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Triple Net Investment

Walmart For Sale

Asking Price: $39,675,000

Property Sub Type: Department Store

Building Class: A Sale Type: Investment

Cap Rate: 4.50% Lot Size:54.94 AC

Gloss Leasable Area: 159,311 SF Year Built: 2015 Parking Ratio: 2.5/1,000 SF

Rare Single -Tenant NNN Walmart Super Center: Long-Term, Stable Income Stream with Increases

- 18 Years Remaining on New 20-year NNN Lease

-10% Scheduled Rent Increase in year 2025 -Twelve 5-Year Opt

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ST. PETERSBURG, FLORIDA PRICE: $5,900,000

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Price Per Foot: $50.92 SF Building Size: ± 115,857 SF Parcel Size: 14.25 Acres Building Dimensions: ± 390’ Wide x 295’ Deep Building/Site Configuration: In-Line Zoning: CCS-1, Commercial Corridor Suburban Year Built: 1990 Est. 2016 Population: 3-mile Radius....90,532 5-mile Radius..234,419 Est. 2016 Income: 3-mile Radius..$62,552 5-mile Radius..$62,197 Additional Information: • Strong submarket anchored by Tyrone Square Mall • High population density • Pylon signage and access to Tyrone Boulevard,  Park Street North and 38th Avenue North  • Strong traffic counts 


 FALL RIVER, MASSACHUSETTS 

 ASKING PRICE: $5,800,000 

Price per Foot: $42.62 Building Size: ± 136,085 SF Parcel Size: ± 13.4 Acres Building Dimensions: ± 415’ Wide x 330’ Deep Building/Site Confi guration: Freestanding Zoning: B-L, Local Business District Year Built: 2013 Est. 2016 Population: 3-mile Radius .... 89,411  5-mile Radius ...123,870 

 Additional Information: • Signalized access  • Adjacent to Walmart  • Recent construction  • Contains fi ve dock doors  • Ceiling height estimated 21’ - 22’ 

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LAS VEGAS, NEVADA PRICE: $8,950,000

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Price Per Foot: $50.92 SF Building Size: ± 115,857 SF Parcel Size: 14.25 Acres Building Dimensions: ± 390’ Wide x 295’ Deep Building/Site Configuration: In-Line Zoning: CCS-1, Commercial Corridor Suburban Year Built: 1990 Est. 2016 Population: 3-mile Radius....90,532 5-mile Radius..234,419 Est. 2016 Income: 3-mile Radius..$62,552 5-mile Radius..$62,197 Additional Information: • Strong submarket anchored by Tyrone Square Mall • High population density • Pylon signage and access to Tyrone Boulevard,  Park Street North and 38th Avenue North  • Strong traffic counts  Price Per Foot: $43.38/SF Building Size: ± 206,302 SF Parcel Size: ±19.05 acres Building Dimensions: ±535’ wide x 386’ deep Year Built/Remodeled: 2000 Building/Site Confi guration: Freestanding Est. 2015 Population: 1-mile Radius .......13,825  3-mile Radius .......75,184  5-mile Radius .....254,383 Est. 2015 Income: 1-mile Radius .....$42,042  3-mile Radius .....$50,343  5-mile Radius .....$53,530 Additional Information: • Located in close proximity to the Nellis Air Force Base, the Cheyenne Campus of the Community College of Southern Nevada, and the Las Vegas Speedway.  • Good Ingress and Egress  • C2 zoning allows for a variety of uses. Industrial zoning  is also possible for warehouse uses 

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Walmart 6.15% CAP | 195,715 SF | TELL CITY, IN

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Asking Price: $5,995,000 

Property Type Retail Class A Lease Type Absolute NNN

Tenant Credit Corporate Guarantee Tenancy Multi Lease Term 31.8 years

Lease 04/03/1992-01/31/2024 Remaining Term 5.9 years

Square Footage 195,715 Price/Sq Ft $30.63Cap Rate 6.15% NOI $368,692

Year Built 1992 Year Renovated 2004

Lot Size (acres) 11.12 Parking (spaces) 892 Lease Options7 x 5 Years

&

Walmart Neighborhood Market for Sale

4.15% CAP | 41,839 SF | Hickory, NC

MORE INFO.  Contact Us

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Walmart Super 6.50% CAP | 151,971 SF | ONEIDA, TN

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Asking Price: $11,234,000 

Property Type Retail Lease Type NNN

Tenant Credit Corporate Guarantee Tenancy Single

Lease29 years 10/13/1999- 01/31/2029 Remaining Term 10.8 years

Square Footage 151,971 Price/Sq Ft $73.92

Cap Rate 6.50%NOI $730,234 Year Built 1999

Lot Size (acres) 12.259Parking (spaces) 531

Lease OptionsTwelve 5-Year Options

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CVS is Our Affiliated Business Partner

Investment Highlights

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Investment Grade Credit Tenant: CVS Health (S&P: BBB+) - Corporate Guaranty

  • Long Term Bondable Absolute NNN Lease - Nearly 20 Years Remaining on Term
  • Zero Cash Flow Loan Structure - Rare Paydown Re-Advance Feature
  • On Hard Corner Signalized Intersection - Across from Future Martz Bus Trailways Park & Ride - Draw for Hundreds of Daily Commuters
  • Across from Future Mount Effort Plaza - Planned 15-Acre, 11

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CVS Pharmacy Portfolio of 3 Locations in NC & SC

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Price: $8,849,950
Cap Rate: 7.25%

We're pleased to offer for sale to qualified investors, a portfolio of three CVS Pharmacy properties. The properties are 100% leased by CVS Health (the "Tenant") and feature corporately guaranteed leases. Two of the properties are located in the Charlotte, NC Metropolitan area, while the third property is located in downtown Sumter, SC.

