NNN PROPERTIES
 

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)

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AVAILABLE NNN PROPERTIES

NNN Wells Fargo/Office Depot Center
Brand New Construction! A++ Location! Wells Fargo is on a brand New 20 year Absolute NNN Ground Lease with 10% bumps every 5 years. Office Depot has a new 15 year Net Lease with 10% increase every 5 years. Just Reduced to an 8% CAP Rate! Corporate Guaranteed Leases! Over 75,000 vehicles per day!

Status: Active
Price: $5,845,000
NOI: $467,620
CAP Rate: 8.0%
Year Built: 2008
Building Size: 19,000 ± SF
Guarantor: Corporate

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

Price: $4M - $10M
Cap Rate: 6.75% - 7.0%
Lease Term: 25 Years
Year Built: 2002 - 2009
Symbol: WAG
Guarantor: Corporate
S&P Rating: A+
LL Responsible: None
Price: $4M - $10M
Cap Rate: 6.75% - 7.25%
Lease Term: 25 Years
Symbol: CVS
Guarantor: Corporate
S&P Rating: BBB+
LL Responsible: None
Status: Active
Price: $8,676,441
NOI: $629,042
Cap Rate: 7.25%
Occupancy: 95%
Building Size: 29,906 ± SF
Year Built: 2006

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NNN Office Depot
Miami, FL
Price has just been reduced for an immediate sale! 8.5% CAP Rate! Brand New Construction! Office Depot has a new 15 year Net Lease with 10% increase every 5 years. Over 75,000 vehicles per day! A+ Location!
Status: Active
Price: $4,150,000
NOI: $342,620
CAP Rate: 8.5%
Guarantor: Corporate
Building Size: 34,400 ± SF
Year Built: 2008

NNN McDonald's Ground Leases
20 years remaining on an Absolute NNN 20 Year Corporate McDonald's Ground Lease with 10% rent bumps every 5 years! A+ location at signalized corner! S&P Credit Rating "A". Net worth is over $65.46 Billion. Excellent Demographics! McDonald's Corporation operates 31,377 restaurants in 118 countries. *Property must be acquired all cash because of existing environmental issues.

Price: $1M - $2M
Cap Rate: 5.5% - 6.25%
Lease Term: 20 ± Years
Rent Increases: 10% every 5
Symbol: MCD
Guarantor: Corporate
S&P Rating: A
LL Responsible: None

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NN AutoZone
Florida
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+ qualifying as Investment Grade. $5.6 Billion in sales! #1 ranked auto parts retailer. No existing debt.
Price: $1.5M - $3.5M
Cap Rate: 6.75% - 7.25%
Lease Term: 20 Years
Symbol: AZP
Guarantor: Corporate
S&P Rating: BBB+
LL Responsible:: None
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 - $2.5M
Cap Rate: 6.75% - 7.5%
Lease Term: 20 ± Years
Rent Bumps: Annual
Symbol: WEN
S&P Rating: BB-
LL Responsible: None

NNN Office/Retail Building
Miramar, FL
Brand new, Class A, 100,429 ± SF mixed use building that is part of a new community surrounded by major national tenants. Shadow anchored by a new Publix shopping center! Very strong demographics and traffic count exceeds 40,000 VPD! Great mix of national and local tenants all on long term NNN leases!

Status: Active
Price: $23,000,000
CAP (Proforma) 7.34%
Building Size: 100,429 ± SF
Lot Size: 8.40 ± Acres
Year Built: 2007
Primary Type: Mixed Use
NNN Arby's
Atlanta, GA
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, and Wendy's International, completed their merger transaction. The company will be named Wendy's/Arby's Group, Inc. Approx sales are $12 billion, and owns or franchises over 10,000 restaurants.
Price: $1M - $2.5M
Cap Rate: 6.75% - 7.5%
Lease Term: 20 ± Years
Rent Bumps: Annual
Symbol: WEN
S&P Rating: BB-
LL Responsible: None
NNN FedEx Kinko's
Tallahassee, FL
Brand New Construction. FedEx/Kinko's Office is the world's leading provider of document solutions and business services. With a global network, the Dallas based company has 1,500 digitally connected locations in the United States and 11 countries. FedEx Kinko's is part of the $34 billion FedEx family of companies.
Price: $1,345,573
Building Size: 1,750 ± SF
Cap Rate: 7.50%
Occupancy: 100%
Year Built: 2008
Symbol: FDX
Guarantor: Corporate
Primary Type: Free Standing

NN Starbucks
Florida
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: 6.75% - 7.15%
Lease Term: 10 ± Years
Rent Bumps: 10% Every 5
Guarantor: Corporate
Symbol: SBUX
S&P Rating: BBB+
LL Responsible: Roof&Structure

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NNN Industrial Warehouse
Port St. Lucie, FL
Property is leased to a Large National Corporate Tenant (S&P Credit Rating of BBB and Revenue of over $21.6 Billion) on an Absolute NNN 10 Year Lease with 3% Annual Bumps! Excellent Assumable Financing of $3.3M with Non Recourse 6.05% fixed for 15 yrs! Excellent South Florida Location!

