Asking Price: $13,658,000
Property Type Retail Investment Type Net Lease Lease Type NN Tenancy Single Lease Term 16 years Square Footage 63,036
Price/Sq Ft $216.67 Cap Rate 6.00% Occupancy 100% NOI $819,468 Units 1 Year Built 2016
Asking Price: $31,576,000
Property Type Retail Investment Type Net Lease Lease Type Absolute NNN Tenant Credit Corporate Guarantee Tenancy Single
Lease Term28.2 years Lease 12/12/1995-01/31/2024
Remaining 4.3 years Square Footage 114,113 Price/Sq Ft $276.71
Occupancy 100% Units 1 Year Built 1996 Year Renovated 2018 Lot Size (acres)12.76 Parking (spaces) 465
Asking Price: $4,340,571
Investment Type Net Lease Lease Type NN Tenancy Single
Rent 12/01/1998-07/31/2028 Remaining Term 8.7 years
Square Footage 24,000 Price/Sq Ft $180.86 Cap Rate 7.00%
Occupancy 100% NOI $303,840 Year Built 1997 Buildings 1
Stories 1 Lot Size (acres) 2.64 Parking (spaces)126
Rent Bumps $0.75/SF at each option APN 1240104000304
2 - 5 Year Options Ownership Fee Simple By: CBRE
Asking Price: Unpriced
Property Type Retail Investment Type Value Add Lease Type NNN Tenant Credit Credit Rated Tenancy Single Remaining Term 4 years
Square Footage 112,267 NOI $800,000 Year Built 1996 Lot Size (acres) 6.09 Parking (spaces) 450
Lease Options Yes, Four (4), Five (5) Year Options, And One (1), Three (3) Year Option; Total Of 23 Years
CBRE is pleased to present the rare opportunity to purchase the fee simple interest in the Walmart property located at 1123 Jerusalem Avenue in the town of Uniondale in Nassau County, New York. The property, which sits on a 6.09± acre lot, consists of a 112,267± SF building, which includes 20,086± SF of mezzanine space, a large parking lot for customers and dedicated parking for employees. The property is strategically located in the Uniondale Shopping Center on Jerusalem Avenue right off of the Southern State Parkway and the Meadowbrook Parkway.
The tenant is operating under a triple net lease with a corporate guarantee, paying $800,000 annually. The tenant has four more years on its current five-year option. After this expires, the lease provides for 23 additional years of options broken down between (4) (5) year options & (1) three (3) year option.
The purchase of this asset presents a phenomenal opportunity for a new owner to acquire an extremely safe investment with the world’s largest retailer. Substantial capital improvements paid for by the tenant signal a long-term commitment to this specific location. Courtesy of CBRE
Asking Price: $11,700,000
Property Type Retail Sub Type Shopping Strip
Investment Type Institutional Tenancy Multi
Net Rentable (sq ft) 114,693 Price/Sq Ft $102.01
Cap Rate 7.07% Pro-Forma Cap Rate7.62%
Occupancy 96% NOI$827,296
Pro-Forma NOI$891,344 Year Built 1988
Lot Size (acres)10.42 Ownership Fee Simple
Courtesy of Institutional Property Advisors
Asking Price: $4,920,000
Investment Type Value Add Class B
Tenancy Multi Number of Tenants 12
Net Rentable (sq ft) 91,627 Price/Sq Ft$53.70
Cap Rate 8.50% Occupancy 74% Units 20
NOI $418,070 Year Built 1977 Buildings 1
Year Renovated multiple renovations
Stories 1 Zoning C-2 (Commercial General)
Lot Size (acres) 10.8 Parking (spaces) 428
Ground Lease opportunity with Costco Wholesale, a 12.97 acre property with 18 premium discounted gas pumps and a +/- 150,000-sqftretail building located in Oceanside, New York. Costco Oceanside has excellent nearby demographics with a dense, wealthy population base. Within a 5-mile radius of the site there are approximately 341,258 residents living in 120,617 houses. The surrounding area has a high average household income of $125,389 within a 5-mile radius. This Costco will draw customers from Oceanside, with a population of 32,109, as well as Freeport, a town with 43,713 residents to the east, and 53,891 residents from Hempstead to the north. The site is also within a few miles of East Atlantic Beach, Long Beach, and Jones Beach, a 6.5-mile stretch known as one of the most popular and heavily visited beaches on the East Coast, with an estimated six million visitors per year. The surrounding area has become a retail destination for nearby residents with many major national tenants including Bed, Bath & Beyond, Kohl’s, Staples, Trader Joe’s, Stop & Shop, Nike Factory Store, Victoria’s Secret, GAP, Express and Marshall's, all within one mile of the site.
