INVESTMENT HIGHLIGHTS:
Long-term Security – ±10 Years remaining on primary lease term with - Completely Passive Investment – Absolute NNN Lease - Growing Cash Flow – Lease contains 1.00% Annual rental increases - Recent Construction – The subject property was built in 2014, limiting necessity for future renovations by tenant - Strong Guarantee with over 150+ Units (see tenant highly highlights below for further details).
THE OFFERING
Lot Size 1.06 AC Sale Type Investment Gross Leasable Area 4,103 SF Cap Rate 5.75%
No. Stories 1 Sale Conditions -Investment Triple Net Year Built 2014 Property Type Retail Tenancy Single Property Sub-type Restaurant
Zoning Description 2 Building Class BAPN / Parcel ID046F-083-M
Buyer's Broker: Lee Realty Group a Lee Group LLC - Chris Lee Seller's Broker: Matthews Real Estate -Keegan Mulcahy
Asking Price: $2,212,570 Cap Rate : 5.25 %
NOI $116,160 Rent/Month $9,680 Property
Lease Absolute NNN Tenant Corporate Guarantee, Credit Rated
Tenancy Single Lease Term 15 years Lease 01/01/2020 to 12/31/2034
Remaining Term 15.2 years Square Footage 2,950 Price/Sq Ft $750.02
Lot Size (ac)0.76 Options Four (4), (5) Year
Ownership Fee Simple - by Calkain
6.00% CAP | 2,740 SF | Muskego, WI
Asking Price $1,833,333
Property Type Retail Lease Type NNN Tenancy Single Lease Expiration 03/31/2034 Remaining Term 14.5 years Sqft 2,740
Price/Sq Ft $669.10 Cap Rate 6.00% NOI $110,000 Year Built 2015 Lot Size (acres) 0.92 Lease Options Four 5 Year Options
Ownership Fee Simple Courtesy of Sekulovski Group
Asking Price:Unpriced NOI $121,594
Investment Type Net Lease Absolute NNN
Tenant Credit Franchisee Tenancy Single Lease Term 20 years
Lease 01/31/2008 to 01/31/2028 Remaining Term 8.3 years Sqft 2,857
Year Built 1990 Year Renovated 2016 Rent Bumps 3% Every 3 Years Lease Options Four (4), 5-year by Matthews Real Estate
Asking Price: $1,655,000
Lease Type NNN Tenancy Single
Rent 7/31/2003 -7/30/2031 Term 11.7 years
SF 3,014 Price/Sq Ft $549.10 Cap Rate 5.65% Occupancy 100% NOI $93,500 Year Built 1981 Year Renovated 2015
1, 2-Year Option & 4, 5-Year Options
Ownership Fee Simple -Courtesy of Matthew's
Asking Price: $2,800,000
Investment Type Sale/Leaseback
Tenancy Single Lease Type NNN
Lease 20 years Remaining Term 20 years
Square Footage 3,000 Price/Sq Ft $933.33
Cap Rate 5.00% NOI $140,000 Lot Size 1AC
Rent Bumps 1.25% Annual Increases Starting Year 3 Four, Five-Year Options
Asking Price: $2,641,509
Type Retail Investment Sale/Leaseback
Lease Type NNN Tenancy Single
Lease Term 20 years Remaining 20 years
Square Footage 3,000 Price/Sq Ft $880.50
Cap Rate 5.3% NOI $140,000 Lot Size1 Bumps1.25% Annual Increases Starting Year 3 Four, Five-Year Options-Marcus Millichap
Asking Price: $2,800,000
Investment Type Net Lease Lease Type NNN Tenancy Single Lease Term 20 years
Remaining Term 20 years NOI $140,000
