|
|
NNN
Corporate 7-Eleven Portfolio
More than 200 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.
Strip Center/Free Standing Convenience Stores
or Gas Station Locations. Can purchase individual
or multiple locations. 7-Eleven is the World's
Largest Convenience Retail Chain and S&P
Rated A. 7-Eleven operates more than 37,500
Stores.
|
|
|
|
NNN
McDonald's Ground Lease
Multiple Locations Nationwide
Absolute NNN 20 Year Corporate McDonald's Ground
Lease with 10% rent bumps every 5 years! S&P
Credit Rating "A". Net worth is over
$65.46 Billion. McDonald's Corporation operates
31,377 restaurants in 118 countries.
|
| Price: |
$1M
- $2M |
| Cap Rate: |
5.5%-6% |
| Lease Term: |
20 ±
Years |
| Rent Increases: |
10% every
5 |
| Symbol: |
MCD |
| Guarantor: |
Corporate |
| S&P
Rating: |
A |
| LL Responsible: |
None |
|

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|
NNN
JP Morgan Chase Bank
Corporate 20 year Absolute NNN ground lease.
Zero Landlord obligations! Multiple locations
available nationwide. 10% Rent Increases every
5 years with options. JP MORGAN CHASE
(NYSE: JPM) (S&P: “AA-”) is
one of the oldest, largest and strongest financial
services firms in the world. Assets of more
than $2.02 trillion and total stockholder equity
of over $54 billion.
|
| Price: |
$1.4M
- $3.5M |
| Cap Rate: |
5.50%
- 7.0% |
| Lease Term: |
20 ±
Years |
| Rent Bumps: |
10% Every
5 |
| Symbol: |
JPM |
| S&P
Rating: |
AA- |
| LL Responsible: |
None |
|

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|
Absolute
NNN Walgreens
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.
Non-Recourse, 25 Year
Fixed Self-Amortizing Debt is Available at 85%
LTV |
| Price: |
$3M
- $7M |
| Cap Rate: |
6.75%
- 8.0% |
| Lease Term: |
25 Years |
| Year Built: |
2002 -
2009 |
| Symbol: |
WAG |
| Guarantor: |
Corporate |
| S&P
Rating: |
A+ |
| LL Responsible: |
None |
|

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|
NNN
AutoZone
Multiple Locations Availalbe
New AutoZone with 20 year NNN lease with 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: |
$1M
- $3.5M |
| Cap Rate: |
6.75%
- 7.25% |
| Lease Term: |
20 Years |
| Symbol: |
AZO |
| Guarantor: |
Corporate |
| S&P
Rating: |
BBB+ |
| LL Responsible:: |
None |
|

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|
| NNN
CVS
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 $2.6± Billion.
|
| Price: |
$1.5M
- $7M |
| Cap Rate: |
6.75%
- 8.0% |
| Lease Term: |
25 Years |
| Symbol: |
CVS |
| Guarantor: |
Corporate |
| S&P
Rating: |
BBB+ |
| LL Responsible: |
None |
|

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|
NN
Dollar General - Recession-Proof Tenant
Multiple locations to choose from!
15 Year NNN & NN Corporate Locations Available.
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. Dollar
General also reported an 8.6% jump in same-store
sales |
| Price: |
$500K
- $2M |
| Cap Rate: |
8.25%
- 9.75% |
| Building Size: |
7,000±
SF |
| Lease Term: |
15±
Years |
| Symbol: |
DG |
| Guarantor: |
Corporate |
| 2008 Sales: |
$10.5B |
|
|
|
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: |
6.5%± |
| Lease Term
: |
20±
Years |
| Rent Increases: |
10% every
5 |
| Symbol: |
BKC |
| Guarantor: |
BK Corporate |
| S&P
Rating: |
BB- |
| LL Responsible: |
None |
|

