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Broker

Doug Passon

Fortis Net Lease
Managing Partner
  • 51Active Listings
  • $99,970,373Active Volume
  • 0Under Contract
  • $0Volume
  • 12Closed Transactions
  • $19,622,608Sold Volume

Doug serves as Managing Partner and co-founder of Fortis Net Lease. His passion for the commercial real sector started in college while attending the University of Michigan and upon graduation, Doug started his career at a nationally-recognized, publicly traded real estate investment firm. When first starting out, he solely focused on building local relationships with merchant developers and quickly became one of the top agents in the firm’s Detroit office. After building long-standing relationships, Doug turned to the national net lease market as his sole focus. He specializes in the sale of shopping centers, single tenant retail, office, industrial and medical assets throughout the United States. Since the inception of Doug’s career in the real estate investment sector, he has participated in billions of dollars of transactions in nearly every state. In Doug’s spare time, he enjoys spending time with his wife and three children. He also enjoys traveling with his family and friends on various business & leisure trips.

Licensed in: MI
30445 Northwestern Hwy, Suite #275 Farmington Hills, MI 48334

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655 East Broadway Boulevard, Sedalia, MO , 65301
  • Size SF2,130
  • Built/Renov2024
  • Price/SF$1,002
  • Lease Start12-01-2024
  • Rent/SF$60.09
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI31,165

2,133,333

  • Cap Rate 6.00%
  • NOI $128,000
  • R. Term/Yrs 25.2
  • Guarantor Franchisee
  • # Units 350
  • New construction

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Strong tenant synergy

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Top franchise operator

  • ...
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 350
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
1901 East 1st Street, Chandler, OK , 74834
  • Size SF2,130
  • Built/Renov2024
  • Price/SF$908
  • Lease Start12-01-2024
  • Rent/SF$54.46
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI5,545

1,933,333

  • Cap Rate 6.00%
  • NOI $116,000
  • R. Term/Yrs 25.2
  • Guarantor Franchisee
  • # Units 350
  • New construction

  • Dense retail corridor

  • Highway location

  • Strong tenant synergy

  • Top 100 MSA

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Top franchise operator

  • ...
  • Tenant Taco bell
  • Guarantor Franchisee
  • #Units 350
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
621 East State Street, Georgetown, OH , 45121
  • Size SF7,225
  • Built/Renov2021
  • Price/SF$227
  • Lease Start10-27-2021
  • Rent/SF$13.64
  • Lease Type Double NN
  • Lot/AC1.02
  • Pop 5MI5,670

1,642,116

  • Cap Rate 6.00%
  • NOI $98,527
  • R. Term/Yrs 12.1
  • Guarantor Corp R + T
  • # Units 6,095
  • New construction

  • Build to suit

  • Near major nationals

  • Top 100 MSA

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant O'Reilly Auto Parts
  • Guarantor Corp T and Rated
  • #Units 6,095
  • Moody's/S&P Baa1/ BBB
  • Stock NASDAQ: ORLY
21800 Greater Mack Avenue, St. Clair Shores, MI , 48080
  • Size SF6,375
  • Built/Renov1980
  • Price/SF$325
  • Lease Start08-01-2023
  • Rent/SF$22.75
  • Lease Type Abs NNN
  • Lot/AC1.56
  • Pop 5MI269,104

2,071,429

  • Cap Rate 7.00%
  • NOI $145,000
  • R. Term/Yrs 3.10
  • Guarantor Corp R + T
  • # Units 1,100
  • Near major nationals

  • Strategically located

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Annual rent increases

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Citizens Bank
  • Guarantor Corp T and Rated
  • #Units 1,100
  • Moody's/S&P A3/ A-
  • Stock NYSE: CFG
13459 Eureka Road, Southgate, MI , 48195
  • Size SF6,200
  • Built/Renov2009
  • Price/SF$256
  • Lease Start12-17-2009
  • Rent/SF$19.81
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI187,657

