Monday, December 29, 2014

Just Listed - Corporate AT&T Telecommunications Center - Frederick, MD

at&t - Fredrick, MD

Investment Highlights

Price: $990,000 - CAP: 4.85%

  • Recently Renewed 10 Year Net Ground Lease
  • Zero Landlord Obligations
  • Leased Signed and Guaranteed by AT&T
  • S&P Rated A-Investment Grade Credit 
  • NYSE: T
  • Site is Essential for AT&T Telecommunications 

Additional Tags:
Net Leased Properties, wireless, 1031 Exchange, phone, off market nnn, cellular, Single tenant net leased real estate investments

New AT&T Wireless Property in Texas

Investment Highlights

Price: $935,000 - CAP Rate: 6.00%

  • New 7-Year Net Lease
    • Two 5-Year Options to Renew Lease
  • Across the Street from Brand New Walmart
  • Brand New Construction
  • Freestanding Building
  • La Grange is County Seat of Fayette County
  • Excellent Exposure along Highway 71

Additional Tags:
Triple Net Property, AT&T, Investments, cell phone, 1031 Exchange, wireless, Single Tenant net leased, Verizon, off market

Corporate Guaranteed Krispy Kreme | Brand New 20-Yr Lease | Jacksonville, FL

Investment Highlights

Price: $1,612,000 - Cap Rate: 4.90%

  • Brand new 20-year ground lease, with 4 (10-year) options to extend
  • Corporate guaranty from public company NYSE:KKD
  • 10% increases every 5 years through base term & options
  • Drive-thru concept
  • Ground lease/intrinsic value/below market rent
  • Located on University Boulevard West, off the on / off ramp of Interstate 95 - major thoroughfare serving Jacksonville (111,500 VPD)

Additional Tags:
NNN donuts, Single Tenant Property, Dunkin' Donuts, off market triple net, drive-in, real estate

For Sale: McDonald's with Unique "Create Your Taste" Concept | Affluent Chicago MSA Location | New NNN 20 Year Ground Lease

Investment Highlights

Price: $2,133,000 - CAP Rate: 3.75%

  • Term: 20 Years
  • Lease Type: Absolute NNN Ground Lease
  • Landlord Responsibility: None
  • Building Size: Estimated 4,388 sf
  • Lot Size: 39,100 sf - 0.90 Acres
  • Year Built: New Construction - 2014
  • Company: McDonald's Corp - NYSE: MCD - S&P: A Stable

Additional Tags:
Triple Net Properties, McDonald's, Single Tenant, Fast Food, Net Leased, Hamburger, off market nnn, Burger King, STNL real estate investment

Investment Offering - 6,889 SF Advance Auto Parts | Burleson, Texas

Investment Highlights

  • Triple Net Lease - High Quality New Construction
  • Advanced Auto Parts, Inc. - NYSE (AAP) second largest auto aftermarket parts provider in North America
  • Investment Grade Credit: Standard & Poor = BBB - Stable; Moody's = Baa3 Stable
  •  Standard 6,889 SF  prototype 
  • 15 year term at $17.50 PSF
  • Four (4) Renewal options of 5 years with 10% rent bumps
  • Estimated Rent Commencement - April 9,2015
  • 74,000 people within 5 mile radius
  • Estimated Average Household Income: $89,000 in a mile radius 

Additional Tags: 
NNN Properties, auto, 1031 Exchange, parts, off market real estate investment properties, car, STNL property

Monday, December 22, 2014

Single tenant industrial building- Louisville, Ky

Investment Highlights

  • Long-term international single tenant net lease investment
  • Tenant annual sales over $1.5 billion
  • Located in desirable centrally-located Watterson Park area
  • Warehouse, office, and showroom space
  • Numerous recent capital improvements including parking lot, lighting, dock equipment, and HVAC
  • Drive-in and dock loading doors

