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 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.
Net Leased Max and Erma's for sale | The Boulder GroupThe Boulder Group
This document provides information on a net leased Max & Erma's restaurant property located in Auburn Hills, Michigan. The 6,264 square foot restaurant has approximately 9 years remaining on its absolute net lease and features a 7.5% rental escalation in 2018. It is located across the street from the dominant Great Lakes Crossing Outlets shopping center in a strong retail area near Interstate 75. The document includes details on the property, tenant, area demographics, and contact information for the listing agent.
This document summarizes a net leased OfficeMax property located in East Peoria, Illinois. The recently extended OfficeMax lease has approximately 5 years remaining with three 5-year renewal options. OfficeMax is a publicly traded company on the NYSE with a market capitalization over $2.5 billion. The property benefits from its location along a busy interstate and within a retail corridor with regional retailers like Bass Pro Shops and Walmart. The offering is seeking $3,041,176 for the single-tenant investment.
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 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).
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 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.
Net Leased Max and Erma's for sale | The Boulder GroupThe Boulder Group
This document provides information on a net leased Max & Erma's restaurant property located in Auburn Hills, Michigan. The 6,264 square foot restaurant has approximately 9 years remaining on its absolute net lease and features a 7.5% rental escalation in 2018. It is located across the street from the dominant Great Lakes Crossing Outlets shopping center in a strong retail area near Interstate 75. The document includes details on the property, tenant, area demographics, and contact information for the listing agent.
This document summarizes a net leased OfficeMax property located in East Peoria, Illinois. The recently extended OfficeMax lease has approximately 5 years remaining with three 5-year renewal options. OfficeMax is a publicly traded company on the NYSE with a market capitalization over $2.5 billion. The property benefits from its location along a busy interstate and within a retail corridor with regional retailers like Bass Pro Shops and Walmart. The offering is seeking $3,041,176 for the single-tenant investment.
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 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).
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 for purchase of the net leased Walgreens property.
This document provides an offering for the sale of a net leased Walmart property located in Niles, Illinois. Key details include:
- The Walmart is a 132,695 SF building on 9.82 acres near Chicago within a retail destination including Costco and Target.
- Walmart has 10 years remaining on its ground lease with 7 renewal options of 10% and 5% rent escalations.
- The property is offered for $9,966,063 at a 4.75% cap rate.
- It is located in an affluent area near major roadways with average household incomes over $100,000 within a mile.
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the activity in the National Net Lease Dollar Store Market.
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 information on a net leased Walgreens property located in Uniondale, New York. The 12,827 square foot Walgreens was built in 2012 and has a 25 year lease with Walgreens. It has a purchase price of $12,562,612, yielding a 5.55% cap rate. The property benefits from its location in a dense, high-barrier Long Island suburb near various schools and retailers. Walgreens is the investment grade rated tenant.
This document is a marketing brochure for the sale of a single-tenant net leased Walgreens property located in Houston, Texas. The 15,020 square foot Walgreens has 18 years remaining on its lease and was recently extended by Walgreens through January 2031. The property benefits from strong demographics including a population over 323,000 within five miles and an average household income over $91,000 within one mile. The marketing brochure provides details on the property, tenant, financials, location, and contact information for the listing agent.
This document provides information about a net leased CVS distribution center property located in Woonsocket, Rhode Island. The 47,950 square foot property is fully occupied by CVS under a net lease through 2015, with four 5-year renewal options. CVS has been in the location since 1985. The property is located near the CVS corporate headquarters and in a strategic area to service CVS stores. It provides an 8.5% capitalization rate and stable income from investment grade rated tenant CVS.
This document provides information on a net leased AutoZone property located in Milwaukee, WI. Key details include:
- The 6,218 SF building was constructed in 2004 on 0.62 acres and is leased to AutoZone through 2024 with four 5-year extension options.
- Rent is currently $55,000 and escalates 10% every 5 years.
- AutoZone is investment grade rated and the area benefits from proximity to retail amenities and major transportation routes.
