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Surmount

About Company

Armond Aivazyan is a Senior Vice President with Surmount. Armond joined NNN Pro in 2024 and specializes in net-lease property dispositions, acquisitions, 1031 exchange transactions, and sale-leasebacks, providing tailored property valuation and portfolio strategies to clients nationwide. With over a decade of experience, Armond has closed transactions with an aggregate value exceeding $500 million, with transaction sizes ranging from $1 million to $60 million. He has successfully advised REITs, developers, public and private companies, family offices, franchisees, DST sponsors, and high net worth investors. His expertise spans diverse retail and industrial sectors, including net-leased restaurants, automotive properties, grocery stores, dollar stores, medical facilities, Walgreens portfolios, and FedEx distribution centers. Prior to working with Surmount, Armond worked at Marcus & Millichap where he originated and executed net-lease transactions, conducted in-depth market research, and provided strategic investment solutions. He graduated cum laude from the University of California, Riverside.

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4670 E Tropicana Ave, Las Vegas, NV , 89121
  • Size SF9,485
  • Built/Renov1985
  • Price/SF$464
  • Lease Start08-01-2023
  • Rent/SF$13.91
  • Lease Type Double NN
  • Lot/AC2.13
  • Pop 5MI426,402

4,400,000

  • Cap Rate 3.00%
  • NOI $131,950
  • R. Term/Yrs 7.11
  • Guarantor Corp R + T
  • # Units 872
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Major thoroughfare

  • Dense 100M+ pop 5 mi

  • Major MSA

  • Brand new lease

  • Favorable NN+ lease

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Pep Boys
  • Guarantor Corp T and Rated
  • #Units 872
  • Moody's/S&P Ba3/ BB-
  • Stock NASDAQ: IEP
111 Terry Road, Smithtown, NY , 11787
  • Size SF10,125
  • Built/Renov1997
  • Price/SF$459
  • Lease Start07-17-1997
  • Rent/SF$24.24
  • Lease Type Abs NNN
  • Lot/AC1.40
  • Pop 5MI199,434

4,650,000

  • Cap Rate 5.28%
  • NOI $245,470
  • R. Term/Yrs 3.5
  • Guarantor Corp R + T
  • # Units 9,144
  • Recent building upgrades

  • Roof guarantee

  • Major thoroughfare

  • Highway location

  • Dense 100M+ pop 5 mi

  • Major MSA

  • Long operation history

  • Accelerated depreciation

  • Traded and rated company

  • Publicly traded company

  • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,144
  • Moody's/S&P Baa3/ BBB
  • Stock NYSE: CVS
3106 Solomons Island Road, Edgewater, MD , 21037
  • Size SF14,820
  • Built/Renov2006
  • Price/SF$239
  • Lease Start04-28-2006
  • Rent/SF$22.13
  • Lease Type Abs NNN
  • Lot/AC3.19
  • Pop 5MI95,118

3,546,000

  • Cap Rate 9.25%
  • NOI $328,000
  • R. Term/Yrs 5.7
  • Guarantor Corp R + T
  • # Units 12,500
  • Oversized lot

  • In location for years

  • Major thoroughfare

  • Near major nationals

  • Dense 100M+ pop 5 mi

  • Major MSA

  • Long 20+ yr lease

  • Accelerated depreciation

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 12,500
  • Moody's/S&P Ba3/ BB-
  • Stock NASDAQ: WBA
6700 Ritchie Hwy, Glen Burnie, MD , 21061
  • Size SF14,490
  • Built/Renov2005
  • Price/SF$170
  • Lease Start07-23-2005
  • Rent/SF$15.73
  • Lease Type Abs NNN
  • Lot/AC2.21
  • Pop 5MI180,397

2,465,000

  • Cap Rate 9.25%
  • NOI $228,000
  • R. Term/Yrs 4.11
  • Guarantor Corp R + T
  • # Units 12,500
  • Oversized lot

  • In location for years

  • Dense retail corridor

  • Highway location

  • Dense 100M+ pop 5 mi

  • Major MSA

  • Long 20+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • Publicly traded company

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 12,500
  • Moody's/S&P Ba3/ BB-
  • Stock NASDAQ: WBA
7200 Roosevelt Road, Forest Park, IL , 60130
  • Size SF12,209
  • Built/Renov1995
  • Price/SF$412
  • Lease Start02-23-2023
  • Rent/SF$26.76
  • Lease Type Abs NNN
  • Lot/AC0.89
  • Pop 5MI623,435

5,027,262

  • Cap Rate 6.50%
  • NOI $326,772
  • R. Term/Yrs 12.60
  • Guarantor Corp R + T
  • # Units 12,500
  • Hard corner intersection

  • In location for years

  • Dense retail corridor

  • Central metro location

  • Dense 200M+ pop 5 mi

  • Major MSA

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Over 2000 units backed

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 12,500
  • Moody's/S&P Ba3/ BB-
  • Stock NASDAQ: WBA

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