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Shopping Malls For Sale

Scotts Village 7.25%+ CAP | SAFEWAY/CVS ANCHORED COMMUNITY CENTER | SF BAY AREA LOCATION

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Asking Price: $20,380,000 

Net Rentable (sq ft) 129,376 Price/Sq Ft $157.53 Cap Rate 7.27% Occupancy 94% NOI $1,482,407

Year Built 1984 Buildings 10 Stories 1 Permitted Zoning C-SC: Shopping Center

Lot Size (acres) 11.89 APN 021-221-03, 04, 05 and 021-021-29 Ownership Fee and Leasehold

Chico Crossroads NORCAL GROCERY ANCHORED CENTER 98% LEASED 8.25% CAP

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Asking Price: $28,860,000 

Property Type Retail Investment Type Stabilized Class A

Lease Type NNN Tenancy Multi

Square Footage 264,335 Parking (per 1,000 sq ft)3.5

Net Rentable (sq ft) 264,335 Price/Sq Ft $109.18

Cap Rate 8.25% Occupancy 98% NOI $2,380,704

Year Built 1994 Buildings 9 Ownership Fee Simple

Permitted Zoning CR - Regional Commercial

NorthPointe Shopping Center 6.25% CAP | 180,302 SF MODESTO, CA

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Asking Price: $48,700,000 

Property Type Retail Investment Type Stabilized

Class A Tenancy Multi Square Footage 180,302 Price/Sq Ft $270.10

Cap Rate 6.25% Occupancy 100% NOI $3,043,821

Year Built 2000 Buildings 10 Stories 1

Permitted Zoning P-D

Lot Size (acres) 18.69 Ownership Fee Simple

Triple Net NNN Investment Sales

Applebee's 6.85% CAP | 4,179 SF BELVIDERE, IL

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Asking Price: $1,459,985 

Property Type Retail Lease Type NNN

Tenancy Single Lease Term 15 years

Lease Commencement 08/20/2015

Expiration 08/31/2030 Remaining  12.5 years

Square Footage 4,179 Price/Sq Ft $349.36

Cap Rate 6.85% NOI $100,009

Lot Size(AC) 1.37 Rent Bumps 2% Annually

Lease Options Five (5), Two (2) Year

Burger King 5.85% CAP | 4,284 SF FARGO, ND

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Asking Price: $2,714,693 

Property Type Retail

Lease Type Absolute NNN Tenancy Single

Lease Term 20 years

Lease Expiration 10/31/2034

Remaining Term 17 years

Square Footage 4,284

Cap Rate 5.85% NOI $158,810

Burger King 6.50% CAP | 2,816 SF NORTHLAKE, IL

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Asking Price: $1,044,370

Property Type Retail Investment  Net Lease

Lease Type NNN Corporate Guarantee

Tenancy Single Lease Expiration 11/22/2022 

Remaining Term 4.7 years Sqft 2,816

Price/Sq Ft $370.87 Occupancy 100% 

Cap Rate 6.50% NOI $67,884

Year Built 2002 Rent Bumps Yes

NEW 20 YEAR ABSOLUTE NNN 1,600 SF | MELBOURNE, FL

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Asking Price: $1,700,000

Property Type Retail

Sub Type restaurant, qsr, fast food

Investment Type Sale/Leaseback

Investment  Net Lease  Type Absolute NNN

Lease Term 20 years Occupancy 100%

Square Footage 1,600 Price/Sq Ft $1,062.50

Cap Rate 5.00% NOI $85,000 Year Built 2018

Permitted Zoning commercial 

Raising Cane's 5.75% CAP | 3,567 SF HOUSTON, TX

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Asking Price: $5,021,739

Property Type Retail

Tenancy Single

Square Footage 3,567

Price/Sq Ft $1,407.83

Cap Rate 5.75% NOI $288,750

Year Built 2018

Lot Size (acres) 1.22

Rent Bumps Yes Lease Options Five, 5-Year 

Arby's 5.50% CAP | 2,616 SF NORTH HAVEN, CT

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Asking Price: $2,618,000

Property Type Retail

Lease Type Absolute NNN

Tenant Credit Corporate Guarantee

Tenancy Single Lease Term 20 years

04/01/2007- 03/31/2027 Remaining 9 years

Square Footage 2,616 Price/Sq Ft $1,000.76

Cap Rate 5.50% NOI $143,990

Year Built 1979/2007 Lot Size (acres) 0.96

Options 4, 5-Year Ownership Fee Simple 

Starbucks and Mattress Firm on Elston Avenue 5.75% CAP | 5,900 SF CHICAGO, IL

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Asking Price: $5,790,000

Property Type Retail Tenant Credit Credit Rated

Tenancy Multi Number of Tenants 2

Square Footage 5,900 Price/Sq Ft $981.36

Cap Rate 5.75% Occupancy 100%

NOI $332,810

Year Renovated 2016

Lot Size (acres) 0.61 Rent Bumps Yes 

Arby's 20-Year Triple-Net NNN SLB 5.75% CAP | 2,109 SF | TUCSON, AZ

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Asking Price: $1,557,101 

Property Type Retail

Investment Type Sale/Leaseback

Lease Type NNN

Lease Term 20 years Remaining 20 years

Square Footage 2,109 Price/Sq Ft $738.31

Cap Rate 5.75% NOI $89,533

Year Built 2018Lot Size (acres) 0.1

Rent Bumps 7.5% Every 5 Years

Lease Options Four, Five-Year Options

Taco Bell - Price Reduced! New Construction 6.50% CAP | 3,225 SF AUBURN, ME

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Asking Price: $1,834,615

Property Type Retail NNN Tenancy Single

Lease Term 20 years

Lease 09/27/2016 -09/30/2036

Remaining Term 18.6 years

Square Footage 3,225 Price/Sq Ft $568.87

Cap Rate 6.50% NOI $119,250

Year Built 1998 Year Renovated 2016

Lot Size (acres) 0.68 Ownership Fee Simple 

Burger King 9.00% CAP | 2,860 SF | FRANKLIN, PA

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Asking Price: $1,021,000

 

