This document provides information on a net leased Goddard School property located in Noblesville, Indiana. The property is being offered for sale at $1,798,864 with a 9.25% capitalization rate. Goddard School's lease expires in January 2018 with one 5-year renewal option. The property benefits from its location near major retailers and its proximity to Indianapolis.
The document provides information on a net leased Shopko property located in Green Bay, Wisconsin. The 80,000 square foot property was built in 2009 and has over 16 years remaining on the primary lease term. Shopko is the tenant and the lease features rental escalations and four 5-year renewal options. The asking price is $9,026,222, representing an 8.1% capitalization rate. The property benefits from its location within a mixed-use development and proximity to Highway 41.
David's Bridal property located in Oak Lawn, IL benefits from its location along a major thoroughfare with high traffic. The 10,000 SF building is fully leased to David's Bridal, the largest bridal store chain, through 2017 with three 5-year renewal options featuring 15% rent escalations. The property is in a dense area near retailers with over 485,000 people within 5 miles and is across from a Metra station in a below average 6% vacancy market.
This document provides information on a net leased investment offering of a Walgreens ground lease located in Chicago, Illinois. The ground lease is for an expanded portion of the existing Walgreens parking lot with 13 years remaining on the lease. Key details include the $1.19 million asking price, 6.26% cap rate, and investment grade rated tenant Walgreens with an A credit rating and 35 year renewal options. The property benefits from a strong location with over 53,000 average daily traffic counts at the intersection.
This document provides information on a net leased Advance Auto Parts property located in Diamond, Illinois. The 6,125 square foot property is newly constructed and will be leased to Advance Auto Parts, an investment grade tenant, for 15 years with renewal options. The property benefits from proximity to Interstate 55 and is located along a major thoroughfare. It is being offered for sale with a 6.8% capitalization rate.
This document provides a summary of a net leased investment offering of a single tenant TCF Bank property located in Richfield, Minnesota. The property benefits from being located in a dense and affluent area within the Minneapolis-St. Paul MSA. Key details include a purchase price of $2.9 million, long-term ground lease to investment grade rated TCF Bank with built-in rental escalations, and strong demographic statistics within the trade area. Contact information is provided for further discussion of this net leased investment opportunity.
The RE Investment News is the monthly newsletter of Mid-America Association of Real Estate Investors. This is their special edition of Why to Invest in the Kansas City Metro Markets.
This document provides an offering summary for a net leased CVS property located in Orlando, Florida. The 10,767 square foot property was built in 1996 and is 100% leased to investment grade rated tenant CVS through December 2016, with four 5-year renewal options. The offering highlights include a sale cap rate of 8%, annual rent increases, strong tenant sales and traffic counts over 73,500 vehicles per day at the intersection. Orlando benefits from a diversified economy including tourism, technology, and aerospace.
The document provides information on a net leased Shopko property located in Green Bay, Wisconsin. The 80,000 square foot property was built in 2009 and has over 16 years remaining on the primary lease term. Shopko is the tenant and the lease features rental escalations and four 5-year renewal options. The asking price is $9,026,222, representing an 8.1% capitalization rate. The property benefits from its location within a mixed-use development and proximity to Highway 41.
David's Bridal property located in Oak Lawn, IL benefits from its location along a major thoroughfare with high traffic. The 10,000 SF building is fully leased to David's Bridal, the largest bridal store chain, through 2017 with three 5-year renewal options featuring 15% rent escalations. The property is in a dense area near retailers with over 485,000 people within 5 miles and is across from a Metra station in a below average 6% vacancy market.
This document provides information on a net leased investment offering of a Walgreens ground lease located in Chicago, Illinois. The ground lease is for an expanded portion of the existing Walgreens parking lot with 13 years remaining on the lease. Key details include the $1.19 million asking price, 6.26% cap rate, and investment grade rated tenant Walgreens with an A credit rating and 35 year renewal options. The property benefits from a strong location with over 53,000 average daily traffic counts at the intersection.
This document provides information on a net leased Advance Auto Parts property located in Diamond, Illinois. The 6,125 square foot property is newly constructed and will be leased to Advance Auto Parts, an investment grade tenant, for 15 years with renewal options. The property benefits from proximity to Interstate 55 and is located along a major thoroughfare. It is being offered for sale with a 6.8% capitalization rate.
