This document provides information about a net leased Bank of America property located in Chicago, Illinois. The 6,200 square foot single-tenant property was developed in 2004 and has 10 years remaining on its lease. Key details include the property's location in a densely populated area along a major thoroughfare, its investment grade tenant Bank of America, and its rare amenities for an urban Chicago bank like five drive-thru lanes. The document provides property details, demographic data, and contact information for the listing agent.
This document provides an offering for a net leased Sonic restaurant property located in Columbus, Ohio. The property benefits from its location less than half a mile from Ohio State University with over 64,000 students. It has a 15-year lease to Sonic that expires in 2023 with three 5-year renewal options and rental escalations of 10% in 2018 and at each renewal. The tenant is guaranteed by Houchens Industries, a $3 billion private company. The offering provides property and lease details, maps, demographic data and information on Sonic and its parent company.
This document provides an overview of a net lease investment opportunity for a CVS property located in Simpsonville, South Carolina. Key details include that there are approximately 18 years remaining on the CVS ground lease, CVS is an investment grade rated tenant, and the property benefits from its location near major retailers and a hospital in the Greenville metropolitan area.
This document provides information on a net leased investment property offering of a single tenant PNC Bank location in Brookfield, Wisconsin. The 4,020 square foot building was constructed in 2012 on 1.18 acres of land and has 19 years remaining on the primary 20-year lease term with rental escalations. PNC Bank is an investment grade rated tenant with over 2,700 locations. The property benefits from its location along a major thoroughfare with over 40,000 daily vehicles and proximity to retailers like Target and Trader Joe's in an affluent area with average household incomes over $95,000.
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- Detroit won a commitment from Barclays for $275 million in financing to fund its exit from bankruptcy, if a judge approves its debt-cutting plans.
- The money from Barclays would pay off previous borrowing, creditors, and help revitalize the city.
- Detroit filed for bankruptcy unable to provide services and meet financial obligations due to decades of economic and population decline. It has since cut deals to reduce its $18 billion in liabilities.
This document provides information on a net leased Chipotle property located in Richmond, Virginia that is being offered for sale. The property includes a recently constructed 2,215 square foot Chipotle building with a 10 year ground lease featuring rental escalations. There is also 29,708 square feet of adjacent developable land. The property is located along a major road with high traffic counts near other national retailers. Chipotle is a publicly traded company with over 1,500 locations. The document provides details on the property, lease, location, tenant, demographics, and contact information for the listing agent.
This document provides information on a net leased Dollar General Plus property located in Rock Hill, South Carolina. The 12,480 square foot building has over 13 years remaining on its absolute net lease and features rental escalations. Dollar General is an investment grade rated tenant. The property is located along a primary thoroughfare near Interstate 77 in a strong retail corridor with above average demographics.
This document provides information about a net leased Bank of America property located in Chicago, Illinois. The 6,200 square foot single-tenant property was developed in 2004 and has 10 years remaining on its lease. Key details include the property's location in a densely populated area along a major thoroughfare, its investment grade tenant Bank of America, and its rare amenities for an urban Chicago bank like five drive-thru lanes. The document provides property details, demographic data, and contact information for the listing agent.
This document provides an offering for a net leased Sonic restaurant property located in Columbus, Ohio. The property benefits from its location less than half a mile from Ohio State University with over 64,000 students. It has a 15-year lease to Sonic that expires in 2023 with three 5-year renewal options and rental escalations of 10% in 2018 and at each renewal. The tenant is guaranteed by Houchens Industries, a $3 billion private company. The offering provides property and lease details, maps, demographic data and information on Sonic and its parent company.
This document provides an overview of a net lease investment opportunity for a CVS property located in Simpsonville, South Carolina. Key details include that there are approximately 18 years remaining on the CVS ground lease, CVS is an investment grade rated tenant, and the property benefits from its location near major retailers and a hospital in the Greenville metropolitan area.
This document provides information on a net leased investment property offering of a single tenant PNC Bank location in Brookfield, Wisconsin. The 4,020 square foot building was constructed in 2012 on 1.18 acres of land and has 19 years remaining on the primary 20-year lease term with rental escalations. PNC Bank is an investment grade rated tenant with over 2,700 locations. The property benefits from its location along a major thoroughfare with over 40,000 daily vehicles and proximity to retailers like Target and Trader Joe's in an affluent area with average household incomes over $95,000.
Archive issues of The Brief produced by IPIN Global - https://www.ipinglobal.com/join.aspx - a regular member-only newsletter with the latest commentary on the property investment markets.
To review the latest copies as they are released - sign up on site.
- Detroit won a commitment from Barclays for $275 million in financing to fund its exit from bankruptcy, if a judge approves its debt-cutting plans.