1,585,161

  • Cap Rate 7.75%
  • NOI $122,850
  • R. Term/Yrs 5.10
  • Guarantor Corp R + T
  • # Units 5,105
  • In location for years

  • Near major nationals

  • Freeway close

  • Strong tenant synergy

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Advance Auto Parts
  • Guarantor Corp T and Rated
  • #Units 5,105
  • Moody's/S&P Baa3/ BB+
  • Stock NYSE: AAP
7637 North Woodbridge Road, Brohman, MI , 49312
  • Size SF9,413
  • Built/Renov2018
  • Price/SF$113
  • Lease Start10-05-2017
  • Rent/SF$9.18
  • Lease Type Abs NNN
  • Lot/AC2.00
  • Pop 5MI1,829

1,066,568

  • Cap Rate 8.10%
  • NOI $86,392
  • R. Term/Yrs 9.1
  • Guarantor Corp R + T
  • # Units 19,986
  • Signalized intersection

  • Hard corner intersection

  • Strategically located

  • Absolute NNN

  • Limited competition

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
16006 Southfield Road, Allen Park, MI , 48101
  • Size SF600
  • Built/Renov2023
  • Price/SF$2,319
  • Lease Start03-01-2024
  • Rent/SF$133.33
  • Lease Type Abs NNN
  • Lot/AC0.53
  • Pop 5MI298,309

1,391,304

  • Cap Rate 5.75%
  • NOI $80,000
  • R. Term/Yrs 14.5
  • Guarantor Franchisee
  • # Units 155
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Freeway close

  • Strong tenant synergy

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Brand new lease

  • Long 10+ yr lease

  • 100+ unit franchisee backed

  • ...
  • Tenant Caribou Coffee
  • Guarantor Franchisee
  • #Units 155
  • Stock Private
2504 Truax Boulevard, Eau Claire, WI , 54703
  • Size SF20,000
  • Built/Renov2024
  • Price/SF$195
  • Lease Start12-01-2024
  • Rent/SF$13.05
  • Lease Type Abs NNN
  • Pop 5MI67,046

3,895,500

  • Cap Rate 6.70%
  • NOI $261,000
  • R. Term/Yrs 15.2
  • Guarantor Corporate
  • # Units 1,700
  • New construction

  • Build to suit

  • Near major nationals

  • Strategically located

  • Hospital close

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • Tenant Caliber Collision
  • Guarantor Corporate
  • #Units 1,700
  • Stock Private
1313 North Lake Street, Aurora, IL , 60506
  • Size SF10,234
  • Built/Renov1986/2004
  • Price/SF$203
  • Lease Start12-01-2015
  • Rent/SF$16.22
  • Lease Type NN+
  • Lot/AC1.17
  • Pop 5MI206,683

2,075,550

  • Cap Rate 8.00%
  • NOI $166,044
  • R. Term/Yrs 1.2
  • Guarantor Corp Traded
  • # Units 813
  • Build to suit

  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Favorable NN+ lease

  • Corporate Guarantee

  • Publicly traded company

  • ...
  • Tenant Gerber Collision & Glass
  • Guarantor Corp Traded
  • #Units 813
  • Stock TSX: BYD.TO
51779 Van Dyke Avenue, Shelby Township, MI , 48316
  • Size SF11,000
  • Built/Renov2006
  • Price/SF$265
  • Lease Start11-01-2024
  • Rent/SF$22.91
  • Lease Type Abs NNN
  • Lot/AC1.40
  • Pop 5MI184,990

2,913,294

  • Cap Rate 8.65%
  • NOI $252,000
  • R. Term/Yrs 15.1
  • Guarantor Franchisee
  • # Units 1
  • Build to suit

  • Near major nationals

  • Strategically located

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant The Learning Experience
  • Guarantor Franchisee
  • #Units 1
  • Stock Private
3800 29th Street, Moline, IL , 61265
  • Size SF2,913
  • Built/Renov1987
  • Price/SF$128
  • Lease Start11-15-2021
  • Rent/SF$12.76
  • Lease Type Abs NNN
  • Lot/AC0.30
  • Pop 5MI130,909