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 lease investment opportunity for a single-tenant McDonald's property located in Farmington Hills, Michigan. The 4,500 square foot building sits on 1.39 acres along a major roadway. McDonald's has a long-term ground lease with over 20 years remaining and annual rent escalations. The property benefits from its location in an affluent area with over $88,000 average household income within 5 miles and high traffic volume.
The document authorizes The Boulder Group to exclusively market and sell the Walgreens property located at 603 Uniondale Avenue in Uniondale, New York on behalf of the property owner Uniondale Wg LLC. The Boulder Group is granted the exclusive right to sell the property for $12,562,612 based on a net operating income of $697,225. If The Boulder Group procures a buyer, the property owner agrees to pay a 1% commission for a direct sale or 1.5% if an outside broker is involved. The initial term of the exclusive agreement is 150 days.
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 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.
Cap rates for CVS and Rite Aid drug store properties reached historic lows in Q3 2014, while Walgreens cap rates remained stable at 5.6%. The supply of net lease drug store properties increased 33% overall due to a 64% rise in CVS properties. Transaction velocity for drug stores in 2015 is expected to remain high as cap rates compress and 1031 exchange buyers seek long-term leased properties.
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 an offering for the net lease sale of a single-tenant Arby's restaurant property located in Green Bay, Wisconsin. The 2,000 square foot building was constructed in 2016 and has over 14 years remaining on the lease. The lease features 5% rental escalations every 5 years and is guaranteed by DRM, Inc., the second largest Arby's franchisee. The property benefits from its location along a major thoroughfare with over 70,000 people living within three miles.
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.
The Boulder Group is marketing a net lease investment property occupied by Long John Silver's and A&W Restaurant in Dayton, OH. The 2,246 SF property has 11 years remaining on its triple net lease with 1.5% annual rent increases and two 5-year renewal options. It is located on a primary thoroughfare with access to a nearby interstate, experiencing over 118,000 vehicles per day. Long John Silver's and A&W Restaurant are well-established national tenants, with the lease guaranteed by franchisee Affinity Fletcher.
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 for purchase of the net leased Walgreens property.
This document provides an offering for the sale of a net leased Walmart property located in Niles, Illinois. Key details include:
- The Walmart is a 132,695 SF building on 9.82 acres near Chicago within a retail destination including Costco and Target.
- Walmart has 10 years remaining on its ground lease with 7 renewal options of 10% and 5% rent escalations.
- The property is offered for $9,966,063 at a 4.75% cap rate.
- It is located in an affluent area near major roadways with average household incomes over $100,000 within a mile.
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the activity in the National Net Lease Dollar Store Market.
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 information on a net leased Walgreens property located in Uniondale, New York. The 12,827 square foot Walgreens was built in 2012 and has a 25 year lease with Walgreens. It has a purchase price of $12,562,612, yielding a 5.55% cap rate. The property benefits from its location in a dense, high-barrier Long Island suburb near various schools and retailers. Walgreens is the investment grade rated tenant.
This document is a marketing brochure for the sale of a single-tenant net leased Walgreens property located in Houston, Texas. The 15,020 square foot Walgreens has 18 years remaining on its lease and was recently extended by Walgreens through January 2031. The property benefits from strong demographics including a population over 323,000 within five miles and an average household income over $91,000 within one mile. The marketing brochure provides details on the property, tenant, financials, location, and contact information for the listing agent.
This document provides information about a net leased CVS distribution center property located in Woonsocket, Rhode Island. The 47,950 square foot property is fully occupied by CVS under a net lease through 2015, with four 5-year renewal options. CVS has been in the location since 1985. The property is located near the CVS corporate headquarters and in a strategic area to service CVS stores. It provides an 8.5% capitalization rate and stable income from investment grade rated tenant CVS.
This document provides information on a net leased AutoZone property located in Milwaukee, WI. Key details include:
- The 6,218 SF building was constructed in 2004 on 0.62 acres and is leased to AutoZone through 2024 with four 5-year extension options.
- Rent is currently $55,000 and escalates 10% every 5 years.
- AutoZone is investment grade rated and the area benefits from proximity to retail amenities and major transportation routes.
