Home NNN Retail 9% Cap Rate NNN Industrial 7.5% Cap Rate Restaurants

RESTAURANTS !!

These are some of the best single tenant NNN leased restaurant properties available.  Offered with long absolute triple net leases (10 to 20 years), strong tenants, good sales, experienced operators, guarantors, and annual rent increases.  For more information about any of these listings, or other triple net properties that meet your requirements, please call Bremner Investments at 415-234-6093.  We represent buyers only.

Principals Only, Please.

1)  Burger King - Fergus Falls MN:  $1,262,992, 6.25% Cap Rate, 17 Year Absolute NNN Lease.  Corporately guaranteed by 100 unit operator, plus personal guaranties by its principals.  Less than one mile from state community college.  Annual 1.25% increases, four 5-yr options.  Offered at $1,262,992.  

2)  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.

3)  Arby’s – Cincinnati OH:  $1,351,000, 6.25% Cap Rate, 12 Year Absolute NNN Lease.  63 Unit Franchise Guarantee.  Operated at this location along Harrison Ave (36,000 VPD) for 23 years with 190,000 within a 5 mile radius.  Recently remodeled in 2011.  7.5% rent increases every 5 years.  Offered at $1,351,000 with a 6.25% cap rate.

4)  Arby’s – Indianapolis IN:  $1,645,000, 6.2% Cap Rate, 14 Year Absolute Corporate NNN Lease.  In 2016, the tenant extended the lease for 15 years, as the site has had 7%+ sales increases.  Dense population with 235,000 within a 5 mile radius.  Located amidst national retailers such as Taco Bell, KFC, Walmart, etc.  Offered at $1,645,,000 with a 6.2% cap rate.

5)  IHOP – Richmond IN:  $2,000,000, 6.25% Cap Rate, 10 Year NNN Lease.  80 unit franchise guarantee, 8% increases every 5 years, two 5-yr options.  Located amidst national tenants – McDonalds, Cracker Barrel, Steak ‘n Shake, etc. – off Highway 40.  Lease expiration date 1/28/2028.  Offered at $2,000,000 with a 6.25% cap rate.

6)  Wendy’s – Rutland VT:  $2,042,624, 6.25% Cap Rate, 20 Year NNN Sale/Leaseback Lease.  This Wendy’s has operated since 1986 in a strong location with a low rent/sales ratio.  Located in Rutland, 3rd largest city in VT, on US Route 4..  From 2015-2016, this franchisee had a 7.4% increase in sales, the largest for Wendy’s in the Northeast.  Brand new 20 year absolute NNN lease, with 8% increases every five years.  Offered at $2,042,624 with a 6.25% cap rate.

7)  Slim Chickens – Tyler TX (No Tax State):  $2,052,000, 6.7% Cap Rate, 15 Year NN Lease.  New construction (2016) of Slim Chickens for growing franchisee with personal guarantee of the lease, and strong sales. Prominent retail location next door to Panda Express and near other retailers.  Offered at $2,052,000 with a 6.7% cap rate.

8)  Applebee’s – Columbia SC:  $2,081,800, 6.75% Cap Rate, 15 Year Absolute NNN Lease.  1.75% rent annual rent increases, four 5-yr options.  Lease is guaranteed by 57 unit franchisee, Green Apple LLC (which is owned by Apple Gold Group, with 130+ locations).  15 years remaining on absolute NNN lease.  Strong location with dense population of 208,000+ within a 5 mile radius, surrounded by national retailers.  Offered at $2,081,800 with a 6.75% cap rate.

9)  IHOP – Lancaster OH:  $2,160,000, 6.25 % Cap Rate, 12 Year Absolute NNN Lease.  Guaranteed by 80 unit franchisee, there are 12 years remaining on 20 year lease, with 7.5% rent increase every 5 years, and two 5-yr options.  Strong sales performance location with healthy rent/sales ratio and growing sales.  Offered at $2,160,000 with a 6.25% cap rate.

10)  Wendy’s – Saint Augustine FL (No Tax State):  $2,187,680, 6.25% Cap Rate, 10 Year Absolute NNN Lease.  Lease guaranteed by Wen South LLC, with more than 180 units throughout eight states.  10% rent increases every 5 years, with four 5-yr options.  Located directly off US Hwy 1 along the east coast.  Out parcel to Anchored Center.  Offered at $2,187,680 with a 6.25% cap rate.

11)  Ruby Tuesday – Beaufort SC:  $2,225,000, 6.65% Cap Rate, 10 Year Corporate NNN Lease.
  10 years+ remaining on absolute NNN lease, guaranteed by Ruby Tuesday Inc. (NYSE: RT), with 2% annual increases, and four 5-yr options.  Located on State Highway 170, the main thoroughfare in/out of Beaufort, with other nearby national tenants.  Offered at $2,225,000 with a 6.65% cap rate.