Square Footage 3,000 Price/Sq Ft $933.33
Cap Rate5.00% Lot Size (acres) 1.44
Rent Bumps 1.25% Annually Starting Year 3 Options Four, Five-Year - Marcus & Millichap
Asking Price: $2,718,447
Investment Type Net Lease Lease Type NNN
Tenancy Single Lease Term 20 years Remaining Term 20 years Sq Footage 3,000 Price/Sq Ft $906.15 Cap Rate 5.15%
NOI $140,000 Lot Size (acres)1
Rent Bumps1.25% Annually Starting Year 3
Options Four, Five-Year Marcus & Millichap
Asking Price: $2,580,645
Investment Net Lease Lease Type NNN Tenancy Single Lease Term 15 years
Lease 09/01/2019 -08/31/2034 Remaining 14.8 Sq Ft 4,300 Price/Sq Ft $600.15
Cap Rate 4.65% NOI $120,000 Lot Size 1.04
Rent Bumps 8% Every 5 Years
Lease Options Two, Five-Year Options Courtesy of Marcus Millichap
Asking Price: $2,035,000
Property Type Retail Lease Absolute NNN
Tenant Credit Franchisee Tenancy Single
Lease Term 20 years
Lease 06/18/2019 to 06/30/2039
Remaining Term 19.6 years
Square Footage 2,860 Price/Sq Ft $711.54
Cap Rate 5.60% NOI $113,929
Year Built 1995 Year Renovated 2012
Lot Size (acres)1 Four, 5-Year Options
Ownership Fee Simple
Courtesy of Matthews
Asking Price: $2,242,991
Property Type Retail Sub Type Fast Food
Investment Type Sale/Leaseback
Lease Absolute NNN Credit Franchisee
Tenancy Single Lease Term 20 years
Lease 01/01/2020-01/01/2040 20.1 years
3,010 Price/Sq Ft $745.18 Cap Rate 5.35% Occupancy 100% NOI $120,000 Units 1
Year Built 2000 Renovated 2020 Building 1 Stories 1 Lot Size 0.98 Rent Bumps 7.5%
Every 5 Years (4) 5-Year Options
Ownership Fee Simple - Marcus Millichap
Asking Price: $1,713,683
Property Type Retail Net Lease Fast Food
Investment Type Net Lease Absolute NNN
Tenant Credit Franchisee Tenancy Single
Lease Term 20 years Remaining 20 years
Square Footage 3,400 Price/Sq Ft $504.02
Cap Rate 6.00% NOI $102,821 Units 1
Year Built 2019 Lot Size (acres) 1.96
Parking (spaces) 52
Rent Bumps 10% Every Five Years (Base Term & Options)
Ownership Fee Simple - Marcus Millichap
Asking Price: $4,919,899
Property Type Retail Investment Type Sale/Leaseback Lease Type NNN Tenancy Single
Lease Term 20 years Lease Commencement 07/28/2014 Lease Expiration 07/31/2034 Remaining Term 14.7 years
Square Footage 7,924 Price/Sq Ft $620.89 Cap Rate 6.40% NOI $314,874 Lot Size (acres) 1.74 Rent Bumps 2% Annually Four, Five-Year Options
Marcus & Millichap is pleased to present the exclusive listing for Red Lobster located at 1515 West Ridge Road in Rochester, New York. The property is 7,924 square feet and is situated on approximately 1.69 acres of land.
This Red Lobster is subject to a 20-year triple-net (NNN) lease, with roughly 15 years remaining on the lease. Current annual rent is $314,874. The rent is scheduled to increase by two percent annually, including through the four, five year tenant renewal options.