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 lease investment opportunity for a single-tenant McDonald's property located in Farmington Hills, Michigan. The 4,500 square foot building sits on 1.39 acres along a major roadway. McDonald's has a long-term ground lease with over 20 years remaining and annual rent escalations. The property benefits from its location in an affluent area with over $88,000 average household income within 5 miles and high traffic volume.
The document authorizes The Boulder Group to exclusively market and sell the Walgreens property located at 603 Uniondale Avenue in Uniondale, New York on behalf of the property owner Uniondale Wg LLC. The Boulder Group is granted the exclusive right to sell the property for $12,562,612 based on a net operating income of $697,225. If The Boulder Group procures a buyer, the property owner agrees to pay a 1% commission for a direct sale or 1.5% if an outside broker is involved. The initial term of the exclusive agreement is 150 days.
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 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.
Cap rates for CVS and Rite Aid drug store properties reached historic lows in Q3 2014, while Walgreens cap rates remained stable at 5.6%. The supply of net lease drug store properties increased 33% overall due to a 64% rise in CVS properties. Transaction velocity for drug stores in 2015 is expected to remain high as cap rates compress and 1031 exchange buyers seek long-term leased properties.
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 an offering for the net lease sale of a single-tenant Arby's restaurant property located in Green Bay, Wisconsin. The 2,000 square foot building was constructed in 2016 and has over 14 years remaining on the lease. The lease features 5% rental escalations every 5 years and is guaranteed by DRM, Inc., the second largest Arby's franchisee. The property benefits from its location along a major thoroughfare with over 70,000 people living within three miles.
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.
The Boulder Group is marketing a net lease investment property occupied by Long John Silver's and A&W Restaurant in Dayton, OH. The 2,246 SF property has 11 years remaining on its triple net lease with 1.5% annual rent increases and two 5-year renewal options. It is located on a primary thoroughfare with access to a nearby interstate, experiencing over 118,000 vehicles per day. Long John Silver's and A&W Restaurant are well-established national tenants, with the lease guaranteed by franchisee Affinity Fletcher.
This document provides information about a net leased Logan's Roadhouse property located in East Peoria, Illinois. The single-tenant property was constructed in 2007 and features a ground lease with 14 years remaining. It is located near major retailers like Walmart, Bass Pro Shops, and Target within a trade area with over 130,000 people and benefits from proximity to Caterpillar's world headquarters. Logan's Roadhouse is a national casual dining chain with over 240 locations and $630 million in annual sales.
This document provides an offering memorandum for the sale of a net leased Goodwill property located in Grafton, Wisconsin. The 21,400 square foot single-tenant property has over 10 years remaining on the lease and features built-in rent escalations. Goodwill has occupied the property since 2012 in a strong retail corridor near Milwaukee. Demographic data shows the surrounding area has a population of over 28,000 people with average household incomes of over $91,000.
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.
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 investment property offering for a Shopko Hometown store located in Ellsworth, Wisconsin. Key details include that the 32,100 square foot property was built in 2008 and has a lease expiration in May 2024 after an extension was signed. The property has an 8.75% capitalization rate and annual net operating income of $205,861. Shopko is the sole tenant and has nearly 350 locations nationwide.
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 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 an offering for the net lease investment of a Walgreens property located at 4580 Monroe Street in Toledo, OH. The 13,125 square foot Walgreens has over 11 years remaining on its absolute triple net lease and is situated at a heavily trafficked intersection with excellent visibility. It is located near hospitals, schools, and retail amenities. Walgreens is the largest drug retail chain in the US and an investment grade rated tenant, offering a long term secure cash flow opportunity.
This document provides information on a net leased Tuffy Auto Service Center property located in Aurora, Illinois. Key details include:
- The 3,900 square foot building was built in 2007 and is fully occupied by Tuffy Auto Service Center under a 20-year lease with two 5-year renewal options.
- The lease has over 13 years remaining and features 10% rental escalations every five years.
- The property is located on a heavily trafficked road near major retailers with average household incomes over $137,000 within a mile.