Courtesy of Landmark Real Estate Company
Asking Price: $3,928,571
Property Type Retail Investment Type Net Lease
Lease Type NN Tenant Credit Corporate Guarantee
Tenancy Single Rent 05/28/2015 - 05/27/2025
Remaining Term 5.5 years Net Rentable (sq ft) 5,500
Price/Sq Ft $714.29 Cap Rate 7.00% Occupancy 100%
NOI $275,000 Year Built 2015 Buildings 1
Lot Size (acres) 0.85 Lease Options2, 5-Year Options
Rent Bumps 10% rent increase in May 2020
Ownership Fee Simple Courtesy of Horvath & Tremblay
Asking Price: $3,074,363
Property Type Retail
Lease Type NNN Tenancy Multi
Number of Tenants 3
Square Footage 7,355
Price/Sq Ft $418
Cap Rate 8.00% NOI $245,949
Located within Albany MSA – The Capital District
Courtesy of The Boulder Group
Asking Price: $44,005,000
Property Type Retail Tenant Credit Corporate Guarantee, Credit Rated Tenancy Multi Square Footage 110,013 Price/Sq Ft $400
Pro-Forma Cap Rate 4.50%Occupancy 100% Pro-Forma NOI $1,980,233 Year Built 1980 Year Renovated 2019 Buildings 1
Zoning C1 – Limited Commercial Lot Size (acres) 7.58 Parking (spaces) 1,123 Courtesy of CBRE
Investment Highlights
Asking Price:$20,450,000
Property Type Retail Investment Type Net Lease
Lease Type NNN Tenant Credit Franchisee
Tenancy Multi Number of Tenants 5
Square Footage 70,833 Price/Sq Ft $288.71
Cap Rate 6.90% Occupancy 100%
NOI $1,410,840 Units 5
Year Built 1999
Buildings 2 Stories 1
Lot Size (acres) 16.29 Parking (spaces) 344
Rent Bumps Yes
Lease Options 12-5 Year Options
Ground LeaseYes Ground Lease Expiration 10/02/2033
Ownership Fee Simple Courtesy of Marcus Millichap
Retail Community Center Investment Type Value Add
Tenancy Multi Number of Tenants 16 Square Footage 244,787 Occupancy 96.25% NOI $1,928,676 Year Built 2008 Year Renovated 2017
Zoning 00-Commercial Lot Size (acres) 28.8 Parking (spaces) 1,306
Towne Center at Batavia_Market Aerial Towne Center at Batavia_Property Aerial Courtesy of SRS Real Estate Partners
* Premier Tenant Net Lease * Below Replacement Cost
Buffalo Niagara International Airport - Dynamic Demographics
OFFERING PRICE $7,703,000 NOI $527,666 CAP RATE 6.85%
TERM REMAINING ±10.4 Years RENT INCREASES $1.00/SF every 5 years BUILDING SIZE 45,925 SF LAND AREA 4.20 Acres PARKING SPACES 269 Spaces TRAFFIC COUNTS Transit Road: By CBRE
820 State Route 9, Queensbury, NY 12804
Asking Price: Unpriced Property Type Retail - Community Center
Investment Type Value Add
Square Footage 192,157 Occupancy 87.21%
NOI $1,438,200 Year Built 1964 Renovated 1993, 2014 & 2015
Zoning CI (Commercial Intensive)
Lot Size (acres)20.74 Parking (spaces)972
Courtesy of SRS Real Estate Partners
Asking Price:Unpriced 221-231 Wade Rd Extension, Latham, NY 12110 Property Type Retail Sub Type Community Center Tenancy Multi
Square Footage 148,091 Occupancy 98.97% NOI $1,584,824 Year Built 2004 Year Renovated 2019 Zoning 16- Mixed Use HCOR Lot Size (acres) 23.78 LEE GROUP is pleased to offer Northway Plaza - a market-leading community center shadow-anchored by The Home Depot and anchored by Hobby Lobby, and T.J. Maxx - with a “main and main“ location in Queensbury, NY. Northway Plaza is advantageously anchored by coveted, credit retailers – T.J.Maxx and Hobby Lobby – with nearly 6 years of aggregate anchor lease term remaining. T.J.Maxx continues to report phenomenal company-wide sales growth while Hobby Lobby’s expansion plan maintains its rapid trajectory with 65 new stores planned for the company in 2019 on the heels of 56 new stores opened in 2018. Bolstered by an adjacent Home Depot shadow-anchor component, the Property boasts an 88% national tenant roster complimented by a synergistic mix of retail, service providers and national restaurants like Chipotle, Panera Bread and Texas Roadhouse (NAP). Additionally, Change Healthcare, which has expanded twice at the Property and just filed its highly-anticipated IPO, provides a built-in consumer base on-site which notably benefits all tenants at Northway Plaza.
