor: Corporate
S&P Rating: BBB+
LL Responsible:: None
NNN Kohl's For Sale
NNN Bank of America
Multiple Locations Nationwide
Absolute NNN 20 year Corporate Bank of America ground lease with 10% Bumps every 5 years. Zero Landlord obligations! (NYSE: BAC | S&P: A/Stable), BAC is the largest U.S.-based financial holding company, with 3/31/11, assets of $2.275 trillion, loans of $932.4 billion, and total deposits of $1.02 trillion. It acquired Merrill Lynch and Countrywide Financial in 2008.

Price: $1.5M - $5M
Cap Rate: 5.0% - 5.75%
Lease Term: 20± Years
Symbol: BAC
Guarantor: Corporate
S&P Rating: A / Stable
LL Responsible: None
NNN PNC Bank For Sale
NN Advance Auto Parts
Multiple locations to choose from!
15 Year NNN Corporate Lease with rent increases in the options. Advance Auto Parts is the 2nd largest auto parts retailer in the U.S with over 3,200 stores. AAP is a Fortune 500 member and was named the best-managed retail company in 2005 by Forbes Magazine and had a net worth in excess of $1.07 billion. Minimal Landlord Responsibilities.
Price: $1M - $2M
Cap Rate: 6.5% - 7.5%
Lease Term: 15± Years
Rent Bumps: 10% Every 5
Symbol: AAP
S&P Rating: BBB-
LL Responsible: Structure
NNN Advance Auto For Sale
NNN TD Bank Ground Lease
Multiple Locations Nationwide
Brand New Absolute NNN 25 Year Corporate TD Bank. Excellent Locations. 10% rent increases every 5 years and Zero Landlord Obligations! TD bank is one of Worlds safest banks primarily in Northeast with major FL expansion. Rated Aaa by Moody's, AA- by Standard and Poor's.
Price: $4,000,000
Cap Rate: 5.0%-5.5%
Lease Term: 20± Years
Rent Bumps: 10% Every 5
Guarantor: Corporate
Symbol: TD
S&P Rating: AA-
LL Responsible: None
NNN TD Bank
NNN IHOP
Multiple Locations Available.
Absolute NNN 20 Yr Corporate & Franchisee IHOP. Corprate guarateed by Dine Equity Inc. (NYSE: DIN). Long leases and great locations with rent increases.
Price: $1.5M-$2.5M
Cap Rate: 6.0% - 7.0%
Lease Term: 20± Years
Rent Bumps: 10% Every 5
Guarantor: Corporate
Symbol: DIN
LL Responsible: None
NNN IHOP For Sale
NNN Tractor Supply Company
Multiple Locations Available
Brand new, NN 15-year lease with 4 - five year options and 10% rent bumps every 5 yrs! AA S&P 500 Rating. 698 stores / 38 states. Net worth of approximately $598 million. Total Sales: $5.5B in 2006. (Ticker Symbol: TSCO)
Price: $3M - $5M
Cap Rate: 6.25% - 7.5%
Lease Term: 15± Years
Rent Bumps: 10% Every 5
Guarantor: Corporate
Symbol: TSCO
S&P Rating: Private
LL Responsible: Roof&Structure
NNN Tractor Supply
NNN Home Depot
20 year Absolute NNN corporate guaranteed leases. CAP Rates range from 6.75% to 7.5%. Zero Landlord Obligations. The Home Depot, Inc. is the world's largest home improvement specialty retailer and the second largest overall retailer in the United States, with fiscal 2007 retail sales of $77.3 billion and earnings from continuing operations of $4.2 billion.
Price: $6M - $25M
Cap Rate: 5.5% - 6.5%
Lease Term: 20 ± Years
Guarantor: Corporate
Symbol: HD
S&P Rating: BBB+
LL Responsible: None
NNN Home Depot For Sale
NNN Arby's
Multiple Locations Nationwide
Absolute NNN Corporate or Franchisee guaranteed 20 year lease with annual rent bumps. A+ locations! On Sep 29, 2008 Triarc Inc., the parent company of Arby's Restaurant Group, & Wendy's International, completed their merger transaction and onw named Wendy's/ Arby's Group. Approx sales are $12 billion, and owns or franchises over 10,000 restaurants.
Price: $1M - $2.5M
Cap Rate: 7% - 8.5%
Lease Term: 20 ± Years
Rent Bumps: Annual
Symbol: WEN
S&P Rating: BB-
LL Responsible: None
NNN Arby's For Sale

NN Starbucks Corporate
Nationwide
New Starbucks located in the Sarasota Florida area. The property is among the top three performing stores in the entire Central West Coast Florida region. Out parcel to 404,000 SF Lowes Power Center. 53,000 VPD. 10 Year lease with bumps! MULTIPLE LOCATIONS AVAILABLE!