371,632

  • Cap Rate 10.00%
  • NOI $37,163
  • R. Term/Yrs 2.1
  • Guarantor Corporate
  • # Units 1
  • In location for years

  • Near major nationals

  • Strategically located

  • Freeway close

  • Strong demographics

  • Major MSA

  • Long operation history

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • Tenant Quad City Dental Laboratory
  • Guarantor Corporate
  • #Units 1
  • Stock Private
3065 Pepperell Parkway, Opelika, AL , 36801
  • Size SF2,800
  • Built/Renov2024
  • Price/SF$1,006
  • Lease Start01-01-2024
  • Rent/SF$57.86
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI81,295

2,817,391

  • Cap Rate 5.75%
  • NOI $162,000
  • R. Term/Yrs 20.3
  • Guarantor Franchisee
  • # Units 1
  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Freeway close

  • Strong tenant synergy

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Del Taco
  • Guarantor Franchisee
  • #Units 1
  • Stock NASDAQ: JACK
3045 Pepperell Parkway, Opelika, AL , 36801
  • Size SF2,089
  • Built/Renov2024
  • Price/SF$655
  • Lease Start08-28-2023
  • Rent/SF$31.12
  • Lease Type Abs NNN
  • Lot/AC0.84
  • Pop 5MI81,295

1,368,421

  • Cap Rate 4.75%
  • NOI $65,000
  • R. Term/Yrs 13.11
  • Guarantor Corp R + T
  • # Units 1,850
  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Freeway close

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Valvoline
  • Guarantor Corp T and Rated
  • #Units 1,850
  • Moody's/S&P Ba2/ BB
  • Stock NYSE: VVV
512 West Morrow Road, Sand Springs, OK , 74063
  • Size SF3,318
  • Built/Renov2024
  • Price/SF$1,254
  • Lease Start10-01-2024
  • Rent/SF$78.36
  • Lease Type Abs NNN
  • Lot/AC1.41
  • Pop 5MI36,754

4,160,000

  • Cap Rate 6.25%
  • NOI $260,000
  • R. Term/Yrs 20.0
  • Guarantor Franchisee
  • # Units 15
  • New construction

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • 24 hour store

  • Personal guarantee

  • ...
  • Tenant Whataburger
  • Guarantor Franchisee
  • #Units 15
  • Stock Private
40360 La Quinta Lane, Palmdale, CA , 93551
  • Size SF20,015
  • Built/Renov2007/2018
  • Price/SF$265
  • Lease Start03-01-2023
  • Rent/SF$13.50
  • Lease Type Modified Gross
  • Lot/AC2.35
  • Pop 5MI170,900

5,300,000

  • Cap Rate 5.10%
  • NOI $270,279
  • R. Term/Yrs 3.5
  • Guarantor Corporate
  • # Units 1,700
  • Hard corner intersection

  • Build to suit

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Accelerated depreciation

  • Annual rent increases

  • Corporate Guarantee

  • Over 1000 units backed

  • ...
  • Tenant Caliber Collision
  • Guarantor Corporate
  • #Units 1,700
  • Stock Private
21 South Washington Street, Du Quoin, IL , 62832
  • Size SF7,040
  • Built/Renov1973
  • Price/SF$84
  • Lease Start05-01-2018
  • Rent/SF$7.59
  • Lease Type Double NN
  • Lot/AC0.66
  • Pop 5MI9,351

593,333

  • Cap Rate 9.00%
  • NOI $53,400
  • R. Term/Yrs 0.8
  • Guarantor Corp R + T
  • # Units 19,986
  • New roof

  • Roof guarantee

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Strong tenant synergy

  • Top performing store

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
32811 Stephenson Hwy, Madison Heights, MI , 48071
  • Size SF2,784
  • Built/Renov1998
  • Price/SF$548
  • Lease Start02-02-1997
  • Rent/SF$26.40
  • Lease Type Abs NNN
  • Lot/AC1.05
  • Pop 5MI302,581