Property Type Retail

Lease Type NNN

Tenancy Single

Remaining Term 3 years

Square Footage 2,860

Price/Sq Ft $356.99

Cap Rate 9.00%

NOI $91,906 

Red Lobster 5.75% CAP | 7,800 SF DALLAS, TX

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Asking Price: $3,456,261 

Property Type Retail Investment  Net Lease

Lease Type NNN Lease Term 20 years

Lease Commencement 12/26/2014-12/31/2034

Remaining Term16.8 years

Square Footage 7,800 Price/Sq Ft $443.11

Cap Rate 5.75% NOI $198,735

Lot Size (acres) 2.17

Rent Bumps Two Percent Annually

Lease Options Four, Five-Year Options 

Wendy’s 5.75% CAP | 2,467 SF INTERLOCHEN, MI

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Asking Price: $2,086,956 

Property Type Retail

Investment Type Sale/Leaseback

Lease Type NNN Tenancy Single -Franchisee

Lease Term 20 years Ownership Fee Simple

Square Footage 2,467 Price/Sq Ft $845.95

Cap Rate 5.75% NOI $120,000

Year Renovated 2017 Lot Size (acres) 2.44

Rent Bumps 5% Every 5 Years

Lease Options Six, Five-Year Options

OfficeMax 6.75% CAP | 23,500 SF GRAND FORKS, ND

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Asking Price: $3,310,000 

Property Type Retail

Sub Type Free Standing

Lease Type Net

Tenancy Single

Lease Term 26.9 years

Lease Commencement 08/07/1998

Lease Expiration 06/30/2025

Remaining Term7.3 years

Square Footage23,500 Price/Sq Ft$140.85

Cap Rate 6.75% NOI $223,250

Lot Size (acres) 2.5

1495 State Highway 248 24,500 SF BRANSON, MO

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Asking Price: $2,600,000 

Property Type Retail

Lease Type NNN

Square Footage 24,500 Price/Sq Ft $106.12

 Zoning Commercial Parking (spaces) 76

Thank you for looking at the 24,500 square foot Retail located in Branson. Suite A: 8,427 SF for lease at $11.00/SF NNN Suite B: 15,000 SF for lease at $11.00/SF NNN Combined Suites A/B: 23,427 SF for lease at $11.00/SF NNN ALSO For Sale at $2,600,000. Pylon signage available. Building Frontage is 180" & Road Frontage is 230. 

Shopko 7.65% CAP | 97,961 SF KENOSHA, WI

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Asking Price: $8,462,523 

Property Type Retail

Lease Type Absolute NNN

Tenancy Single

Lease Expiration 12/31/2031

Remaining Term 13.8 years

Square Footage 97,961

Price/Sq Ft $86.39

Cap Rate 7.65% NOI $647,383

Year Built 1980 Lot Size (acres) 11

Rent Bumps Yes

Lease Options Two, 10 Year

Ownership Fee Simple

Walgreens 5.40% CAP | 14,550 SF CONOVER, NC

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Asking Price: $6,721,407

Property Type Retail

Lease Type Absolute NNN

Tenant Credit Credit Rated

Tenancy Single Lease Term 20 years

Lease Commencement 06/22/2015

Lease Expiration06/21/2035

Remaining Term 18 years

Square Footage 14,550 Price/Sq  Ft $461.95

Cap Rate 5.40% NOI $362,956

Year Built 2015 Lot Size (acres) 1.81

 Ten (10) x Five (5) Year Renewal Options 

Walgreens 7.35% CAP | 14,490 SF BETTENDORF, IA

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Asking Price: $4,897,959 

Property Type Retail

Lease Type NNN

Tenant Credit Credit Rated, Corporate Guarantee

Tenancy Single

Lease Expiration 12/31/2023

Remaining Term5.8 years

Square Footage14,490 Price/Sq Ft $338.02

Cap Rate 7.35% NOI $360,000

Lot Size (acres) 1.54

Rent Bumps No Lease Options Ten, 5 Year

Ownership Fee Simple

Walgreens 6.35% CAP | 15,120 SF CHICAGO, IL

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Asking Price: $5,039,370

Property Type Retail Class A

Lease Type NN Tenancy Single

Credit Rated, Corporate Guarantee

Lease Term 20 years

Lease Commencement 02/01/2008

Lease Expiration 01/31/2028

Remaining Term 9.9 years

Square Footage 15,120 Price/Sq Ft $333.29

Cap Rate 6.35% NOI $320,000

Year Built 2007 Lot Size (acres) 0.992

 Eleven, 5 Year Ownership Fee Simple 

Walgreens For Sale

Walgreens 7.00% CAP | DES PLAINES, IL

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Asking Price: $5,900,000 

Property Type Retail Lease Type NNN Tenant Credit Credit Rated TenancySingle Cap Rate 7.00% Ownership Fee Simple

  • Prime Chicago Location with Strong Incomes and Dense Population
  • Signalized Corner Location with Outstanding Visibility & Access
  • Strategic Positioning in Dense Corridor
  • Established Store with Sales Exceeding National Average
  • No Rite Aid Competition or Overlaps

Walgreens 6.00% CAP | BROOKFIELD, WI

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Asking Price: $6,877,300

Property Type Retail Tenant Credit Corporate Guarantee

Single Remaining 11.5 years Cap Rate 6.00% Ownership Fee Simple 

For sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the Walgreens property located at 15650 W Greenfield Avenue in Brookfield, Wisconsin (“The Property”). Walgreens has been at this location since 1999 and is operating under a 60-year corporately guaranteed lease which was extended in 2014, with Walgreens now having the option to terminate the lease in May 2029 (11.5 years of term remaining). This location has recently reported strong annual sales which far exceed their national average. 