  • World Class Guaranty 
  • Booming Charlotte Area Location
  • High Yield
  • Low Price Point 
  • Passive Net Lease
  • Diversification   Shop @ CVS.com

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Athens, AL Price: $3,238,095 Cap Rate: 5.25%

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Athens, AL is the county seat of Limestone County and is included in the Huntsville-Decatur CSA. The city is located on the northern border of Alabama and is situated at the foothills of the Appalachian Mountains. From 2010 to 2015 the Athens population grew approximately 14% to an estimated population of 24,966 inhabitants

  • World Class Guaranty
  • Early Lease Extension
  • Passive Net Lease
  • Long Term Remaining
  • Growth Area
  • Limited Competition
  • Low Price Point
  • Excellent Site Attributes Shop @ CVS.com

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BestBuy is Our Affiliated Business Partner

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 Price:  $5M - $10M

Lease Term: 15 – 20 Years 

Increases: 10% Every 5 years Lease Extensions: 20 – 40 Years 
Lease Type: Absolute NNN  Lease  Guarantee: Corporate

CAP Rate Ranges: 6.5% – 7.50%Name Best BuyFormerly called Sound of Music (1966)
Best Buy Co. Superstores (1983)Type PublicTraded as

IndustryRetailFounded1966inWest Saint Paul, MinnesotaFounderRichard M. SchulzeHeadquartersRichfield, Minnesota,United StatesNumber of locations 1,050 (2015)Areas served WorldwideKey people Hubert Joly(Chairman and CEO)
Sharon McCollam(CFO)ProductsConsumer electronicsRevenue$40.339 billion (2015)Operating income $1.450 billion (2015)Total assets$15.256 billion (2015)Total equity$15.256 billion (2015)Number of employees 125,000 (2015)DivisionsBest Buy Canada
Best Buy EuropeSubsidiariesGeek Squad
Magnolia
Pacific SalesSloganExpert Service. Unbeatable Price.Websitewww.bestbuy.com 

About Best Buy:

Best Buy Co., Inc. (NYSE: BBY) is a specialty retailer of consumer electronics in the United States, accounting for 19% of the market. It also operates in Mexico, Canada, China, Turkeyand the United Kingdom.[2] The company's subsidiaries include Geek Squad, Magnolia Audio Video, Pacific Sales, and, in Canada operates under both the Best Buy and Future Shop label. Together these operate more than 1,150 stores in the United States, Puerto Rico, Canada,China,[3] Mexico, and Turkey. In addition, the company has rolled out over 100 Best Buy Express Automated Retail stores or "ZoomShops", operated by Zoom Systems, in airports and malls around the U.S.[4] The company's corporate headquarters are located in Richfield, Minnesota.

Best Buy was named "Company of the Year" by Forbes magazine in 2004,[5] "Specialty Retailer of the Decade" by Discount Store News in 2001,[6] ranked in the Top 10 of "America's Most Generous Corporations" by Forbes magazine in 2005 (based on 2004 giving),[7] and madeFortune magazine's List of Most Admired Companies in 2006.[8]

On March 9, 2009, Best Buy became the primary electronics retail store (online and bricks and mortar) in theeastern United States, after smaller rivalCircuit City went out of business.Fry's Electronics remains a major competitor in the western United States. Many locations feature in-store pickup, which can be arranged through the company's website.[9]

Best Buy Properties For Sale Across the United States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming 

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TJ Maxx | Best Buy PORT RICHEY, FL

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Asking Price: $4,988,000 

Property Type Retail Lease Type NN

Tenant Credit Corporate Guarantee

Tenancy Multi Occupancy 100% Buildings 2

Lot Size (acres) 7.13

Lease Options 3, 5-Year Options Ownership Fee Simple

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Best Buy is our affiliated Partner Shop Now

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Orlando - Best Buy 6.19% CAP 44,988 SF | OCOEE, FL

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Asking Price: $10,500,000 

Property Type Retail Tenancy Single

Investment Type Net Lease Class A Absolute NNN

Tenant Credit Corporate Guarantee

Square Footage 44,988 Price/Sq Ft $233.40

Cap Rate 6.19% Occupancy 100%

NOI $650,391 Units 1 Stories 1 Year Built2000

Lot Size (acres) 4.03 Parking (spaces) 191

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Home depot is our affiliate business Partner

Home Depot for Sale

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Home Depot, Beaver Falls, PA

2670 Constitution Boulevard, Beaver Falls, PA 15010

Price:$9,485,200 Cap Rate: 7.00% Annual Base Rent:$663,967 Type:NNNLease Term Remaining:5 Yr,Premises:107,400 SF. 