Additional Tags:
STNL investments, industry, 1031 Exchange, Target, Triple Net Property, market, Tax deferred exchange properties, warehouse, real estate 

Fresenius Dialysis Center | International Credit Tenant | 8 Years Remaining | Low Price Point

Investment Highlights

Price: $884,000 - Cap Rate: 7.00%

 Long Term Corporately Guaranteed Lease with 8 Years Remaining

■  Double Net Lease - Minimal Landlord Responsibilities

■  2007 Construction | Substantial Tenant Improvement Dollars Invested

■  Low Price Point Investment backed by a Strong International Credit Tenant

■  Strategically Located in Between Several Major Medical Centers

■  Fresenius is the Largest Provider of Dialysis Treatments and Dialysis Equipment in the World

Additional Tags:
NNN Property, dialysis, Single Tenant Property, medical center, off market triple net properties, medicine, STNL property

NEW LISTING: Two Wendy's in Odessa, TX and Las Cruces, NM | Available Individually

Wendy's Highlights

Strong national brand - The Wendy's Company (2013 Revenue: $2.487 Billion)
Absolute triple net (NNN) leases / fee simple ownership
Drive - thru buildings
Strong demographics in the trade areas

Odessa: $2,358,000 / 5.50% Cap Rate
  • Rare rental increases w/ over 12-years remaining in primary term
  • Located near signalized, hard corner intersection of E. University Boulevard and John Ben Shepperd Parkway (39,400 vehicles per day)
  • Adjacent to University of Texas of the Permian Basin

Las Cruces: $1,742,000 / 5.75% Cap Rate
  • Extremely rare annual rent increases w/ over 18-years remaining in primary term
  • Located near signalized, hard corner intersection of El Paseo Road and E. Idaho Avenue (combined count of 32,300 vehicles per day)
  • Within close proximity to New Mexico State University- major employer

Additional Tags:
NNN, Wendy's, Single Tenant Properties, Fast Food, Net Leased, hamburger, off market real estate investment properties, McDonald's, STNL real estate investment

Tractor Supply Company :: Long-term Net Lease :: Brunswick, GA

Investment Highlights

Price: $4,164,000

Tenant: Tractor Supply Company (NASDAQ: TSCO) is the largest retail farm and ranch store chain in the United States. With more than 1,300 retail stores in 48 states, the company had a net worth in excess of $1.23B and produced impressive TTM Revenues of more than $5.54B
Long-Term Net Lease: 8.5 years remaining lease term with four 5-year options to renew
Attractive Rent Escalation: 10% rent increases every 5 years throughout the initial term and renewal option – Next bump occurs in June 2018
Strong Average Returns: Average return over initial term is equal to more than 7.40% 
Excellent Visibility: Ideally positioned with excellent frontage on both Old Jesup Highway and New Jesup Highway/Golden Isles Parkway (Traffic Count: 18,512 VPD), just 1.5 miles north of Interstate 95 which provides direct access to both Savannah, GA (70 miles) and Jacksonville, FL (65 miles). New Jesup Highway/Golden Isles Parkway serves as the area’s preeminent north-south thoroughfare which is also widely used to get to the beach and many Golden Isles resorts
Dominant Retail & Commercial Corridor: Approximately 3.2 MSF of retail, 1,830 multifamily units and a population of 37,995 within a 5-mile radius
Market: Brunswick, Georgia (MSA Population: 113,807) is a vibrant coastal city located directly on the Atlantic Intracoastal Waterway and supports a progressive economy largely based on tourism and logistics with a metropolitan GDP of $3.9 billion. The Brunswick MSA, which also consists of St. Simons Island, Sea Island, Jekyll Island, Brantley County and McIntosh County, is the twelfth largest MSA in Georgia

Additional Tags:
Triple Net Properties, tractor, Single Tenant Property, supply, 1031 Exchange, farm store, Single tenant net leased real estate investments, ranch store, off market triple net