This document provides a summary of a net leased investment offering of a single tenant TCF Bank property located in Richfield, Minnesota. The property benefits from being located in a dense and affluent area within the Minneapolis-St. Paul MSA. Key details include a purchase price of $2.9 million, long-term ground lease to investment grade rated TCF Bank with built-in rental escalations, and strong demographic statistics within the trade area. Contact information is provided for further discussion of this net leased investment opportunity.
The RE Investment News is the monthly newsletter of Mid-America Association of Real Estate Investors. This is their special edition of Why to Invest in the Kansas City Metro Markets.
This document provides an offering summary for a net leased CVS property located in Orlando, Florida. The 10,767 square foot property was built in 1996 and is 100% leased to investment grade rated tenant CVS through December 2016, with four 5-year renewal options. The offering highlights include a sale cap rate of 8%, annual rent increases, strong tenant sales and traffic counts over 73,500 vehicles per day at the intersection. Orlando benefits from a diversified economy including tourism, technology, and aerospace.
This document provides an offering for a net leased Shopko property located in Sussex, Wisconsin. The 80,000 square foot property was built in 2009 and has over 16 years remaining on the primary lease term. Shopko is the tenant with rental escalations in the primary term and four 5-year renewal options. The property benefits from its location in an affluent area with average household incomes over $95,000 within 10 miles and traffic along a major road of over 22,000 vehicles per day.
This document provides an overview of a net leased Best Buy property being offered for sale in Mankato, Minnesota. Key details include:
- The 30,725 square foot single-tenant Best Buy building was built in 1993 and is located near River Hills Mall.
- Best Buy's original 20-year lease expires in June 2020 with two 5-year renewal options.
- The property benefits from its location near Minnesota State University and Mayo Health Systems in Mankato.
- Investment highlights include the investment grade Best Buy credit (BBB-), 3% rental increases, no landlord responsibilities, and attractive assumable financing.
This document provides information on a net leased Kohl's property located in Round Lake Beach, Illinois. The 87,000 square foot property was built in 2000 and is leased by Kohl's through January 2025 with seven 5-year renewal options. Key details include an annual rent of $733,866 with escalations, investment grade tenant Kohl's rated BBB+, and strong demographics with a population of 149,413 people within 5 miles and an average household income of $94,814.
This document provides an offering memorandum for a net leased Walgreens property located in North Miami Beach, Florida. The 14,550 square foot Walgreens was built in 2010 and benefits from over 22 years remaining on the primary lease term with rental escalations of 11% in 2020 and 5% every 10 years thereafter. The property is located along a major thoroughfare with 52,000 daily vehicles and near retailers like Target and Costco. Walgreens is the investment grade rated tenant. Non-recourse financing is in place that must be assumed.
This document provides an offering for a net leased single tenant office building occupied by Home Depot in Irving, Texas. The 18,583 square foot building sits on 2.46 acres near major highways and is located within the master planned community of Las Colinas. Home Depot signed an 8 year lease in 2011 with three 10% rental escalations. The property offers a 7.5% capitalization rate and has strong investment highlights.
This document provides information about a net leased Chase bank property located in Country Club Hills, Illinois. Key details include that the property has a 30 year ground lease with Chase, 24 years remaining on the lease, and the property benefits from its location near a Walmart supercenter and major highways. The document provides the property address, rent schedule, demographic data, and contact information for the listing agent.
This document provides an offering summary for a net leased medical office property occupied by Northwestern Memorial Hospital in Deerfield, IL. The 16,737 square foot property is newly constructed and will be leased to Northwestern Memorial under a 15-year triple net lease with 2.5% annual rent escalations beginning in March 2013. Northwestern Memorial is an investment grade tenant. The offering is located in the affluent northern Chicago suburb of Deerfield with average household incomes over $145,000 within 3 miles.
This document summarizes a net leased property investment offering for a 9,684 square foot building leased to the Social Security Administration in Kokomo, Indiana. The United States government guarantees the lease which expires in 2018. The property was built in 2008 and offers an 8.35% capitalization rate with $190,175 in annual net operating income. It is located near major retailers along a major thoroughfare in Kokomo.
The document summarizes a net leased investment property occupied by the FBI and located in Cheyenne, Wyoming. The 7,804 square foot building was built-to-suit in 2011 and has 14 years remaining on the lease. It has an asking price of $3,844,179, representing a 7.25% cap rate and $279,017 in annual net operating income. The property features a secured underground parking garage and is located near the Cheyenne airport, which is undergoing expansion.