Asking Price: $1,855,000
Sub Type Restaurant, Free Standing, Fast Food Investment Net Lease
Investment Sub Type NNN Lease Type Absolute NNN Tenancy Single
Lease Expiration 10/31/2039 Remaining Term 19.9 years SF1,889
Price/Sq Ft $982 Cap Rate 5.50% Occupancy 100% NOI $102,000 Unit 1
Year Built 2010 Year Renovated 2018 Buildings 1 Lot Size (acres) 0.474 Rent Bumps 7% Every 5 Years Lease Options Two 5 Year Options- CIA
Asking Price: $2,831,000
Property Type Retail Lease Type NNN Credit Corporate Guarantee
Tenancy Multi Number of Tenants2Square Footage 8,746
Price/Sq Ft $323.69 Cap Rate 6.50% NOI $184,024 Year Built 1988 Year Renovated 2019 Zoning B-4: Highway BusinessLot Size (acres) 1.6
Parking (spaces) 143APN 271-000-0003-066-000-0000
Ownership Fee Simple (Land & Building Ownership) - SRS
Asking Price: $1,873,000
Property Type Retail Investment Type Net Lease Lease Type Absolute NNN Lease Term 17 years
Lease Commencement 07/20/2005 Lease Expiration 7/11/2022 Remaining Term 2.6 yearsNet Rentable (sq ft) 2,300 Price/Sq Ft $814.35
Cap Rate 6.75% NOI $126,400 Year Built 1969 Year Renovated 2015 Lot Size (acres) 0.33 Lease Options 1, 10 Year Ownership Fee Simple
Asking Price: $1,838,000
Property Type Retail Lease Type Absolute NNN Tenancy Single
Square Footage 1,400 Price/Sq Ft$1,312.86 Cap Rate 6.00%
NOI $110,234 Year Built 1997 Lot Size (acres) 0.59 Parking (spaces) 18
Rent Bumps 9% Annually Lease Option sTwo Twenty Year Option
Ownership Fee Simple Courtesy of Marcus of Millichap
Asking Price: $1,430,000
Property Type Retail Lease Type Absolute NNN Tenancy Single
Square Footage 1,400 Price/Sq Ft $1,021.43 Cap Rate 7.05%
NOI $100,808 Year Built 1998 Stories 1 Zoning HC Lot Size (acres) 0.29
Parking (spaces)18 Lease Options2 – 20 Year Ownership Fee Simple
Asking Price: $1,850,000
Property Type Hospitality -Restaurant Investment Type Net Lease Square Footage 2,550 Price/Sq Ft $725.49
Cap Rate 7.93% Occupancy 100% NOI $146,740 Year Built 1980 Buildings 1 Stories 1 Lot Size (acres) 0.74 Ownership Fee Simple
Wendy's in Bedford, TX | DFW Metroplex | Income Tax Free State
More Than Six Years Remaining on a Triple Net (NNN) Lease with Zero Landlord Responsibilities
Hedge Against Inflation | 7.50% Base Rent Increase in 2021 Experienced Operator | KFK Group Lease Guaranty | 50+ Units
Ideally Located Along Brown Trail and Nearby Texas 183 | More Than 145,000 VPD
Strong Demographics | More Than 113,500 Residents Within 3 Miles | 12% Growth from 2010 | AHHI: $93,475 Within 5 Miles
Less Than Half of a Mile from Two Schools | LD Bell High School & Stonegate Elementary School | 2,600 Students By-SAB CAPITAL LLC
Property Type Retail Investment Type Net Lease Lease Absolute NNN
Tenancy Single Lease 12/20/0006-12/20/0026 Square Footage 2,726
Price/Sq Ft $513.60 Cap Rate 6.50% NOI $91,005 Year Built 1996
Parking (spaces) 46 Options 4, 5-Year Options Ownership Fee Simple
Asking Price: $2,290,000
Property Type Retail Lease Type Absolute NNN Tenant Franchisee
Tenancy Single Lease Term 32.3 years Lease 01/25/2004-04/30/2036 Remaining Term 16.4 years Square Footage 2,400 Price/Sq Ft $954.17
Cap Rate 4.80% Occupancy 100% NOI $110,000 Lot Size (acres) 0.92
Ownership Fee Simple Courtesy of Colliers
Asking Price: $3,895,405
Property Type Retail Investment Type Sale/Leaseback Lease Type NNN Tenancy Single Lease Term 15 years Remaining Term15 years
Square Footage 5,460 Price/Sq Ft $713.44 Cap Rate 4.75% NOI $185,032 Lot Size (acres) 1.41
Rent Bumps 8% Every 5 Years Lease Options Four, Five-Year Options
We're pleased to present the exclusive listing for a brand-new Panera Bread located at 408 Route 3 in Plattsburgh, New York. This is a rare investment opportunity to participate in a direct sale leaseback with Panera Bread. The newly constructed site will consist of roughly 5,460 rentable square feet of building space on estimated 1.41-acre parcel of land. The café is scheduled to open in January of 2020.
