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9% 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 John Bremner at 415-234-6093.  

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.

Principals Only, Please. 

For more information, or to discuss your needs, please call John Bremner at 415-234-6093.  


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