New Offering :: Two Net Lease Fresenius Medical Care Assets :: Baton Rouge

Investment Highlights

7707 Howell: Price: $1,920,000 - CAP: 7.75%
1919 North Foster: Price: $1,080,000 - CAP: 7.50%

PARENT COMPANY: Fresenius Medical Care North America (FMCNA) is the leading provider of dialysis services and products to more than 166,000 patients suffering from Chronic Kidney Disease in North America. FMCNA is a division of Fresenius Medical Care AG & Co. KGaA (NYSE: FMS) which is the world’s largest integrated provider of dialysis services and products. Headquartered in Germany, the parent company has a net worth of $9.11B and reported $13.6B in sales in 2013

GUARANTOR: Guaranteed by Fresenius Medical Care Holdings, Inc. which is the primary holding company for Fresenius’ North American operations

MARKET: Baton Rouge is the state’s capital and also serves as major industrial, medical, research and technology center. With a current MSA population of 820,159, Baton Rouge is the second largest city in the state

LONG-TERM NET LEASE: 8 years or primary lease term remaining with three 5-year renewal options

LONG-TERM NET LEASE: 8 years or primary lease term remaining with three 5-year renewal options

INITIAL TERM RENT ESCALATIONS: ±0.75% rent increase in November 2018 with annual 0.75% rent increases beginning in January 2020

INITIAL TERM RENT ESCALATIONS: ±0.75% rent increase in April 2016 with annual 0.75% rent increases beginning in January 2018

EARLY LEASE EXTENSION: Fresenius agreed to extend the lease by an additional 4+ years in October 2012 signaling their long-term commitment to this location

EARLY LEASE EXTENSION: Fresenius agreed to extend the lease by an additional 6.75 years in October 2012 signaling their long-term commitment to this location

BUILD-TO-SUIT: The property was originally constructed as a build-to-suit for Fresenius Medical Care in 2008 

BUILD-TO-SUIT: The property was originally constructed as a build-to-suit for Fresenius Medical Care in 2006 

LOCATION: Property is ideally positioned on hard corner of Howell Blvd and 72nd Ave just 0.3 miles from I-110 (Traffic Count: 56,890 VPD), immediately adjacent to YMCA and just south of Champion Medical Center, a new 25,000-SF specialized surgical hospital that opened in January 2014

LOCATION: The property is ideally positioned on the hard corner of North Foster Drive and Jackson Avenue just 2.0 miles from Interstate 110 (Traffic Count: 56,890 VPD)

Approximately 1.7 MSF of retail and 1.3 MSF of industrial space within a 3-mile radius

Approximately 7.8 MSF of retail, 6.2 MSF of office and 6.0 MSF of industrial space within a 3-mile radius

Additional Tags:
NNN, Fresenius, Net Leased, Health, tax deferred exchange properties, medical care, off market STNL, dialysis, single tenant net leased investments

Available: Corporate Pollo Tropical Ground Lease | Dallas MSA | New 20 Yr Absolute NNN Lease

Price: $3,500,000 - Cap: 5.00%

Additional Tags:

Single Tenant Property, Pollo Tropical, Triple Net Properties, Fast Food, off market triple net, McDonald's, real estate, Chick-fil-A, single tenant net leased investments

FOR SALE: 25 YR CVS Metro Hartford, CT

Investment Highlights

Price: $5,700,000 - Cap Rate: 5.00%

  • 25-Year NNN Lease with five, 5-year options
  • Signalized intersection across from national supermarket
  • 100,000 people with AHHI over $64,000 located within 3 miles
  • CVS has an S&P Credit Rating of BBB+

Additional Tags:
NNN properties, CVS, off market nnn, Rite Aid, 1031 Exchange Properties, Drugstores, Single tenant net leased real estate investments

Just Listed: Burger King (Ground Lease)