This document provides information on a net leased Advance Auto Parts property being offered for sale. The 6,125 square foot property is located in Coal City, Illinois along a major highway and near an Interstate. Advance Auto Parts will be the investment grade tenant with a 15 year lease. The offering includes property details, maps, demographic data and contact information.
This document provides an offering for the sale of a newly constructed Walgreens property located in Chicago, Illinois. The 13,650 square foot Walgreens was built in 2010 and has a 25 year lease with Walgreens, an investment grade tenant. The property is located in the Mount Greenwood neighborhood of Chicago and benefits from strong demographics and traffic counts of over 41,700 vehicles per day. The offering provides investment return scenarios and financial details of the sale.
This document provides information on a net lease investment property located in Belvidere, Illinois that is fully leased to Rockford Health Physicians and Athletico Physical Therapy. The property was constructed in 2015 and features long-term leases with annual rental escalations to investment grade rated Rockford Health and regional physical therapy provider Athletico. Financial details, tenant profiles, demographic data, and marketing materials are included to showcase the investment opportunity.
This document provides an offering for the sale of a single-tenant 7-Eleven property located in Frisco, TX. The 3,001 square foot property has over 13 years remaining on its lease and recent improvements indicate it is a strong performing location. The area is a growing suburb of Dallas with a population that increased 247% from 2000-2009. The document includes details on the property, financials, tenant and market overview to evaluate this net lease investment opportunity.
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 Big Box Market
Net Lease Market Research Report Published by The Boulder Group The 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 Market
This document provides an offering for the net lease sale of a Hooters restaurant property located in Florissant, Missouri, a suburb of St. Louis. There are 10 years remaining on the triple net lease, which features 10% rental escalations every 5 years. Hooters corporate has indicated the property is scheduled for a remodel in 2018. The investment highlights include the strong corporate guarantor, high traffic location, and favorable lease terms.
This document provides an offering for a single-tenant net leased KinderCare property located in Grayslake, Illinois. The 6,952 square foot property was built in 1999 and is 100% occupied by KinderCare under a triple net lease through April 2019 with three 5-year renewal options. It has an asking price of $1,490,000, representing a 9.07% capitalization rate. The property benefits from its location within a dense residential area near Chicago with strong household incomes and demographics.
This document provides information on a net leased Walgreens property located in Ardmore, Oklahoma. Key details include that the 15,120 square foot Walgreens was built in 2000 and has 18 years remaining on its lease through 2030. The property benefits from its location on a signalized intersection with over 25,500 vehicles per day. Walgreens is the investment grade rated tenant.
This document provides an offering for a net leased Walgreens property located in Hamilton, OH near Cincinnati. Some key details include:
- The 13,905 square foot Walgreens was built in 1999 and has 8 remaining 5-year renewal options on its lease through September 2019.
- The listing price is $4,580,645 representing a 7.75% cap rate. The current annual net operating income is $355,000.
- The property has good access and visibility from State Route 129, a major roadway in the area with over 23,800 vehicles per day.
- Nearby amenities include Miami University-Hamilton Campus located just one mile south with around 5,000 students.
This document summarizes a net leased investment offering for a Save-A-Lot grocery store property located in Chicago, Illinois. The property is newly renovated and tenanted by Save-A-Lot under a 10 year lease with renewal options. It is located in a dense urban area with significant traffic and near public transportation. Save-A-Lot is a large grocery chain that expects high sales at this location due to the surrounding population density and lack of other grocery options in the area.
This document provides an offering for a Dollar General property located in Lago Vista, Texas. The 9,014 square foot property was built in 2006 and is net leased to Dollar General through July 2016 with three 5-year renewal options. Key details include an 8.8% capitalization rate, average household incomes over $70,000 within a mile, and 12% rental escalations in each option period. Dollar General is a publicly traded company with over 10,000 stores across 40 states.
This document provides an offering for a net leased Shopko property located in Sussex, Wisconsin. The 80,000 square foot property was built in 2009 and has over 16 years remaining on the primary lease term. Shopko is the tenant with rental escalations in the primary term and four 5-year renewal options. The property benefits from its location in an affluent area with average household incomes over $95,000 within 10 miles and traffic along a major road of over 22,000 vehicles per day.