Northway Plaza boasts an ideal market position at the signalized intersection of Lake George Rd (US-9) and Aviation Rd (NY-254), with a combined traffic count of 39,764 VPD. US-9 runs north and south from Laurel, DE to Champlain, NY, paralleling I-87, while Aviation Rd (NY-254) runs east and west through the hearts of Queensbury and Glens Falls. The intersection of the roads in front of Northway Plaza serves as the region’s retail nucleus - home to Walmart, Lowe’s, Target, Dick’s, Aldi, Price Chopper, Petco, Hannaford, Regal Cinemas, Price Rite, Tractor Supply, Dollar Tree and more.Located in the foothills of the Adirondack Mountains, roughly 50 miles north of Albany and 7 miles south of the Village of Lake George; Queensbury serves as a popular tourist destination due to its recreational opportunities and myriad family entertainment. Situated in Upstate New York, just west of the Vermont border, the city is part of the Glens Falls, NY MSA. It is home to SUNY Plattsburgh’s Queensbury Campus, SUNY Adirondack, Six Flags’ The Great Escape & Splashwater Kingdom, and West Mountain – a ski resort located in southwest Queensbury. In addition to tourism, Queensbury’s economic engine runs on a notable manufacturing industry with a concentration in the production of medical devices and healthcare technology. Courtesy of SRS Real Estate
Asking Price: $1,247,500
Property Type Retail Investment Type Net Lease Lease Type NN
Tenancy Single Lease Expiration 10/31/2024 Remaining Term 4.9 years
Square Footage 4,112 Price/Sq Ft $303.38 Cap Rate 8.00% NOI $99,825
Year Renovated 2014 Stories 1 Lot Size (acres) 44 Ground Lease No
Vitamin Shoppe has a long and successful history at this location strategically located next to the 880,000 Sq. Ft. Sangertown Square Mall. After an initial 10 year option and exercising their first renewal Vitamin Shoppe has elected as of April of 2019 to extend for their second renewal through Oct. 31 2024. By :Silber Properties
Asking Price: $4,340,571
Investment Type Net Lease Lease Type NN Tenancy Single
Rent 12/01/1998 - 07/31/2028 Remaining Term8.7 years
Square Footage 24,000 Price/Sq Ft $180.86 Cap Rate 7.00%
Occupancy 100% NOI $303,840 Year Built 1997 Building 1
Stories 1 Lot Size (acres) 2.64 Parking (spaces) 126
Rent Bumps $0.75/SF at each option APN 1240104000304
Lease Options 2 - 5 Year Options
Ownership Fee Simple Courtesy of CBRE
Asking Price: Unpriced
Property Type Retail Sub Type Community Center Tenancy Multi Square Footage 148,091 Occupancy 98.97% NOI $1,584,824
Year Built 2004 Year Renovated 2019 Zoning16- Mixed Use HCOR Lot Size (acres)23.78
We're pleased to offer Latham Center - a community center shadow-anchored by Target and anchored by T.J.Maxx, Michaels and Ulta - located in Albany, New York. Latham Center has benefited from significant, recent leasing momentum with new, 10-year anchor leases with Ulta and Michaels, as well as a lease with Nationwide Insurance – all in 2018. Additionally, a former Babies “R” Us box, which reverted back to ownership, is currently pending two national credit anchor back-fill tenants, projecting 10-year leases. Furthermore, T.J. Maxx just exercised an early renewal option, carrying its term through September 2025.