- Tuffy Auto Service Center is a national chain with over 235 locations and a strong financial profile.
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 information on a net lease investment opportunity for a single-tenant Walgreens property located in Columbus, Ohio. Key details include that there are approximately four years remaining on the Walgreens lease, which has eight 5-year renewal options. The 15,120 square foot building is in a densely populated area with over 43,000 daily vehicle trips on the intersecting road. Walgreens is the investment grade rated tenant.
This document provides an offering for the net lease investment of a single-tenant Natural Grocers property in Clive, Iowa. The 15,000 square foot property has over 14 years remaining on its lease and is occupied by Natural Grocers, a publicly traded specialty retailer experiencing strong sales growth. The property benefits from high traffic visibility along two major arterials near interstate access. Demographic data shows a population of over 85,000 within three miles and an average household income exceeding $92,000 within five miles.
This document provides information on a net leased CVS property located in Bessemer, Alabama for sale. Key details include:
- The 10,880 square foot property was built in 2003 and has a drive-thru. Rent escalates 6% every five years.
- CVS has over 20 years remaining on the lease, with six 5-year renewal options.
- The property is located in the Birmingham metro area with a population over 1 million people and strong demographics.
Similar to Triple net-ground-lease-arbys-for-sale (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 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 Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 2nd quarter activity in the National Net Lease Market.
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Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
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Triple net-ground-lease-arbys-for-sale
1. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Arby’s (Ground Lease)
8720 Manchester Road
Brentwood, MO 63144 (St. Louis MSA)
2. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TABLE OF CONTENTS
TABLE OF CONTENTS
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerials
5) Site Plan
6) Maps
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
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 net leased Arby’s ground lease property
located within the St. Louis MSA. The property is located within a strong retail corridor along Manchester Road, a primary
east-west thoroughfare. There are over ten years remaining on the Arby’s ground lease that expires on November 14,
2024. The lease features 10% rental escalations every five years. The lease is guaranteed by the largest Arby’s franchisee,
US Beef Corporation, which operates over 320 locations.
The 43,562 square foot Arby’s property is located along Manchester Road, a primary east-west thoroughfare that experiences
traffic counts in excess of 20,000 vehicles per day. Manchester Road runs parallel with Interstate 64 connecting the city of
St. Louis with its’ western suburbs. The surrounding area is densely concentrated with commercial buildings providing high
barriers to entry. Additionally, the property is located less than one and one-half miles from the intersection of Interstate
64 and Interstate 170, which experiences traffic counts in excess of 300,000 vehicles per day. The surrounding area is
densely populated with over 107,000 people living within a three mile radius earning average annual household incomes
in excess of $93,000. The Arby’s is an outparcel to an Office Depot and Ace Hardware anchored center. The property is
located approximately one and one-half miles from the Saint Louis Galleria, a 1.2 million square foot mall that is anchored
by Apple, Nordstrom, Macy’s, and Dillard’s. Additional retailers located nearby include Whole Foods, Target, Walmart
Supercenter, Sam’s Club, Lowe’s, Home Depot and Schnucks.
The Arby’s ground lease has over ten years remaining and features 10% rental escalations every five years. There are four
5-year renewal option periods. The lease is guaranteed by US Beef Corporation, the largest Arby’s franchisee with over
320 locations.