This document provides an overview of a net leased Best Buy property being offered for sale in Mankato, Minnesota. Key details include:
- The 30,725 square foot single-tenant Best Buy building was built in 1993 and is located near River Hills Mall.
- Best Buy's original 20-year lease expires in June 2020 with two 5-year renewal options.
- The property benefits from its location near Minnesota State University and Mayo Health Systems in Mankato.
- Investment highlights include the investment grade Best Buy credit (BBB-), 3% rental increases, no landlord responsibilities, and attractive assumable financing.
This document provides information on a net leased Kohl's property located in Round Lake Beach, Illinois. The 87,000 square foot property was built in 2000 and is leased by Kohl's through January 2025 with seven 5-year renewal options. Key details include an annual rent of $733,866 with escalations, investment grade tenant Kohl's rated BBB+, and strong demographics with a population of 149,413 people within 5 miles and an average household income of $94,814.
This document provides an offering memorandum for a net leased Walgreens property located in North Miami Beach, Florida. The 14,550 square foot Walgreens was built in 2010 and benefits from over 22 years remaining on the primary lease term with rental escalations of 11% in 2020 and 5% every 10 years thereafter. The property is located along a major thoroughfare with 52,000 daily vehicles and near retailers like Target and Costco. Walgreens is the investment grade rated tenant. Non-recourse financing is in place that must be assumed.
This document provides an offering for a net leased single tenant office building occupied by Home Depot in Irving, Texas. The 18,583 square foot building sits on 2.46 acres near major highways and is located within the master planned community of Las Colinas. Home Depot signed an 8 year lease in 2011 with three 10% rental escalations. The property offers a 7.5% capitalization rate and has strong investment highlights.
This document provides information about a net leased Chase bank property located in Country Club Hills, Illinois. Key details include that the property has a 30 year ground lease with Chase, 24 years remaining on the lease, and the property benefits from its location near a Walmart supercenter and major highways. The document provides the property address, rent schedule, demographic data, and contact information for the listing agent.
This document provides an offering summary for a net leased medical office property occupied by Northwestern Memorial Hospital in Deerfield, IL. The 16,737 square foot property is newly constructed and will be leased to Northwestern Memorial under a 15-year triple net lease with 2.5% annual rent escalations beginning in March 2013. Northwestern Memorial is an investment grade tenant. The offering is located in the affluent northern Chicago suburb of Deerfield with average household incomes over $145,000 within 3 miles.
This document summarizes a net leased property investment offering for a 9,684 square foot building leased to the Social Security Administration in Kokomo, Indiana. The United States government guarantees the lease which expires in 2018. The property was built in 2008 and offers an 8.35% capitalization rate with $190,175 in annual net operating income. It is located near major retailers along a major thoroughfare in Kokomo.
The document summarizes a net leased investment property occupied by the FBI and located in Cheyenne, Wyoming. The 7,804 square foot building was built-to-suit in 2011 and has 14 years remaining on the lease. It has an asking price of $3,844,179, representing a 7.25% cap rate and $279,017 in annual net operating income. The property features a secured underground parking garage and is located near the Cheyenne airport, which is undergoing expansion.
This document provides information on a net leased Advance Auto Parts property being offered for sale. The 6,125 square foot property is located in Coal City, Illinois along a major highway and near an Interstate. Advance Auto Parts will be the investment grade tenant with a 15 year lease. The offering includes property details, maps, demographic data and contact information.
This document provides an offering for the sale of a newly constructed Walgreens property located in Chicago, Illinois. The 13,650 square foot Walgreens was built in 2010 and has a 25 year lease with Walgreens, an investment grade tenant. The property is located in the Mount Greenwood neighborhood of Chicago and benefits from strong demographics and traffic counts of over 41,700 vehicles per day. The offering provides investment return scenarios and financial details of the sale.
This document provides information on a net lease investment property located in Belvidere, Illinois that is fully leased to Rockford Health Physicians and Athletico Physical Therapy. The property was constructed in 2015 and features long-term leases with annual rental escalations to investment grade rated Rockford Health and regional physical therapy provider Athletico. Financial details, tenant profiles, demographic data, and marketing materials are included to showcase the investment opportunity.
This document provides an offering for the sale of a single-tenant 7-Eleven property located in Frisco, TX. The 3,001 square foot property has over 13 years remaining on its lease and recent improvements indicate it is a strong performing location. The area is a growing suburb of Dallas with a population that increased 247% from 2000-2009. The document includes details on the property, financials, tenant and market overview to evaluate this net lease investment opportunity.
