Wednesday, December 17, 2014

New CVS with Rental Increases in Primary Term


Investment Highlights

Price: $5,549,500 - CAP Rate: 5.25%

  • 20 Year Net Lease Guaranteed by CVS
    • 10 Years Remaining
    • S&P Rated "BBB+"
    • Rare Fixed Rental Increases in Primary Term
  • Columbus is the 2nd Largest City in Georgia by Population
  • Columbus-Phenix City MSA has an Estimated Population of 202,824
  • Directly Across from Columbus Technical College
  • Highly Trafficked Intersection - Over 33,000 AADT



Tuesday, December 16, 2014

AVAILABLE: FedEx Ground - Tupelo, MS | 10 Year Lease | New Build to Suit Construction | Highly Passive NN Lease | Strong Logistics Location


Investment Highlights


100% Leased and Guaranteed by FedEx Ground Package System Inc., (FedEx Ground)

Nine (9) Years Remaining Term on a new Ten (10) Year lease

Build-to-suit, state of the art package sorting facility for FedEx Ground

Highly Passive NN Lease – Landlord responsible for roof and structure only.

Strategically Located just off U.S. Highway 78 (23,088 VPD) with immediate access to downtown Tupelo and the surrounding suburbs

As of May 31, 2014, FedEx Corporation had revenues of $45.57 billion, net income of $2.09 billion and a net worth of $15.28 billion.The company currently has an investment grade S&P rating of BBB.


NNN Investment - 100% Occupied Strip Center - Grocery Shadow Anchor


Investment Highlights

Price: $5,381,000

  • Shadow anchored by Albertsons (NAP, but occupied since 1994), the Shops at Desert Springs is 100% leased to nine (9) retail, restaurant and service-oriented tenants
  • Five (5) tenants have occupied 79% of the GLA for eight (8) years or more 
  • Located at a hard corner, signalized intersection, shadow anchored by the trade area’s dominant grocery store, the Shops at Desert Springs benefit from high visibility, ease of access, and exceptional traffic (±68,000 vehicles per day) during all times of the day 
  • Current lease rates at the project average just $18.26 PSF per year providing the opportunity to capture future rental increases and maintain high occupancy compared to competing projects
  • Christie’s Appliance (±8,444 SF) has been at the property more than 11 years and Casey’s Hallmark (±4,776 SF) for nearly 15 years 
  • Directly across from the Foothills Mall, a ±511,000 SF regional mall featuring over 90 retailers including: Ross, Saks Fifth Avenue OFF 5th, Old Navy Outlet, Nike Outlet, Party City, buybuy Baby, Barnes & Nobel, AMC Theaters, American Eagle, Aeropostale, GameStop, Applebee's, Melting Pot and others


AVAILABLE | Walgreens - Absolute NNN Lease (Fee) | Rare Los Angeles Site | Pomona, CA


Investment Highlights

Price: $10,250,000 - NOI: $492,000


>  Strong Absolute NNN Lease by Walgreens Co. (NYSE: WAG) -
    Market Cap $60B

>  Rare Los Angeles Location - High Barriers to Entry -
    Over 408,223 People within 5 Miles

>  Attractive Assumable Debt at 4.3% Rate, 30 Yr. Amortization,
    Due 04/2023, High LTV

>  Long-Term 75 Yr. Lease (Fee Simple) - 14 Yrs. Left on
    Initial Term - Depreciable Asset

>  Prominent Visibility & Signage - Dense Residential  Location -
    Proven Sales History

>  Strategically Surrounded by 60/10/71 Freeways -
    Signalized Hard Corner - Over 55,100 CPD

>  Investment Grade Tenant; S&P Rated A-2/Moody’s Baa2-
    Zero Management Duties

>  Pride of Ownership - America’s #1 Retail Drugstore Chain -
    “Coupon Clipper”


Just Listed - New 15 Year Chick-fil-A NNN Ground Lease - 2014 High Quality Construction - Tacoma, WA


Investment Highlights

Price: $3,000,000 - 4.00% CAP

  • New 15 Year Absolute NNN Ground Lease
  • 100% Fee Simple Interest
  • Zero Landlord Obligations
  • Scheduled 10% Increases in Rent
  • Major Retail Trade Area
  • New 2014 High Quality Improvements
  • Income Tax Free State



20 Year ALDI Ground Lease - Opened Sept. 2014 - Affluent Atlanta Suburb - $2.0M


Investment Highlights

  • ALDI is an industry leading grocery retailer with over 1,300 U.S. stores in 32 states

  • 20 year NNN corporate ground lease with a 10% rent bump in year 11

  • Major signalized intersection directly across from a 78,686 SF Publix shopping center

  • 3 mile average household income of $106,000 and 5 mile population over 87,000

  • Desirable and affluent north Atlanta suburban bedroom community near the shores of Lake Lanier 

  • A mile from Northside Hospital Forsyth campus - 2,300 physicians and 2,200 employees


PRICE REDUCED | Rite Aid - Single Tenant | Below Market Rent & Strong Store Sales | Ogden, UT


Investment Highlights

Price: $1,523,000 - Cap Rate: 6.50%


>  Strong Performing Store - Single Tenant NN Lease
    (Fee Simple) with 2 - 5 Year Options  7+ Years of Lease
    Term Remaining

>  11% and 13% Rental Escalations at First & Second Options

>  Newly Renovated Facade and Parking Lot Areas (2014) 
    Newly Improved Shopping Center (2014)

>  $99,000 Annual Rent - $4.71 PSF/Year - Below Market Rent

>  Signalized Intersection at 800 East and 24th Street -
    Unobstructed Street Visibility

>  Plentiful Parking - Newly Striped Parking Lot and Landscaping