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|
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: |
$750K
- $2M |
| Cap Rate: |
7.5 - 9% |
| Lease Term: |
15± Years |
| Rent Bumps: |
10% Every 5 |
| Symbol: |
AAP |
| S&P Rating: |
BBB- |
| LL Responsible: |
Slab/Foundation/
Structure |
|

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|
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: |
$1.85M
- $2.6M |
| Cap Rate: |
6.5% -
7.5% |
| Lease Term: |
20±
Years |
| Rent Bumps: |
10%
Every 5 |
| Guarantor: |
Corporate |
| Symbol: |
DIN |
| LL Responsible:: |
None |
|

File Photo |
|
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) |
|

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|
NNN
Home Depot
Multiple Locations Nationwide
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: |
6.75%
- 7.5% |
| Lease Term: |
20 ±
Years |
| Guarantor: |
Corporate |
| Symbol: |
HD |
| S&P
Rating: |
BBB+ |
| LL Responsible: |
None |
|

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|
NNN
Dollar Tree - Recession Proof Tenant
Seabrook (Manchester), NH
Rare Absolute NNN 10 Year Corporate Guaranteed
Dollar Tree. Zero Landlord Responsibilities.
New Construction. The site is located in a regional
shopping district located in tax-free NH, and
in close proximity to both the ME and MA borders.
Traffic counts are 24,200+ VPD. Avg HH Income
is $77,150 within 5 mile radius. There 3,800+
Dollar Tree discount stores in 48. 2008 net
worth is $4.24 billion. |
| Price: |
$2,420,000 |
| NOI: |
$193,052 |
| CAP Rate: |
8.0% |
| Lease Term: |
10 Years |
| Lot Size: |
1.94±
Acres |
| NASDAQ: |
DLTR |
| Guarantor: |
Dollar
Tree Corp |
| LL Responsible: |
None |
|
|
|
NN
FedEx Kinko's
Nationwide
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: |
$1M-$2.5M |
| Building Size: |
1,750
± SF |
| Cap Rate: |
7.0%-7.5% |
| Occupancy: |
100% |
| Symbol: |
FDX |
| Guarantor: |
Corporate |
| Primary
Type: |
Free Standing
|
|

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|
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: |
6.75%
- 7.5% |
| Lease Term: |
20 ±
Years |
| Rent Bumps: |
Annual |
| Symbol: |
WEN |
| S&P
Rating: |
BB- |
| LL Responsible: |
None |
|

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|
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: |
6.50%
- 7.25% |
| Lease Term: |
10 ±
Years |
| Rent Bumps: |
10% Every
5 |
| Guarantor: |
Corporate |
| Symbol: |
SBUX |
| S&P
Rating: |
BBB+ |
| LL Responsible: |
Roof&Structure |
|
|
|
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 |
|
|
|
NN
Starbucks/T-Mobile Center
Chicago, IL
Motivated Seller! 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! |
|
|
|
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: |
$1.5M
- $5M |
| Cap Rate: |
7.75%
- 9% |
| Lease Term: |
20 Years |
| Year Built: |
Prior
to 2002 |
| Symbol: |
WAG |
| Guarantor: |
Corporate |
| S&P
Rating: |
A+ |
| 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 |
|