Walgreens 6.00% CAP | SHEBOYGAN, WI

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Asking Price: $4,382,667

Property Type Retail

Cap Rate6.00% Ownership Free-Simple 

  • Recent Lease Extension - 12.5+ Years Remaining
  • Signalized Corner Location Of Grocery-Anchored Center
  • Limited Pharmacy Competition
  • No Rite Aid Competition Or Overlap
  • Established Store With Sales Exceeding National Average

Investment Grade Credit Guaranty From Best-In-Class Tenant

Walgreens 5.35% CAP | 14,490 SF | EXCELSIOR SPRINGS, MO

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Asking Price: $6,647,000

Property Type Retail Lease Type NNN Tenant Credit Credit Rated Tenancy Single

Square Footage 14,490 Price/Sq Ft $458.73 Cap Rate 5.35% NOI $355,605 Year Built 2008 Lot Size (acres) 2.24 

  • 25-Year NNN Lease
  • New Construction
  • National Tenant with Strong Financials
  • Largest Drug Retailing Chain in the U.S.
  • Rated "BBB" by S&P
  • Walgreens Boots Alliance is Ranked 17th in Fortune 500
  • Property Delivered Free and Clear of Permanent Financing
  • Located in High-Traffic, Dense Retail Corridor
  • 16,605 AADT Directly in Front of Property on West Jess James Road and 17,056 AADT on Kearney Road
  • Surrounded by Shopping Centers Featuring Major National and Regional Retailers

809 S. Timberland Drive 7.98% CAP | 48,000 SF LUFKIN, TX

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Asking Price: $2,950,000

Property Type Retail Lease Type NNN 

Tenant Credit Corporate Guarantee Tenancy Multi Number of Tenants 2

Square Footage 48,000 Price/Sq Ft $65

Cap Rate 7.98% Occupancy 100% NOI $235,457

Year Buil 1969 Year Renovated 2005 Permitted Zoning Commercial

Lot Size (acres) 4.34 Parking (spaces) 99 Ownership Fee-Simple

CVS Pharmacy - Waltham, MA EXCEPTIONAL REPORTED STORE SALES

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Asking Price: $8,100,000

Property Type Retail Investment Type Net Lease

Lease Type NN Tenancy Single Corporate Guarantee

Lease Expiration 01/31/2024

Remaining Term 5.9 years Square Footage 10,125

Cap Rate 5.00% Occupancy 100% NOI $405,000

Year Built 1999 Lot Size (acres) 1.2

Rent Bumps Fixed and Percentage Rent

Lease OptionsThree, Five Year Options 

PetSmart And Shops 7.00% CAP | 55,958 SF | MANTECA, CA

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Asking Price: $12,395,000

Property Type Retail Tenancy Multi Square Footage 55,958 Price/Sq Ft $221.51

Cap Rate 7.00% Occupancy 100% NOI $867,650 Built 2007 Permitted Zoning CG General Commercial Lot Size (acres) 5.47 Parking (spaces) 289 

  • High Credit And Income Stability
  • Excellent Retail Location
  • High Growth Demographics
  • Internet Resistant Tenancy
  • Strong Real Estate Fundamentals
  • Excellent 1031 Exchange Replacement Property

Shopko 8.25% CAP | 26,254 SF | DWIGHT, IL

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Asking Price: $2,308,060

Property Type Retail Lease Type NNN Tenancy Single

Tenant Credit Corporate Guarantee Lease Term 15 years

Lease Commencement 06/01/2009- 05/31/2024 Remaining Term 7 years

Square Footage 26,254 Price/Sq Ft $87.91

Cap Rate 8.25% NOI $190,415

Year Built 2009 Lot Size (acres) 2.53

Lease Options(3) - Five Year Options Ownership Public 

Dollar General 6.75% CAP | 9,100 SF | LAURENS, SC

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Asking Price: $1,331,200 

Property Type Retail Lease Type Absolute NNN

Lease Term 15 years Remaining Term 15.1 years

Lease Commencement 04/20/2018 Lease Expiration 04/19/2033

Square Footage 9,100 Price/Sq Ft $146.29

Cap Rate 6.75% Pro-Forma Cap Rate 7.43%

NOI $89,856 Pro-Forma NOI $98,842

Lot Size (acres) 1.26 Lease Options 5 Year Ownership Fee Simple

Santa Fe Springs Promenade 5.50% CAP | 111,925 SF | SANTA FE SPRINGS, CA

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Asking Price: $35,021,000 

Property Type Retail Tenancy Multi Square Footage 111,925 Price/Sq Ft $312.90

Cap Rate 5.50% Pro-Forma Cap Rate 7.12% Occupancy 85% NOI $1,926,168 Years Built 1953, 1957and 2 more

Permitted Zoning C4-PD: Commercial Lot Size (acres) 8.12 Parking (spaces) 374  Ownership Fee Simple 

Verizon 5.75% CAP | 5,593 SF | COLORADO SPRINGS, CO

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Asking Price: $1,654,000

Property Type Retail Lease Type NN

Lease Expiration 02/29/2024 Remaining Term 6 years

Square Footage 5,593 Price/Sq Ft $295.73

Cap Rate 5.75% NOI $95,081 Year Built 2017 Lot Size (acres) 0.68

Lease Options Two (2) Total: 1 x 3-Years; 1 x 5-Years 

TGI Friday's 7.00% CAP | 6,121 SF | ROCKFORD, IL

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Asking Price: $2,255,357 

Property Type Retail

Lease Type Absolute NNN Tenancy Single Lease Term 20 years

Lease 07/31/2013 Expiration 07/31/2033 Remaining Term 15.4 years

Square Footage 6,121 Price/Sq Ft $368.46

Cap Rate 7.00% NOI $157,875 Lot Size (acres) 1.68 Rent Bumps 1.5% Annually Lease Options Four, 5 Year

Walmart Shadow Anchored Retail Portfolio 7.54% CAP | 120,560 SF | EVANS MILLS, NY

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Asking Price: $18,891,000

Property Type Retail Tenancy Multi Square Footage 120,560 Price/Sq Ft $156.69

Cap Rate 7.54% Occupancy 99.06% NOI $1,511,325 Year Built 2006/2007 Lot Size (acres) 17.26 Ownership Fee Simple

Kmart 8.25% CAP | 102,200 SF | NIAGARA FALLS, NY

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Asking Price: $6,195,000 

Property Type Retail

Investment Type Net Lease Lease Type NNN

Tenant Credit Corporate Guarantee Tenancy Single Term 24.9 years

Lease 12/01/1998- 11/02/2023 Remaining Term 5.6 years

Square Footage 102,200 Price/Sq Ft $60.62

Cap Rate 8.25% Occupancy 100% NOI$511,000

Units 1 Buildings 1 Lot Size (acres) 10.8 Rent BumpsIn Option Periods

Lease Options3, 5 Year Options Ownership Fee Simple

Family Dollar | Rochester, NY RELOCATION STORE 6.00% CAP | 9,180 SF | ROCHESTER, NY

