Bremner Real Estate - Single Tenant NNN Retail Properties

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) Sacramento - Aaron Rents: $1,400,000, 7.7% Cap Rate. This is a 7500 SF free standing newly constructed building with a 10 year corporate NNN lease to Aaron Rents (NYSE Listed) with two 5 year options. 5% increase every five years. Offered at $1,400,000, $186 SF, 7.7% Cap Rate.

2) Perris - Burger King: $1,400,000, 20 Year Lease, 8.0%. Under construction for a multi-unit BK franchisee (to be completed by December), with a new 20 year lease to begin then, with 10% increases every five years. Offered at $1,400,000, $500 per SF, 8.0% cap rate.

3) Concord - Auto Care 2000: $1,500,000, 8.0% Cap Rate. This is a free standing oil changer and auto service facility with a 25 year absolute NNN lease, with 3% annual increases, and a personal guarantee. Tenant/Operator has 20+ years local operating experience. Offered at $1,500,000, $511 SF, 8% Cap Rate.

4) 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.

5) Fresno - AT&T: $1,600,000, 9.0% Cap Rate. This is a 3700 SF free standing building built in 2008, located on a heavily traveled street (Tulare St.) near Highway 41. The building is leased to AT&T Mobility, a wholly owned subsidiary of AT&T, for five years (10/08 - 10/13) on an absolute triple net basis with two 5 year options with 10% rent increases. Offered at $1,600,000, $433 SF, 9.0% cap rate.

6) Palmdale - Denny's: $1,970,000, 17 Year Lease, 7.9% Cap Rate. This is an absolute NNN lease to a Denny's Restaurant multi-franchisee, with 7% increases every five years, with 17+ years remaining on original 20 year lease. There are two 5-year options. Built in 2002, the building is approximately 4,149 SF, on a 26,502 SF lot. Offered at $1,970,000, $475 per SF, 7.9% cap rate.

7) Modesto - Smart & Final: $2,150,000, 7.6% Cap Rate. This is a free standing building located on a dominant commuter route in Modesto, with Smart & Final (S&P B-/Stable) signed to a fifteen (15) year initial NNN lease (10 years remaining) with CPI increases every five years. Priced below replacement cost at $133 SF. Offered at $2,150,000, $133 SF, 7.6% 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) San Luis Obispo - Applebee's: $3,200,000, 8.5% Cap Rate. A rare opportunity to purchase a solid tenant in a highly desirable coastal market with a 20 year Absolute NNN lease, which commenced on 1/1/07. There are rent increases every five years (8%, 9%, 10%), with four 5 year options. Offered at $3,200,000, $504 SF, 8.5% Cap Rate.

9) Stockton - The Merryhill Preschool: $4,200,000, 9.2% 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 12/31/2023, with two 5 year options. The lease provides for 10% rent increases every five years. Offered at $4,200,000, $350 SF, 9.2% cap rate.

10) Oakland - FAMSA (BBB Rated Corporate Guarantee): $4,345,000, 7.3% Cap Rate. This is a newly constructed (2008) free standing building leased to FAMSA, a multi-billion dollar corporation with over 420 stores. FAMSA is a Mexico based retail chain, with a network of stores including 37 cities in the US. The tenant contributed over $1M to improvements, and entered into a 20 year NNN lease, with 17 years remaining (lease expires 9/1/2027). The lease provides for 12% rent increases every five years (next increase in 2012). Offered at $4,345,000, $244 SF, 7.3% cap rate.

11) Coalinga - Walgreens: $4,415,000, 7.4% Cap Rate. This is a 14,820 SF free standing Walgreens (S&P A+ Rating), newly constructed in 2008 on 1.5 acres. It is being offered at a 7.4% cap rate with a 25 year absolute triple net lease. There are ten 5 year options. No landlord maintenance responsibilities. Offered at $4,415,000, $298 SF, 7.4% cap rate.

12) Hemet - Rite Aid: $6,300,000, 8.3% Cap Rate. This is a newly built 17,272 SF Rite Aid drugstore on 1.6 acres, with a new 20 year NNN corporate lease. Offered at $6,300,000, $365 SF, 8.3% Cap Rate.

13) San Diego - 24 Hour Fitness: $7,975,000, 10.0% Cap Rate. Brand new 24 Hour Fitness (S&P Rating B) with a 15 year NNN lease, plus three 5 year options. 10% rent increases every five years. Offered at $7.975,000, $228 SF, 10.0% cap rate.

14) Fairfield - Orchard Supply Hardware: $8,500,000, 8.5% Cap Rate. This OSH serves as the anchor tenant for the Fairfield Corners Shopping Center, with a new 19 year absolute NNN lease with three 5 year options. There are rent increases of 11% beginning 2013 and every five years thereafter. The lease is guaranteed by Orchard Supply Hardware LLC, which is owned by Sears Holding Corp. Offered at $8,500,000, $194 per SF, 8.5% cap rate.

15) Santa Clara - Home Depot: $16,500,000, 8.0% Cap Rate. This is a Home Depot with five years remaining on its NNN lease, with four 5-year options. A Silicon Valley location with below-market rent, and easy access to freeways. BBB+ Rated tenant. Offered at $16,500,000, $172 per SF, 8.0% Cap Rate.

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