- The money from Barclays would pay off previous borrowing, creditors, and help revitalize the city.
- Detroit filed for bankruptcy unable to provide services and meet financial obligations due to decades of economic and population decline. It has since cut deals to reduce its $18 billion in liabilities.
This document provides information on a net leased Chipotle property located in Richmond, Virginia that is being offered for sale. The property includes a recently constructed 2,215 square foot Chipotle building with a 10 year ground lease featuring rental escalations. There is also 29,708 square feet of adjacent developable land. The property is located along a major road with high traffic counts near other national retailers. Chipotle is a publicly traded company with over 1,500 locations. The document provides details on the property, lease, location, tenant, demographics, and contact information for the listing agent.
This document provides information on a net leased Dollar General Plus property located in Rock Hill, South Carolina. The 12,480 square foot building has over 13 years remaining on its absolute net lease and features rental escalations. Dollar General is an investment grade rated tenant. The property is located along a primary thoroughfare near Interstate 77 in a strong retail corridor with above average demographics.
This document provides information on a net leased Safelite AutoGlass property located in Berwyn, Illinois. The 4,000 square foot building was constructed in 2012 and has a long term lease of over 10 years remaining with rental escalations. Safelite AutoGlass is the largest auto glass repair company in the US with over $1 billion in annual sales. The property benefits from its location along a heavily trafficked roadway within a densely populated area near Chicago.
Archive issues of The Brief produced by IPIN Global - https://www.ipinglobal.com/join.aspx - a regular member-only newsletter with the latest commentary on the property investment markets.
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This document provides information on a net leased Dollar General property available for sale in Coldwater, Kansas. The single-tenant 9,014 square foot Dollar General was built in 2010 and is situated on 1 acre of land at the intersection of two major roads. Dollar General has a 10-year lease with three 5-year renewal options and 10% rental increases at each renewal. The property benefits from its proximity to a large recreational lake and park that attract visitors to the area.
The document discusses concerns about the Chinese real estate market and economy. A real estate developer collapsed in Ningbo, and home price increases are slowing. With real estate contributing greatly to China's GDP, a slowdown could impact the broader economy. Housing sales are unlikely to continue at the high growth levels of recent years due to tighter credit, affordability issues, and government curbs. While short-term outlook is dampened by volatility, long-term demand drivers like urbanization should support the market.
This document provides information on a net leased Chuck E. Cheese's property located in Woodbury, Minnesota. Key details include the 15,762 square foot building being constructed on 2.34 acres of land with rent commencing in March 2014. The ground lease has 15 years remaining and features 10% rental escalations every 5 years. The property is located near retail amenities in an affluent area with average household incomes over $114,000 within 3 miles. Chuck E. Cheese's is corporately guaranteed by publicly traded CEC Entertainment (NYSE: CEC).
Slides from the Q1 2017 US Economic and Housing Market Update webinar with Rick Sharga. Learn more about the key factors driving the US housing market in 2017 and beyond.
The Boulder Group is pleased to exclusively market for sale a single tenant absolute net leased corporately guaranteed 7-Eleven property located within the Chicago MSA.
This document provides an offering memorandum for the sale of a net lease investment property occupied by Chase Bank in New Lenox, Illinois. Key details include: Chase Bank has over 16 years remaining on their ground lease which expires in 2031 and features 10% rental escalations every five years with no landlord responsibilities. The property benefits from its location along a major thoroughfare near Walmart and other retailers, and proximity to commuter rail. Chase Bank is an investment grade rated tenant.
This document provides information about a net leased Chipotle property located in Milwaukee, Wisconsin. The property is being offered for sale at $1,824,000, representing a 6.25% cap rate. Chipotle recently extended their lease through 2023 with 12.5% rental escalations every five years. Chipotle has operated successfully at this location since 2003. The property benefits from its location along a major road with over 31,000 daily vehicles and proximity to a large hospital.
This document provides information on a net leased 7-Eleven property being offered for sale in Chicago, Illinois. The 3,200 square foot property features a long-term lease with 7-Eleven, an investment grade rated tenant. Key details include a 10 year primary lease term with 10% rental escalations every 5 years, population of over 530,000 within 3 miles, and location on a signalized intersection with daily traffic over 20,800 vehicles. The offering is seeking $1,836,363 at a 5.5% capitalization rate.
This document provides information about a net leased Culver's property located in Crystal Lake, Illinois. The property is being offered for $2,072,000 and has a 10.26% capitalization rate. Culver's has a 15-year triple net lease with two 5-year renewal options and 3% annual rent escalations. The property benefits from its location near retailers like Target and Home Depot with above average household incomes of over $109,000 within 5 miles.