STATE  OWNERSHIP  YEAR  BUILT YEARS  CAP RATE


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New Jersey Triple Net Investment Properties

Walgreens Center Cap Rate 6.03% Point Pleasant, NJ 08742 75 Min. From Manhattan

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Price$6,625,000  Gross Leasable Area 19,111 SF

Property TypeRetailNo. Stories1Property Sub-type Drug Store Year Built 2009  Building Class B  Zoning DescriptionGeneral Commercial

Sale Type: Investmen Lot Size1.97 AC 

Point Pleasant New Jersey,” The Property is 100% leased to two tenants, a Walgreens (Moody’s: Baa2) with drive-through access, backed by a corporate guarantee

Walgreens Absolute NNN Lease

5.00% CAP | 14,886 SF | NORTH SMITHFIELD, RI 

 Property Type: Retail

Lease Type Absolute NNN Tenant Credit Credit Rated TenancySingle Lease Term20.1 years Lease Commencement 04/12/2015 Rent Commencement 04/12/2015Lease Expiration 04/29/2035 Remaining Term 17.3 yearsSquare Footage 14,886 Price/Sq Ft $550.85 Cap Rate 5.00% Occupancy100% 

Occupancy Date 04/02/2015 NOI $410,000 Year Built 2015 Buildings 1 Lot Size (acres)1.95 Lease Options 55 1-year options Ownership Fee Simple 

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CVS Pharmacy (Close Proximity to NYC) For Sale Waretown, NJ

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Price$6,290,418 

No. Stories 1 Property Type: Retail  Year Built 1989 Property Sub type Freestanding Tenancy Single Building Class B Parking Ratio 2.68/1,000 SF Sale Type: InvestmentClear Ceiling Height12 FT  Cap Rate 5.50%

Gross Leasable Area13,078 SF Transit Score ®24 (Minimal Transit) 

Sale Conditions Investment Triple Net 

More Details

Walgreens Highway 516 Old Bridge, NJ Less than an Hour from Manhattan

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Price $5,450,313 No. Stories 1

Property Typ eRetail Year Built 2016  Property Sub-type Drug Store.Tenancy Single Building Class A No. Dock-High Doors/Loading1Sale Type: InvestmentZoning Description C CCap Rate5.75% Lot Size10.40 AC

Walgreens

5.15% CAP | 14,675 SF | Raleigh, NC

More Info.

Starbucks Tenant Properties For Sale

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Starbucks at Towne Place Shops

5.75% CAP | 13,200 SF | Chesapeake, VA

4.50% CAP | 2,000 SF | Weed, CA

 Offered at$7,119,695 l  7.25 % Cap Rate

  • Stabilized High Performing Retail Center - Diverse Tenant Mix - Retail Synergy
  • Shadow Anchored by Walmart Supercenter - Outstanding Neighboring Tenants
  • Staggered Rent Increases & Lease Expirations - Strong Rent Growth
  • Located On Major Retail/Commuter Corridor - Heavy Traffic Counts - Excellent Visibility/Signage
  • Affluent Demographics - Dynamic Economy - Steady Growth
  • Close Proximity to Downtown Madison, Regional Airport & University of Wisconsin.

Just Listed | Prairie Square Shopping Center | Shadow Anchored by Super Walmart | 7.25% Cap | Madison, WI

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for Sale

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Starbucks: Roanoke, VA 24016 $2,250,000

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Tenant: Starbucks
Premises: 2,200 SF Renewal Options: 4 x 5 Years

Lease Expiration: Est. 9/30/2027
Lease Type: NN Rental Increases: 10% Every 5 Years

  • Brand New 2017 Construction – Opened December 7, 2017
  • Corporate Starbucks (NYSE SBUX) with 91.8B Market CAP
  • No Early Termination Clause
  • 20 Year Roof Warranty  OFFERING SUMMARY-PDF

Offering Memorandom

Chili’s 623 W. Oglethorpe Hwy - Hinesville, GA 31313 $3,458,662 Cap Rate: 7.10% Status: Available

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Tenant: Chili’s
Premises: 4,719 SF Renewal Options: 4 x 5 Years

Lease Expiration: 2/28/2027 Lease Type: Absolute NNN
Rental Increases: CPI Every 5 Years Including Option Periods

Freestanding 100% Occupied Single Tenant Absolute Triple Net (NNN)–~10 Years on Lease Remaining4 (4) x 5 (5) Year Renewal Options

Rent Increases Every 5 Yrs Including at Options –Next Increase is in 2022  Offering Summary:  PDF

Offering Memorandom

Triple Net Investment Properties in New York

Chick-Fil-A | Price Reduced! 4.00% CAP | 4,867 SF | ROCHESTER, NY

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Asking Price: $3,175,000 

Property Type Retail Lease Type NNN Tenancy Single

Square Footage 4,867 Price/Sq Ft $652.35 Cap Rate 4.00% NOI $127,000 

This new construction Chick-fil-A in Greece, New York, only six

miles northwest of downtown Rochester. There are 20 years remaining on this triple-net (NNN) ground lease

featuring 10 percent rent bumps every five years. The lease is guaranteed by Chick-fil-A, Incorporated; who

registered more than $8 billion in revenue (2016) and operates more than 2,000 locations.