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Asking Price: $2,291,000 

Property Type Retail Lease Type NNN Tenancy Single

Lease Expiration03/31/2031 Remaining Term 13 years

Square Footage 9,180 Price/Sq Ft $249.56

Cap Rate 6.00% NOI $137,460 Units 1

  • NEW 15 YEAR NNN LEASE
  • Over 13 years remaining on this 15 year NNN lease with no landlord responsibilities or expenses

Quick Chek Plaza 6.65% CAP | 25,898 SF | SAYREVILLE, NJ

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Asking Price: $6,850,000

Property Type Retail

Tenancy Multi Number of Tenants 13 Square Footage 25,898 Cap Rate 6.65% Pro-Forma Cap Rate 7.50%

Occupancy 89% NOI$455,450 Pro-Forma NOI $514,038 Year Built1986 Year Renovated2017 Stories 1 Lot Size (acres) 3.75 Parking (spaces)150

APN19 00246-0000-00002- 11 Ownership Fee Simple 

Crunch Fitness Anchored 7.50 Cap 10.29 Cash/Cash

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Offering Price $12,114,000

Cap Rate 7.50% (In-Place) 

Total GLA ±62,542 SF 

Occupancy 97% 

Net Operating Income $908,572 

Manchester Plaza 8.50% CAP | 17,633 SF. MANCHESTER, PA

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Asking Price: $2,020,858

Property Type Retail Investment Type Value Add  NNN Tenancy Multi

Square Footage 17,633 Price/Sq Ft $114.61

Cap Rate 8.50% Occupancy 100% NOI $171,773  Built 1990 Year Renovated 2015 Buildings 2 Lot Size (acres) 2.36 Parking (spaces) 112 

FOR SALE

CVS Plaza (Value/Add Opportunity) - CVS will extend lease 15 Years! Manville (Somerset County), NJ

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Price: $3,550,000

Cap Rate Current:5.65%

Square Feet:13,827 SF CAP

with Drive/ThruRented:8.43%

Type: Retail Strip Center

Status: Available 

The Shoppes of Absecon 5.69% CAP 7,175 SF | ABSECON, NJ

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Asking Price: $ 4,800,000

Retail Tenant CreditCredit Rated

Tenancy Multi Lease Term 20 years

Square Footage 7,175 Price/Sq Ft $668.99

Cap Rate 5.69% Occupancy 100%

NOI $273,229 Year Built 2007 Stories 3

Permitted Zoning DC Lot Size 1.23 Parking 38 

Lease OptionsFour, Five-Year Renewal Options 

CVS/pharmacy 6.38% CAP | 9,000 SF | BUFFALO, NY

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Asking Price: $8,068,413

Property Type Retail Lease Absolute NNN

Tenant Credit Credit Rated

TenancySingle Lease Term 24.9 years

Lease 04/01/2007-01/31/2032 13.9 years

Square Footage 9,000 Price/Sq Ft $896.49

Cap Rate 6.38% Lot Size (acres) 1.46

Ownership Fee Simple 

Campground Plaza 8.60% CAP 11,640 SF | MCDONOUGH, GA

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Asking Price: $990,000

Property Type Retail

Sub Type Strip Center

Tenancy Multi

Square Footage 11,640 Price/Sq Ft $85.05

Cap Rate 8.60%

Occupancy 90%

NOI $85,143

Year Built 1999 Lot Size (acres) 2.2 

99 CENTS ONLY & SHOPS 7.00% CAP | 21,763 SF | Vallejo, CA

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Asking Price $5,430,000

Property Type Retail  

Lease Type NNN Tenant CreditCorporate GuaranteeTenancy Single Term10 years

Lease Expiration 01/31/2026 Remaining 7.9 Square Footage 21,763 Price/Sq Ft$249.51

Cap Rate7.00% Occupancy 100% NOI $380,102 Year Built 2005 Year Renovated 2015 Lot Size (acres) 2.94 Parking (spaces) 127 Lease Options Four, Five-Year Ownership Fee Simple

Popeye's Portfolio (2) 5.50% CAP 5,772 SF | DULUTH, GA

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Asking Price: $5,454,500

Property Type Retail

Lease Type NNN Tenancy Single

Tenant Credit Franchisee

Square Footage 5,772 Price/Sq Ft $944.99

Cap Rate 5.50% NOI $300,000

Year Built 1994/2014 Lot Size (acres) 1.77

Rent Bumps10% Every Five Years

Ownership Fee Simple 

Net Leased Properties For Sale In New York

Tim Horton's - Price Reduced 6.76% CAP | 1,776 SF | CORFU, NY

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Asking Price: $1,850,000 

Property Type Retail

Sub Type Free-standing

Investment Type Net Lease

Lease Type NNN Tenancy Single

Square Footage 1,776 Price/Sq Ft $1,041.67

Cap Rate 6.76% NOI $125,000 Year Built2017

Pizza Hut 5.75% CAP | 3,051 SF NEW HARTFORD, NY

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Asking Price: $933,000 

Property Type Retail Lease Type Absolute NNN

Tenancy Multi Lease Term 20 years

Square Footage 3,051 Price/Sq Ft $305.80

Cap Rate 5.75% NOI $53,628

Year Built 2007 Lot Size (sq ft) 20,473

Lease Options (4) 5-year Option

Ownership Fee Simple

CVS - Ithaca, New York 6.25% CAP 10,125 SF | ITHACA, NY

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Asking Price: $4,416,496

Property Type Retail Investment Net Lease

Lease Type NN TenancySingle

Tenant Credit Credit Rated

Square Footage 10,125 Price/Sq Ft $436.20

Cap Rate 6.25% NOI $276,031 Units 1 Built 2001 Buildings 1 Stories 1 Lot Size (acres)1.17