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 Big Box Market
Net Lease Market Research Report Published by The Boulder Group The 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 Market
This document provides an offering for the net lease sale of a Hooters restaurant property located in Florissant, Missouri, a suburb of St. Louis. There are 10 years remaining on the triple net lease, which features 10% rental escalations every 5 years. Hooters corporate has indicated the property is scheduled for a remodel in 2018. The investment highlights include the strong corporate guarantor, high traffic location, and favorable lease terms.
This document provides an offering for a single-tenant net leased KinderCare property located in Grayslake, Illinois. The 6,952 square foot property was built in 1999 and is 100% occupied by KinderCare under a triple net lease through April 2019 with three 5-year renewal options. It has an asking price of $1,490,000, representing a 9.07% capitalization rate. The property benefits from its location within a dense residential area near Chicago with strong household incomes and demographics.
This document provides information on a net leased Walgreens property located in Ardmore, Oklahoma. Key details include that the 15,120 square foot Walgreens was built in 2000 and has 18 years remaining on its lease through 2030. The property benefits from its location on a signalized intersection with over 25,500 vehicles per day. Walgreens is the investment grade rated tenant.
This document provides an offering for a net leased Walgreens property located in Hamilton, OH near Cincinnati. Some key details include:
- The 13,905 square foot Walgreens was built in 1999 and has 8 remaining 5-year renewal options on its lease through September 2019.
- The listing price is $4,580,645 representing a 7.75% cap rate. The current annual net operating income is $355,000.
- The property has good access and visibility from State Route 129, a major roadway in the area with over 23,800 vehicles per day.
- Nearby amenities include Miami University-Hamilton Campus located just one mile south with around 5,000 students.
This document summarizes a net leased investment offering for a Save-A-Lot grocery store property located in Chicago, Illinois. The property is newly renovated and tenanted by Save-A-Lot under a 10 year lease with renewal options. It is located in a dense urban area with significant traffic and near public transportation. Save-A-Lot is a large grocery chain that expects high sales at this location due to the surrounding population density and lack of other grocery options in the area.
This document provides an offering for a Dollar General property located in Lago Vista, Texas. The 9,014 square foot property was built in 2006 and is net leased to Dollar General through July 2016 with three 5-year renewal options. Key details include an 8.8% capitalization rate, average household incomes over $70,000 within a mile, and 12% rental escalations in each option period. Dollar General is a publicly traded company with over 10,000 stores across 40 states.
This document provides an offering for a net leased Walgreens property located in Waterloo, Illinois within the St. Louis metropolitan area. The 14,490 square foot Walgreens was built in 2006 and has a long term lease with Walgreens that expires in 2031. The property benefits from its location on a signalized intersection with heavy traffic. Walgreens is an investment grade tenant and the only national pharmacy in the immediate area.
This document provides information on a net leased Fifth Third Bank property located in Northbrook, Illinois. Key details include:
- The property is a single-tenant ground lease of a 4,100 SF Fifth Third Bank, an investment grade company.
- It has 16 years remaining on the primary lease term with 10% rental escalations every 5 years.
- The property is located on a prime retail corridor with high traffic counts and near retailers like Trader Joe's and Nordstrom Rack.
- Northbrook is an affluent Chicago suburb with incomes over $152,000 within 3 miles and close proximity to transportation.
- The offering is seeking $3,950,000 which represents a
This document provides information on a net leased Walgreens property located in La Crosse, Wisconsin. The 14,500 square foot Walgreens was constructed in 2010 and has 24 years remaining on the lease. Walgreens is the investment grade tenant, paying annual rent of $384,068 with no landlord obligations. The property is located at a signalized intersection on a major thoroughfare in La Crosse, which was named a top place to live by U.S. News in 2009.
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 Rite Aid property located in Canton, Michigan. The 11,180 square foot building was built in 1999 and is situated at a signalized intersection with over 39,800 vehicles passing daily. Rite Aid has occupied the property since 1999 under a net lease with six 5-year renewal options. The property benefits from its location within a dense retail area and affluent demographic.
This document provides details on a net leased AutoZone property located in Olive Branch, Mississippi. Key information includes:
- The 7,008 square foot property was built in 2004 on 40,843 square feet of land and is ground leased to AutoZone through 2019 with four 5-year renewal options.