1,525,000

  • Cap Rate 4.82%
  • NOI $73,504
  • R. Term/Yrs 7.0
  • Guarantor Corp R + T
  • # Units 43,000
  • In location for years

  • Highway location

  • Strong tenant synergy

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant McDonald's
  • Guarantor Corp T and Rated
  • #Units 43,000
  • Moody's/S&P Baa1/ BBB+
  • Stock NYSE: MCD
3580 Utica Ridge Road, Bettendorf, IA , 52722
  • Size SF8,923
  • Built/Renov1980
  • Price/SF$224
  • Lease Start11-01-2017
  • Rent/SF$21.41
  • Lease Type Double NN
  • Lot/AC1.86
  • Pop 5MI157,093

2,000,000

  • Cap Rate 9.55%
  • NOI $191,076
  • R. Term/Yrs 1.0
  • Guarantor Corporate
  • # Units 1,100
  • New roof

  • Near major nationals

  • Strategically located

  • Freeway close

  • Strong tenant synergy

  • Dense 100M+ pop 5 mi

  • Strong demographics

  • Major MSA

  • Annual rent increases

  • Top franchise operator

  • ...
  • Tenant Keller Williams
  • Guarantor Corporate
  • #Units 1,100
  • Stock Private
299 Old Fort Road, Fort Deposit, AL , 36032
  • Size SF10,500
  • Built/Renov2024
  • Price/SF$166
  • Lease Start05-30-2024
  • Rent/SF$12.45
  • Lease Type Double NN
  • Lot/AC1.00
  • Pop 5MI1,654

1,743,000

  • Cap Rate 7.50%
  • NOI $130,725
  • R. Term/Yrs 9.8
  • Guarantor Corp R + T
  • # Units 1,200
  • New construction

  • Build to suit

  • Major MSA

  • Brand new lease

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Family Dollar | Dollar Tree
  • Guarantor Corp T and Rated
  • #Units 1,200
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR
25332 Straughn School Road, Andalusia, AL , 36421
  • Size SF10,500
  • Built/Renov2024
  • Price/SF$160
  • Lease Start06-01-2024
  • Rent/SF$12.00
  • Lease Type Double NN
  • Lot/AC1.00
  • Pop 5MI10,707

1,680,000

  • Cap Rate 7.50%
  • NOI $126,000
  • R. Term/Yrs 9.8
  • Guarantor Corp R + T
  • # Units 1,200
  • New construction

  • Build to suit

  • Strategically located

  • Brand new lease

  • Long 10+ yr lease

  • Limited competition

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Family Dollar | Dollar Tree
  • Guarantor Corp T and Rated
  • #Units 1,200
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR
2157 Pine Ridge Road, Naples, FL , 34109
  • Size SF106,690
  • Built/Renov1992/2010
  • Price/SF$226
  • Lease Start09-17-2021
  • Rent/SF$13.54
  • Lease Type Double NN
  • Lot/AC10.88
  • Pop 5MI123,026

24,075,000

  • Cap Rate 6.00%
  • NOI $1,444,500
  • R. Term/Yrs 12.0
  • Guarantor Corp R + T
  • # Units 221
  • Build to suit

  • Roof guarantee

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Floor & Decor
  • Guarantor Corp T and Rated
  • #Units 221
  • Moody's/S&P Ba3/ BB
  • Stock NYSE: FND
22250 Eureka Road, Taylor, MI , 48180
  • Size SF4,995
  • Built/Renov2024
  • Price/SF$770
  • Lease Start09-01-2024
  • Rent/SF$35.04
  • Lease Type Abs NNN
  • Lot/AC1.47
  • Pop 5MI211,669

3,846,154

  • Cap Rate 4.55%
  • NOI $175,000
  • R. Term/Yrs 14.11
  • Guarantor Corporate
  • # Units 2,982
  • New construction

