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available
TRIPLE NET Properties |
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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
- $2M |
| Cap Rate: |
4.25%
- 5.0% |
| 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
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: |
6.0% -
6.5% |
| Lease Term: |
25 Years |
| Year Built: |
2002 -
2011 |
| Symbol: |
WAG |
| Guarantor: |
Corporate |
| S&P
Rating: |
A |
| LL Responsible: |
None |
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NNN
AutoZone Corporate
Multiple Locations Availalbe
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
- $2.2M |
| Cap Rate: |
6.00%
- 6.75% |
| Lease Term: |
20±
Years |
| Symbol: |
AZO |
| Guarantor: |
Corporate |
| S&P
Rating: |
BBB |
| LL Responsible: |
None |
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NNN
WAWA gROUND lEASE
Florida - Multipel 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 |
| Years on
Lease: |
20±
Years |
| Guarantor: |
Corporate |
| LL Responsible: |
None |
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NNN
JP Morgan Chase Bank
Multiple "Off Market" Locations Availalbe
Corporate 20 year Absolute NNN ground lease.
Zero Landlord obligations! Multiple locations
available nationwide. 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 $2.02 trillion
and total stockholder equity of over $54 billion.
|
| Price: |
$1.5M
- $3.5M |
| Cap Rate: |
5.0% -
5.50% |
| Lease Term: |
20 ±
Years |
| Rent Bumps: |
10% Every
5 |
| Symbol: |
JPM |
| S&P
Rating: |
AA- |
| LL Responsible: |
None |
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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: |
6.0%-7.0% |
| Rent Bump: |
10% Every
5 |
| Year
Built: |
2012 |
| Building
Size: |
4,000±
SF |
| Primary
Type: |
Free
Standing |
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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: |
6.5% -
7.15% |
| Lease Term: |
25 Years |
| Symbol: |
CVS |
| Guarantor: |
Corporate |
| S&P
Rating: |
BBB+ |
| LL Responsible: |
None |
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| 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: |
$1.5M
- $4.5M |
| Cap Rate: |
5.0% -
5.5% |
| Lease Term: |
20±
Years |
| Symbol: |
PNC |
| Guarantor: |
Corporate |
| S&P
Rating: |
A / Stable |
| LL Responsible: |
None |
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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-.
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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 |
| Symbol: |
ORLY |
| Guarantor: |
Corporate |
| S&P
Rated: |
BBB |
| LL Responsible: |
Roof/Structure |
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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 |
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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: |
6.0%-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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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.
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| Price: |
$1M
- $2M |
| Cap Rate: |
6.0% -
7.5% |
| Lease Term: |
20 ±
Years |
| Rent Bumps: |
10% Every
5 |
| Symbol: |
WEN |
| S&P
Rating: |
BB- |
| LL Responsible: |
None |
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| 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.
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| Price: |
$7M
- $20M |
| Cap Rate: |
6.0% -
6.75% |
| Lease Term: |
20±
Years |
| Guarantor: |
Corporate |
| LL Responsible: |
None |
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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: |
6.0% -
8.0% |
| Lease Term: |
20±
Years |
| Rent Bumps: |
10% Every
5 |
| Guarantor: |
Corporate |
| Symbol: |
YUM |
| S&P
Rating: |
BBB- |
| LL Responsible: |
None |
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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 |
| Symbol: |
WFC |
| S&P
Rating: |
AA/Stable |
| LL Responsible: |
None |
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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: |
6.25%
- 7% |
| Lease Term
: |
20±
Years |
| Rent Increases: |
10% every
5 |
| Symbol: |
JACK |
| Guarantor: |
Corporate |
| LL Responsible: |
None |
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NNN Walgreens
- High Barriers to Entry
Staten Island, NY
Brand New Absolute NNN 25 year leased Walgreens
(NYSE: WAG | S&P Rating A) in Staten Island,
NY. A+ location, within a 3-mile radius there
are 200,000 people supporting income levels
exceeding $80,000 - Situated at a hard signalized
corner. Walgreens is the #1 pharmacy in America
by any measure and operates 6,443+ stores in
49 states. Zero
Landlord Obligations!
|
| Price: |
Un-Priced |
| NOI: |
$700,000 |
| Building
Size: |
12,900±
SF |
| Symbol: |
WAG |
| S&P
Rating: |
A |
| LL Responsible: |
None |
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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: |
7.5% -
8.5% |
| Building Size: |
7,000±
SF |
| Lease Term: |
15±
Years |
| Symbol: |
DG |
| Guarantor: |
Corporate |
| 2008 Sales: |
$10.5B |
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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 |
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| 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 |
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NNN
Chick-fil-A
Multiple locations nationwide to choose from!
Brand new absolute NNN 15Year Corporate Locations
available. Zero Landlord Obligations! CFA has
steadily grown to become the second largest
quick-service 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 and the company is very profitable. |
| Price: |
$1.2M
- $2M |
| Cap Rate: |
5.0% -
6.0% |
| Lease Term: |
15±
Years |
| Rent Bumps: |
10% Every
5 |
| Guarantor: |
Corporate |
| 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% - 8.5% |
| 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
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%-6.0% |
| Lease Term: |
25 Years |
| Rent Bumps: |
10% Every
5 |
| Guarantor: |
Corporate |
| Symbol: |
TD |
| S&P
Rating: |
AA- |
| LL Responsible: |
None |
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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 |
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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: |
6.75%
- 8.0% |
| 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
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 |
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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 |
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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: |
6.5% -
7.5% |
| 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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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 |
|
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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 |
|