This highly visible Chick-fil-A is located on the intersection of West Ridge Road and Ridgecrest Road, a highly

trafficked intersection which sees more than 29,000 vehicles per day (VPD). This asset also benefits from

being nearby Interstate 390, a major north-south highway in New York which sees more than 68,000 vehicles

per day (VPD). Directly adjacent from the subject property is The Mall at Greece Ridge. This mega-mall has

more than 1.6 million square feet of retail, making it one of the largest shopping centers in the country. Some

of the anchors include: Target, Bed Bath & Beyond, Regal Cinemas, and Macy’s Home Store. There is an

additional 500,000 square feet of retail within a mile featuring national credit tenants such as Wegmans,

Lowe’s, and The Home Depot

Contact US -More Details

Rite Aid 7.09% CAP | 14,673 SF | TROY, NY

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Asking Price: $8,496,821
 

Property Type Retail

Lease Type NN TenancySingle

Lease Commencement 06/10/2008

Lease Expiration 05/31/2029

Remaining Term 11.2 years

Square Footage 14,673 Price/Sq Ft $579.08

Cap Rate 7.09% NOI $602,114

Year Built 2009 Lot Size (acres) 1.91

Rent Bumps Yes Ownership Fee Simple

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Moe's Southwest Grill 6.52% CAP | 3,600 SF CHEEKTOWAGA, NY

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Asking Price: $2,300,000  

Property Type Retail Sub Type Restaurant

Investment Type Sale/Leaseback

Lease TypeAbsolute NNN Tenancy Single

Lease Expiration 03/01/2033 Remaining Term 14.9 years

Square Footage 3,600 Price/Sq Ft $638.89

Cap Rate 6.52% NOI $150,000 Units 1 Year Built 2017

Lot Size (acres) 0.68 Price/Sq Ft (Land Value) $84.40

Rent Bumps8.0% every 5 years throughout Primary Term and Option Periods Lease OptionsTwo 5-Year Options

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Dunkin Donuts/Exxon 7.00% CAP 5,400 SF | MIDDLETOWN, NY

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Asking Price: $7,000,000 

Property Type Retail Lease Type NNN

Lease 01/01/2018-01/01/2038

Lease Term & Remaining Term 20 years

Square Footage 5,400 Price/Sq Ft $1,296.30

Cap Rate 7.00% NOI $490,000

Year Built 2010 Lot Size (acres)2.8

Permitted Zoning Commercial

Rent BumpsCPI Increase Every 5 Years

Lease OptionsTwo 5-Year Options   Fee Simple

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2 Walgreens Package | Rochester MSA 6.75% CAP | DANSVILLE, NY

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Asking Price: $4,092,459

Property Type Retail

Sub Type Drug Store

Investment Type Net Lease

Lease Type NN

Tenant Credit Corporate Guarantee

Tenancy Single

Cap Rate 6.75% NOI $276,241

Buildings 2

Ownership Fee Simple 

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Friendly’s 8.00% CAP | 5,967 SF JAMESTOWN, NY

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Asking Price: $1,718,425 

Property Type Retail TenancySingle

Lease TypeAbsolute NNN

Lease Term12 years

Lease 07/31/2013- 07/31/2025

Remaining Term 7.4 years

Square Footage 5,967 Price/Sq Ft $287.99

Cap Rate 8.00% NOI $137,474

Lot Size (acres)1.44 Rent Bumps1.50% Annually

Four, 5 - Year Options   Ownership Private

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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  Units 1

Lease Expiration 03/31/2031

Remaining Term 13 years

Square Footage 9,180 Price/Sq Ft $249.56

Cap Rate 6.00% NOI $137,460

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National Multi Tenant Plaza 7.50% CAP | 10,277 SF | SYRACUSE, NY

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Asking Price: $3,878,520

Property Type Retail

Lease Type NN

Tenancy Multi Number of Tenants 5

Square Footage 10,277

Price/Sq Ft $377.40

Cap Rate 7.50% NOI $290,889

Year Built 2015

Lot Size (acres) 1.94

OwnershipFee simple 

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Red Lobster 6.10% CAP | 7,054 SF AMHERST, NY

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Asking Price: $4,402,899 

Property Type Retail

Lease Type NNN TenancySingle

Tenant Credit Corporate Guarantee

Lease Term 20 years Remaining Term 16.4 years

Lease 07/28/2014- 07/31/2034

Square Footage 7,054 Price/Sq Ft $624.17

Cap Rate 6.10% NOI $268,577

Lot Size (acres) 2.6 Rent Bumps2% Annually

Lease OptionsFour, Five Year Option Periods

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Five Star Urgent Care 6.60% CAP 3,500 SF | SYRACUSE, NY

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Asking Price: $1,829,546 


Property Type Retail

Investment Type Net Lease

Lease Type NN+

Tenancy Single

Square Footage 3,500

Price/Sq Ft $522.73

Cap Rate 6.60% NOI $120,750

Contact US

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 TypeNet Lease 

Lease Type NN TenancySingle

Tenant CreditCredit Rated

Square Footage10,125 Price/Sq Ft$436.20

Cap Rate6.25% NOI $276,031

Units 1 Buildings 1 Stories 1

Year Built 2001 Lot Size (acres) 1.17

Rent Bumps Yes Lease Options  Four 5-year

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

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Asking Price: $933,000 

Property Type Retail Tenancy Multi

Lease Type Absolute NNN

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

OwnershipFee Simple

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Valley Mall Strip Center/Post Office 7.90% CAP | 7,712 SF | NAPANOCH, NY

