7.5%- 9.0% Cap Rate NNN Properties
These are some of the better NNN properties with cap rates of 7.5% - 9.0%. For more information about any of these listings, or other triple net properties, or to find a property that meets your requirements, please call John Bremner at 415-234-6093.
Principals Only, Please.
1) Bealls Department Store - Seminole TX: $1,143,750, 8.0% Cap Rate, 10 Year Corporate NNN Lease. Proven track record at this location for over 20 years with an extremely low rent/sales ratio. In 2014, the tenant expanded their footprint by two thirds, and invested significant funds to their buildout. They signed a new lease with a 9% increase in year 11, and two 5-yr options with 8% increases. Offered at $1,143,750 with an 8.0% cap rate.
2) Aaron's - Portsmouth OH: $1,296,800, 7.75% Cap Rate, 12 Year NNN Lease. Aaron's will sign a 12 year NNN Lease, with two 5-yr options, and two percent annual rent increases. Aaron's has more than 2100 stores, with 1,326 company operated stores and 782 independently owned and operated, leasing furniture, electronics, appliances, etc. Offered at $1,296,800 with a 7.75% cap rate.
3) American Freight - Saint Peters MO: $1,400,000, 8.75% Cap Rate, 6 Year NNN Lease. American Freight Furniture and Mattress has over 140 stores throughout the US. Manufacturers turn to American Freight to provide quick liquidation of overruns, providing high quality at closeout prices. Offered at $1,400,000 with an 8.75% cap rate.
4) Main Street Urgent Care - Moody AL: $1,511,000, 7.5% Cap Rate, 10 Year Corporate NN Lease. Newly built urgent care facility for Main Street Family Urgent Care, a growing healthcare provider strategically filling voids that exist in many cities serving a population of +/- 50,000. Offered at $1,511,000 with a 7.5% cap rate.
5) Department of Health & Human Services - Sandusky MI: $1,630,000, 8.25% Cap Rate, 11 Year Net Lease. This property was built to suit for the Michigan Department of Health & Human Services, which opened in March 1988, providing services for lower income residents. MDHHS recently extended the lease for 10 more years, expiring in Dec. 2028. Government guarantee. Offered at $1,630,000 with an 8.25% cap rate.
6) Old Spaghetti Factory - Fairfield OH: $2,150,000, 8.8% Cap Rate, 10 Year Corporate NNN Lease. This is a free standing restaurant on a 50,000+ sf out-parcel of the Forest Fair Village Mall, and across the street from Home Depot, just north of I-275. 10 years remaining on absolute NNN lease, expiring in December 2027. Offered at $2,150,000 with an 8.8% cap rate.
7) Golden Corral - Plainfield IN: $2,459,358, 8.0% Cap Rate, 11 Year Absolute NNN Lease. Golden Corral is an American family-style restaurant chain, featuring a large all-you-can-eat buffet. It is a privately held company headquartered in Raleigh NC, with 500+ locations in 41 states. Eleven years remaining on NNN lease, with 9.7% increases every five years. Offered at $2,459,358 with an 8.0% cap rate.
8) Every Dog's Day - Frisco TX: $3,200,000, 7.75% Cap Rate, 10 Year NNN Lease. Sales over $1M per year for the past three years - has been in business since 2008. Business owner owns and operates multiple kennel businesses. $1 per foot rent increase every five years - going to $20 in Oct. 2018. Offered at $3,200,000 with a 7.75% cap rate.
9) Goddard School - Wappinger Falls NY: $3,500,000, 7.5% Cap Rate, 10 Year NNN Lease. Leased for 15 years from 2012, with 3% annual increases, and two 5-yr options. Newly built facility. Offered at $3,500,000 with a 7.5% cap rate.
10) Fuze Bar & Grill - Oklahoma City OK: $3,939,000, 8.25% Cap Rate, 15 Year Absolute NNN Lease. Brand new 15 year NNN lease with 3% increases every 5 years. Lease is guaranteed by Guarantor with $8M net worth. Fuze is a privately owned Asian/American restaurant with annual sales of $6M+! Located on main retail corridor amidst national retailers. Strong 17% population growth. Offered at $3,939,000 with an 8.25% cap rate.
11) Milan Institute of Cosmetology - Bakersfield CA: $4,100,000, 7.75% Cap Rate, 15 Year NNN Lease. The Milan Institute has been in business for over 30 years. Current sales exceed $47M with little debt. Located next to the remodeled and expanding Adventist Hospital. Below replacement cost. Offered at $4,100,000 with a 7.75% cap rate.
12) Golden Corral - Springfield MO: $4,200,000, 8.5% Cap Rate, 10 Year Absolute NNN Lease. This Golden Corral is located on a busy retail corridor with easy access to I-44 and Route 13, amidst national retailers like Walmart, McDonalds, Sprint, IHOP, Staples, etc. Lease provides for 10% rent increases every 5 years, and in the options. Offered at $4,200,000 with an 8.5% cap rate.
Principals Only, Please
For More Information, Please Call John Bremner, 415-234-6093