This document provides an offering for a net leased Starbucks property located in Chicago, Illinois. Key details include:
- The 1,696 square foot building was developed in 2004 at a signalized intersection with over 42,000 daily vehicles.
- Starbucks recently extended their lease by 10 years to July 2024, with 4 additional 5-year renewal options.
- The property has an annual net operating income of $101,634 and a 6.5% capitalization rate.
- Starbucks is an investment grade rated tenant with a Standard & Poor's rating of A-.
This document provides information on a net leased investment property offering of a single tenant PNC Bank location in Brookfield, Wisconsin. The 4,020 square foot building was constructed in 2012 on 1.18 acres and has 19 years remaining on the primary 20-year lease term with rental escalations. PNC Bank is an investment grade rated tenant. The property benefits from its location along a major thoroughfare with over 40,000 daily vehicles and proximity to retailers like Target and Trader Joe's in an affluent area with average household incomes over $95,000. Contact information is provided for further details on the net leased investment opportunity.
This document provides information on a net leased Walgreens property located in St. John, Indiana. Key details include:
- The 13,905 square foot Walgreens is located 24 miles from downtown Chicago with 17 years remaining on the lease.
- The property has a capitalization rate of 6.05% and annual net operating income of $286,000.
- Walgreens recently extended the lease through January 2030 and has strong sales performance at this location.
- The property benefits from traffic volumes over 31,000 vehicles per day along Wicker Boulevard.
This document provides information on a net leased Dunkin' Donuts property located in Naperville, Illinois. The 3,816 square foot property has approximately 9 years remaining on its lease and features annual rent escalations of 15%. The property benefits from its location along a major road with over 45,000 vehicles daily and proximity to large employers. Dunkin' Brands, the publicly traded corporate guarantor, has a market capitalization over $4.5 billion. The surrounding area is affluent with a population of over 188,000 within 5 miles and average household incomes exceeding $102,000.
This document provides an offering memorandum for the net lease sale of a Burger King property located in New Braunfels, Texas. The 4,196 square foot property is triple net leased to Magic Fries, LLC, a subsidiary of Sun Holdings, which is the 9th largest franchise owner in the US. The lease has over 15 years remaining with rental escalations of 5% every 5 years. The property is located along a busy retail corridor with excellent visibility and access from Interstate 35.
Net Lease Bakers Square Property For Sale by The Boulder GroupThe Boulder Group
This document provides an offering summary for the sale of a net leased Bakers Square restaurant property located in Niles, Illinois. Key details include that the property is a 2,564 square foot building on a 28,793 square foot lot in a retail corridor with over 60,000 vehicles per day. The property has over 2 years remaining on its primary lease term with 3% annual rent increases and three 5-year renewal options. The tenant, Bakers Square, is a casual dining chain owned by a subsidiary of Fidelity National Financial.
This document summarizes a net leased Walgreens property located in Evergreen Park, Illinois. The 14,820 square foot Walgreens is scheduled to open in June 2014 with 20 years remaining on an absolute net lease. The lease features rare rental escalations every 10 years. The property is located at a signalized intersection with over 69,000 vehicles per day. It is in a densely populated area near medical facilities and large retail developments. The listing price is $11,142,857, offering a 5.25% cap rate on the estimated initial annual net operating income of $585,000.
This document provides information on a net leased Safelite AutoGlass property located in Berwyn, Illinois. The 4,000 square foot building was constructed in 2012 and has a long term lease of over 10 years remaining with rental escalations. Safelite AutoGlass is the largest auto glass repair company in the US with over $1 billion in annual sales. The property benefits from its location along a heavily trafficked roadway within a densely populated area near Chicago.
Archive issues of The Brief produced by IPIN Global - https://www.ipinglobal.com/join.aspx - a regular member-only newsletter with the latest commentary on the property investment markets.
To get the latest copies as they are produced - sign up on site.
This document provides information on a net leased Dollar General property available for sale in Coldwater, Kansas. The single-tenant 9,014 square foot Dollar General was built in 2010 and is situated on 1 acre of land at the intersection of two major roads. Dollar General has a 10-year lease with three 5-year renewal options and 10% rental increases at each renewal. The property benefits from its proximity to a large recreational lake and park that attract visitors to the area.
The document discusses concerns about the Chinese real estate market and economy. A real estate developer collapsed in Ningbo, and home price increases are slowing. With real estate contributing greatly to China's GDP, a slowdown could impact the broader economy. Housing sales are unlikely to continue at the high growth levels of recent years due to tighter credit, affordability issues, and government curbs. While short-term outlook is dampened by volatility, long-term demand drivers like urbanization should support the market.