In addition to strong, growing national anchors, which have shown their endurance throughout the economic downturn and rise of internet competition; Latham Retail Center is home to a solid mix of internet-resistant shop users. A blend of service-oriented tenants, including dental, insurance and hair styling, as well as national restaurant draws – Carrabba’s and Ruby Tuesday – compliment the stable anchor mix with highly internet-resistant retail uses.
The Property includes two valuable, national outparcels on ground leases: Carrabba’s Italian Grill and Ruby Tuesday. Well-positioned along Troy Schenectady Rd (NY-7) with 35,771 VPD, the outparcels are strategically situated between Quality Inn & Suites and TownePlace Suites Marriott, which provide an excellent source of built-in consumers adjacent to the Property. Buyers have the future option, after purchasing the Property, to spin off Ruby Tuesday and Carrabba’s at a highly attractive cap rate while reducing equity exposure in the Property. Courtesy of SRS Investment Properties Group
Asking Price: Unpriced - Best Offer
NOI: $4,134,375 SIZE: 126,460 SF TOTAL LAND AREA: 11.2 Acres
LEASE START DATE: 6/1/2001 - 1/31/2032 By: NKF
OPTIONS: Thirteen (13) Five (5) Year LEASE TYPE: NNN
Property Type Retail Square Footage 126,460 NOI $4,134,375
Highly Educated Population with Close Proximity to Harvard & MIT
Asking Price: $5,250,000
Property Type Retail Sub Type Grocery Anchored Tenancy Multi
Square Footage 75,506 Price/Sq Ft $69.53 Cap Rate 9.00%
Occupancy 90% NOI $472,312 Units16 Year Built 1989 Renovated 1999
Buildings 2 Stories 1 Lot Size (acres) 9.22 Ownership Fee Simple
Asking Price: Unpriced
Property Type Retail, Multifamily Class A Lease Type NNN Tenant Credit Credit Rated Lease Term 20.1 years
Lease Commencement 09/04/2015 Lease Expiration 09/30/2035 Remaining Term 15.8 years Square Footage 71,805
Units 253 Year Built 2015 Lot Size (acres) 1.87 Parking (spaces) 183 Lease Options Eight 5-Year Options Courtesy of CBRE
We are proud to present the opportunity to acquire a 16.4-year single tenant Giant Food asset located within a 66,805 SF ground floor retail condominium in the Notch 8 mixed-use development. In addition to the retail component, Notch 8 contains 253 Class A multifamily units, and is situated just minutes from Washington, DC in the Potomac Yards submarket of Alexandria, VA. Giant’s NNN lease features a 15% increase in year 10 and 7.5% increases in each of the eight 5-year options. Giant Foods has 164 grocery stores and 154 full service pharmacies. The grocer is a subsidary of Ahold Delaize N.V. (S&P: BBB; Moody’s: Baa1).
