Brand New NNN Walgreens for Sale in Salt Lake City, UT ~$7,600,000

*~$7,600,000

*NNN Rent is ~$453,000 per annum

NNN Walgreens - Not actual site

*25-Year Base Term

*Brand New Construction

*Rent to Commence October 2012

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What is a STNL?

STNL stands for Single Tenant Net Lease and is used to describe Net Leased investments which are leased to one single tenant.  Most NNN Leased Investments are STNL’s, however many NNN deals have two or more tenants.  An example of a NNN deal with more than one tenant would be a Starbucks Coffee & Metro PCS which share a building under two separate NNN Leases or a retail strip center where all tenants are wrapped into one NNN Lease. Both examples would be considered NNN Leased Investments; however they would not be STNL’s. The risk of default is spread out over more than on tenant in such NNN deals (i.e. Either Starbucks or Metro PCS corporate goes bankrupt, the other tenant continues to pay the rent due under their NNN lease) and can appeal to investors seeking to avoid putting all their eggs in one basket, though the investor no longer benefits from the simplicity of collecting one rent check from one tenant.

ref: http://gregorygarver.com/net-net-net/nnn-lease/nnn-stnl.html

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NNN Pilot Flying J Truck Stop for Sale in Carnesville, GA – Call (323) 696 1031

NNN Pilot Flying J Truck Stop

10226 Old Federal Highway | Carnesville, GA 30521

  
*representative property photo


ABOUT THIS PROPERTY

This fee simple interest in a leased service/gasoline station, Pilot Flying J (“Property”), in Carnesville, GA. is available for sale. The triple net-lease commenced on 5/13/08 and expires on 12/22/18.

  • Price – $13,379,200  /  Cap Rate – 7.00%
  • Corporate guaranteed by Pilot Flying J (550+ locations, 43 states)
  • One Percent (1.00%) Annual Increases
  • Pilot Flying J ranked #11 in Forbes 2011 List of America’s Largest Private Companies
  •  2011 Revenues: Over $17 Billion (Forbes)
  • 36 Acres directly off Interstate 85
     

AREA OVERVIEW

  • I-85 is the major and dominant corridor between Atlanta, North Carolina (Charlotte) and Virginia
  • Located 80 miles from the city of Atlanta, GA (2010 MSA population of 5,268,860)
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What does NNN stand for?

In regards to real estate the term “NNN” stands for “Net-Net-Net”, is pronounced “Triple Net” and represents the three most common, consequential real estate related expenses: 

N – Property Tax 

N – Insurance 

N – Maintenance 

In a NNN Lease, the tenant is responsible for paying the three nets (property tax, insurance, and maintenance).

ref: http://gregorygarver.com/net-net-net/nnn-lease/nnn.html

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Retail For Sale – 7/9/2012

Retail For Sale – 7/9/2012

New Listing AlertLoopNet

New LoopNet Listing Alert

New listings for your search: Retail For Sale – 7/9/2012

Search Sales Comps for Retail For Sale – 7/9/2012

Hardee’s (Corporate Lease) 
Oliver Springs, TN 
Property Type: Retail 
Property Size: 4,065 SF$1,560,000View Listing

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 Oxford Beverage Building 
Grosse Pointe Woods, MI 
Property Type: Retail 
Property Size: 3,554 SF$925,000View Listing

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 Baja Duty Free 
San Ysidro, CA 
Property Type: Retail 
Property Size: 5,520 SF$2,465,000View Listing

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 Satellite Plaza 
Colorado Springs, CO 
Property Type: Retail 
Property Size: 20,020 SF$2,000,000View Listing

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 Chase Bank Ground Lease 
Barrington, IL 
Property Type: Retail 
Property Size: 4,500 SF$11,000,000View Listing

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 Dollar General | Corporate Backed 15 Yr NNN Lease 
Silver Springs, NV 
Property Type: Retail 
Property Size: 9,100 SF$1,307,425View Listing

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 Dollar General | Brand New Construction 
Hawthorne, NV 
Property Type: Retail 
Property Size: 9,002 SF$1,559,250View Listing

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 Family Dollary, Pontiac, MI 
Pontiac, MI 
Property Type: Retail 
Property Size: 10,800 SF$806,353View Listing

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 Brand New Family Dollar | North of Denver 
Keenesburg, CO 
Property Type: Retail 
Property Size: 8,000 SF$1,152,000View Listing

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 Hollywood Walgreens | A+ Hard Corner | 24-Hour 
Los Angeles, CA 
Property Type: Retail 
Property Size: 13,387 SF$14,440,000View Listing

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 Sonic Drive-Thru 
Ripon, CA 
Property Type: Retail 
Property Size: 1,608 SF$2,300,000View Listing

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 PNC Bank – Investment Grade – Net Lease 
McDonough, GA 
Property Type: Retail 
Property Size: 4,128 SF$2,600,000View Listing

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 CVS “Off Market” Opportunities 
Dallas, TX 
Property Type: Retail 
Property Size: 35,629 SFPrice Not DisclosedView Listing

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 Walgreens 
Milwaukee, WI 
Property Type: Retail 
Property Size: 14,535 SF$5,067,000View Listing

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 Established NN Goody’ s | 9% Cap Rate 
Cairo, GA 
Property Type: Retail 
Property Size: 17,040 SF$792,000View Listing

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 Rio-Vista Plaza 
Fort Lauderdale, FL 
Property Type: Retail 
Property Size: 14,546 SF$7,600,000View Listing

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 Brand New Family Dollar | 10-Yr. Lease | Colorado 
Holyoke, CO 
Property Type: Retail 
Property Size: 8,000 SF$1,240,000View Listing

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 Lowes/Hobby Lobby 
Liverpool, NY 
Property Type: Retail 
Property Size: 187,000 SF$13,350,000View Listing

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View all listings that match your Retail For Sale – 7/9/2012 search criteria:

 
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NEW LISTING | Kohl’s | Chicago MSA | $12,231,000 | Long Term Lease | Investment Grade Tenant

NEW LISTING | Kohl’s | Chicago MSA | $12,231,000 | Long Term Lease | Investment Grade Tenant

KOHL’S
Round Lake Beach, IL (Chicago MSA)

INVESTMENT HIGHLIGHTS:OFFERING:

  • Located within the Chicago MSA
  • Investment grade tenant (S&P: BBB+)
  • Traffic volumes in excess of 28,000 VPD
  • No Landlord responsibilities
  • Rental escalation in the primary term
  • Average household income of $94,000 within five miles
  • Regional trade area anchored byWal-Mart Supercenter, Home Depot, Jewel-Osco, PETCO, LA Fitness and Super Kmart

Price: $12,231,100
Cap Rate: 6.00%

Sincerely,



Gregory Garver 1160 Mission StreetSuite 812

San Francisco CA  94103
Tel:  323.696.1031
Fax: 415.520.6589
CA DRE Broker 
#01716531



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NNN Listings for Sale

*Kodak Hollywood Campus**
*
*Price:*
$40,000,000
*Address:*
Los Angeles, CA
*Cap Rate:*
7.17% *Size:* 102,799 SF
*Lease Type:*
NNN

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