This document provides information on a net leased Chuck E. Cheese's property located in Woodbury, Minnesota. Key details include the 15,762 square foot building being constructed on 2.34 acres of land with rent commencing in March 2014. The ground lease has 15 years remaining and features 10% rental escalations every 5 years. The property is located near retail amenities in an affluent area with average household incomes over $114,000 within 3 miles. Chuck E. Cheese's is corporately guaranteed by publicly traded CEC Entertainment (NYSE: CEC).
Slides from the Q1 2017 US Economic and Housing Market Update webinar with Rick Sharga. Learn more about the key factors driving the US housing market in 2017 and beyond.
The Boulder Group is pleased to exclusively market for sale a single tenant absolute net leased corporately guaranteed 7-Eleven property located within the Chicago MSA.
This document provides an offering memorandum for the sale of a net lease investment property occupied by Chase Bank in New Lenox, Illinois. Key details include: Chase Bank has over 16 years remaining on their ground lease which expires in 2031 and features 10% rental escalations every five years with no landlord responsibilities. The property benefits from its location along a major thoroughfare near Walmart and other retailers, and proximity to commuter rail. Chase Bank is an investment grade rated tenant.
This document provides information about a net leased Chipotle property located in Milwaukee, Wisconsin. The property is being offered for sale at $1,824,000, representing a 6.25% cap rate. Chipotle recently extended their lease through 2023 with 12.5% rental escalations every five years. Chipotle has operated successfully at this location since 2003. The property benefits from its location along a major road with over 31,000 daily vehicles and proximity to a large hospital.
This document provides information on a net leased 7-Eleven property being offered for sale in Chicago, Illinois. The 3,200 square foot property features a long-term lease with 7-Eleven, an investment grade rated tenant. Key details include a 10 year primary lease term with 10% rental escalations every 5 years, population of over 530,000 within 3 miles, and location on a signalized intersection with daily traffic over 20,800 vehicles. The offering is seeking $1,836,363 at a 5.5% capitalization rate.
This document provides information about a net leased Culver's property located in Crystal Lake, Illinois. The property is being offered for $2,072,000 and has a 10.26% capitalization rate. Culver's has a 15-year triple net lease with two 5-year renewal options and 3% annual rent escalations. The property benefits from its location near retailers like Target and Home Depot with above average household incomes of over $109,000 within 5 miles.
This document provides an offering for a net leased Starbucks property located in Chicago, Illinois. Key details include:
- The 1,696 square foot building was developed in 2004 at a signalized intersection with over 42,000 daily vehicles.
- Starbucks recently extended their lease by 10 years to July 2024, with 4 additional 5-year renewal options.
- The property has an annual net operating income of $101,634 and a 6.5% capitalization rate.
- Starbucks is an investment grade rated tenant with a Standard & Poor's rating of A-.
This document provides information on a net leased investment property offering of a single tenant PNC Bank location in Brookfield, Wisconsin. The 4,020 square foot building was constructed in 2012 on 1.18 acres and has 19 years remaining on the primary 20-year lease term with rental escalations. PNC Bank is an investment grade rated tenant. The property benefits from its location along a major thoroughfare with over 40,000 daily vehicles and proximity to retailers like Target and Trader Joe's in an affluent area with average household incomes over $95,000. Contact information is provided for further details on the net leased investment opportunity.
This document provides information on a net leased Walgreens property located in St. John, Indiana. Key details include:
- The 13,905 square foot Walgreens is located 24 miles from downtown Chicago with 17 years remaining on the lease.
- The property has a capitalization rate of 6.05% and annual net operating income of $286,000.
- Walgreens recently extended the lease through January 2030 and has strong sales performance at this location.
- The property benefits from traffic volumes over 31,000 vehicles per day along Wicker Boulevard.
This document provides information on a net leased Dunkin' Donuts property located in Naperville, Illinois. The 3,816 square foot property has approximately 9 years remaining on its lease and features annual rent escalations of 15%. The property benefits from its location along a major road with over 45,000 vehicles daily and proximity to large employers. Dunkin' Brands, the publicly traded corporate guarantor, has a market capitalization over $4.5 billion. The surrounding area is affluent with a population of over 188,000 within 5 miles and average household incomes exceeding $102,000.
This document provides an offering memorandum for the net lease sale of a Burger King property located in New Braunfels, Texas. The 4,196 square foot property is triple net leased to Magic Fries, LLC, a subsidiary of Sun Holdings, which is the 9th largest franchise owner in the US. The lease has over 15 years remaining with rental escalations of 5% every 5 years. The property is located along a busy retail corridor with excellent visibility and access from Interstate 35.