The Potomac Yard submarket is poised to capitalize upon a combination of once-in-a- lifetime events in the trade area including the new Amazon HQ2 and Virginia Tech Innovation Campus. * Amazon HQ2 * $1B Virginia Tech Innovation Campus * Future Potomac Yard Metro Station
Asking Price: $14,991,500
Property Type Retail Sub Type Health Club Investment Type Net Lease Lease Type NN Square Footage 48,000 Price/Sq Ft $312.32
Cap Rate 7.00% NOI $1,049,400 Year Built 1992 Year Renovated 2014
Lease Options (3) Five-Year Ownership Retail Condo-Marcus & Millichap
Asking Price: Unpriced
Property Type Retail
Square Footage 112,274
Year Built 2008 Buildings 5 Lot Size (acres) 14.99
Courtesy of JLL
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
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in a two-tenant, net-leased property attached to the Gulf View Square Mall in Port Richey, Florida (the “Property”). The Property is set on its own, separate, tax parcel that includes both the building and adjacent parking lot. The two tenants, TJ Maxx and Best Buy, are both investment grade credit tenants with 2+ years remaining on their lease terms. Both leases are fully guaranteed by the corporate parents, TJX Companies (NYSE: TJX) and Best Buy Co., Inc (NYSE: BBY).
Gulf View Square is an enclosed mall adjacent to Route 19 in Port Richey, Florida. The Property being offered for sale was built in 2004 when the original Dillard’s department store location was demolished following their relocation in the mall. Originally developed by the Edward J. DeBartolo Corporation in 1980, the mall is currently anchored by TJ Maxx, Best Buy, Dillard's, Sears and Ulta Beauty. Additional notable retailers include Starbuck’s, Subway, Bath & Body Works, GNC, Dollar Plus, Hollister, Rue 21 and Kay Jewelers as well as six outparcels including a stand-alone Chipotle, Taco Bell, Sprint Store, Panera Bread, Verizon Wireless Store and a BB&T Bank. Additional prominent retailers in the trade area include Walmart, Walgreens, Office Depot, Burlington Coat Factory, Toys R Us, Bealls Department Store, Bed Bath & Beyond, Michaels, Petco, Ross Dress for Less, Party City, Longhorn Steakhouse, Chili’s Grill & Bar, Olive Garden, Jimmy John’s, Steak ‘n Shake, Bob Evans and a Cinema 6 Movie Theater.
Port Richey is a city in Pasco County on the Gulf Coast of Florida. It is a suburban city included in the Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area (the “MSA”) which has an estimated population of 3 million people as of January 2017.
Asking Price: $8,891,000
Property Type Retail Tenant Credit Credit Rated
Tenancy Multi Square Footage 60,010 Price/Sq Ft $148.16
Cap Rate 7.15% NOI $635,718 Year Built 1997 Year Renovated 2016
Lot Size (acres) 7.28 Parking (spaces) 299
APN 06-28-16-65624-000-0010, 06-28-16-65624-000-0050 -Matthews
Asking Price: $15,000,000
Property Type Mixed Use, Retail, Office, Medical Office
Investment Type Value Add Class A
Square Footage 42,491Cap Rate 6.27% Occupancy 92.7% NOI $940,000
Year Built 1985 Year Renovated 2018 Lot Size (acres)3.27 by JLL
Asking Price: $17,000,000 Earnest Money Deposit:$300,000 min.
Property Type Retail Sub Type Shadow Anchored Investment Type Stabilized Class B Lease Type Gross Tenant Credit Credit Rated Tenancy Multi
Number of Tenants16 Square Footage 800 - 3,000 Net Rentable (sq ft) 28,885 Cap Rate 6.60% Pro-Forma Cap Rate 6.74% Occupancy 92%
Occupancy Date 10/01/2019 NOI $1,122,473 Pro-Forma NOI $1,144,961 Units 19 Year Built 2001 Buildings 2 Stories 2 Zoning CG Lot Size (sq ft) 87,000
Parking (per 1,000 sq ft)3.5 Gas Pumps 12 APN 1911060040000 Lease Options Yes Ground Lease Yes Ground Lease Expiration 12/01/2074
Ground Lease Remaining 54 Ownership Ground Lease
Marketing Description
Shadow Anchored retail center in high growth West Oahu location. Starbucks, Jamba Juice, Texaco, Anytime Fitness. 31,000 vehicles per day on adjacent Farrington Highway. $101,000 average household income in 1 mile radius. Good mix of National Credit Tenants and local tenants. Kapolei and Ewa Beach are the epicenter of residential growth on the island of Oahu. The center is in close proximity to Ko Olina Resort, Disney Hawaii, and the new Atlantis resort currently under construction. Courtesy of Colliers Internatio
Asking Price: $1,645,000
Property Type Retail Investment Type Net Lease Lease Type Absolute NNN Tenant Credit Credit Rated Tenancy Single Lease Expiration 11/30/2027
Remaining Term 8 years Square Footage 2,385 Price/Sq Ft $689.73 Cap Rate 5.50%NOI $90,470 Year Renovated 2012
Rent Bumps9% Every Five Years Lease Options 4 x 5 Years
JLL is pleased to offer for sale the fee-simple interest in a freestanding, single-tenant 7-Eleven convenience store (the “Property”) located in Bradley Beach, New Jersey. 7-Eleven, Inc. (the “Tenant”) is the world’s largest convenience store chain with over 68,000 locations worldwide. The Property is the only food retailer in the Bradley Beach township and essential to the local market.