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Asking Price: $1,195,000 

Property Type Retail Class B

Tenancy Multi

Square Footage 7,712 Price/Sq Ft $154.95

Cap Rate 7.90% Occupancy100%

NOI $94,402

Year Built 2013

Buildings 1 Stories 1

Permitted Zoning Retail

Lot Size (acres) 3 APN83.10-3-12.110

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

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Asking Price: $2,454,545

Property Type Retail Investment Type Net Lease

Class A Lease Type NNN

Tenant CreditCorporate Guarantee

TenancySingle

Rent 07/28/2017 Remaining Term 10 years

Square Footage 2,443 Price/Sq Ft $1,004.73

Cap Rate 5.50% Occupancy 100%

Occupancy Date 07/28/2017 NOI $135,000

Units1 Buildings 1 Stories 1 Year Built 2017

Lot Size (acres) 1.09 Parking (spaces) 34

Rent Bumps Yes 

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Dollar General 7.00% CAP | 9,100 SF WORCESTER, NY

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Asking Price: $1,559,000 

Property Type Retail

Lease Type Absolute NNN

Tenant Credit

 Credit Rated, Corporate Guarantee

TenancySingle

Lease Term 15 years

Square Footage 9,100 Price/Sq Ft $171.32

Cap Rate 7.00% NOI $109,121

Year Built 2016 Lot Size (acres) 4.3

Rent Bumps Yes

Ownership Fee Simple

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Triple Net Investment Properties in New Jersey

Advance Auto Parts 7.50% CAP BROWNS MILLS, NJ

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Asking Price: $1,440,000 

Property Type Retail

Tenant Credit Credit Rated TenancySingle

Lease Expiration 12/31/2023

Remaining Term 5.8 years

Cap Rate 7.50% NOI $108,000

Year Built 1932 Lot Size (acres)1.72

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

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Chase Bank & Retro Fitness 6.00% CAP | 21,066 SF | BAYONNE, NJ

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Asking Price: $3,905,000 

Property Type Retail

Square Footage 21,066

Cap Rate 6.00% Occupancy 100%

NOI$234,340

Year Bui lt1920 Year Renovated 2006

Stories2

Lot Size (acres)0.61 

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Sun National Bank 6.75% CAP | 6,758 SF | PENNINGTON, NJ

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Asking Price: $2,250,000 

Property Type Retail TenancySingle

Lease TypeAbsolute NNN

Lease Expiration 12/31/2027

Remaining Term 9.8 years Rent Bumps Yes

Square Footage6,758 Price/Sq Ft$332.94

Cap Rate6.75% NOI$151,931

Year Built 1970 Lot Size (acres) 0.58

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7-Eleven 5.25% CAP | 2,050 SF UNION, NJ

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Asking Price: $2,630,000

Property TypeRetail

Lease Type NN

Tenant Credit Credit Rated

Tenancy Single  Lease Term 10 years

Lease Commencement 08/01/2017

Lease Expiration 07/31/2027

Remaining Term 9.4 years

Square Footage 2,050 Price/Sq Ft $1,282.93

Cap Rate 5.25% NOI $138,000

Year Built 2013 Lot Size (acres) 0.34

Lease OptionsTwo 5-Year Options

OwnershipFee Simple 

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Walgreens 5.40% CAP | HILLSIDE, NJ

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Asking Price: $8,351,851 

Property Type Retail

Investment Type Net Lease Lease 

Type Absolute NNN

Tenant Credit Corporate Guarantee

Tenancy Single

Rent 10/29/2016-10/31/2036

Remaining Term18.6 years

Net Rentable (sq ft)14,630

Cap Rate 5.40% Occupancy 100%

NOI $451,000 Ownership Fee Simple 

Buildings 1 Lot Size (acres) 1.01

Lease Options (55) One Year Options

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Neptune Circle Shopping Center 7.64% CAP | 19,355 SF | NEPTUNE CITY, NJ

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Asking Price: $6,700,000 

Property Type Retail

Tenancy Multi 

Number of Tenants 7

Square Footage19,355  Price/Sq Ft $346.16

Cap Rate7.64%

Occupancy 100% NOI $512,019

Year Built 2005 Stories 1

Permitted Zoning C-1 Planned Commercial Dev

Lot Size (acres) 5.03 Parking (spaces) 100

Ownership Fee Simple

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ABSOLUTE NNN LEASED INVESTMENT 5.41% CAP | 10,914 SF | LOS ANGELES, CA

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Asking Price: $8,500,000

Property Type Retail

Lease Type Absolute NNN Tenancy Multi

Square Footage 10,914 Price/Sq Ft $778.82

Cap Rate 5.41% Occupancy 98.91%

NOI $460,193 Year Built 1987

Permitted Zoning C4-1

Lot Size (sq ft) 41,265 Parking (spaces) 55

Rent BumpsYes Ownership Fee Simple 

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CVS 5.20% CAP | 11,900 SF ALLENTOWN, PA

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Asking Price: $4,440,000

Property Type Retail

Lease Type NN Tenant Credit Credit Rated

Lease Term 38.8 years

Lease 03/10/1999-12/31/2037

Remaining Term 19.8 years

Square Footage 11,900 Price/Sq Ft $373.11

Cap Rate 5.20% NOI $231,000

Lot Size (acres) .26  Lease Options One (1), Five (5) Year And One (1), Four (4) Year 

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100% Triple Net Leased Investment 4.51% CAP | 51,632 SF | LOS ANGELES, CA

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Asking Price: $25,000,000 

Property Type Retail Lease Type NNN

Tenancy Multi

Square Footage 51,632 Price/Sq Ft $484.20

Cap Rate 4.51% Occupancy100% NOI $1,128,314

Year Built 2007

Permitted Zoning (Q) C2-CD-2D-CD0

Lot Size (sq ft) 73,202 Parking (spaces) 130

Rent Bumps Yes Ownership Fee Simple

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Rite Aid 6.50% CAP | 13,824 SF WOODRUFF, SC