Net Lease Bakers Square Property For Sale by The Boulder GroupThe Boulder Group
This document provides an offering summary for the sale of a net leased Bakers Square restaurant property located in Niles, Illinois. Key details include that the property is a 2,564 square foot building on a 28,793 square foot lot in a retail corridor with over 60,000 vehicles per day. The property has over 2 years remaining on its primary lease term with 3% annual rent increases and three 5-year renewal options. The tenant, Bakers Square, is a casual dining chain owned by a subsidiary of Fidelity National Financial.
This document summarizes a net leased Walgreens property located in Evergreen Park, Illinois. The 14,820 square foot Walgreens is scheduled to open in June 2014 with 20 years remaining on an absolute net lease. The lease features rare rental escalations every 10 years. The property is located at a signalized intersection with over 69,000 vehicles per day. It is in a densely populated area near medical facilities and large retail developments. The listing price is $11,142,857, offering a 5.25% cap rate on the estimated initial annual net operating income of $585,000.
This document provides an offering for a net leased Kroger property located in Ottawa, Illinois. Some key details include:
- The 44,088 square foot property has been leased to Kroger since 1982. Kroger recently exercised their second 5-year renewal option through 2017.
- The listing price is $3,450,000, representing a capitalization rate of 8.08% and annual net operating income of $278,866.
- Kroger is a nationally recognized grocery chain and investment grade rated tenant. The property benefits from its location along a major roadway near retail attractions.
This document provides information on a net leased investment property located in Chicago, Illinois. The single-tenant property is fully occupied by FAMSA, a retailer with over 420 locations. Key details include a long-term, triple-net lease with 11 years remaining and annual rent escalations. The property benefits from its location within a dense, infill area of Chicago near many retailers and amenities.
This document provides an offering for the net lease investment of a PNC Bank property located in Chicago's Lincoln Park neighborhood. The property features a ground lease with PNC Bank, an investment grade rated tenant, with over 9 years remaining and rare 2% annual rental escalations. It is located at a strategic intersection that sees over 48,000 vehicles per day. The surrounding area is densely populated and affluent, within walking distance of retail and residential neighborhoods. The offering highlights the property and lease details, location advantages, tenant profile, and local demographics.
Similar to CVS Ground Lease for Sale | The Boulder Group (20)
Net Lease Tenant Profile Report 2019 | The Boulder GroupThe Boulder Group
The Boulder Group releases its 2019 Q3 Net Lease Tenant Profiles report. The report provides comprehensive insight into tenant lease structures and cap rates for over 70 net lease tenants.
This document provides an overview of various national retail tenants, including their typical building sizes, number of locations, capitalization rates, lease terms, and average rents and sale prices. It includes profiles for 79 tenants across various industries such as fast food, auto parts, grocery stores, pharmacies, and general retail.
Cap rates increased slightly for retail properties but increased more for office properties in Q1 2019 compared to Q4 2018. The number of retail, office, and industrial properties on the market decreased compared to the previous quarter. Most survey respondents now expect cap rates to remain stable or decrease in 2019 compared to late 2018 when most expected rates to increase due to anticipated higher interest rates.
Cap rates for auto parts stores increased slightly in Q4 2018 compared to Q4 2017. Advance Auto Parts properties made up over half of auto parts properties on the market and had significantly higher asking cap rates than AutoZone and O'Reilly Auto Parts properties. Transaction volume declined in 2018 for the auto parts sector while remaining flat for the overall net lease market. Auto parts stores remain attractive investments due to their relatively low price points and investment grade tenants.
Cap rates in the single tenant net lease big box retail sector increased from 6.75% in Q4 2017 to 7.04% in Q4 2018, driven by investor concerns over retail environment changes and store vacancies from retailer bankruptcies; investment grade rated big box tenants commanded a 68 basis point premium over cap rates for non-investment grade tenants; the report provides data on median asking prices, cap rates, and recent transactions for net lease big box properties in Q4 2018.
Cap rates in the single tenant net lease medical sector increased 22 basis points in Q3 2018 to 6.47% compared to the previous year, attributed to a higher concentration of properties in secondary markets and more non-investment grade tenants. Dialysis properties, primarily Fresenius and DaVita, represented over 55% of the sector and had the lowest cap rates of 5.85% for properties with over 11 years remaining on leases. Cap rates in the medical sector remained 9 basis points lower than the overall net lease market due to the high percentage of non-investment grade tenants.
This report summarizes net lease market trends in Q3 2018. Cap rates increased slightly for retail and office properties but compressed slightly for industrial. The number of properties on the market increased for retail but decreased for office and remained flat for industrial. Despite rising supply, newly constructed properties with long-term tenants saw stable or compressing cap rates. The report provides charts on cap rate trends by sector and selected sales comparables. Overall, cap rates are expected to remain stable in the near future but upward pressure remains from rising interest rates.