Price: $1M - $2.5M
Cap Rate: 6.5% - 7.5%
Lease Term: 10± Years
Rent Bumps: 10% Every 5
Guarantor: Corporate
Symbol: SBUX
S&P Rating: BBB+
LL Responsible: Roof&Structure
NNN Starbucks For Sale

NN Verizon Wireless Corporate
Brand New Construction! 10 Yr NN Corporate lease with 10% Rent Bumps every 5 Yrs and 4 x 5 yr options to renew! Multiple locations available! Great for 1031 exchanges. S&P Credit Rating A.

Price: $1M - $2.5M
Cap Rate: 7.25% - 8.5%
Lease Term: 10 ± Years
Rent Increases: 10% every 5
Symbol: VZ
Guarantor: Corporate
S&P Rating: A
LL Responsible: Roof&Structure
NNN Verizon
NN Walgreens
Multiple Locations Nationwide
NN Walgreens for sale! Walgreens that have been constructed prior to 2002 are typically on their standard 20 year flat leases with options. Walgreens pays for all operating expenses on the property including real estate tax, insurance and CAM; with the exception of roof and structure.
Price: $1.5M - $5M
Cap Rate: 7.0% - 8.0%
Lease Term: 20 Years
Year Built: Prior to 2002
Symbol: WAG
Guarantor: Corporate
S&P Rating: A+
LL Responsible: Roof&Structure
NNN Walgreens
File Photo

NNN Properties UNDER AGREEMENT

NNN Tottenville commons
Staten Island, NY
100% occupied NNN shopping center located in Staten Island, NY. Excellent tenant mix of some of the largest and most successful retailers in the Country. Tenants include a free standing CVS & McDonald's, both with 10+ years and rent bumps every 5 - Capital One, Sherwin Williams and Top Tomato. New 10 year assumable debt fixed at 4%.
Status: CONTRACT
Asking Price: $29,750,000
CAP: 5.79%
Building Size: 58,169± SF
Occupancy: 100%
Year Built: 2001
NNN 7-Eleven For Sale
NNN Denny's
Orlanod, FL
Absolute NNN Denny's in Orlando, FL for $1,415,000 / 5% CAP with 13.9 yrs on Lease and 10% bumps every 5-years. Long term established Denny's has great frontage on the heavily trafficked S Orange Ave, just north of Sand Lake Rd. Great long-term intrinsic value with rent of only $15.13 per sf. Sale includes BOTH building & land.
Status: CONTRACT
Asking Price: $1,415,000
CAP: 5.0%
Years on Lease: 13.9± Years
Rent Increases: 10% Every 5
TRaffic count: 79,000+
lot size: 1.13± AC
NNN O'Reilly Auto Parts For Sale
File Photo
NNN O'REILLY AUto PARTS Corporate
Ft. Worth, TX
Rare low priced, absolute Triple-Net corporate O'Reilly Auto Ground Lease located in Located in Ft. Worth, TX. There are 13± yrs remaining on the 20 year Lease and 10% bumps every 5-years. Dense infill location with 21,000± people within 1-mile. No LL Responsibilities. Great intrinsic value with below market rent and priced below replacement cost.
Status: IN ESCROW
Asking Price: $937,200
CAP: 5.0%
Years on Lease: 13± Years
Rent Increases: 10% Every 5
S&P Rating: BBB
NNN O'Reilly Auto Parts For Sale
File Photo
Status: IN ESCROW
Asking Price: $1,244,571
CAP: 7.0%
Years on Lease: 6± Years
Rent Increases: 10% Every 5
S&P Rating: AA-
NN CHS Corporate
Confidential Location
Brand New 10 year Community Health Systems (CHS). Class A, 2-Story, 27,992 SF single tenant medical building. A+ Location next to Lowe's and Publix with traffic counts of 52,800 VPD. CHS is one of the nation's leading operators of general acute care hospitals who own, operate or lease 135 hospitals in 29 states.
Status: IN ESCROW
Asking Price: $12,165,000
CAP: 6.0%
Years on Lease: 10 years
Rent Increases: 3% Annual
CHS
NNN 7-Eleven Corporate
Orlando, FL - Low Rent/Price Point
Brand New 10 Year Absolute NNN 7-Eleven Corporate ground lease in Orlando, FL with 10% bumps every 5-years. Heavily trafficked, Dense Infll Location at a busy signalized corner. 7-Eleven is the World's Largest Convenience Retail Chain and Investment Grade S&P Rated AA-.
Status: IN ESCROW
Asking Price: $1,310,000
CAP: 4.74%
Years on Lease: 10± Years
Rent Increases: 10% Every 5
S&P Rating: AA-
NNN 7-Eleven For Sale