INVESTMENT HIGHLIGHTS
• Located within the St. Louis MSA
• Long term ground lease with over 10 years remaining
• 10% rental escalations every five years
• No landlord responsibilities
• Recent construction (2009)
• Guaranteed by US Beef Corporation, Arby’s largest franchisee with over 320 locations
• Located along Manchester Road, a primary east-west thoroughfare
with traffic counts in excess of 20,000 VPD
• Surrounding area is densely concentrated with commercial buildings
providing high barriers to entry
• Close proximity to the Interstate 64 & Interstate 170 interchange
(300,000 VPD)
• Located approximately one and one-half miles from the Saint Louis
Galleria, a 1.2 million square foot mall that is anchored by Apple,
Nordstrom, Macy’s, and Dillard’s
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
5. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $1,355,357
Cap Rate: 5.60%
Rent Schedule: NOI Escalation Date
$75,900
$83,496 11/14/2019
$91,872 11/14/2024 (Option 1)
$101,064 11/14/2029 (Option 2)
$111,180 11/14/2034 (Option 3)
$122,304 11/14/2039 (Option 4)
Rental Escalations: 10% Every Five Years
Renewal Options: Four 5-Year
Lease Commencement Date: November 14, 2009
Lease Expiration Date: November 13, 2024
Tenant: Arby’s
Guarantor: US Beef Corporation (320 Locations)
Year Built: 2009
Lease Type: Ground Lease
Building Size: 2,812 SF
Land Acreage: 43,562 SF
6. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIALS
AERIALS
N
170
64
MANCHESTER ROAD
SOUTH BRENTWOOD ROAD
128,000 VPD
173,000 VPD
HANLEY INDUSTRIAL
PARK
7. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIALS
AERIALS
N
MANCHESTER ROAD
SOUTH BRENTWOOD ROAD
8. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE PLAN
SITE PLAN
MANCHESTER ROAD
DRIVE-THRU
N
10. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Arby’s Restaurant Group, Inc. is the second largest quick-service sandwich chain in the U.S. with more than 3,400
restaurants system wide. Roark Capital Group acquired the company in July 2011 and owns 81.5% of the company, with
The Wendy’s Company owning the other 18.5%. In addition to its classic Roast Beef and Beef ‘n Cheddar sandwiches,
made in store daily, Arby’s is also known for its deli-style Market Fresh line of sandwiches and salads, Curly Fries and
shakes. Arby’s operates in 48 states throughout the United States of America and Canada, Qatar, and Turkey. Its
headquarters are in Sandy Springs, Georgia.
Website: www.arbys.com
Number of Locations: 3,400+
Headquarters: Sandy Springs, GA
Parent Company: Roark Capital Group & The Wendy’s Company
US Beef owns and operates over 320 Arby’s famous roast beef restaurants in the eight contiguous Midwest states of
Oklahoma, Arkansas, Kansas, Illinois, Colorado, Missouri, Idaho, and Wyoming. Since the Davis family opened their first
Arby’s in 1969 in Tulsa, United States Beef Corporation has expanded rapidly and is recognized and acclaimed as one of
the top performing franchise restaurateurs in the industry. US Beef is headquartered in Tulsa, Oklahoma.
Website: www.usbeefcorp.com
Number of Locations: 320
Headquarters: Tulsa, OK
TENANT PROFILE
TENANT PROFILE
11. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 3-mi 5-mi
Total Population 11,883 107,060 300,260
Total Households 5,329 47,432 135,263
Income
Median Household Income $61,958 $58,391 $51,578
Average Household Income $86,187 $93,020 $81,207
12. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Brentwood is a thriving community located in the heart of St. Louis County, just south of the
County seat, Clayton, Missouri and one and one-half miles west of the City of St. Louis. Brentwood
is just minutes from area attractions such as Forest Park, the St. Louis Science Center, the St.
Louis Art Museum and the world renowned St. Louis Zoo. Brentwood is also in close proximity to Interstate 170, Interstate
44, and Interstate 64. As of the 2010 US Census, the city of Brentwood had a population of 8,055.
www.brentwoodmo.org
St. Louis is a city in eastern Missouri located along the Mississippi River. The St. Louis metropolitan area,
known as Greater St. Louis, includes the city as well nearby areas in Missouri and Illinois and is among the
20 largest metropolitan areas in the United States with a population of 2,900,605.
The economy of St. Louis relies on service, manufacturing, trade, transportation of goods, and tourism. The city is home to
several major corporations, including Express Scripts, Emerson Electric, Monsanto, Anheuser-Busch, Reinsurance Group
of America, Centene, Peabody Energy, Ameren, Graybar Electric, Enterprise Rent-A-Car and Edward Jones Investments.
www.stlouis-mo.gov
LOCATION OVERVIEW
LOCATION OVERVIEW
13. 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