Panera, LLC, the corporate operating entity, will enter into a brand new 15-year triple-net (NNN) sale leaseback with the purchaser upon close of escrow. The initial annual rent will be $185,032 and will increase by eight percent (8.0%) every five (5) years throughout the term of the lease and in each option period. There will be four (4), five (5)-year tenant renewal options, extending the total possible lease term to 35 years. Courtesy of Marcus & Millichap
Asking Price: $2,388,000
Property Type Retail Investment Type Net Lease
Investment Sub Type 29-unit Franchisee
Lease TypeAbsolute NNN Tenancy Single
Lease Term 14 years Lease 09/01/2018 - 08/31/2032
Remaining Term 12.8 years Square Footage 7,980 Price/Sq Ft $299.26
Cap Rate 6.70% NOI $159,999 Year Built 1989 Stories 1
Lot Size(acres)1.26 Rent Bumps 1% Annually
3, 5-Year Options Ownership Fee Simple - By Matthews
Asking Price: $2,985,000
Property Type Retail Investment Type Net Lease
Lease Type NNN Tenancy Single Lease Term 28 years
Lease Commencement 06/01/2010 Expiration 06/12/2038
Remaining Term 18.5 years Square Footage 5,008
Price/Sq Ft $596.05 Cap Rate 6.51% Occupancy 100% NOI $194,203 Units 1 Year Built 1995
Rent Bumps 10% Every Five Years
Courtesy of Marcus Millichap
Asking Price: $2,509,900
Property Type Retail Lease Type Absolute NNN Tenancy Single Lease Expiration 03/31/2035 Remaining Term 15.3 years
Square Footage 3,107 Price/Sq Ft $807.82 Cap Rate 5.50% NOI $138,046 Units 1 Year Built 2012
We're pleased to exclusively market for sale a single tenant ground leased Taco Bell property located in Bluefield, Virginia. The lease is absolute triple net and has zero landlord responsibilities. There are approximately sixteen years remaining in the primary term and there are 1.5% annual rental escalations. The lease is guaranteed by Charter Foods Central LLC. Charter Foods operates over 200 locations throughout the South and Northeast regions of the United States. According to Restaurant Finance Monitor, Charter Foods has annual revenues in excess of $200 million annually. The lease is personally guaranteed by the owner of Charter Foods. The Taco Bell property is ideally located along College Avenue (13,000 VPD) and immediately off of Highway 460 (16,000 VPD), a primary east-west thoroughfare. The Taco Bell property is outparcel to Walmart Supercenter and near other retailers including Lowe’s, Sam’s Club, Food City and AT&T. The property is in close proximity to Bluefield College, Graham High School and Graham Middle School which drives additional traffic to the trade corridor. There are approximately 16 years remaining on the Taco Bell which expires March 31, 2035 and there are four 5-year renewal options. Taco Bell serves more than 2 billion customers each year at 7,000 restaurants, more than 80 percent of which are owned and operated by independent franchisees and licensees.Courtesy of The Boulder Group
Asking Price: $1,030,615
Lease Type Absolute NNN Tenant Credit Franchisee Tenancy Single
Lease Term 5 years Lease 06/01/2019 - 05/31/2024 Remaining 4.5 years
Square Footage 2,512 Price/Sq Ft $410.28 Cap Rate 6.50%
Occupancy 100% NOI $66,990 Year Built 1984 Lot Size (acres)1.07
Lease Options 1, 5-Year Options Courtesy of The Kase Group
Asking Price: $2,704,615
Lease Type Absolute NNN Tenancy Single Lease Term 19.7 years
Lease 05/01/2019 - 12/31/2038 Remaining Term 19.1 years
Square Footage 3,794 Price/Sq Ft$712.87 Cap Rate 6.50%
NOI $175,800 Lot Size (acres) 1.7 Lease Three, 5 Years Options
Ownership Fee Simple Courtesy of The Kase Group
Asking Price:$1,713,683
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