2014 SOLD NNN Properties

NNN Jiffy Lube Ground Lease
Orlando, FL
Established NNN Jiffy Lube located in Orlando, FL. Jiffy Lube has occupied this location for over 30 years and showing their dedication to this site, they recently extended the lease for an additional 10 years. RARE 12% rent increases every 3-years. Great Frontage in Orange Blossom Trail with Traffic Counts of 50,000 CPD.

Status: SOLD
Closing Date: 4/18/14
SALES Price: $756,000
CAP: 7.25%
Years on Lease: 10± Years
Rent Increases: 12% Every 3
Guarantor: Franchisee
NNN Bank of America
Status: SOLD
Closing Date: 4/17/14
SALES Price: $1,465,000
CAP: 5.25%
Years on Lease: 15± Years
Rent Increases: 12% Every 5
Guarantor: Corporate
NNN Bank of America
Status: SOLD
Closing Date: 3/4/14
Sales Price: Confidential
Years on Lease: 12± Years
Rent Increases: 12% Every 5
Guarantor: Corporate
S&P Rating: A-
NNN Bank of America
Status: SOLD
Closing Date: 1/28/14
Sales Price: $3,750,000
Cap Rate: 6.72%
Lease Term: 10± Years
Guarantor: Corporate
Symbol: TSCO
NNN Tractor Supply
Status: SOLD
Closing Date: 1/15/14
Sales Price: $2,534,000
CAP: 5.0%
Years on Lease: 15 Years
Rent Increases: 10% Every 5
Guarantor: Corporate
NNN 7-Eleven For Sale

NNN 7-Eleven Corp - RARE Fairfield Beach Location
Fairfield, CT
Absolute NNN 7-Eleven Corporate C-store (no gas) located in Fairfield, CT with 6.5± yrs on the Lease. 7-Eleven is investment grade S&P rated "AA-". There are Zero Landlord Obligations. Sale Includes Both Building & Land (NOT a ground Lease). Established Location - 7-Eleven has occupied this location since 1973, for over 40 years!

Status: SOLD
Closing Date: 1/3/14
Sales Price: $1,246,000
Cap Rate: 5.75%
NOI: $71,678
Lease Term: 6.5± years
Building Size: 2,400± SF