Rent Bumps Yes Lease Four 5-year Options 

Family Dollar 9.15% CAP | 8,000 SF SANBORN, NY

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Asking Price: $742,857 

 

Property Type Retail

Lease Type NN

Tenancy Single

Square Footage 8,000

Price/Sq Ft $92.86

Cap Rate 9.15%

NOI $68,000

Units 1

Starbucks Multi-Tenant

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Asking Price: $1,546,000 

Property Type Retail

Investment Type Net Lease

Tenancy Multi Number of Tenants 3

Lease Term 10 years

Lease Commencement 04/01/2016

Lease Expiration03/31/2026

Remaining Term 8.8 years Sqft.4,650

Cap Rate 7.00% Occupancy 100%

Year Built 2006 Lot Size (acres) 0.49

Options 4, 5-year options with rent bumps

Ownership Fee Simple

New Rochester Starbucks 5.50% CAP 2,443 SF | ROCHESTER, NY

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Asking Price: $2,454,545 

Property Type Retail  Class A

Investment Type Net Lease Lease Type NNN

Tenant Credit Corporate Guarantee

TenancySingle Remaining Term 10 years

Rent Commencement 07/28/2017

Square Footage2,443 Price/Sq Ft $1,004.73

Cap Rate 5.50% Occupancy 100%

NOI $135,000 Year Built 2017

Units 1  Buildings 1 Stories 1 Lot Size (acres) 1.09 Parking (spaces) 34 Rent Bumps,

Brand New Net Lease Dunkin' Donuts Long-Term Leases Florida

Dunkin' Donuts | Orlando Tourist Corridor | 20 year Absolute NNN Lease

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Asking Price:$2,300,000 

5.00% CAP | 1,460 SF | ORLANDO, FL 

Property Type Retail

Investment Type Net Lease

Lease Type Absolute NNN

TenancySingle Year Built2018

Square Footage 1,460 Price/Sq Ft $1,575.34

Cap Rate 5.00% NOI $115,000

Dunkin’ Donuts 20 year Absolute NNN NEW CONSTRUCTION TITUSVILLE, FL

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Asking Price: $1,620,000

Property Type Retail Lease Type NNN

Tenant Credit Franchisee Tenancy Single

Lease Expiration 01/01/2038

Remaining Term 20 years Cap Rate 5.25%

NOI $85,000 Lot Size (acres) 0.86

Rent Bumps8% Every 5 Years Lease OptionsFour (5 year) OwnershipFee Simple 

Dunkin’ Donuts | New 20 Year Lease WILDWOOD, FL

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Asking Price: $1,200,000 

Property Type Retail

Lease Type NNN Tenancy Single

Remaining Term 20 years

Square Footage2,000 Price/Sq Ft $600

Cap Rate 5.00% NOI $60,000

Year Built 2018 Lot Size (acres) 4

Rent Bumps8.00% Every Five Years

Lease OptionsFour (five year options)

OwnershipFee Simple

Dunkin Donuts 5.00% CAP | 1,600 SF | COCOA, FL

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Asking Price: $1,700,000 

Property Type Retail NOI $85,000

Lease Type Absolute NNN

Tenant Credit Franchisee

TenancySingle Lot Size (acres) 0.6

Lease Expiration 01/01/2038

Remaining Term 19.8 years

Square Footage 1,600 Price/Sq Ft $1,062.50

Cap Rate 5.00% Occupancy100%

Rent Bumps 8% Every Five Years

Lease Options Four (five year options)

Ownership Fee Simple

Dunkin' Donuts | Melbourne, FL | New 20 Year Lease

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Asking Price: $1,700,000 


Property Type Retail

Sub Type restaurant, qsr, fast food

Investment Type Sale/Leaseback

Investment Sub Type Net Lease

Lease Type Absolute NNN

Lease Term 20 years

Square Footage 1,600 Price/Sq Ft $1,062.50

Cap Rate 5.00% Occupancy100%

NOI $85,000 Year Built2018

Permitted Zoning commercial

Dunkin' Donuts & Culvers 5.90% CAP | 6,600 SF | PORT RICHEY, FL

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Asking Price: $5,711,864

Property Type Retail

Lease Type NNN

Tenant Credit Franchisee

Tenancy Multi Number of Tenants 2

Square Footage 6,600 Price/Sq Ft $865.43

Cap Rate 5.90%

NOI $337,000

Year Built 2015

Lot Size (acres) 3.63

Rent Bumps Yes

Ownership Fee Simple 

7-ELEVEN CENTREVILLE, MD

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$1,095,000

CAP: 5.61%

SF: 2,264

TYPE: Single-Tenant

STATUS: Available

OFFICEMAX ROSWELL, NM

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$3,000,000

CAP: 7.25%

SF: 23,500 TYPE: Single-Tenant

STATUS: Available

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Rite Aid | The Learning Experience New Construction | Downtown New Haven, CT | Near Yale New Haven

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Asking Price: $15,997,415 

Property Type Retail Tenancy Multi

Square Footage 24,735 Price/Sq Ft $646.75

Cap Rate 6.37% NOI $1,018,795 Units 2 Year Built 2016/2018 Buildings 2 Lot Size 2.36