Located along the township’s main retail drag six blocks from the Jersey Shore coastline, the Property captures sales from beachgoers and township residents alike. The Property’s location along major bus routes and adjacent to the historic Bradley Beach Train Station ensures heavy foot traffic in the area. A part of Monmouth County, Bradley Beach represents a strong retail market. With over 8 years remaining on a triple net (“NNN”) lease, nine percent increases every five years, and four, five-year options for renewal, investors will secure appreciating, long-term cash flows from an established tenant.
Asking Price: $1,840,000
Lease Type NN Tenancy Single Lease Expiration 10/31/2029
Remaining Term 9.9 years Square Footage 2,940 Price/Sq Ft $625.85 Cap Rate 5.00% NOI $92,000 Units 1 Courtesy of CBRE
Asking Price: Unpriced
Property Type Retail Tenancy SingleSquare Footage 2,600
Zoning HC (Highway Commercial)
Lot Size (acres)0.3 - Metro Commercial
Asking Price: $1,645,000
Property Type Retail Investment Type Net Lease Lease Type Absolute NNN Tenant Credit Credit Rated Tenancy Single Lease Expiration 11/30/2027
Remaining Term 8 years Square Footage 2,385 Price/Sq Ft $689.73 Cap Rate 5.50%NOI $90,470 Year Renovated 2012
Rent Bumps 9% Every Five Years Lease Options 4 x 5 Years
JLL is pleased to offer for sale the fee-simple interest in a freestanding, single-tenant 7-Eleven convenience store (the “Property”) located in Bradley Beach, New Jersey. 7-Eleven, Inc. (the “Tenant”) is the world’s largest convenience store chain with over 68,000 locations worldwide. The Property is the only food retailer in the Bradley Beach township and essential to the local market.
Located along the township’s main retail drag six blocks from the Jersey Shore coastline, the Property captures sales from beachgoers and township residents alike. The Property’s location along major bus routes and adjacent to the historic Bradley Beach Train Station ensures heavy foot traffic in the area. A part of Monmouth County, Bradley Beach represents a strong retail market. With over 8 years remaining on a triple net (“NNN”) lease, nine percent increases every five years, and four, five-year options for renewal, investors will secure appreciating, long-term cash flows from an established tenant.