Cap rates in the quick service restaurant sector declined slightly in Q2 2018 from the previous year. Corporate leased QSR properties saw larger cap rate decreases than franchisee leased properties. The quick service restaurant sector remains very popular with private and 1031 exchange investors due to its resistance to e-commerce and lower price points.
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the recent activity in the National Net Lease Dollar Store Market.
This document summarizes net lease market trends in Q2 2018. Key points include:
- Retail cap rates increased 10 bps while office and industrial rates compressed by 5 and 25 bps respectively.
- The supply of single tenant properties increased over 11% from Q1, primarily in retail.
- The spread between asking and closed cap rates widened for retail and industrial, indicating upward pressure on rates.
- Sentiment is that cap rates will remain stable within recent ranges across all sectors, but the Fed's interest rate policies bear monitoring.
Net Lease Casual Dining Report 2018 | The Boulder GroupThe Boulder Group
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 1st quarter activity in the National Net Lease Casual Dining Market.
net lease research report q1 2018 | The Boulder GroupThe Boulder Group
This report summarizes key metrics and trends in the net lease market in Q1 2018:
- Cap rates remained stable for retail (6.1%) and office (7%), and increased slightly for industrial (7.29%).
- Transaction volume in 2017 was similar to 2016 at $54 billion. Demand remains high for e-commerce resistant and experiential retail tenants.
- The market remains bifurcated between high and lower quality properties. New construction supply is concentrated in dollar stores, restaurants, and medical properties.
Net Lease Big Box Research Report | The Boulder GroupThe Boulder Group
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 4th quarter activity in the National Net Lease Big Box Market.
The document summarizes key metrics and trends in the net lease quick service restaurant (QSR) market in Q2 2017. Some of the key findings include:
- Median cap rates for net lease QSR properties declined 14 basis points year-over-year to 5.56% in Q2 2017, with corporate leased properties at 5.35% and franchisee leased at 5.75%.
- New construction QSR properties saw the largest cap rate decline (15 basis points) due to high investor demand for newer properties.
- Over 75% of QSR property sales in the first half of 2017 were to private buyers, showing continued strong demand in the sector.
This document provides an offering for the net lease sale of a Pizza Hut property located in Detroit, Michigan. The 2,202 square foot building sits on a busy thoroughfare with over 24,000 daily vehicles. It has been leased by Pizza Hut since 1998. The lease expires in June 2018 but includes two 5-year renewal options. The property is located near many retailers and residential areas with over 126,000 people within 3 miles earning $74,819 annually on average. It is being offered at $300,000 with a 10% cap rate and $30,000 annual net operating income.
This document provides information about a potential net lease investment opportunity for a Burger King property located in Buffalo Grove, Illinois. Key details include there being 5 years remaining on the ground lease, the property has been operating as a Burger King for 40 years, and it is located on a major thoroughfare with over 37,000 vehicles per day. Burger King is the second largest fast food hamburger chain in the world and has over 15,000 locations globally.
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the recent activity in the National Net Lease Dollar Store Market. #CRE
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Living in an UBER World - June '24 Sales MeetingTom Blefko
June 2024 Lancaster County Sales Meeting for Berkshire Hathaway HomeServices Homesale Realty covering the following topics: 1. VA Suspends Buyer Agent Payment Plan (article), 2. Frequently Used Terms in title, 3. Zillow Showcase Overview, 4. QuickBuy commission promotion, 5. Documenting Cooperative Compensation, 6. NAR's Code of Ethics - Mass Media Solicitations, 7. Is it really cheaper to rent? 8. Do's and Don't's when Terminating the Agreement of Sale, 9. Living in an UBER World
Why is Revit MEP Outsourcing considered an as good option for construction pr...MarsBIM1
Outsourcing MEP modeling services require effective collaboration and coordination amongst multiple engineering trades. The engineers and the designers often change the details of the MEP projects, but the work of Revit MEP drafting services is having the master plan and model of the complete project. To have proper coordination and installation, there is a need to execute the project effectively. Hence, the work of Revit family creation facilitates the MEP engineers.
Listing Turkey - Piyalepasa Istanbul CatalogListing Turkey
We are working around the clock to transform a long-time dream into reality. As a result, Piyalepasa Istanbul will be the largest privately developed urban regeneration project in Turkey.
THE NEIGHBORHOOD WE HAVE BEEN LONGING FOR IS COMING TO LIFE
The good old days of the Piyalepasa neighborhood are being brought back to life with Piyalepasa Istanbul houses, residences, offices, hotels and a pedestrianized shopping avenue.