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NNN
Properties UNDER
AGREEMENT |
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NNN
AutoZone Ground Lease
Las Vegas, NV
Brand New 15 year Absolute NNN AutoZone Ground
Lease located in Las Vegas, NV. Brand New 2013
construction with 10% rent increases every 5-years.
Excellent location. Zero LL Responsibilities.
AutoZone 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: |
CONTRACT |
| Asking
Price: |
$1,090,000 |
| CAP Rate: |
5.50% |
| Years on
Lease: |
15±
Years |
| Rent Increases: |
10% Every
5 |
| Lot Size: |
1±
AC |
| Credit Rating: |
BBB |
| LL Responsible: |
None |
|

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NNN
REGIONS Bank Ground Lease
Tampa, FL - Rare Low Priced Bank
Absolute NNN Regions Bank Ground Lease in Tampa,
FL. A+ Hard Signalized Corner, High Traffic
Location across from Wal-Mart. Strong Demographics
- more than 215,000 people with an Avg HH Income
exceeding $70,000 within 5-miles. |
| Status: |
IN
ESCROW |
| Asking
Price: |
$1,540,000 |
| Lot Size: |
1.232±
AC |
| Credit Rating: |
BBB-/Stable |
| Years on
Lease: |
11±
Years |
| Rent Increases: |
12% Every
5 |
| LL Responsible: |
None |
|

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NNN
Walgreens
Mount Pleasant, SC
Absolute NNN Walgreens in Mount Pleasant (Charleston),
SC with 18 years remaining, situated on a hard
signalized corner across from Mount Pleasant
Towne Center with tenants include: Lowe's, Belk,
Regal Cinemas, Banana Republic, Gap & much
more. Avg HH Income within a 5-mile radius
is over $100,000 & Traffic counts are 37,500
VPD.
|
| Status: |
IN
ESCROW |
| Asking
Price: |
$5,109,534 |
| Cap Rate: |
7.30% |
| Lease Term: |
18±
Years |
| Symbol: |
WAG |
| S&P
Rating: |
A |
| LL Responsible: |
None |
|
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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 |
|

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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.
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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. |
|

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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!
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| 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+
|
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| 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+
|
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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 |
|
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|