2013 SOLD NNN Properties

NNN Walgreens
Mount Pleasant, SC
Absolute NNN Walgreens in Mount Pleasant SC with 18 years remaining. Hard signalized corner across from Mount Pleasant Towne Center with tenants include: Lowe's, Belk, Regal Cinemas, Banana Republic, Gap.
Avg HH Income within a 5-mile radius is over $100,000 & Traffic counts are 37,500 VPD.
Status: SOLD
Asking Price: $5,000,000
Cap Rate: N/A
Lease Term: 18± Years
Symbol: WAG
S&P Rating: A
LL Responsible: None
Status: SOLD
Closing Date: 12/6/13
Sales Price: $1,100,000
CAP: 5.09%
Years on Lease: 6.2± Years
Rent Increases: 13% Every 5
Guarantor: Corporate
NNN 7-Eleven For Sale
Status: SOLD
Closing Date: 11/12/13
Sales Price: $3,250,000
CAP Rate: 5.97%
Building Size: 5,500± SF
Years on Lease: 20± Years
Guarantor: Corporate
NNN WaWa For Sale
Status: SOLD
Closing Date: 10/16/13
Sales Price: $2,150,000
Cap Rate: 6.93%
Lease Term: 13± Years
Building Size 3,000 SF
LL Responsible: None
NNN Wendy's For Sale
Status: SOLD
Closing Date 10/9/13
Sales Price: $2,943,000
Asking Cap: 5.47%
Lease Term: 20± Years
Rent Bumps: 10% Every 5
LL Responsible: None
NNN Chase Bank For Sale
Status: SOLD
Closing Date: 9/12/13
Asking Price: $1,925,000
CAP: 6.33%
Years on Lease: 10± Years
Rent Increases: 10% Every 5
Guarantor: Corporate
NNN 7-Eleven For Sale
Status: SOLD
Closing Date 8/22/13
Asking Price: $1,180,000
CAP: 5.25%
Years on Lease: 10± Years
Rent Increases: 10% Every 5
S&P Rating: AA-
NNN Walgreens
Dallas (Rowlett), TX
Absolute NNN Walgreens in Rowlett (Dallas), TX with 15.5 years remaining. This Walgreens is situated on a hard signalized corner in an affluent Dallas suburb next to Target, McDonald's, Wal-Mart, Home Depot, Chase Bank and much more.
Established location with strong sales. Zero LL Responsibilities.
Status: SOLD
Closing Date: 8/19/13
Sales Price: $6,060,000
Cap Rate: 5.90%
Lease Term: 15.5± Years
Symbol: WAG
S&P Rating: A
NNN Walgreens For Sale
Status: SOLD
Closing Date: 8/9/13
Sales Price: $2,916,936
CAP Rate: 5.59%
Building Size: 5,500± SF
Years on Lease: 20± Years
Guarantor: Corporate
LL Responsible: None
Status: SOLD
Closing Date: 8/5/13
Sales Price: $5,312,000
Cap Rate: 4.8%
Lease Term: 20± Years
Rent Bumps: 10% Every 5
LL Responsible: None
NNN Chase Bank For Sale
File Photo
Status: SOLD
Closing date: 7/19/13
Sales Price: $1,540,000
CAP Rate: 6.16%
Lot Size: 1.232± AC
Years on Lease: 11± Years
Rent Increases: 12% Every 5
LL Responsible: None
Status: SOLD
Closing Date: 7/19/13
Sales Price: $1,450,000
CAP Rate: 6.0%
Building Size : 6,000± SF
Years on Lease: 12.7± Years
Rent Increases: 3% Annual
LL Responsible: Roof/Structure
Status: SOLD
Closing Date: 7/5/13
Sales Price: $500,000
CAP Rate: 5.98%
Rent Increases: 11% Every 5
Years on Lease: 12± Years
LL Responsible: None
S&P Rating: AA- / Stable
NNN 7-Eleven
Status: SOLD
Closing Date: 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

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
Closing Date: 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
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
Closing Date: 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
Status: SOLD
Closing Date: 3/28/13
Price: $800,000
CAP: 7.42%
Building Size: 2,400± SF
Rent Increases: None
Years on Lease: 5.5± Years
LL Responsible: None
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
Closing Date: 3/21/13
Asking Price: $883,805
Cap Rate: 5.15%
Lease Term: 14± Years
Symbol: AZO
S&P Rating: BBB
LL Responsible: None
NNN AutZone For Sale
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!

Status: SOLD
Closing Date: 2/21/13
Asking Price: $4,050,000
CAP Rate: 7.31%
Lease Term: 11+ Years
Lot Size: 2.13± AC
Guarantor: Holiday CVS
LL Responsible: None
Status: SOLD
Colse of Escrow: 2/15/13
CAP Rate:

5.40%

Price: $775,000
Rent Increases: 11% Every 5
Years on Lease: 12.1± Years
LL Responsible: None

2012 SOLD NNN Properties

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+

Status: SOLD
Closing Date: 12/27/12
Sales Price: $4,000,000
CAP Rate: 5.82%
Lease Term: 22± Years
S&P Rating: BBB+ / Stable
Guarantor: Corporate
LL Responsible: None