  • Build to suit

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Brand new lease

  • Long 15+ yr lease

  • Over 2000 units backed

  • Corporate Guarantee

  • ...
  • Tenant Chick-fil-A
  • Guarantor Corporate
  • #Units 2,982
  • Stock Private
4110 Avenue Of The Cities, Moline, IL , 61265
  • Size SF12,760
  • Built/Renov1967
  • Price/SF$43
  • Lease Start03-01-2015
  • Rent/SF$3.91
  • Lease Type Double NN
  • Lot/AC0.46
  • Pop 5MI131,756

550,000

  • Cap Rate 9.06%
  • NOI $49,837
  • R. Term/Yrs 0.4
  • Guarantor Corp R + T
  • # Units 19,986
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Strong demographics

  • Major MSA

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
2500 South Jefferson Avenue, St. Louis, MO , 63104
  • Size SF8,400
  • Built/Renov2012
  • Price/SF$239
  • Lease Start04-30-2013
  • Rent/SF$19.37
  • Lease Type Double NN
  • Lot/AC0.67
  • Pop 5MI268,647

2,008,222

  • Cap Rate 8.10%
  • NOI $162,666
  • R. Term/Yrs 9.6
  • Guarantor Corp R + T
  • # Units 19,986
  • Hard corner intersection

  • In location for years

  • Near major nationals

  • Strategically located

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Recently extended lease

  • Limited competition

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
607 East Broad Street, Jonesboro, IL , 62952
  • Size SF9,014
  • Built/Renov2007
  • Price/SF$60
  • Lease Start05-01-2007
  • Rent/SF$4.83
  • Lease Type Double NN
  • Lot/AC0.93
  • Pop 5MI8,937

544,500

  • Cap Rate 8.00%
  • NOI $43,560
  • R. Term/Yrs 9.6
  • Guarantor Corp R + T
  • # Units 19,986
  • Build to suit

  • In location for years

  • Near major nationals

  • Strategically located

  • Highway close

  • Long operation history

  • Recently extended lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
925 U.S. 9, Schroon Lake, NY , 12870
  • Size SF9,184
  • Built/Renov2007
  • Price/SF$112
  • Lease Start10-04-2007
  • Rent/SF$9.11
  • Lease Type Double NN
  • Lot/AC1.82
  • Pop 5MI3,956

1,032,667

  • Cap Rate 8.10%
  • NOI $83,646
  • R. Term/Yrs 9.6
  • Guarantor Corp R + T
  • # Units 19,986
  • Build to suit

  • Strategically located

  • Freeway close

  • Highway location

  • Long operation history

  • Limited competition

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
1360 IN-32, Lebanon, IN , 46052
  • Size SF3,698
  • Built/Renov1983/2023
  • Price/SF$506
  • Lease Start06-24-2022
  • Rent/SF$41.78
  • Lease Type Abs NNN
  • Lot/AC1.24
  • Pop 5MI18,373

1,872,720

  • Cap Rate 8.25%
  • NOI $154,499
  • R. Term/Yrs 17.8
  • Guarantor Franchisee
  • # Units 24
  • Recent renovation

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway close

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Beef-A-Roo
  • Guarantor Franchisee
  • #Units 24
  • Stock Private
1111 U.S. 62, Harrison, AR , 72601
  • Size SF4,005
  • Built/Renov2023
  • Price/SF$764
  • Lease Start10-24-2022
  • Rent/SF$63.03
  • Lease Type Abs NNN
  • Lot/AC1.15
  • Pop 5MI19,652

3,060,000

  • Cap Rate 8.25%
  • NOI $252,450
  • R. Term/Yrs 18.2
  • Guarantor Franchisee
  • # Units 24
  • Recent renovation