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Asking Price: $4,433,507 

Property Type Retail

Lease Type Absolute NNN

Lease Term 20 years

Lease 01/09/2003-01/08/2023

Remaining Term 4.8 years

Square Footage 13,824 Price/Sq Ft $320.71

Cap Rate 6.50% NOI $288,178

Year Built 2002 Ownership Fee Simple

Lot Size (acres) 2.24 Parking (spaces) 73

Lease Options 4 - 5 Year Options

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Safeway 5.65% CAP | 57,860 SF FLORENCE, AZ

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Asking Price: $8,762,000 

Property Type Retail

Lease Term 20 years

Lease 11/01/2017-10/31/2037

Remaining Term 19.6 years

Square Footage 57,860 Price/Sq Ft $151.43

Cap Rate 5.65% NOI $495,003.91

Year Built 2007 Lot Size (acres) 6.39

Rent Bumps 1.5 Annually Years 2-5, 7.5% Every 5 years after Year 10 & 15

Lease Options 8, 5 Year Options

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Steak'n Shake 6.00% CAP | 3,319 SF COLORADO SPRINGS, CO

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Asking Price: $2,400,000 

Property Type Retail 

Lease Type NNN Tenancy Single

Lease Term 20 years

Square Footage 3,319 Price/Sq Ft $723.11

Cap Rate 6.00% Occupancy 100%

NOI $144,000

Year Built 2013

Lot Size (acres) 1

Rent Bumps 10% Rent Increases Every 5 Years

Lease Options 4 x 5 Years

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Stein Mart 6.25% CAP | 36,000 SF | LA QUINTA, CA

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Asking Price: $7,978,000 

Property Type Retail

Lease Type NNN Lease Term 10 years

Lease Commencement 11/01/2004 Lease Expiration 10/31/2024

Remaining Term 7 years

Square Footage 36,000 Price/Sq Ft $221.61

Cap Rate 6.25% Pro-Forma Cap Rate 6.54%

Occupancy 100% Year Built 2004

NOI $498,600 Pro-Forma NOI $522,000

Permitted Zoning Department Store

Lot Size (acres) 3.97 Parking (spaces) 250 APN643-020- 046

Lease OptionsTwo (2) - Five (5) year options

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NNN Properties

9% Plus Cap Rate Properties

Here are a number of properties that offer 9%+ cap rates with solid tenants and good leases.  High rewards are often accompanied by high risk.  Nevertheless, sometimes the potential reward outweighs the risk, and sometimes the risk is overstated.  

For more information, or to discuss your needs, please call Chris Lee 917-280-6985 or Send an email to Lee@Leecommercial.com 

Principals Only, Please. 1)   Kid's Kingdom Day Care Center - Greenwood IN:  $1,375,000, 9.0% Cap Rate, 5 Year NNN Lease.  This is a day care center in Greenwood Indiana, with five years remaining on a NNN lease.  Offered at $1,375,000 with a 9.0% cap rate.  

2)   Fred's Super Dollar Pharmacy - Saint Martinville LA:  $1,414,900, 10.0% Cap Rate, 7 Year NN Lease.  This property was brand new built-to-suit in 2012, with a new 12 year lease, leaving 7 years remaining, guaranteed by Fred's Super Dollar (NYSE: FRED), with $1.8B sales, $400M net worth.  Fred's operate over 700 stores in the US.  Offered at $1,414,900 with a 10% cap rate.

3)   Marvin's Building Materials - Thomasville AL:  $1,461,000, 9.0% Cap Rate, 5 Year NNN Lease.  Marvin's recently executed a new 5 year lease option, showing their continued comitment to this location.  The lease has 2.75% annual increases, with a corporate guarantee.  The property is surrounded by national tenants such as Walmart, Advance Auto Parts, Tractor Supply, etc.  Offered at $1,461,000 with a 9.0% cap rate.  

4)   Wendy's - Memphis TN:  $1,585,000, 9.5% Cap Rate, 5 Year Absolute NNN Lease.  Meritage Hospitality Group owns and operates over 250 restaurants in 12 state, and guarantees the NNN lease for the Wendy's, with four 5-yr options, and 2% annual increases.  Strong tenant, high sales, high traffic counts.  Offered at $1,585,000 with a 9.5% cap rate.  

5)   1845 Oil Field Services - Pleasanton TX:  $1,700,000, 11.0% Cap Rate, 10 Year Absolute NNN Lease.  1845 Oil Field Services is one of the largest proppant transportation, freight management and logistics companies in North America.  Purchased in 2012 by AVC Partners providing operational executive leadership in accelerating the development of the company.  Current lease with 10 years remaining on a 13 year NNN lease.  New construction, in 2010, and solid location.  Offered at $1,700,000 with an 11.0% cap rate.   

6)   GEODynamics - Dickinson ND:  $2,386,570, 9.0% Cap Rate, 7 Year NNN Lease.  Leased by GeoDynamics, a manufacturer of products for the oil and gas industry with over 350 employees and $46M+, with 7 years remaining on a triple net lease, with two 5-yr options, and 1% annual increases.  Offered at $2,386.570 with a 9.0% cap rate.  