The wide streets of this 82.000 square meter development conveniently face the main boulevard in a prime Beyoglu location. “Piyalepaşa İstanbul” stands out as the only project designed to offer a neighborhood lifestyle, complete with its grocers, bagel sellers and greengrocer. Piyalepasa Istanbul has all the values to make it an authentic neighborhood, our very own community.
A NEIGHBORHOOD FULL OF LIFE, IN THE HEART OF THE CITY!
“Piyalepaşa İstanbul” is a “mixed-use” concept containing all the elements for a vibrant social life with houses, residences, offices, hotels and high street shopping.
“Piyalepaşa İstanbul” will take the liveliness of Istanbul into its heart. The elegant sparkle of Nisantasi, the young and colorful Besiktas, the variety and multicultural heritage of Istiklal Street will all be contained within the streets of this neighborhood.
“Piyalepaşa İstanbul” bears traces of the most beautiful examples of Turkish architecture from the Seljuks to the Ottomans and from Anatolia to Rumelia. With its graded facades, wide eaves, bay windows, pools, and interior courtyard systems, it offers a new living space without disrupting the city’s silhouette and neighborhood.
“Piyalepaşa İstanbul” is the new attraction of this splendid city.
TO BE AT THE CENTER OF ISTANBUL… THIS IS REAL LUXURY!
With its proximity to D-100 highway, connecting roads and tunnels, “Piyalepaşa İstanbul” is only minutes away from Kabatas, Besiktas, the Golden Horn and Karakoy.
“Piyalepaşa İstanbul” is close to the prestigious new Istanbul Court House, a major hospital, the Perpa trade center and the city’s most lively neighborhoods. With its shuttle service to Okmeydani Metrobus station, Sishane and the Court House subway stations, “Piyalepaşa İstanbul” will provide you with the most convenient transport connections.
https://listingturkey.com/property/piyalepasa-istanbul/
36,778 sq. ft. building; Zoning: SE (Suburban Employment): The (SE) District allows numerous commercial site uses; Passenger elevator; Private and common restrooms; Fully sprinkled; Data center with a grounded floor and a specialized HVAC system; 60 KVA back-up generator; Building/pylon signage; Potential to purchase adjacent parcels; Sale Price: $4,413,360
Stark Builders: Where Quality Meets Craftsmanship!shuilykhatunnil
At Stark Builders our vision is to redefine the renovation experience by combining both stunning design and high quality construction skills. We believe that by delivering both these key aspects together we are able to achieve incredible results for our clients and ensure every project reflects their vision and enhances their lifestyle.
Although we are not all related by blood we have created a team of highly professional and hardworking individuals who share the common goal of delivering beautiful and functional renovated spaces. Our tight nit team are able to work together in a way where we pour our passion into each and every project as we have a love for what we do. Building is our life.
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CVS Ground Lease for Sale | The Boulder Group
1. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
CVS (Ground Lease)
118 East New Circle Road
Lexington, KY 40505
2. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
1) Executive Summary
2) Investment Highlights
3) Property Overview
4) Aerial
5) Site Plan
6) Maps
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
TABLE OF CONTENTS
TABLE OF CONTENTS
3. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to
be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person
or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide
summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the
subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The
Boulder Group has not made any investigation, and makes no warranty or representation. The information contained
in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group
has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any
investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy
or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the
information set forth herein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
4. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
The Boulder Group is pleased to exclusively market for sale a single tenant CVS ground lease property located in Lexington,
Kentucky. The CVS is well located along Lexington’s highway loop which encompasses the city. The building was recently
developed in 2009 at a signalized intersection. There are over 20 years remaining on the CVS ground lease that expires
in January 2035 and features rental escalations in each renewal option period. CVS is a publicly traded company (NYSE:
CVS) with a market capitalization in excess of $89 billion and is an investment grade rated tenant (S&P: BBB+).
The 1.86 acre CVS property is ideally located at the heavily trafficked signalized intersection of East New Circle Road and
North Limestone Road. This intersection experiences traffic volumes in excess of 45,000 vehicles per day. New Circle
Road is Lexington’s highway loop that rounds the city. The property is located approximately two miles east of downtown
Lexington and three miles east of the University of Kentucky (30,000 students). The CVS is located less than 1.5 miles
from access to Interstate 75/64. The corporate headquarters of Lexmark International, a global provider of printing and
imaging products, is located less than two miles from the CVS and employs over 2,600 people. Further contributing to the
strength of this CVS location is that it is located down the street from an aging mid-block Walgreens with limited access.
The CVS property is benefitted by its proximity to Whitaker Bank Ballpark, home of the Lexington Legends minor league
baseball team. The area is densely populated with approximately 80,000 people living within a three mile radius. Retailers
located in the immediate vicinity of the property include Walmart, Kroger, Staples, PNC Bank, Fifth-Third Bank, and many
others.
