Thursday, December 18, 2014

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%




• PROPERTY HIGHLIGHTS

– 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






• LOCATION HIGHLIGHTS

– 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