File Photo
|
|
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, 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: |
7% - 8.5% |
| Lease Term: |
20 ±
Years |
| Rent Bumps: |
Annual |
| Symbol: |
WEN |
| S&P
Rating: |
BB- |
| LL Responsible: |
None |
|
|
|
|
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 $104,000+.
|
| Status: |
IN
ESCROW |
| Price: |
$7,685,000 |
| NOI: |
$565,000 |
| Cap Rate: |
7.35% |
| Building
Size: |
14,110± SF |
| Year
Built: |
2010 |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
Walgreens
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.
|
| Status: |
IN
ESCROW |
| Price: |
$5,128,571 |
| NOI: |
$359,000 |
| Cap Rate: |
7.00% |
| Building
Size: |
14,820± SF |
| Year
Built: |
2010 |
| 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.
|
| Status: |
IN
ESCROW |
| Price: |
$1,476,121 |
| NOI: |
$121,780 |
| Cap Rate: |
8.25% |
| Building
Size: |
9,014 ± SF |
| Year
Built: |
2010 |
| Primary
Type: |
Free
Standing |
|
|
|
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-.
|
| Status: |
IN
ESCROW |
| Price: |
$1,120,000 |
| NOI: |
$76,800 |
| Cap Rate: |
6.4% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
PNC Bank Ground Lease "Off Market"
South Florida
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. High traffic – High
profile South Florida location. No landlord
management obligations.
|
| Status: |
IN
ESCROW |
| Price: |
$3,120,000 |
| NOI: |
$195,000 |
| 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.
|
| Status: |
IN
ESCROW |
| Price: |
$3,537,414 |
| NOI: |
$260,000 |
| Cap Rate: |
7.35% |
| Building
Size: |
11,479± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate "Off Market"
Fairfield, CT
|
| Status: |
IN
ESCROW |
| 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
|
| Status: |
IN
ESCROW |
| Price: |
$850,000 |
| NOI: |
$49,560 |
| Cap Rate: |
5.8% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
|
|
|
| |
NNN
7-Eleven Corporate
"Off
Market"
Elmwood Park, NJ
|
| Status: |
IN
ESCROW |
| Price: |
$1,150,000 |
| NOI: |
$94,537 |
| Building
Size: |
3,000± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Annandale, VA (DC Metro)
|
| Status: |
IN
ESCROW |
| Price: |
$1,200,000 |
| NOI: |
$58,858 |
| Cap Rate: |
5% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Lorton, VA
|
| Status: |
IN
ESCROW |
| Price: |
$820,000 |
| NOI: |
$49,300 |
| Cap Rate: |
6% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Spotsylvania, VA
|
| Status: |
IN
ESCROW |
| Price: |
$700,000 |
| NOI: |
$44,800 |
| Cap Rate: |
6.4% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
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.
|
| Status: |
IN
ESCROW |
| Price: |
$1,137,163 |
| Cap Rate: |
8.25% |
| Year
Built: |
2009 |
| 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. |
| Price: |
UNDER
LOI |
| Lease Term: |
20 Years |
| Guarantor: |
Corporate |
| S&P
Rating: |
BBB |
| LL Responsible:: |
None |
|
|
|
NNN
AutoZone *Rare Absolute NNN Fee Simple
Pasadena, TX
New AutoZone with a rare 15 year absolute NNN
fee simple (building & ground). Auto Zone
is the nation's leading retailer of automotive
parts and accessories, with over 3,600 stores.
S&P Rated BBB qualifying as Investment Grade.
|
| Price: |
UNDER
LOI |
| Lease Term: |
15 Years |
| Guarantor: |
Corporate |
| S&P
Rating: |
BBB |
| LL Responsible:: |
None |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Sarasota, FL
|
| Status: |
UNDER
LOI |
| Price: |
$700,000 |
| NOI: |
$45,203 |
| Cap Rate: |
6.45% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off
Market"
Santa Cruz, CA
|
| Status: |
UNDER
LOI |
| Price: |
$1,025,000 |
| NOI: |
$57,010 |
| Cap Rate: |
5.56% |
| Building
Size: |
2140± SF |
| 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: |
5.5% |
| 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
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
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
Pier 1 /Verizon Center
Pompano Beach, FL
A+ Location!! The 14,318 sf Pompano Pier 1 Shoppes
are 100% leased by Pier 1 Imports and Verizon
Wireless with long leases and good ups (both
corporate stores). Located on an outparcel of
the re-developed Pompano Citi Centre and Lowe's
on US. |
SOLD |
| Price: |
$6,929,616 |
| Building
Size: |
14,318
SF |
| Cap
Rate: |
6.25% |
| NOI: |
$433,101 |
| Primary
Type: |
Shopping
Center |
|
|
|
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. |