File Photo |
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| 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.
|
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| 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.
|
|
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|
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.
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File Photo |
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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.
|
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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.
|
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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.
|
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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.
|
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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. |
|
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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 |
| 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 |
|
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|
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.
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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. |
|
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|
NNN
Carl's Jr.
Houston (Lufkin), TX
Absolute NNN Carl's Jr. in Texas with a brand
new 20 year Lease with 10% bumps every 5-years.
Excellent location, next to a Walgreens, McDonald's
& much more.
Carl's Jr. & Hardee's Food Systems, Inc.
are wholly owned subsidiaries of CKE Restaurants,
Inc.
|
| Status: |
SOLD |
| Close
of Escrow: |
9/19/11 |
| Price: |
$1,400,000 |
| Cap Rate: |
7.89% |
| Lease Term: |
20 Years |
| Symbol: |
Private/CKE |
| LL Responsible: |
None |
|
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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 average. Florida is a No Income
Tax State.
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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.
|
| Status: |
SOLD |
| Close
of Escrow: |
8/26/11 |
| Price: |
$2,444,000 |
| CAP Rate: |
7.20% |
| Rent Bump: |
10% Every
5 |
| Year
Built: |
2011 |
| Building
Size: |
4,000±
SF |
| Primary
Type: |
Free
Standing |
|
|
|
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 |
| Price: |
$1,831,000 |
| CAP Rate: |
8.0% |
| Lease Term: |
15 Years |
| Guarantor: |
Corporate |
| S&P
Rating: |
BB+ /
Stable |
| Primary
Type: |
Free
Standing |
|
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|
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.
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|
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-. |
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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. |
|
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|
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. |
|
|
|
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-. |
|
|
|
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
Highly Desirable 24 Hour Location, located directly
across the street from a 415,000 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. |
SOLD |
| Close
of Escrow: |
1/27/11 |
| Asking
Price: |
$7,300,000 |
| Cap Rate: |
7.465% |
| Lease Term: |
25 Years |
| Year Built: |
2008 |
| Guarantor: |
Corporate |
|
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| |
NNN
Taco Bell Corporate
Pembroke Pines (Ft. Lauderdale), FL
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 |
| 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 |
| Asking
Price: |
$1,200,000 |
| NOI: |
$76,800 |
| Cap Rate: |
6.4% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
7-Eleven Corporate
"Off Market"
Chesire, CT
Corporate absolute NNN 7-Eleven Lease with rent
increases. 3.2 years remaining on the primary
term with 2 x 5 yr options to renew. 7-Eleven
is an investment grade tenant, S&P Rated
AA-. |
SOLD |
| Asking
Price: |
$545,000 |
| NOI: |
$48,404 |
| Cap Rate: |
8.88% |
| Building
Size: |
2,800± SF |
| Primary
Type: |
Free
Standing |
|
|
|
NNN
AutoZone
*Rare Absolute NNN Fee Simple w/Bumps
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 |
| Asking
Price: |
$1,832,000 |
| CAP Rate: |
6.50%
CAP |
| 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 10-year NN lease. Recession
proof tenant.
|
SOLD |
| Close
of Escrow: |
10/29/10 |
| Asking
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 Beach 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 |
| Asking
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 Connecticut 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 |
| Asking
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 |
| Asking
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 |
| Asking
Price: |
$963,000 |
| Lease Term: |
15 Years |
| Guarantor: |
Corporate |
| S&P
Rating: |
BBB |
| LL Responsible:: |
None |
|
|
|
NNN
Logan's Roadhouse Corporate
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 |
| Asking
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 |
| Asking
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 |
| Asking
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"
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 |
| Asking
Price: |
$700,000 |
| Cap Rate: |
6.4% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Gas
Station |
|
|
|
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 |
| Asking
Price: |
$1,200,000 |
| Cap Rate: |
5% |
| 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 |
| Asking
Price: |
$820,000 |
| Cap Rate: |
6% |
| Building
Size: |
2,400± SF |
| Primary
Type: |
Free
Standing |
|
|
|
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 |
| Asking
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 |
| Asking
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 |
| Asking
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 |
| Asking
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 |
| Asking
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 |
| Asking
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 |
| Asking
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 |
| Asking
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 |
| Asking
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 |
| Asking
Price: |
$785,715 |
| Cap Rate: |
7.00% |
| NOI: |
$55,000 |
| Building
Size: |
1,803 ± SF |
| 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:
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. |