Single Tenant NNN Retail Properties
These are some of the better single tenant NNN leased retail properties available. For more information about any of these listings, or other triple net properties though out the US, or to find a property that meets your requirements, please call John Bremner at 415-234-6093.
Principals Only, Please.
1) Dollar General & Family Dollar Stores: $1M - $2M+, 6.25%-6.75% Cap Rate,15 Year Absolute Corporate NNN Lease. Investment Grade (S&P Rated BBB-) Tenants, New Construction, Quality Locations with good demographics. Call to discuss availability.
2) Walgreens & CVS Properties: $3,000,000 - $10,000,000; 6.0%-6.5% Cap, 15 Year NNN Corporate Lease. WAG & CVS stores have investment grade tenants, with quality locations and good demographics throughout the US. Call to discuss availability.
3) Jiffy Lube - Jacksonville FL: $1,080,000, 6.65% Cap Rate, 10 Year Absolute NNN Lease. New 10 year extension for operator with 30 year operating history. Largest Jiffy Lube Franchisee in the US with 540+ locations. Population density of 125,000+ within 5 mile radius, 43,000+ VPD. Offered at $1,080,000 with a 6.65% cap rate.
4) Sonic Drive-In - Middleton WI: $1,338,000, 6.5% Cap Rate, New 20 Year Absolute NNN Lease. Long term lease with 1.75% annual rent increases starting in year 6. Signalized hard corner intersection located within a major retail corridor. Strong demographics with 334,000 within a 5 mile radius, with an average household income of $81,000+. Offered at $1,338,000 with a 6.5% cap rate.
5) Main Street Urgent Care - Moody AL: $1,511,000, 7.5% Cap Rate, 10 Year NNN Lease. Newly built in 2016 to service a growing medical urgent care facility. Strong location with 55,000+ VPD. 10% rent increases every 5 years, with four 5-yr options. Offered at $1,511,000 with a 7.5% cap rate.
6) Maaco Collision Repair - Montgomeryville PA, $1,764,204, 6.85% Cap Rate, 20 Year Absolute NNN Lease. Sale-Leaseback with four 5-yr options and 7.5% rent increases. Franchisee guarantor with four units. Located off Bethlehem Pike, a main road serving northern Philadelphia suburbs. The property is located within a dense retail corridor within walking distance. Offered at $1,764,204 with a 6.85% cap rate.
7) PLS Check Cashers - Cincinnati OH: $1,955,000, 7.25% Cap Rate, 15 Year Corporate NNN Lease. PLS Financial Services manages more than 300 locations in 11 states, with over 3000 employees, and is one of the largest and fastest growing companies in the check cashing business. Located in a dense commercial and residential areas of Cincinnati with a population of 127,000+ within a 3 mile radius. The new 15 year NNN lease provides 10% rent increases every 5 years. Offered at $1,995,000 with a 7.25% cap rate
8) The Goddard School - Indianapolis IN: $2,016,000, 7.25% Cap Rate, 15 Year NN Lease. Te tenant recently extended its lease with a 15 year extension, showing commitment to this site, with two more 5-yr options. 10% rent increases every 5 years. Strong location with a 5 mile population of 143,000+ with an average household income of $107,000. Offered at $2,016,000 with a 7.25% cap rate.
9) Bojangles' - Franklin KY: $2,235,000, 6.5% Cap Rate, 13 Year NNN Lease. Operated by one of the largest and most successful franchisees with over 50 units in 5 states. Bojangles is a rapidly growing fast-casual brand with over 690 locations. Bojangles is publicly traded (Nasdaq: BOJA). The lease provides for 7% increases every 5 years and 3 5-yr options. Offered at $2,235,000 with a 6.5% cap rate.
10) Aspen Dental - Arnold MO: $2,424,000, 6.5% Cap Rate, 10 Year NN Lease (w/roof and building warranties). Brand new construction with corporate guarantee of the lease, with 8% increases every option period. Aspen Dental has over 600 locations in 36 states, and is one of the top five largest private dental providers in the country. Located on Interstate 55 with entrance and exit high traffic location. Strong demographics, with over 142,000 within 5 mile radius. Offered at $2,424,000 with a 6.5% cap rate.
11) Ruby Tuesday - Jacksonville FL: $2,590,000, 6.9% Cap Rate, 10 Year NNN Lease. This is a corporate guaranteed, absolute NNN investment. Ruby Tuesday is listed (NYSE: RT), with over 10 years remaining on the lease with four 5-yr options. The lease provides for 2% annual increases. The tenant recently completed an extensive renovation in December 2016 at their own expense. Strong population, 180,000+ within 5 mile radius, and location, amidst national retail tenants. Offered at $2,590,000 with a 6.9% cap rate.