Investment Highlights

Price: $580,000

  • Burger King has operated at this Location Since 1990
  • Highly Visible store on main thoroughfare
  • OutPad to a 52,500 sf Goody's Anchored Center
  • Adjacent to Walmart Supercenter
  • 1/2 mile from Marion County Airport
  • Less than 1/4 mile from North Mississippi Medical Center (NMMC)
  • Experienced 23-Unit Operator Throughout four States

NNN Investment Opportunity

Investment Highlights

Price: $840,000

This property is currently owned by multi-unit Burger King Operator Southern Wisconsin Foods. Southern Wisconsin Foods will leaseback the premises with the initial term expiring on June 30th, 2021. The lease will be structured as an Absolute Net with the tenant paying all operating expenses, repairs, and maintenance. 

  • 3,475 sq. ft. building 
  • 1.65 acre lot
  • 2013 sales: $885,477
  • $66,893 pre year proposed base rent
  • 7.96% Cap Rate (Absolute Net)

Friday, December 19, 2014

AVAILABLE! 9.13% Cap, Absolute NNN Bank in New Orleans, LA

Investment Highlights

Price: $2,962,000 - CAP Rate: 9.13%
  • Absolute Net Lease - No Landlord Responsibilities
  • Corporate Guarantee from the Largest Retail Credit Union in the World with over $54B in Assets
  • Three Percent Annual Rent Increases
  • Four Years Remaining on Term with Two, Five-Year Options for Renewal
  • Located on the Hard Corner of Highway 23 and South Concord Road - 0.5 Miles from the Naval Air Station Joint Reserve Base New Orleans
  • NAS JRB is 20 Minutes South of Downtown New Orleans

California Single Tenant Grocery Store | Corporate Guarantee | 7.5% Increases Every 5 Years

Investment Highlights

Price: $5,000,000 - CAP Rate: 5.75%

  • New 20 Year Lease
  • Rare absolute NNN Lease
  • Corporate Guarantee From Smart & Final LLC
  • Rent Escalations of 7.5% Every 5 Years
  • Bakersfield MSA - Home to 839,361 Residents
  • 44% Population Growth from 2000 to 2014
  • Direct Street Frontage Along High Street and Inyo Street
  • Renovated in 2014 and Serving the Community for Over 35 Years
  • Located One-Half Mile From California Route 99, a Highly-Trafficked North-South State Highway Connecting Bakersfield to Sacramento 

STNL State of the Art Industrial Manufacturing Facility | NNN Lease Annual Increases | Close Proximity to Major Florida Metro Area

Investment Highlights

Price: Under $11 Million

  • Fully Occupied Single-Tenant Industrial Building
  • Leading International Manufacturing Corporation
  • U.S. Sales Between $75-$100 Million
  • Net Worth Between $25-$35 Million
  • Recent Expansion of 34,000 Square Feet Office/Warehouse Space
  • Constructing 100,000 SF Warehouse Next Door Showing Commitment to Location
  • Long Term NNN Lease with Annual Increases
  • Total of Approximately 90,000 Square Feet with Over 16,000 Square Feet of Class A Office Space

Thursday, December 18, 2014

New Listing - Corporate Casa Ole' Mexican Restaurant in Silsbee (Beaumont/Port Arthur/Orange MSA), Texas

Investment Highlights
  • Corporate Lease with Experienced Management.
  • Absolute triple net lease with 9 years, plus 2 Ten year options to renew.
  • 1.5% Annual Rent Increases every January 1st.
  • Corporate Regional Restaurant chain.
  • Strong oil, chemical and lumber oriented economy.
  • McDonald's, Whataburger, KFC/Taco Bell, Pizza Hut, Walgreens, CVS and Jack in the Box nearby.