- The property benefits from a prime location at a signalized intersection near Highway 302 with 20,000 vehicles per day.
- AutoZone is an investment grade rated company that sees consistent sales growth and operates over 5,000 stores.
- Demographic data shows the surrounding area has a median household income around $65,000 and growing population.
This document provides a summary of a net leased investment offering for a newly constructed Verizon retail store located in Portage, Indiana. Key details include:
- The 4,100 square foot building was built in 2009 and has over 5 years remaining on the lease.
- Verizon is an investment grade tenant rated A by S&P. The lease includes a rental escalation in 2013.
- The property is located along a major highway in a trade area anchored by retailers like Walmart, Lowe's, and Sears. It has high traffic visibility near Portage High School.
- The offering price is $1,800,000, representing an 8.26% capitalization rate and current net operating income
This document provides an offering for a net leased Walgreens property located in Moore, Oklahoma. The 15,120 square foot Walgreens was built in 2001 and has a purchase price of $3,795,000, representing a 7.8% capitalization rate. Walgreens has an original 20 year lease with 8 additional 5-year renewal options and the current lease expires in 2021. The property benefits from its location along a major thoroughfare with high traffic counts and close proximity to Interstate 35.
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.
This document provides information on a net leased McDonald's property located in Springfield, Illinois. The 4,134 square foot property sits on 37,409 square feet of land and has been leased by McDonald's for almost forty years. McDonald's recently exercised their final renewal option, extending the lease until October 2018. The property benefits from high traffic counts on nearby roads and its location near other retailers and employers.
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.
Advance Auto Parts is offering for sale a single-tenant net leased property located in Machesney Park, Illinois. The 6,124 square foot building was constructed in 2011 and is fully occupied by Advance Auto Parts with over 15 years remaining on the lease. The property benefits from its location within the Gateway District, a primary retail trade area with numerous national retailers. The investment highlights include Advance Auto Parts' investment grade credit rating, 10% rental escalations, and long-term lease with renewal options.
This document provides information on a net leased CVS property located in Pleasant Grove, Alabama, within the Birmingham metro area. The 10,125 square foot building was built in 2000 and is leased to investment grade rated CVS through May 2020, with four 5-year renewal options. The lease features annual rent escalations of 5% in the primary term and escalations in the option periods. The property benefits from a strong local economy driven by steel production and healthcare, with over 150,000 people living within 5 miles.
This confidential offering memorandum provides information on a net leased FedEx property for sale in Freeland, Michigan. FedEx has leased the 27,000 square foot property since 1991 and the lease expires in 2016 with two 5-year renewal options remaining. The property benefits from its location near the MBS International Airport and has an asking price of $1,908,620, representing an 8.7% capitalization rate. Contact information is provided for further discussions.
Similar to Net Lease for Sale | Indianapolis MSA (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.
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Net Lease for Sale | Indianapolis MSA
1. NET LEASED INVESTMENT OFFERING
Goddard School
2291 Greenfield Avenue
Noblesville, IN 46060 (Indianapolis MSA)
www.bouldergroup.com
2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerial
5) Site Plan
6) Maps
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
www.bouldergroup.com
3. CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
CONFIDENTIALITY & DISCLAIMER
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.
www.bouldergroup.com
4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Goddard School property
located within the Indianapolis MSA. The property is located in the affluent suburb of Noblesville, which has average
household incomes in excess of $92,000 within five miles of the property. Goddard School is a preschool for children
six weeks to six years old and has over 386 locations across 34 states.
The property is located on Greenfield Avenue just north of State Route 37, which experience traffic volumes in excess
of 21,000 vehicles per day. Highway 37 is the primary retail thoroughfare in the area and is home to Town and
Country Plaza Shopping Center, Stone Creek Commons and Stony Creek Marketplace approximately one mile north
of the property. Retailers within these centers include Wal-Mart Supercenter, Kohl’s and Staples, Lowe’s, Office
Depot and hhgregg, Meijer, Best Buy, TJMaxx and PetSmart. The Goddard School is further benefited by multiple
residential communities in the immediate area.
Goddard School’s original lease term was for 15 years and the lease expires in January 2018. The lease features
one 5-year renewal option with a 15% rental escalation. Goddard School is a privately-held company with over 386
locations in 34 states.