12) Perkins Restaurant and Bakery - Leesburg (Orlando) FL: $2,650,523, 6.5% Cap Rate, 11 Year Absolute NNN Lease. Favorable lease with 2.5% annual increases. Perkins is a family oriented restaurant chain with over 400 locations in 33 locations. This site is amidst residential neighborhoods and numerous schools within a 5 mile radius. Adjacent to Highway 27 with 27,748 VPD. Offered at $2,650,523 with a 6.5% cap rate.
13) Planet Fitness - La Grange, GA: $2,916,666, 7.2% Cap Rate, 12 Year NNN Lease. This property underwent a full remodel completed in December 2014. Upon closing, the tenant will sign a new 12 year NNN lease with annual increases, and four 5-yr options. Strong tenant and lease guarantor. Located in a dense retail trade area at a transportation hub. Offered at $2,916,666 with a 7.2% cap rate.
14) MedCare Urgent Care Center - North Charleston SC: $3,449,585, 6.75% Cap Rate, 11 Year Absolute NNN Lease. MedCare provides comprehensive services, laboratory and imaging facilities. Strong financials with personal and corporate guarantee. 2% annual rent increases. Good location with 102,000 population within 5 mile radius. Offered at $3,449,585 with a 6.75% cap rate. Favorable lease with 2.5% annual increases. Perkins is a family oriented restaurant chain with over 400 locations in 33 locations.
15) The Learning Experience - Sugar Land TX: $3,555,555, 6.75% Cap Rate, 16 Year NNN Lease. The Learning Experience is a 10,000 SF school/day care with a 5,000 SF playground, leased to The Learning Experience, one of the fastest growing early education franchises. The property is under construction, and is built to suit TLE. The lease has 16 years remaining and features 10% rent increases every 5 years, with two 5-yr options. Strong location with population of 280,000+ with average household income of $125,000. Offered at $3,55,555 with a 6.75% cap rate.
16) Sportsman's Warehouse - Pueblo CO: $3,943,300, 6.75% Cap Rate, 10 Year Corporate NNN Lease. Newly built (2017) Sportsman's Warehouse, a publicly traded corporation (NYSE: SPWH), is leased by Sportsman's Warehouse with a 10 year NNN Corporate Guaranteed Lease. Good location, with a 90,000+ population within a 5 mile radius, amidst surrounding retailers including Best Buy, Kohl's, PetSmart, Sam's Club, etc., and two miles from Colorado State University. Offered at $3,943,300 with a 6.75% cap rate.
17) Applebee’s – North Charleston SC: $4,088,000, 6.5% Cap Rate, 18 Year Absolute NNN Lease. The tenant, New Apple Inc. with 41 locations, has successfully operated this location for the past 12 years, and recently executed a 15 year lease extension with zero landlord responsibilities and 7.5% rent increases every 5 years with four 5-yr options. Offered at $4,088,000 with a 6.5% cap rate.
18) Fitness Evolution - Visalia CA: $5,142,857, 7.0% Cap Rate, 15 Year Absolute NNN Lease. Newly renovated location, with tenant spending over $1M. This tenant is the largest franchisee in the company, with 52 locations guaranteeing this lease, and is a 33% owner of the Fitness Evolution corporation. Offered at $5,142,857 with a 7.0% cap rate.
19) Caliber Collision - McKinney TX: $5,499,000, 6.5% Cap Rate, 15 Year Absolute Corporate Lease. Caliber is the nation's largest non-franchised collision repair companies with more than 460+ repair centers across 18+ states, with over 3,700 employees. This is a newly built facility (2017) located approximately 30 miles north of Dallas in a trade area with a population with over 102,000+ with above average incomes, and multiple auto dealerships nearby. Offered at $5,499,000 with a 6.5% cap rate.
20) Pet Suites – Roswell GA: $5,600,000, 6.5% Cap Rate, 19 Year Absolute NNN Lease. Newly built facility operating under a 20 year NNN lease, with 3% rent increases every 3 years and three 5-yr options. The tenant is Pet Suites of America Inc. and the lease is guaranteed by its parent company, National Veterinary Associates Inc. (NVA), with 462 locations. Strong location on the dominant retail corridor. Offered at $5,600,000 with a 6.5% cap rate.
Principals Only, Please.
For more information, please call John Bremner, 415-234-6093,