Taco Bell, Watsonville, CA 20 yr lease, 10% bumps

Investment Highlights

Price: $3,778,000 - Cap Rate: 4.75%

  • Excellent sales history
  • New 20 yr. NNN lease on existing location (open since 1988)
  • Next to a Walgreens & Kmart anchored shopping center

$8.4M Freestanding Walgreens w/ 19 Yrs & Retail Ctr | Colorado

Investment Highlights

Price: $8,440,343 - Cap Rate: 6.00%

  • Investment opportunity to purchase a freestanding Walgreens with 19 years remaining and a 8-tenant retail center with a strong leasing history
  • Traffic counts exceeding 54,000 vehicles per day on North Academy Boulevard
  • Dense retail area with national tenants nearby including Target, Safeway, Big Lots, McDonald's, Starbucks, Chipotle and more.

New Tractor Supply in Southern CA

Investment Highlights

Price: $5,000,000

  • Long-Term Net Lease
  • National Tenant with a Net Worth over $1.2 Billion
    • Operates Over 1,300 Stores in 48 States
    • 2013 Revenue over $5.2 Billion
  • Brand New 2014 Construction 
  • Directly Off Highway 58 with Excellent Visibility
    • 30,000 AADT

JUST LISTED: Rite Aid Pharmacy | Roseville, CA | Strong Demographics & Growing Area | 10% Increases

Investment Highlights

Low Rent per Square Foot - Rite Aid’s rental rate—at less than $12.00 per square foot—represents one of the lowest rental rates among recently sold and on the market Rite Aid properties. California Rite Aid properties (both on the market and recently sold) had rental rates ranging from $13.45 to $25.19. 
Quality Real Estate with Great Tenant Mix - The prime location within the Brickyard shopping center reduces the likelihood of an extended vacancy period if Rite Aid decides not to exercise its renewal option. The well-known tenant mix adds to shopping center traffic and will attract potential new tenants.
Low Price per Square Foot - A sale at a 5.75% cap rate represents a price per square foot of $203, which can be easily justified when compared to other Rite Aid properties on the market. 
Strong Demographics & Growing Neighborhood- The high average household income ($81,000 +) in the 3 mile radius of the Property, combined with a population in the 3 mile radius approaching 100,000, create excellent demographics. In addition, 30,000 to 40,000 new homes are planned in the area, which could add 120,000 new residents to the city.

Wednesday, December 17, 2014

Flagship Single Tenant Net Leased Golf Galaxy - Castleton Square Mall Outparcel (Indianapolis)

Investment Highlights

Price: $6,827,00 - CAP: 6.65%

  • Long term (10+ year) NNN lease to a best-in-class publicly traded company
  • Brand new flagship retail concept store
  • Free & clear of any existing debt - excellent new debt available
  • Relocation of an existing proven store from an inferior location
  • Low rent per square foot ($12.95/SF per year)
  • Latest prototype featuring 35k SF fungible junior anchor box
  • Pride of ownership single tenant lifestyle property
  • End Cap (corner) building within the Castleton Square Pavilion
  • 4.11 acre parcel with abundant parking
  • Golf Galaxy, LLC is wholly owned by Dick's Sporting Goods, Inc. (NYSE: DKS)

Just Listed | US Bank Ground Lease | Rare 2.5% Annual Rent Increases | Cincinnati MSA

Investment Highlights:

Price: $1,072,800 - CAP: 6.75%


– Extremely rare 2.5% annual rent increases

– Corporate guaranty; $75B market cap

– S&P AA- investment grade credit

– Long term tenant - over 20 years

– Considerable upside with no options to renew


– Pad to newly renovated Ft. Wright Plaza (Christ Hospital Anchor w/ long term lease) 

– Just off I-75/I-71 with 144,000 VPD

– $75,000+ average household income within 1-mile radius

Verizon | New 10 Yr. Lease | 800+ Unit Licensee | 2015 Construction | Out Parcel to Home Depot

Investment Highlights

Price: $1,347,600 - Cap Rate: 6.50%

♦ Brand New 10-Year Corporate Lease with Increases
♦ 2015 Construction
♦ Surrounded by National Tenants in Prime Retail Corridor
♦ Out Parcel to Home Depot
♦ Tenant Operates Over 800 Locations Across 28 States