CVS has over 20 years remaining on their ground lease that expires January 31, 2035. The lease features six 5-year re-
newal options with 5% rental escalations in each. CVS is an investment grade tenant with a Standard and Poor’s rating of
BBB+. CVS is publicly traded on the New York Stock Exchange (CVS) with a market capitalization in excess of $89 billion.
INVESTMENT HIGHLIGHTS
• Located in the city of Lexington
• Long term ground lease with over 20 years remaining
• Investment grade tenant (S&P: BBB+)
• Premiere location along Lexington’s highway loop (New Circle Road)
• Rental escalations in each renewal option
• Located at a heavily trafficked signalized intersection (45,000 VPD)
• Close proximity to the world headquarters of Lexmark International
(2,600+ employees)
• Recently constructed (2009)
• No landlord responsibilities
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
5. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $3,950,000
Cap Rate: 4.81%
Rent Schedule: NOI Escalation Date
$190,000
$199,500 2/1/35 (Option 1)
$209,475 2/1/40 (Option 2)
$219,949 2/1/45 (Option 3)
$230,946 2/1/50 (Option 4)
$242,494 2/1/55 (Option 5)
$254,618 2/1/60 (Option 6)
Lease Commencement Date: October 2, 2009
Lease Expiration Date: January 31, 2035
Tenant: CVS
Credit Rating: BBB+
Rental Escalations: 5% in Each Option
Renewal Options: Six 5-Year
Year Built: 2009
Lease Type: Ground Lease
Building Size: 13,225 SF
Land Size: 1.86 acres
6. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIAL
AERIAL
38,000VPD
E.NEW
CIRCLEROAD
87,000 VPD
TO INTERSTATE 75/64
7,000
VPD
N. LIMESTONE STREET
WORLD HEADQUARTERS
N
7. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE PLAN
SITE PLAN
N
NORTH LIMESTONE
EASTNEWCIRCLEROAD
8. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
MAPS
MAPS
New Circle Road
New
Circle
Road
New Circle Road
NewCircleRoad
New
Circle Road
NewCircleRoad
9. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
CVS is engaged in the retail drugstore business. The Company operates 7,600 locations in 45 states and Puerto
Rico. CVS is the nation’s second-largest drugstore chain and the third-largest pharmacy benefits manager.
As a retail division of CVS Caremark, CVS retail locations sell prescription drugs and a wide variety of general
merchandise including over-the-counter medication, beauty products and cosmetics, film and photo finishing
services, seasonal merchandise and convenience foods. CVS also offers healthcare services through their
MinuteClinic locations, most of which are located within their stores. CVS is headquartered in Woonsocket,
Rhode Island and was founded in 1963.
CVS is a publicly traded company on the New York Stock Exchange, CVS, with a market capitalization in excess
of $89.5 billion. CVS is an investment grade rated tenant with a Standard & Poor’s rating of BBB+.
Website: www.cvs.com
Number of Locations: 7,600
Stock Symbol: CVS: NYSE
Standard & Poor’s Rating: BBB+
Market Capitalization: $89 billion
Number of Employees: 130,000
TENANT PROFILE
TENANT PROFILE
10. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Population 1-mi 3-mi 5-mi
Total Population 10,946 77,333 166,180
Total Households 4,538 32,733 70,591
Income
Average Household Income $49,366 $48,871 $57,668
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
11. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Lexington is the second-largest city in Kentucky and the 61st largest city in the United States. Known
as the “Horse Capital of the World”, it is located in the heart of Kentucky’s Bluegrass Region. Lexington
had a 2013 US Census estimated population of 308,428 people and a combined statistical area
population in excess of 705,000 people. With its abundance of government and technology jobs,
Lexington has one of the nation’s most stable economies. Lexington has been described as having “a
fortified economy, strong in manufacturing, technology and entrepreneurial support, benefiting from
a diverse, balanced business base”. Lexington is the home of the University of Kentucky, which has
an enrollment of approximately 30,000 students and employs over 14,000 people. Other significant
employers include Lexmark, Xerox, Kroger, Amazon.com, Lockheed Martin, KentuckyOne Health, and the Fayette County
Public Schools.
The northeast border of Lexington has direct access to Interstate 64 and Interstate 75, however freeways do not run through
downtown. Instead, Lexington has two beltways; New Circle Road (inner) and Man o’ War Boulevard (outer), and numerous
arterial highways/U.S. routes radiate from downtown to the surrounding suburbs and small towns.
www.lexingtonky.gov
LOCATION OVERVIEW
LOCATION OVERVIEW
12. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
CONTACT INFORMATION
CONTACT INFORMATION
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
randy@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com