7)   1845 Oil Field Services - Weatherford TX:  $2,627,027, 9.25% Cap Rate, 7 Year NNN Lease.  1845 Oil Field Services is one of the largest proppant transportation, freight management and logistics companies in North America.  Purchased in 2012 by AVC Partners providing operational executive leadership in accelerating the development of the company.  Seven years remaining on a 10 year NNN lease.  New construction, in 2010, and solid location.  Offered at $2,627,027 with a 9.25% cap rate.  

8)   Tropitone Furniture Co. - Sarasota FL:   $3,950,000, 9.4% Cap Rate, 5 Year NN Lease.  Tropitone Furniture is a wholly owned subsidiary of Brown Jordan International, Inc., specializing in customized outdoor patio furniture.  The current NN lease expires at the end of 2023, with annual 3% increases, and two 2-yr options.  Offered at $3,950,000 with a 9.4% cap rate.

9)   Tutor Time - Anthem AZ:  $4,200,000, 10.14% Cap Rate,  9 Year Absolute NNN Lease.  The property features an absolute triple net lease with no landlord responsibilities and a corporate guarantee from Learning Care Group, with 9 years remaining and two 5-yr options.  Strategically positioned near affluent families, and combined daily traffic counts of 53,000 VPD.  Offered at $4,200,000, with a 10.14% cap rate.  

10)   Innocor - Baldwyn MS:  $5,939,779,  9.5% Cap Rate, 6 Year NNN Lease.  Innocor is a leading company which designs, develops and manufacturers memory foam comfort products for the home, with over $800M in sales.  This site is a mission critical facility with over 296,000 SF light industrial facility on a 27 acre parcel.  There are six years remaining on a NNN lease.  Offered at $5,939,779 with a 9.5% cap rate.   

11)   Vibracoustic - Sandusky MI:  $6,420,000, 9.5% Cap Rate, 5 Year NNN Lease.  Vibracoustic is a leading developer and manufacturer of vibration and control components for passenger and commercial automotive vehicles, with facilities in 19 countries with annual revenues of $2B.  This is a strategic location serving the automotive industry with easy access to several major major state routes.  The triple net lease provides for 1.8% annual rent increases.  Offered at $6,420,000 with a 9.5% cap rate.  12)   Wilberforce University - Dayton OH:  $7,000,000, 9.5% Cap Rate, 15 Year Sale-Leaseback Net Lease.  The lease commences upon close of escrow with a 15 year term, plus eight 5-yr options, with 1.5% annual increases.  The offering includes the Alumni Multiplex, an on-campus student athletic facility and the Health & Wellness Center which is a multi-use center for students and faculties.  Offered at $7,000,000 with a 9.5% cap rate.  

13)   FedEx Ground - Superior WI:  $7,995,000, 8.7% Cap Rate, 5 Year NN Lease.  The lease is guaranteed by FedEx Ground, with over $16B in revenues in 2016.  The original term expires 9/14/2022, with two 5-yr options.  Offered at $7,995,000 with an 8.7% cap rate.  14)   AT&T Technical Call Center - Grayson KY:  $11,289,800, 12.0% Cap Rate, 4 Year Absolute NNN Lease.  AT&T Mobility is operating under a 20 year lease term with four (4) years remaining, with two 5-yr options, and 2% annual increases.  The property was built in 2001, and houses 575 highly trained technical support employees, operating the facility 16 hours a day, 7 days a week.  It is located within the EastPark Industrial Park, which provides a new cutting edge fiber line, making it the first site in Kentucky capable of sustaining a Tier IV data center.  Offered at $11,289,000 with a 12.0% cap rate.  

15)   Carbo Ceramics - Newcomerstown OH:  $12,500,000, 11.5% Cap Rate, 11 Year Absolute NNN Lease.  Carbo Ceramics is an oilfield services technology company that manufactures ceramic proppants for use in hydraulic fracturing.  Carbo is a publicly traded company, (NYSE:  CRR), with sales of $100+M in 2016, with a net worth of $500+M.  The existing NNN lease expires in 7/31/2028, with two 5-yr options, and 2% annual increases.  Offered at $12,500,000 with a 11.5% cap rate.  
1)   Kid's Kingdom Day Care Center - Greenwood IN:  $1,375,000, 9.0% Cap Rate, 5 Year NNN Lease.  This is a day care center in Greenwood Indiana, with five years remaining on a NNN lease.  Offered at $1,375,000 with a 9.0% cap rate.

2)   Fred's Super Dollar Pharmacy - Saint Martinville LA:  $1,414,900, 10.0% Cap Rate, 7 Year NN Lease.  This property was brand new built-to-suit in 2012, with a new 12 year lease, leaving 7 years remaining, guaranteed by Fred's Super Dollar (NYSE: FRED), with $1.8B sales, $400M net worth.  Fred's operate over 700 stores in the US.  Offered at $1,414,900 with a 10% cap rate.

3)   Marvin's Building Materials - Thomasville AL:  $1,461,000, 9.0% Cap Rate, 5 Year NNN Lease.  Marvin's recently executed a new 5 year lease option, showing their continued comitment to this location.  The lease has 2.75% annual increases, with a corporate guarantee.  The property is surrounded by national tenants such as Walmart, Advance Auto Parts, Tractor Supply, etc.  Offered at $1,461,000 with a 9.0% cap rate.