Asking Price: $1,015,385
Property Type Retail Lease Type NNN
Tenant Credi t Corporate Guarantee Tenancy Single
Lease Commencement 06/30/0012
Square Footage 2,851 Price/Sq Ft $356.15 Cap Rate 6.50%
NOI $66,000 Year Built 1987 Stories 1 Lot Size (acres) 0.76
Lease Options Four (4) Five (5) Year Options
Ownership Fee Simple Coutesy of Metthews
Asking Price: $1,950,000
Lease Type NNN Tenant Credit Credit Rated Tenancy Single
Lease Term 20 years Lease 06/01/1999- 05/31/2024
Remaining Term 4.5 years Square Footage 2,940 Price/Sq Ft $663.27
Cap Rate 5.38% NOI $104,935.20 Year Built 1999 Lot Size (acres)1.04
Ground Lease Yes Ownership Fee Simple
Courtesy of The Feazell Commercial Group
Asking Price: $1,450,000
Property Type Retail Lease Type Absolute NNN Tenant Credit Credit Rated, Corporate GuaranteeTenancy Single Square Footage 3,180
Price/Sq Ft $455.97 Year Built 2001 Lot Size (acres) 0.84 Ownership Fee Simple
We're pleased to present for sale the 7-Eleven Gas Station and Convenience Store Reposition or Development Opportunity on US Route 6 (GAR Highway) in Somerset, Massachusetts. The offering is a 3,180 square foot singletenant, free standing building on approximately 0.84 acres that was built in 2001. The 7-Eleven is not operational, however, the tenant is paying an annual rent of $195,800 through June 2020. There is a possibility to work with 7-Eleven on a buyout of the Lease. The Lease* is absolute net with all taxes, insurance, utilities, operating costs, and responsibility for interior and exterior on the Tenant. This is a fee simple transaction with land and improvements, as opposed to a ground lease sale, which is common with convenience store net leased sales. The Offering represents an opportunity to reposition the building as a convenience store or to capitalize on the area’s strong demographics and proximity to highway access with new commercial development. The Property’s location is poised to be a destination area for the local residents and is only 4 miles from Fall River, Massachusetts and 14 miles southeast of Providence, Rhode Island. The population within a five-mile radius is over 137,000 residents with average incomes nearly $70,000 within a one-mile radius.
Investment Highlights
Purchase Options:
Asking Price: $2,190,500
Property Type Retail Lease Type NNN Tenant Credit Credit Rated
Tenancy Single Lease Term 15 years
Lease Commencement 02/01/2019 Lease Expiration 01/31/2034
Remaining Term 14.2 years Square Footage 2,600 Price/Sq Ft $842.50
Cap Rate 5.25% NOI $115,000 Year Built 1964/1991 Renovated 2019
Lot Size (sq ft)16,030 APN 41-B – 9- - A Three 5-Year Options
Courtesy of Marcus Millichap
Asking Price: $600,000
Property Type Retail Investment Type Net Lease Type Absolute NNN
Tenant Credit Credit Rated, Corporate Guarantee
Tenancy Single Lease Term 51 years Lease 01/01/1971 - 12/31/2021
Remaining Term 2.1 years Net Rentable (sq ft) 2,640
Cap Rate 5.47% Occupancy 100% NOI $32,840
Occupancy Date 01/01/1971 Lot Size (acres) 0.39
Parking (spaces) 13 Ownership Fee Simple By:CIRE Partners
Asking Price: $1,584,000
Property Type Retail Lease Type Absolute NNN Tenant Credit Corporate Guarantee Tenancy Single
Rent Commencement 01/01/1987 Lease Expiration 11/30/2027 Remaining Term 8 years Square Footage 3,009 Price/Sq Ft $526.42
Cap Rate 5.00% NOI $79,200 Year Built 1986 Lot Size (acres) 0.27 Parking (spaces) 13 Lease Options Two (5) Year Options Ownership Fee Simple
Marcus and Millichap is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, 7-Eleven investment property located in Philadelphia, PA. The tenant has (8) years remaining in their lease term, as result of a recent six-year extension showing Tenant commitment to the space; in addition to two (5) year option periods to extend granted to Tenant. The lease features a 10% rental increase in both option periods, beginning in December 2028; steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. The lease is also corporately guaranteed by 7-Eleven, Inc., an investment grade, rated “AA-“ by Standard & Poor’s.
7-Eleven is strategically located near the signalized, hard corner intersection of Cottman Avenue & Pennway Street, averaging a combined 21,786 vehicles passing by daily. The asset is ideally positioned along the main retail thoroughfare for the Northeast Philadelphia submarket. The site sits just (1) mile from the Roosevelt Mall (432,884 SF), a popular shopping center anchored by Macy’s. Other nearby national/credit tenants in the center include: Ross, Foot Locker, Dunkin’ Donuts, & Verizon, further increasing consumer draw to the trade area. Moreover, the asset is one block from Northeast High School, one of the oldest high schools in Philadelphia, with approximately 3,000 students, providing a direct consumer base from which to draw. The 5-mile trade area is supported by a dense population of over 671,000 residents with an average household income of $60,952.