Status: Active
Price: $5,356,000
Cap Rate: 6.92%
NOI: $370,800
Building Size: 19,920 ± SF
Year Built: 2008
Primary Type: Free Standing

NN Verizon Wireless
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% - 7.75%
Lease Term: 10 ± Years
Rent Increases: 10% every 5
Symbol: VZ
Guarantor: Corporate
S&P Rating: A
LL Responsible: Roof&Structure

NN Starbucks/T-Mobile Center
Chicago, IL
Brand New construction that is 100% occupied with two National Credit Tenants: Starbucks BBB+ & T-Mobile- A-. Located in front of the new Wal-Mart Supercenter. 10 year leases with great rent bumps! A+ Location!

Status: Active
Price: $3,460,123
NOI: $224,908
Cap Rate: 6.50%
Building Size: 5,407 SF
Year Built: 2007
Primary Type: Strip Center
NNN Tractor Supply Company
FL, TX, GA, OH, VA, IL, MI, PA
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: 6.75% - 7.25%
Lease Term: 15 ± Years
Rent Bumps: 10% Every 5
Guarantor: Corporate
Symbol: TSCO
S&P Rating: Private
LL Responsible: Roof&Structure

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NNN Applebee's
Multiple Locations available!

20 year absolute NNN lease with 1.5% annual increases. Prices range from $1.7M-$5M. All excellent locations. Multiple locations available throughout FL! Strong operator with over 100 units.
Price: $1.5M - $5M
Cap Rate: 7% - 7.75%
Lease Term: 20 ± Years
Rent Bumps: 10% Every 5
Symbol: Private
S&P Rating: Private
LL Responsible: None

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NNN Burger King - Multiple locations available!
Nation Wide
Absolute NNN (No landlord obligations) 20 year lease with options and great rent bumps and 4 x 5 year options to renew. Multiple locations to choose from!
Price: $1M - $2.5M
Cap Rate: 6.75% - 7.50%
Lease Term: 20 ± Years
Rent Bumps: Annual
Guarantor: Corporate
Symbol: BKC
S&P Rating: BB-
LL Responsible: None

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Status: Active
Price: $2,300,000
Cap Rate: 7.00%
Building Size: 4,400 ± SF
Lot Size: 0.85 ± Acres
Year Built: 2008
S&P Rating: A
Primary Type: Strip Center
NN Walgreens
Nation Wide
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: $4M - $8M
Cap Rate: 7% - 8%
Lease Term: 20 Years
Year Built: Prior to 2002
Symbol: WAG
Guarantor: Corporate
S&P Rating: A+
LL Responsible: Roof&Structure
NN Office Depot Center
Miami, FL
Office Depot has leased 90% of this brand new build to suit free standing building on an NN leased basis for an annual net rent of $295,470 for a primary term of 15 years with 3- 5 year options and rent increases of 10% every ten years. In addition there is 2,050 SF leased for 5 years at $51,250.
Price: $3M - $7M
Cap Rate: 8%
Lease Term: 15 ± Years
Symbol: ODP
Guarantor: Corporate
S&P Rating: BB+
LL Responsible: Roof&Structure
NNN Dunkin Donuts
Florida
5 excellent locations to choose from in South Florida! 10 year NN leases with 10% rent increases every 5 years. Prices range from $1.6M - $3M. Two free standing locations and three multi tenant strip centers. Call for more info.
Price: $1M - $3M
Cap Rate: 7% - 8%
Lease Term: 10 ± Years
Year Built: 2006
Guarantor: Franchisee
S&P Rating: BB+
LL Responsible: Roof&Structure
PROPERTIES UNDER LOI/CONTRACT

NNN Walgreens Ground Lease
Boca Raton, FL
Absolute NNN lease with a brand new 25 year lease with 50 x 1 year options to renew. Zero Landlord Obligations! Great for 1031 Exchanges! Construction is scheduled begin in September 2008. (S&P Rating A+). Excellent South Florida location with very strong Demographics! Across from Publix Center!

Status: Under Contract
Price: $3,600,000
Cap Rate: 6.25%
NOI: $225,000
Lot Size: 1.00 ± Acre
Year Built: 2009
Primary Type: Free Standing
RECENTLY SOLD PROPERTIES
NNN Jack in the Box
Oregon
Absolute NNN Corporate guaranteed 20 year lease with 8% Rent increases every 5 years. A+ Location!
Status: 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
Status: 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.
Status: 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+
Status: 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
Status: SOLD
Price: $4,370,370
Cap Rate: 6.75%
NOI: $295,000
Building Size: 14,490 ± SF
Year Built: 2003