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway location

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Personal guarantee

  • ...
  • Tenant Beef-A-Roo
  • Guarantor Franchisee
  • #Units 24
  • Stock Private
1501 West Hebron Parkway, Carrollton, TX , 75010
  • Size SF3,093
  • Built/Renov2016/2023
  • Price/SF$1,190
  • Lease Start10-24-2022
  • Rent/SF$95.22
  • Lease Type Abs NNN
  • Lot/AC1.04
  • Pop 5MI286,794

3,681,563

  • Cap Rate 8.00%
  • NOI $294,525
  • R. Term/Yrs 18.2
  • Guarantor Franchisee
  • # Units 24
  • Signalized intersection

  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Freeway close

  • Top 100 MSA

  • Income tax free state

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Beef-A-Roo
  • Guarantor Franchisee
  • #Units 24
  • Stock Private
1411 West Kearney Street, Springfield, MO , 65803
  • Size SF4,357
  • Built/Renov1989/2022
  • Price/SF$616
  • Lease Start06-22-2022
  • Rent/SF$49.25
  • Lease Type Abs NNN
  • Lot/AC1.19
  • Pop 5MI121,932

2,682,281

  • Cap Rate 8.00%
  • NOI $214,583
  • R. Term/Yrs 17.8
  • Guarantor Corporate
  • # Units 24
  • Recent renovation

  • Build to suit

  • Near major nationals

  • Strategically located

  • Freeway close

  • Dense 100M+ pop 5 mi

  • Major MSA

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Tenant Beef-A-Roo
  • Guarantor Corporate
  • #Units 24
  • Stock Private
1021 West Belt Line Road, DeSoto, TX , 75115
  • Size SF3,174
  • Built/Renov2016/2023
  • Price/SF$1,094
  • Lease Start11-23-2022
  • Rent/SF$87.49
  • Lease Type Abs NNN
  • Lot/AC0.87
  • Pop 5MI190,546

3,471,188

  • Cap Rate 8.00%
  • NOI $277,695
  • R. Term/Yrs 18.2
  • Guarantor Corporate
  • # Units 24
  • Recent renovation

  • Build to suit

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Tenant Beef-A-Roo
  • Guarantor Corporate
  • #Units 24
  • Stock Private
7070 Line Street, Shuqualak, MS , 39361
  • Size SF9,090
  • Built/Renov2019
  • Price/SF$123
  • Lease Start10-18-2019
  • Rent/SF$9.25
  • Lease Type Abs NNN
  • Lot/AC1.29
  • Pop 5MI822

1,121,307

  • Cap Rate 7.50%
  • NOI $84,098
  • R. Term/Yrs 9.10
  • Guarantor Corp R + T
  • # Units 19,986
  • Build to suit

  • Strategically located

  • Highway location

  • Absolute NNN

  • Limited competition

  • Traded and rated company

  • Over 2000 units backed

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
517 South 2nd Street, Ripley, OH , 45167
  • Size SF9,214
  • Built/Renov2020
  • Price/SF$145
  • Lease Start03-28-2019
  • Rent/SF$10.48
  • Lease Type Abs NNN
  • Lot/AC1.66
  • Pop 5MI3,710

1,331,834

  • Cap Rate 7.25%
  • NOI $96,558
  • R. Term/Yrs 9.6
  • Guarantor Corp R + T
  • # Units 19,986
  • Build to suit

  • Major thoroughfare

  • Strategically located

  • Absolute NNN

  • Limited competition

  • Traded and rated company

  • Over 2000 units backed

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
39603 MS-63, Richton, MS , 39476
  • Size SF9,244
  • Built/Renov2019
  • Price/SF$122
  • Lease Start06-26-2019
  • Rent/SF$9.14
  • Lease Type Abs NNN
  • Lot/AC2.12
  • Pop 5MI1,207

1,126,640

  • Cap Rate 7.50%
  • NOI $84,498
  • R. Term/Yrs 9.9
  • Guarantor Corp R + T
  • # Units 19,986
  • Build to suit