Davita Dialysis 5.75% CAP | 10,211 SF WOODBRIDGE TOWNSHIP, NJ

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Asking Price: $4,060,000 

Property Type Retail Lease Type NN

Tenant Credit Corporate Guarantee

TenancySingle Lease Term 15 years

Lease Commencement 07/09/2013

Expiration 06/30/2028 Remaining  10.3 years

Square Footage 10,211 Price/Sq Ft $397.61

Cap Rate 5.75% NOI $233,425

Year Built 2013 Lot Size (acres)1.04

Options 2x5 Years Ownership Fee Simple

Wendy's 6.15% CAP | 2,670 SF TOLEDO, OH

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Asking Price: $1,900,000 

Property Type Retail

Investment Type Net Lease Lease Type NNN

Lease Expiration 03/31/2026

Remaining Term 8 years

Square Footage 2,670 Price/Sq Ft $711.61

Cap Rate 6.15% NOI $116,795

Year Built1994 Lot Size (acres) 1.51

Rent Bumps1.75% Annually

Lease OptionsTwo, Ten-Year Options

DUNKIN DONUTS, BASKIN ROBBINS, TOSS PIZZA 6.00% CAP | 4,955 SF | Pittsburgh, PA

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Asking Price: $2,652,800 

Property Type Retail Lease Type NNN

Tenanc yMulti

Number of Tenants 3

Square Footage 4,955 Price/Sq Ft $535.38

Cap Rate 6.00% Occupancy100%

NOI $159,168 Year Built 2016 Stories 1

Lot Size (acres) 0.67 Parking (spaces) 27

OwnershipFee Simple

Multi-Tenants Retail Net Investment for sale

Shops of Trussville 6.00% CAP 9,000 SF | BIRMINGHAM, AL

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Asking Price: $6,113,500 

Property Type Retail 

Tenancy Multi

Square Footage 9,000 

Price/Sq Ft $679.28

Cap Rate 6.00%

Occupancy 100%

NOI $366,800

Year Built2017

Lot Size (acres) 1.16

Chipotle/Verizon Multi-Tenant Retail Center 6.00% CAP | 9,933 SF SUWANEE, GA

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Asking Price: $6,182,483 

Property Type Retail Lease Type NNN

Tenancy Multi Lease Term10 years

Lease Commencement 04/18/2017

Lease Expiration 04/30/2027

Remaining Term 9.1 years

Square Footage 9,933 Price/Sq Ft $622.42

Cap Rate 6.00% Occupancy 100%

NOI $370,949 Year Built 2017

Lot Size (acres)1.7Rent BumpsYes

Chipotle & Starbucks 6.00% CAP 4,375 SF | OVERLAND PARK, KS

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Asking Price: $2,844,583 

Property Type Retail Investment Type Net Lease Lease Type NNN Term 10 years Corporate Guarantee Tenancy Multi Number of Tenants 2

Rent 07/01/2018 - 06/30/2028

Square Footage 4,375 Lot Size (acres) 0.84

Cap Rate 6.00% Occupancy 100% NOI $170,675 Year Built 2018 Buildings 1 Stories

Rent Bumps Starbucks 5% Every 5 Years | Chipotle 7% Increases During Option Periods Lease Starbucks Four, 5-Year Options | Chipotle Three, 5-Year Options

The Shops at Green Valley Ranch 6.02% CAP | 19,840 SF | DENVER, CO

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Asking Price: $9,700,000 

Property Type Retail 

Sub Type Strip Center Class A Tenancy Multi

Square Footage 19,840 Price/Sq Ft $488.91

Cap Rate 6.02%  Occupancy 92.4%

Units 11 Year Built 2017  Buildings 2 Stories 1

Edinger Plaza 5.60% CAP | 155,275 SF HUNTINGTON BEACH, CA

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Asking Price: $68,590,000 

Property Type Retail Tenancy Multi

Square Footage 155,275 Price/Sq Ft $441.73

Cap Rate 5.60% Pro-Forma Cap Rate 6.25%

Occupancy 96% NOI $3,841,039 Pro-Forma NOI $4,288,575 Year Built 1976 

Renovated 2012  Zoning Commercial 

Lot Size (acres) 13.46 Parking (spaces) 711

Santa Fe Trail Plaza 112,335 SF -EL MONTE, CA

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Asking Price: Unpriced

Property Type Retail

Lease Type NNN Tenancy Multi

Square Footage 112,335

Occupancy 100% NOI $2,559,849

Buildings 6 Permitted Zoning EMC2

Lot Size (acres) 9.2 Parking (spaces) 450

Chipotle 5.40% CAP | 5,178 SF DARIEN, CT

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Asking Price: $3,990,000 

Property Type Retail Investment Net Lease

Lease Type NN Lease Term 15 years

Lease 12/17/2010Expiration 12/31/2025

Remaining Term 7.8 years

Square Footage 5,178 Price/Sq Ft $770.57

Cap Rate 5.40% NOI $215,512

Year Built 2010 Lot Size (acres) 0.47

Rent 5% in 2021 and 9% in Each Option

Lease OptionsTwo, Five Year Options

Starbucks 5.20% CAP | 1,925 SF ROSELLE, IL

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Asking Price: $1,516,673 

Property Type Retail

Sub Type Free Standing 

Investment Type Net Lease

Lease Type NN Tenancy Single

Tenant Credit Credit Rated

 Expiration 07/31/2028 Remaining  10.3 years

Square Footage 1,925 Price/Sq Ft $984.88

Cap Rate 5.20% NOI $78,867 

Ownership Fee Simple

Aspen Dental & Starbucks 6.26% CAP | 5,909 SF | LEBANON, NH

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Asking Price: $4,432,080 

Property Type Retail

Tenant Credit Corporate Guarantee

Tenancy Multi

Number of Tenants 2

Square Footage 5,909 Price/Sq Ft $750.06

Cap Rate 6.26% NOI $277,459 Year Built 2017

Lot Size (acres) 0.93

Rent Bumps Yes Lease Options Three

Burger King Sale-Leaseback 6.00% CAP | 2,811 SF | BLAIRSVILLE, PA

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Asking Price: $1,782,957 

 Property Type Retail

Investment Type Sale/Leaseback

Lease Term 20 years Remaining 20 years

Square Footage 2,811 Price/Sq Ft $634.28

Cap Rate 6.00% NOI $106,977

Year Built 2018 Lot Size (acres) 1.06

Rent Bumps1% Annually Starting Year 11

Lease OptionsSix, Five-Year Options

Panera Bread 4.75% CAP | 4,500 SF RICHMOND, KY

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Asking Price: $2,772,460 

Property Type Retail-Fast Casual Restaurant

Investment Type Sale/Leaseback

 Absolute NNN-Corporate Guarantee

TenancySingle Lease Term 15 years

Square Footage 4,500 Price/Sq Ft $616.10

Cap Rate 4.75% Occupancy 100% NOI $131,692 Units 1 Year Built 2018 Stories 1 Lot Size (acres) 1 Rent Bumps 8% Every 5 Years