INVESTMENT HIGHLIGHTS
• Located within the Indianapolis MSA
• Close proximity to State Route 37 (31,000 VPD)
• Population in excess of 106,000 within five miles of the
property
• Average household income in excess of $92,000 within
five miles of the property
• Nearby retailers include Wal-Mart Supercenter, Kohl’s,
Lowe’s and Meijer
• 15% rental escalation in the option period
www.bouldergroup.com
5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $1,798,864
Cap Rate: 9.25%
Net Operating Income: $166,395
Renewal Options: One 5-Year with a 15% rental escalation
Lease Commencement Date: February 1, 2003
Lease Expiration Date: January 31, 2018
Year Built: 2003
Tenant: Goddard School
Guarantor: Fuller Family
Lease Type: NN (Roof & Structure)
Rentable Square Feet: 8,000
Land Size: 1.92 acres
www.bouldergroup.com
9. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
The Goddard School is a preschool for children six weeks to six years old. Goddard school is headquartered in King
of Prussia, Pennsylvania and has over 386 franchised locations across 34 states. As of January 2012, The Goddard
School is accredited by Middle States Association of Colleges and Schools. Goddard School is also recognized by
21st Century Skills, National Association for the Education of Young Children and AdvancED. Goddard Schools
are franchised by Goddard Systems, Inc. (GSI) and have an on-site owner and educational director. The Goddard
School has a unique approach to learning based on widely accepted childhood development and brain-based
learning research. Goddard School fosters the cognitive and social development of each child through curricula
that is child-inspired and teacher led, child-focused lesson plans, child-centered learning and teachable moments
and daily activity reports.
Website: www.goddardschool.com
Number of Locations: 336+
www.bouldergroup.com
10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 3-mi 5-mi
Total Population 4,151 47,598 121,134
Total Households 1,313 15,352 38,145
Income
Median Household Income $69,679 $61,874 $74,295
Average Household Income $88,135 $79,777 $92,718
www.bouldergroup.com
11. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Noblesville is located within the Indianapolis MSA and is the county seat of Hamilton
County. At the time of the 2010 U.S. Census Noblesville had a population of 51,969,
making it the 14th largest city in the state of Indiana. Indianapolis is the capital city of
Indiana and the county seat of Marion County. At the time of the 2010 U.S. Census the
city had a population of 829,718 and the Indianapolis metropolitan statistical area
had a population of 1,756,241. Indianapolis is the twelfth largest city in the United States and one of the fastest growing
metropolitan areas in the country. Forbes ranked Indianapolis as one of the best downtowns in the United States with
more than 200 retail shops, more than 35 hotels, 300 restaurants, movie theaters, sports venues, museums and art
galleries.
www.cityofnoblesville.org
Indianapolis is the capital city of Indiana and the county seat of Marion County. At the time of
the 2010 U.S. Census the city had a population of 829,718 and the Indianapolis metropolitan
statistical area had a population of 1,756,241. Indianapolis is the twelfth largest city in the
United States and one of the fastest growing metropolitan areas in the country. Forbes ranked
Indianapolis as one of the best downtowns in the United States with more than 200 retail
shops, more than 35 hotels, 300 restaurants, movie theaters, sports venues, museums and
art galleries.
Indianapolis is second only to Washington, D.C. for the number of monuments inside city limits. These monuments
include The Soldiers’ and Sailor’s Monument, Indiana World War Memorial Plaza, and the Medal of Honor Memorial
amongst others. Indianapolis has a diversified economy, contributing to the fields of education, health care
and finance. Many of Indiana’s largest companies are headquartered in Indianapolis, including pharmaceutical
manufacturer Eli Lilly and Company, Marsh Supermarkets, Finish Line and hhgregg Inc. The city is also home
to a number of collegiate and professional sporting events including, the men’s and woman’s NCAA basketball
tournament, the Indianapolis 500 and Indianapolis hosted the 2012 NFL Super Bowl. Additionally, Indianapolis
International Airport serves as the second largest FedEx operation in the world and the airport completed a $1.1
billion renovation was completed in 2008.
www.indy.gov
www.bouldergroup.com
12. CONTACT INFORMATION
NET LEASED INVESTMENT OFFERING
CONTACT INFORMATION
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein Jimmy Goodman
President Partner
847.562.0003 847.562.8500
rblank@bouldergroup.com jimmy@bouldergroup.com
www.bouldergroup.com