  • Strategically located

  • Highway location

  • Absolute NNN

  • Limited competition

  • Traded and rated company

  • Over 2000 units backed

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
2248 Simpson Highway 28 West, Pinola, MS , 39149
  • Size SF9,139
  • Built/Renov2021
  • Price/SF$136
  • Lease Start02-10-2021
  • Rent/SF$9.96
  • Lease Type Abs NNN
  • Lot/AC1.36
  • Pop 5MI1,899

1,238,993

  • Cap Rate 7.35%
  • NOI $91,066
  • R. Term/Yrs 11.5
  • Guarantor Corp R + T
  • # Units 19,986
  • Signalized intersection

  • Hard corner intersection

  • Strategically located

  • Highway location

  • Absolute NNN

  • Limited competition

  • Traded and rated company

  • Over 2000 units backed

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
48 U.S. 51, Pickens, MS , 39146
  • Size SF9,232
  • Built/Renov2019
  • Price/SF$115
  • Lease Start02-26-2019
  • Rent/SF$9.35
  • Lease Type Abs NNN
  • Lot/AC3.19
  • Pop 5MI1,725

1,066,210

  • Cap Rate 8.10%
  • NOI $86,363
  • R. Term/Yrs 10.2
  • Guarantor Corp R + T
  • # Units 19,986
  • Build to suit

  • Strategically located

  • Highway location

  • Absolute NNN

  • Limited competition

  • Traded and rated company

  • Over 2000 units backed

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
1403 MS-540, Mendenhall, MS , 39114
  • Size SF9,237
  • Built/Renov2020
  • Price/SF$136
  • Lease Start11-11-2020
  • Rent/SF$10.01
  • Lease Type Abs NNN
  • Lot/AC1.55
  • Pop 5MI3,623

1,258,286

  • Cap Rate 7.35%
  • NOI $92,484
  • R. Term/Yrs 11.2
  • Guarantor Corp R + T
  • # Units 19,986
  • Signalized intersection

  • Hard corner intersection

  • Build to suit

  • Strategically located

  • Absolute NNN

  • Long 10+ yr lease

  • Limited competition

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
5135 MS-26, Lucedale, MS , 39452
  • Size SF9,130
  • Built/Renov2016
  • Price/SF$114
  • Lease Start03-01-2027
  • Rent/SF$8.84
  • Lease Type Abs NNN
  • Lot/AC2.01
  • Pop 5MI1,473

1,040,900

  • Cap Rate 7.75%
  • NOI $80,671
  • R. Term/Yrs 7.5
  • Guarantor Corp R + T
  • # Units 19,986
  • Build to suit

  • Strategically located

  • Highway location

  • Strong tenant synergy

  • Absolute NNN

  • Limited competition

  • Traded and rated company

  • Over 2000 units backed

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
333 South Madison Street, Mathiston, MS , 39752
  • Size SF10,806
  • Built/Renov2021
  • Price/SF$142
  • Lease Start10-15-2021
  • Rent/SF$10.47
  • Lease Type Abs NNN
  • Lot/AC1.60
  • Pop 5MI3,736

1,539,333

  • Cap Rate 7.35%
  • NOI $113,141
  • R. Term/Yrs 12.1
  • Guarantor Corp R + T
  • # Units 19,986
  • Hard corner intersection

  • Build to suit

  • Near major nationals

  • Strategically located

  • Highway location

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
2301 NY-37, Fort Covington, NY , 12937
  • Size SF9,219
  • Built/Renov2015
  • Price/SF$125
  • Lease Start08-09-2015
  • Rent/SF$10.16
  • Lease Type Abs NNN
  • Lot/AC2.00
  • Pop 5MI2,186

1,156,210

  • Cap Rate 8.10%
  • NOI $93,653
  • R. Term/Yrs 5.11
  • Guarantor Corp R + T
  • # Units 19,986
  • Build to suit

  • Strategically located

  • Highway location

  • Strong tenant synergy

  • Absolute NNN

  • Traded and rated company

  • Over 2000 units backed

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG

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