Lease Options Four (4), Five (5) Year

Ownership Fee Simple

KFC | 567 Unit Guarantee 5.50% CAP | 3,333 SF | CORTLAND, NY

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Asking Price: $2,720,000 

Property Type Retail Investment Net Lease

Lease Type NNN Lease Term 20.1 years

Lease Commencement 12/16/2009

Lease Expiration 01/01/2030

Remaining Term 11.8 years

Square Footage 3,333 Price/Sq Ft $816.08

Cap Rate 5.50% NOI $149,600

Year Built 2009 Lot Size (acres) 1.5

Rent Bumps10% Every 5 Years

Lease OptionsFour, Five-Year Options

Fast Food Absolute NNN Investment For Sale

Sonic Drive-In 6.00% CAP | 1,398 SF MONTGOMERY, AL

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Asking Price: $1,355,197 

Property Type Retail  Absolute NNN

Tenant Credit Franchisee TenancySingle

Lease Term 20 years

Square Footage 1,398 Price/Sq Ft $969.38

Cap Rate 6.00% NOI $81,312 Lot Size (acres)0.66 Rent Bumps2% Annually Beginning in Year Six

Lease Options Four, 5- Year Option Periods

Sonic Drive-In 6.00% CAP | 1,633 SF KNOXVILLE, TN

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Asking Price: $1,790,392 

Property Type Retail - Absolute NNN

Tenant Credit Franchisee Tenancy Single

Lease Term 20 years

Square Footage 1,633 Price/Sq Ft $1,096.38

Cap Rate 6.00% NOI $107,423 Lot Size (acres)0.94

Rent Bumps2% Annually Beginning Year Six

Lease OptionsFour, 5 - Year Option Periods

Sonic Drive-In 6.00% CAP | 1,434 SF COLUMBUS, GA

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Asking Price: $761,165 

Property Type Retail- Absolute NNN

Tenant Credit Franchisee Tenancy Single

Square Footage 1,434 Price/Sq Ft $530.80

Cap Rate 6.00% NOI $45,670

Lot Size (acres) 1.02

Rent Bumps2.0% Annually Beginning in Year Six

Lease OptionsFour,5 - Year Option Periods

Slim Chickens | Corporate Guarantee 5.85% CAP | 2,992 SF FORT SMITH, AR

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Asking Price: $2,790,071 

Property Type Retail Investment  Net Lease

Lease Type NNN Lease Term 20 years

Lease Commencement 05/06/2016

Lease years

Square Footage 2,992 Price/Sq Ft $932.51

Cap Rate 5.85% NOI $163,219

 Built 2016 Lot Size (acres) 1 Rent Bumps 1% Annually Lease OptionsFour, Five-Year Options