12)  Applebee’s – Fargo ND:  $2,270,400, 6.25% Cap Rate, 15 Year Absolute NNN Lease.  Lease is guaranteed by Apple Core Enterprises, a franchisee with 24 Applebee’s locations in ND, CA, MN and AZ.  The lease provides for 7.5% rent increases every 5 years, and two 5-yr options.  Current rent is 30% below average rents for Applebee’s adding long term security.  Strong sales and rent/sales ratio.  Strong demographics with 166,000+ within a 5 mile radius.  Offered at $2,270,400 with a 6.25% cap rate.

13)  IHOP – Memphis TN (No Tax State):  $2,400,000, 6.25% Cap Rate, 10 Year Absolute Corporate NNN Lease.  Tenant/Guarantor is IHOP, DineEquity Inc. (NYSE:  DIN), with $650M in revenues.  Tenant recently executed a 10 Year extension, with 10% every 5 years, and three 5-yr options.  IHOP has been here since 1998, located just off I-240 with over 168,000 vehicles per day.  Offered at $2,400,000 with a 6.25% cap rate.

14)  Bojangles – Bowling Green KY:  $2,611,000, 6.25% Cap Rate, 15 Year Absolute NNN Lease.  Bojangles is a 40 year old restaurant brand with over 700 locations in 12 states, publicly traded (NASDAQ:  BOJA), with 25 consecutive quarters of comparable store sales growth.  This property is newly built (2016) and leased by BOJ of WNC and BOJ of TN LLC, franchise groups that own and operate over 50 locations in North and South Carolina, Georgia and Kentucky, and have been in operation since 2001.  Rent increases 7% every 5 years, with three 5-yr options.  Offered at $2,611,000 with a 6.25% cap rate.

15)  Applebee’s – Rapid City SD (No Tax State):  $2,998,125, 6.5% Cap Rate, 20 Year Absolute NNN Lease.  Lease is guaranteed by the Porter Apple Company with 8 locations in SD, IA and NE, with rent increases every 5 years and four 5-yr options.  Strong demographics with 100,000+ within 5 mile radius.  Located one half block from I-90, in a dense retail area with Kohl’s, Lowe’s, Pier 1, etc.  Offered at $2,998,125 with a 6.5% cap rate.

16)  Slim Chickens – North Richland Hills TX (No Tax State):  $3,053,846, 6.5% Cap Rate, 20 Year Absolute NNN Lease.  New construction (2016) with 20 year NNN lease, multi-unit operator with development rights to Fort Worth.  10% rent increases with four 5-yr options.  Located in front of Walmart Center, with high traffic counts, and dense population with 230,000+ within 5 mile radius.  Offered at $3,053,846 with a 6.5% cap rate.

17)  Hooters – Portage IN:  $3,360,000, 6.25% Cap Rate, 20 Year 20 Year Corporate Absolute NNN Lease.  Hooters’ Corporate Guarantee of the lease, which has 8.5% rent increases every 5 years.  Hooters of America (HOA Holdco LLC) has over 460 Hooters locations in 44 states.  Offered at $3,360,000 with a 6.25% cap rate.

18)  Raising Cane’s – Charleston SC:  $3,942,857, 7.0% Cap Rate, 17 Year Absolute NNN Lease.  Lease is guaranteed by 13 unit Raising Cane’s franchisee, with 5% rent increases every 5 years, and four 5-yr options.  Prime location with 45,000+ VPD, amidst dominant retail corridor with over 1 Million Square Feet of Retail within 3 miles.  Offered at $3,942,857 with a 7.0% cap rate.

19)  Applebee’s – Jacksonville FL (No Tax State):  $4,172,769, 6.5% Cap Rate, 10 Year Absolute NNN Lease.  10 Year lease with 1.5% annual increases and four 5-yr options.  Ideally located with access and visibility on a hard corner at a signalized intersection with a traffic count of 92,500 VPD.  Offered at $4,172,769 with a 6.5% cap rate.

20)  Charleston’s – Broken Arrow OK:  $5,000,000, 6.5% Cap Rate, 20 Year Absolute NNN Lease.  Brand new 20 year lease guaranteed by Charleston’s Corporate which owns and operates 15 units (all 15 units will be in the guarantee).  Full financials are available.  Rent/Sales ratio is below 8% and sales are trending up.  The lease provides for 8% rent increases every 5 years.  Strong demographics, with 146,000+ population and $72,500 median income within 5 mile radius.  Offered at $5,000,000 with a 6.5% cap rate.

Principals Only, Please

For more information, call Bremner Investments, 415-234-6093



 

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