4)   Wendy's - Memphis TN:  $1,585,000, 9.5% Cap Rate, 5 Year Absolute NNN Lease.  Meritage Hospitality Group owns and operates over 250 restaurants in 12 state, and guarantees the NNN lease for the Wendy's, with four 5-yr options, and 2% annual increases.  Strong tenant, high sales, high traffic counts.  Offered at $1,585,000 with a 9.5% cap rate.

5)   1845 Oil Field Services - Pleasanton TX:  $1,700,000, 11.0% Cap Rate, 10 Year Absolute NNN Lease.  1845 Oil Field Services is one of the largest proppant transportation, freight management and logistics companies in North America.  Purchased in 2012 by AVC Partners providing operational executive leadership in accelerating the development of the company.  Current lease with 10 years remaining on a 13 year NNN lease.  New construction, in 2010, and solid location.  Offered at $1,700,000 with an 11.0% cap rate.

6)   GEODynamics - Dickinson ND:  $2,386,570, 9.0% Cap Rate, 7 Year NNN Lease.  Leased by GeoDynamics, a manufacturer of products for the oil and gas industry with over 350 employees and $46M+, with 7 years remaining on a triple net lease, with two 5-yr options, and 1% annual increases.  Offered at $2,386.570 with a 9.0% cap rate.

7)   1845 Oil Field Services - Weatherford TX:  $2,627,027, 9.25% Cap Rate, 7 Year NNN Lease.  1845 Oil Field Services is one of the largest proppant transportation, freight management and logistics companies in North America.  Purchased in 2012 by AVC Partners providing operational executive leadership in accelerating the development of the company.  Seven years remaining on a 10 year NNN lease.  New construction, in 2010, and solid location.  Offered at $2,627,027 with a 9.25% cap rate.

8)   Tropitone Furniture Co. - Sarasota FL:   $3,950,000, 9.4% Cap Rate, 5 Year NN Lease.  Tropitone Furniture is a wholly owned subsidiary of Brown Jordan International, Inc., specializing in customized outdoor patio furniture.  The current NN lease expires at the end of 2023, with annual 3% increases, and two 2-yr options.  Offered at $3,950,000 with a 9.4% cap rate.

9)   Tutor Time - Anthem AZ:  $4,200,000, 10.14% Cap Rate,  9 Year Absolute NNN Lease.  The property features an absolute triple net lease with no landlord responsibilities and a corporate guarantee from Learning Care Group, with 9 years remaining and two 5-yr options.  Strategically positioned near affluent families, and combined daily traffic counts of 53,000 VPD.  Offered at $4,200,000, with a 10.14% cap rate.

10)   Innocor - Baldwyn MS:  $5,939,779,  9.5% Cap Rate, 6 Year NNN Lease.  Innocor is a leading company which designs, develops and manufacturers memory foam comfort products for the home, with over $800M in sales.  This site is a mission critical facility with over 296,000 SF light industrial facility on a 27 acre parcel.  There are six years remaining on a NNN lease.  Offered at $5,939,779 with a 9.5% cap rate.
 

11)   Vibracoustic - Sandusky MI:  $6,420,000, 9.5% Cap Rate, 5 Year NNN Lease.  Vibracoustic is a leading developer and manufacturer of vibration and control components for passenger and commercial automotive vehicles, with facilities in 19 countries with annual revenues of $2B.  This is a strategic location serving the automotive industry with easy access to several major major state routes.  The triple net lease provides for 1.8% annual rent increases.  Offered at $6,420,000 with a 9.5% cap rate.

12)   Wilberforce University - Dayton OH:  $7,000,000, 9.5% Cap Rate, 15 Year Sale-Leaseback Net Lease.  The lease commences upon close of escrow with a 15 year term, plus eight 5-yr options, with 1.5% annual increases.  The offering includes the Alumni Multiplex, an on-campus student athletic facility and the Health & Wellness Center which is a multi-use center for students and faculties.  Offered at $7,000,000 with a 9.5% cap rate.

13)   FedEx Ground - Superior WI:  $7,995,000, 8.7% Cap Rate, 5 Year NN Lease.  The lease is guaranteed by FedEx Ground, with over $16B in revenues in 2016.  The original term expires 9/14/2022, with two 5-yr options.  Offered at $7,995,000 with an 8.7% cap rate.

14)   AT&T Technical Call Center - Grayson KY:  $11,289,800, 12.0% Cap Rate, 4 Year Absolute NNN Lease.  AT&T Mobility is operating under a 20 year lease term with four (4) years remaining, with two 5-yr options, and 2% annual increases.  The property was built in 2001, and houses 575 highly trained technical support employees, operating the facility 16 hours a day, 7 days a week.  It is located within the EastPark Industrial Park, which provides a new cutting edge fiber line, making it the first site in Kentucky capable of sustaining a Tier IV data center.  Offered at $11,289,000 with a 12.0% cap rate.

15)   Carbo Ceramics - Newcomerstown OH:  $12,500,000, 11.5% Cap Rate, 11 Year Absolute NNN Lease.  Carbo Ceramics is an oilfield services technology company that manufactures ceramic proppants for use in hydraulic fracturing.  Carbo is a publicly traded company, (NYSE:  CRR), with sales of $100+M in 2016, with a net worth of $500+M.  The existing NNN lease expires in 7/31/2028, with two 5-yr options, and 2% annual increases.  Offered at $12,500,000 with a 11.5% cap rate.

Principals Only, Please. 

Contact to Chris Lee