Checker's Sale Leaseback 5.25% CAP 1,871 SF | TALLAHASSEE, FL

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Asking Price: $1,619,048 

Property Type Retail

Investment Type Sale/Leaseback

Lease Type NNN Lease Term 20 years

Remaining Term20 years

Square Footage 1,871 Price/Sq Ft $865.34

Cap Rate 5.25% NOI $85,000

Lot Size (acres) 0.3

Rent Bumps 1.5% Annually

Lease Options Four, Five-Year Options

Long John Silver’s 6.25% CAP | 2,530 SF | CLINTON, OK

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Asking Price: $591,824 

Property Type Retail- Absolute NNN

Tenant Credit Franchisee

Tenancy Single Lease Term 15 years

Lease Commencement 07/22/2016

Expiration 07/31/2031 Remaining 13.3 years

Square Footage 2,530 Price/Sq Ft $233.92

Cap Rate 6.25% NOI $36,989

Year Built 1980 Lot Size (acres) 1.19

 Bumps 7.5% Rental Increases Every 5 Years

Ownership Fee Simple

Dunkin' Donuts 5.50% CAP | 1,500 SF | BALTIMORE, MD

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Asking Price: $909,091

Property Type Retail Lease Type NNN

Tenancy Single

Rent Commencement 12/24/2017

Lease Expiration 12/31/2027 

Remaining Term 9.7 years

Square Footage 1,500 Price/Sq Ft $606.06

Cap Rate 5.50% Occupancy 100% NOI $50,000

Units 1 Year Renovated 2017

Lot Size (sq ft)1,360 Rent Bumps 10% year 5

Lease Options2, 5-Year Options

OwnershipFee Simple 

Burger King 5.65% CAP | 4,530 SF PITTSBURG, KS

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Asking Price: $2,300,885

 Property Type Retail Sub Type Restaurant

Investment Type Sale/Leaseback

Investment Sub Type Absolute NNN

Tenant Credit Franchisee Tenancy Single

Lease Term 20 years

Square Footage 4,530 Price/Sq Ft $507.92

Cap Rate 5.65%Occupancy100% NOI $130,000

Units 1 Year Built 2018 Buildings 1

Stories 1 Lot Size (sq ft) 43,560

Lease Options Four 5 Year Options

Ownership Fee Simple

Arby's 6.50% CAP | 2,880 SF PUEBLO, CO

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Asking Price: $1,950,300 

 Property Type Retail  Absolute NNN

Tenant Credit Franchisee Tenancy Single

Lease Term20 years

Lease Commencement 01/04/2006

Lease Expiration 01/31/2026

Remaining Term 7.8 years

Square Footage 2,880 Price/Sq Ft $677.19

Cap Rate 6.50% NOI $126,768

Year Built 1977 Lot Size (acres) 0.53

Rent BumpsAnnual 1% Increases

Lease Options Four 5-Year Options

Wienerschnitzel 5.75% CAP | 1,977 SF | ODESSA, TX

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Asking Price: $2,295,650 

Property Type Retail  Net Lease

Lease Type Absolute NNN -Franchisee

TenancySingle Lease Term 20 years

Remaining Term 20 years

Square Footage 1,977 Price/Sq Ft $1,161.18

Cap Rate 5.75% NOI $132,000

Year Built 2008 Buildings 1 Stories 1

Lot Size (acres) 0.57 

Rent Bumps 10% Every Five Years

Lease OptionsFive, Five-Year Options

Wendy’s 5.00% CAP | 2,741 SF INDIAN HARBOUR BEACH, FL

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 Asking Price: $2,380,000  

Property Type Retail

Lease Type Absolute NNN

Tenancy Single

Lease Term 20 years

Square Footage 2,741 Price/Sq Ft $868.30

Cap Rate 5.00%

Year Built 1977

Buildings 1 Lot Size (acres) 0.43

Rent Bumps 7.5% Rent Bumps Every 5 Years

Ownership Fee Simple

DQ Grill & Chill (Franchisee) 5.50% CAP | 3,267 SF | GARDNER, KS

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Asking Price: $2,300,000 

Property Type Retail Absolute NNN

Tenant Credit Franchisee

Lease Term 20 years

Lease Commencement 11/01/2017

Lease Expiration 10/31/2037

Remaining Term 19.6 years

Square Footage 3,267 Price/Sq Ft $704.01

Cap Rate 5.50% NOI $126,500

Year Built 2017 Lot Size (acres) 0.982

Lease Options4 x 5 Year Options

3 Different Types of Commercial Real Estate Leases

There are three basic types of commercial real estate leases. These leases are organized around two rent calculation methods: "net" and "gross." The gross lease typically means a tenant pays one lump sum for rent, from which the landlord pays his expenses. The net lease has a smaller base rent, with other expenses paid for by the tenant. The modified gross lease is a happy marriage between the two. While terms vary widely building by building, this basic overview will help businesses shop for the best deal possible.

Gross Lease or Full Service Lease

In a gross lease, the rent is all-inclusive. The landlord pays all or most expenses associated with the property, including taxes, insurance, and maintenance out of the rents received from tenants. Utilities and janitorial services are included within one easy, tenant-friendly rent payment.

When negotiating a gross lease, the tenant should ask which janitorial services are provided, and how often they are offered. Excess utility consumption beyond building standards is sometimes charged back to tenant; so if the tenant is a big consumer of electricity, this point should be clarified in the lease as well. The tenant pays his own property insurance and taxes.

A benefit of this type of lease is that it is supremely easy for the tenant, which can forecast expenses without worrying about an unexpected lobby maintenance charge, for example. The landlord assumes all responsibility for the building, while tenants concentrate on growing their businesses.

Net Lease

In a net lease, the landlord charges a lower base rent for the commercial space, plus some or all of "usual costs," which are expenses associated with operations, maintenance, and use that the landlord pays. These can include real estate taxes; property insurance; and common area maintenance items (CAMS), which include janitorial services, property management fees, sewer, water, trash collection, landscaping, parking lots, fire sprinklers, and any commonly shared area or service. There are several types of net leases:

Single Net Lease (N Lease)

In this lease, the tenant pays base rent plus a pro-rata share of the building's property tax (meaning a portion of the total bill based on the proportion of total building space leased by the tenant); the landlord covers all other building expenses. The tenant also pays utilities and janitorial services.

Double Net Lease (NN Lease)

The tenant is responsible for base rent plus a pro-rata share of property taxes and property insurance. The landlord covers expenses for structural repairs and common area maintenance. The tenant once again is responsible for their own janitorial and utility expenses.

Triple Net Lease (NNN Lease)

This is the most popular type of net lease for commercial freestanding buildings and retail space. It is known as the net net net lease, or NNN lease, where the tenant pays all or part of the three "nets"--property taxes, insurance, and CAMS--on top of a base monthly rent. Common area utilities and operating expenses are usually lumped in as well; for example, the cost for staffing a lobby attendant would be part of the NNN fees. Of course, tenants also pay the costs of their own occupancy, including janitorial services, utilities, and their own insurance and taxes.

Landlords typically estimate expenses and charge tenants a portion of these expenses based on their proportionate, or pro-rata share. A tenant who leases 1,000 square feet of a 10,000 square foot building would be expected to pay 10% of the building's taxes, insurance, and CAMS, for example.

Triple net leases tend to be more landlord-friendly, and tenants should carefully review NNN fees and negotiate caps on the amounts they can be raised annually. An NNN lease can also fluctuate from month to month and year to year as operating expenses increase or decrease, making the company's expense forecasting tricky and sometimes frustrating.

There are tenant benefits in the NNN leases, however. Transparency is an excellent perk, since tenants can see business operating expenses in relation to what they are charged. Cost savings in operating expenses are passed on to the tenant rather to the landlord. In addition, the monthly rent in a NNN lease is potentially lower than in a gross lease, as tenants have a higher level of responsibility for the building.

Absolute Triple Net Lease

This is a less common option that is more rigid and binding than the NNN lease, where tenants carry every imaginable real estate risk, for example, being responsible for construction expenses to rebuild after a catastrophe, or for continuing to pay rent even after the building has been condemned. Aptly called the "hell-or-high-water lease," tenants have ultimate responsibility for the building no matter what.

Modified Gross Lease

As the gross lease is more tenant-friendly, and the net lease tends to be more landlord-friendly, there exists a compromise lease for the convenience of both parties. The modified gross lease (sometimes called the modified net lease) is similar to a gross lease in that the rent is requested in one lump sum, which can include any or all of the "nets"--property taxes, insurance, and CAMS. Utilities and janitorial services are typically excluded from the rent, and covered by the tenant. Tenants and landlords negotiate which "nets" are included in the base rental rate.

The modified gross lease is more popular with tenants, because its flexibility translates into an easier agreement between tenant and landlord. Unlike the NNN lease, if insurance, taxes or CAM charges increase, the lease rate would not change. Of course, if those expenses decrease, the cost savings is passed on to the landlord. As janitorial service and electricity are not covered, tenants can better control how much they spend compared to a gross lease.

Summary of NNN Lease, Modified gross, or Full Service Commercial Leases

When evaluating options for office space lease, it is important to compare the different lease options with an eye toward all expenses, and not just the base rental rates. NNN base rental rates tend to be much lower, with additional expenses added for the real monthly rate.

Market forces will tend to even out rental rates for comparable properties, regardless of type of lease. Tenants should expect to pay roughly the same amount with an NNN, modified gross, or full service lease for similar quality office spaces in the same area.

The most important rule of commercial leases is for tenants to read their leases carefully, and clarify exactly what expenses they have responsibility for. Circumstances under which additional charges will occur should be identified and caps negotiated.