Asking Price: $4,515,000
Property Type Retail Lease Type NNN
Tenant Credit Corporate Guarantee,Credit Rated
Tenancy Single Lease Term 15 years
Lease Commencement 03/22/2019
Lease Expiration 03/31/2034 Remaining Term 14.3 years
Square Footage 3,010 Price/Sq Ft $1,500
Cap Rate 4.85% NOI $218,981 Year Built 2019 Stories 1
Lease Options Six, 5-Years Options Ownership Fee Simple -Matthews
Asking Price: $2,360,000
Property Type Retail Lease Type Net
Tenant Credit Credit Rated Tenancy Single
Lease Term 15 years Lease Commencement 01/01/2013
Lease Expiration 12/31/2027 Remaining Term 8.1 years
Square Footage 2,604 Price/Sq Ft $906.30 Cap Rate 5.50%
NOI $129,780.20 Lot Size (acres)1.18
Lease Options Three, 5-Year
Ownership Fee Simple Courtesy of The Kase Group
Asking Price: $4,200,000
Property Type Retail Investment Type Net Lease Class B Lease Type NNN Tenant Credit Credit RatedTenancy Multi Number of Tenants 3
Lease Expiration 10/28/2027 Remaining Term 7.9 years Square Footage 8,120 Net Rentable (sq ft) 8,120 Price/Sq Ft $517.24
Cap Rate 6.17% Pro-Forma Cap Rate 8.00% Occupancy 100% NOI $259,000 Pro-Forma NOI $336,000
Year Built 1992 Stories 1 Zoning AC-N Rent Bumps 10% every 5 years Ownership Fee-Simple
Coldwell Banker Commercial NRT proud the opportunity to own the amazing 7-Eleven Shopping Center between Orlando one of most active Office Business Center and Valencia College South West Campus.The property benefits from NNN leases in place with limited landlord responsibilities.
All tenants have been long term tenants and 7-Eleven recently renewed their early showing strong commitment to the location with 7 Years remaining with 3(5) years options remaining for renewals.
Asking Price: $3,016,553
Property Type Retail Investment Type Net Lease
Lease Type Absolute NNN Tenant Credit Credit Rated
Tenancy Single Lease Term 15 years
Lease Commencement 10/25/2011 Lease Expiration 10/26/2026
Remaining Term 6.9 years Square Footage 3,000 Price/Sq Ft$1,005.52
Cap Rate 4.75% Occupancy 100% Year Built 1996 Year Renovated 2012
Lot Size (acres) 1.38 Rent Bumps 3% per year
APN 04-17-30-00-00-1470 Lease Options Three (3), Five Year Periods
Asking Price: $4,283,000
Property Type Retail Investment TypeNet Lease
Lease Type Absolute NNN Tenancy Single
Tenant CreditCredit Rated, Corporate Guarantee
Lease Term 15 years Remaining Term 9.5 years
Square Footage 2,960 Price/Sq Ft $1,446.96
Cap Rate 5.30% NOI $227,016 Year Built 2002
Stories 1 Lot Size (acres)1.26
Three 5-Year Options Ownership Fee Simple
Asking Price: $2,982,000
Property Type Retail Lease TypeAbsolute NNN Tenancy Single Lease Term 15 years Square Footage 3,010 Price/Sq Ft $990.70 Units1 Year Built2019
Asking Price: $2,838,709
Property Type Retail Investment Type Net Lease
Lease Type NNN Tenancy Single Lease Term 15 years
Lease 12/31/2014-12/31/2029 Remaining Term 10.1 years
Cap Rate 4.65% NOI $132,000Lot Size (acres)0.27
Rent Bumps 10% Every 5 Years
Lease Options Three, Five-Year Options by Marcus Millichap
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