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+

Status: SOLD
Closing Date: 12/27/12
Sales Price: $3,000,000
CAP Rate: 5.78%
Lease Term: 27± Years
S&P Rating: A- / Stable
Guarantor: Corporate
LL Responsible: None
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
Closing Date: 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
Status: SOLD
Closing Date: 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
Status: SOLD
Closing Date: 11/27/12
Sales Price: $3,768,362
Cap Rate: 5.21%
Lease Term: 30± Years
Rent Bumps: 10% Every 5
S&P Rating: AA-
LL Responsible: None
Status: SOLD
Closing Date: 11/21/12
sales Price: $1,461,301
CAP Rate: 6.30%
Lease Term: 7± Years
Guarantor: Corporate
S&P Rating: A-
LL Responsible: None
Status: SOLD
Closing Date: 11/16/12
Sales Price: $1,400,000
CAP Rate: 5.30%
Building Size: 5,500± SF
Years on Lease: 20± Years
Guarantor: Corporate
LL Responsible: None
Status: SOLD
Closing Date: 11/7/12
Price: $1,088,000
CAP Rate: 6.76%
Lease Term: 15± Years
S&P Rating: BBB / Stable
Guarantor: Corporate
LL Responsible: None
NNN AutZone For Sale
File Photo
Status: SOLD
Closing Date: 10/11/12
Price: $734,000
CAP: 5.99%
Years on Lease: 5.5± Years
Gas: NO
Guarantor: Corporate
S&P Rating: AA-

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
Closing Date: 9/28/12
Asking Price: $1,992,000
CAP Rate: 4.77%
Rent Bumps: 10% Every 5
S&P Rating: A / Stable
LL Responsible: None
Status: SOLD
Closing Date: 8/21/12
Price: $515,000
Building Size: 2,400± SF
Rent Increases: 10% Every 5
Years on Lease: 12± Years
LL Responsible: None
Status: SOLD
Closing Date: 8/2/12
Price: $1,917,000
CAP: 6.0%
Years on Lease: 15± Years
Guarantor: Corporate
S&P Rating: AA-

NNN Panera Bread
Oklahoma CIty, OK
RARE Brand New Free Standing 10 year 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.

Status: SOLD
Closing Date: 5/16/12
Asking Price: $1,885,000
CAP Rate: 7.23%
Rent Bump: 8% Every 5
Year Built: 2012
Building Size: 4,377± SF
Primary Type: Free Standing

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.

Status: SOLD
Closing Date: 4/25/12
Price: $1,993,000
CAP: 7.35%
Lease Term: 14 Years
Guarantor: Corporate
S&P Rating: BB+ / Stable
LL Responsible: None
Status: SOLD
Closing Date: 4/19/12
Price: $1,217,392
Lease Term: 20± Years
CAP Rate: 5.75%
Symbol: AZO
Guarantor: Corporate
LL Responsible: None
NNN AutZone For Sale
File Photo
Status: SOLD
Closing Date: 3/21/12
Price: $760,000
CAP: 5.5%
Building Size: 2,400± SF
Years on Lease: 2± Years
LL Responsible: None

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
Closing Date: 3/9/12
Sales Price: $2,975,000
CAP: 6.0%
Rent Bumps: 10% Every 5
Lease Term: 15 Years
S&P Rating: AA- / Stable
Year Built: 2012

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
Closing Date: 3/9/12
Sales Price: $1,350,000
Cap Rate: 6.72%
Lease Term: 18± Years
Guarantor: Franchisee
LL Responsible: None

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
Closing Date: 2/29/12
Price: $765,000
Cap Rate: 8.33%
Lease Term: 15± Years
Guarantor: Franchisee
LL Responsible: None

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.

Status: SOLD
Closing Date: 2/26/2012
Price: $885,000
Cap Rate: 7.07%
Lease Term: 9± Years
Symbol: DIN
Guarantor: Corporate
LL Responsible: None

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.

Status: SOLD
Closing Date: 2/16/2012
Sales Price: $735,000
Cap Rate: 7.41%
Years on Lease: 1.7± Years
Gas: YES
LL Responsible: None
Status: SOLD
Closing Date: 2/16/2012
Sales Price: $680,000
CAP Rate: 5.88%
Rent Increases: 11% Every 5
Years on Lease: 8.3± Years
LL Responsible: None

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:
Walgreens is your tenant for a corporate guaranteed 25-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 - $10 million. The Fast Food Restaurants, Autoparts Stores, Dollar Stores, Convenience Stores/Gas Stations and Banks 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.

 

 

The properties shown on this website may or may not be exclusively listed by SOLID INVESTMENTS of Berger Realty Group.
All information shown on www.solidinvestmentsfl.com is believed to be accurate, but is not warranted.

SOLID INVESTMENTS of Berger Realty Group • Phone 954-296-6955 • Fax 954-944-1830
11015 Gatewood Dr Suite 102 Lakewood Ranch, FL 34211

 

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