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 to find a property that meets your requirements, please call John Bremner at 415-234-6093.  Principals Only, Please.

1)  Anza - US Post Office:  $1,100,000, 7.5% Cap Rate.  This is a build-to-suit 4878 SF free standing United States Post Office, double net leased through 2016, with two 5-year options with rent increases.  Offered at $1,100,000, $225 per SF, 7.5% cap rate.

2)  Manteca - T-Mobile:  $1,482,000, 8.5% Cap Rate.  This is a free standing, newly built (2008) 3060 SF retail space on a 25,000 SF lot, leased by T-Mobile on a seven year triple net  lease with six years remaining, with two 5yr options.  The rent increases by 20% in year six, and by 12% with each option period.  Offered at $1,482,000, $458 per SF, 8.5% cap rate.

3)  Antioch - Rollins Home Team (ROL):  $1,600,000, 7.6% Cap Rate.  This is an 8800 SF free standing building occupied by Rollins - Home Team Pest Defense.  Rollins is a NYSE company, (NYSE: ROL), which operates several pest control subsidiaries (Orkin, Home Team, Western Pest, etc.)  This is a corporate NNN lease, with seven years remaining, and two 5 year options.  The lease provides for a 9% rent increase after year four, and 3% annual rent increases during the options.  Located adjacent to Century Plaza Retail Center, Costco, Best Buy and Target.  Offered at $1,600,000, $182 SF, 7.6% Cap Rate.

4)  Tracy - Burger King:  $1,600,000, 15 Year NNN Lease, 6.5% Cap Rate.  This is a single tenant Burger King drive-thru restaurant located in Tracy, California. A new 15-year absolute NNN lease will be signed at close of escrow, with (4) 5-year options to renew.  The lease guarantor is an experienced multi-unit Burger King operator. This Burger King is located off Interstate 205, where traffic counts exceed 27,000 vehicles per day. The property is an outparcel to a power center anchored by Walmart.  Offered at $1,600,000, $497 per SF, 6.5% cap rate.

5)  Los Angeles - Jack In The Box:  $1,920,000, 20 Year Lease, 7.5% Cap Rate.  Recently build (2005) JITB is offered on a 20 year absolute triple net lease, with 5% increases every five years, and four 4 year options.  Signalized, hard corner location.  Tenant is an experienced multi-restaurant franchisee with 18 units.  Offered at $1,920,000, 7.5% cap rate.

6)  Watsonville - BMW/Yamaha:  $1,950,000, 10 Year Lease, 8.6% Cap Rate.  This free standing building was designed and built to accommodate the BMW/Yamaha motorcycle dealership which leases the premises pursuant to an absolute 10 year NNN lease, with 9 years remaining.  Rent increases of 4% every two years.  Personal guarantee by the business owner.  Offered at $1,950,000, $264 per SF, 8.6% Cap Rate.

7)  Sacramento - Goodwill Industries:  $2,875,000, 8.7% Cap Rate.  This is a free standing retail building leased to Goodwill Industries and operated as a Superstore.  The tenant is in the sixth year of a ten year lease, and has four 5 year options.  The lease provides for annual CPI increases during the remaining term and all option periods.  Offered at $2,875,000, $108 per SF, 8.7% cap rate.

8)  Roseville - Tahoe Joe's Restaurant:  $3,200,000, 12 Year Lease, 9.0% Cap Rate.  This property is a free standing, 7,094 SF restaurant near Interstate 80, leased by Tahoe Joe's Famous Steakhouse, pursuant to a 20 year absolute triple net lease (12 years remaining) with a 9.0% cap rate.  Tahoe Joe's is part of the Buffets, Inc. restaurant group, which currently owns and operates 532 restaurants nationwide, with annual sales in excess of $1.2B.  The lease is guaranteed by Buffets, Inc.  The lease  provides for rent increases of 2.25% per year.  The tenant is responsible for all property expenses, including roof, structure, maintenance, taxes and insurance.  There is an existing assumable loan for $1,800,000 (approximately), with interest at 5.17%, which would significantly increase an investor's total return.  Offered at $3,200,000, $451 SF, 9.0% Cap Rate.

9)  Sacramento - The Merryhill Preschool:  $3,950,000, 15 Year Lease 8.4% Cap Rate.  This preschool facility was completed in 2009, built to suit for the Nobel Learning Communities, Inc. of West Chester, Pennsylvania (NYSE: NLCI) which operates a network of 183 nonsectarian private schools in 16 states across the nation.  They lease the property under a 15 year NNN lease that expires 06/14/2024, with two 5 year options.  The lease provides for 3% annual rent increases.  Offered at $3,950,000, $371 per SF, 8.3% cap rate.

10)  El Centro - Fresenius Medical Care:  $4,400,000, 14 Year Lease, 7.5% Cap Rate.  This is a 13,000 SF dialysis center on 1.71 acres of land operated by Fresenius Medical Care (NYSE: FMS), which operates more than 2,500 dialysis clinics worldwide and is the world's largest provider of renal dialysis products and services. In 2009, Fresenius' worldwide net sales exceeded $11.2 Billion - the company carries an S&P rating of BB/Stable. In 2009, the center moved into larger facilities at this location, including investing over $2.6 Million in tenant improvements.  The triple net lease has 14 years remaining, with 3% annual increases.  Offered at $4,400,000, $338 per SF, 7.5% Cap Rate

11) Victorville - Chrysler:  $4,500,000, 20 Year NNN Lease, Corp. Guarantee, 8.5% Cap Rate.  This is a recently (2005) built Chrysler Dealership, with a new absolute triple net lease to be guaranteed by both the Chrysler dealer as well as the Chrysler Corporation (Chrysler Group Realty Company).  This is a new 20 year absolute triple net lease, with a cap rate of 8.5%, and with annual CPI increases.  Offered at $4,500,000, $105 per SF, 8.5% cap rate.

12)   Roseville - Walgreens:  $4,675,000, 8.0% Cap Rate.  This is a 15,120 SF Walgreens located on the corner of Main Street and Foothills Blvd. in Roseville, CA (with over 55,000 vehicles per day).  Walgreens has a 60 year NN lease, with increases of 10% every ten years after the initial 20 year term.  Offered at $309 per SF, 8.0% Cap Rate.

13)  Los Banos - Tractor Supply Co:  $5,333,000, 14 Year Lease, Credit Tenant, 7.5% Cap Rate.  This is a free standing 21,680 sf building on 2.36 acres of land off Highway 152, a heavily traveled east-west connection between Highways 5 & 99, built in 2009.  Tractor Supply Co. is he largest operator of retail farm and ranch stores in the United States with over 912 stores in 44 states, with revenues in excess of $3B, and a net worth of $700M.  The property is leased for fifteen years, with 14 years remaining, at a cap rate of 7.5%, with 8% increases every five years.  Offered at $5,333,000, 7.5% cap rate.

14)  Ceres - Health Club:  $6,735,000, 12 Year Lease, 8.5% Cap Rate.  Newly built 33,601 SF Health Club offered for sale/leaseback.  Twelve (12) year NNN lease, with an 8.5% cap rate, and 8% rent increases every four years.  Two 5 year options.  Strong regional chain with over 37 locations.  Offered at $6,735,000, $189 per SF, 8.5% Cap Rate.

For more information, please call John Bremner  415-234-6093.  Principals Only, Please.