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Patrick Luther

SRS National Net Lease Group
Managing Principal and Co-Founder
  • 43Active Listings
  • $127,453,000Active Volume
  • 0Under Contract
  • $0Volume
  • 221Closed Transactions
  • $197,638,000Sold Volume

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of single-tenant, NNN-leased investments, including national portfolios.

Licensed in: CA
8144 Walnut Hill Lane Suite 1200 Dallas, TX 75231

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8953 Virginia Parkway, McKinney, TX , 75071
  • Size SF14,391
  • Built/Renov2011
  • Price/SF$501
  • Lease Start12-21-2011
  • Rent/SF$27.24
  • Lease Type Abs NNN
  • Lot/AC1.87
  • Pop 5MI249,516

7,207,000

  • Cap Rate 5.44%
  • NOI $392,028
  • R. Term/Yrs 10.11
  • Guarantor Corp R + T
  • # Units 9,144
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Major thoroughfare

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Absolute NNN

  • Top performing store

  • Corporate Guarantee

  • Over 1000 units backed

  • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,144
  • Moody's/S&P Baa3/ BBB
  • Stock NYSE: CVS
2313 West University Drive, McKinney, TX , 75071
  • Size SF13,008
  • Built/Renov2011
  • Price/SF$430
  • Lease Start12-21-2011
  • Rent/SF$23.37
  • Lease Type Abs NNN
  • Lot/AC1.95
  • Pop 5MI154,710

5,589,000

  • Cap Rate 5.44%
  • NOI $304,007
  • R. Term/Yrs 10.11
  • Guarantor Corp R + T
  • # Units 9,144
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Freeway visibility

  • Top 100 MSA

  • Strong demographics

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • Over 1000 units backed

  • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,144
  • Moody's/S&P Baa3/ BBB
  • Stock NYSE: CVS
1834 West Grant Street, Phoenix, AZ , 85007
  • Size SF2,988
  • Built/Renov1987
  • Price/SF$815
  • Lease Start04-01-2007
  • Rent/SF$46.85
  • Lease Type Abs NNN
  • Lot/AC0.61
  • Pop 5MI345,514

2,435,000

  • Cap Rate 5.75%
  • NOI $140,000
  • R. Term/Yrs 6.2
  • Guarantor Corp R + T
  • # Units 16,700
  • Signalized intersection

  • Hard corner intersection

  • Strategically located

  • Freeway visibility

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Limited competition

  • Corporate Guarantee

  • Credit rated company

  • ...
  • Tenant Circle K
  • Guarantor Corp T and Rated
  • #Units 16,700
  • Moody's/S&P Baa1/ BBB+
  • Stock TSX: ATD
19671 West Indian School Road, Buckeye, AZ , 85396
  • Size SF1,724
  • Built/Renov2024
  • Price/SF$229
  • Lease Start11-01-2024
  • Rent/SF$0.01
  • Lease Type Abs NNN
  • Lot/AC0.72
  • Pop 5MI93,862

395,000

  • Cap Rate 0.01%
  • NOI $23
  • R. Term/Yrs 18.8
  • Guarantor Corporate
  • # Units 1
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Strong tenant synergy

  • Affluent suburb location

  • Population increase trend

  • Brand new lease

  • Absolute NNN

  • Traded and rated company

  • Personal guarantee

  • ...
  • Tenant Angie's Burger
  • Guarantor Corporate
  • #Units 1
  • Stock Private
1614 West 47th Street, Chicago, IL , 60609
  • Size SF13,891
  • Built/Renov2002
  • Price/SF$220
  • Lease Start09-26-2023
  • Rent/SF$22.00
  • Lease Type Abs NNN
  • Lot/AC0.93
  • Pop 5MI844,546

3,056,000

  • Cap Rate 10.00%
  • NOI $305,602
  • R. Term/Yrs 12.7
  • Guarantor Corp R + T
  • # Units 12,500
  • Hard corner intersection

  • Roof guarantee

  • High traffic 50M+ VPD

  • University college close

  • Dense 200M+ pop 5 mi

  • Business growth area

  • Long 15+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

  • Credit rated company

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 12,500
  • Moody's/S&P Ba3/ BB-
  • Stock NASDAQ: WBA
427 Andrews Highway, Midland, TX , 79701
  • Size SF1,963
  • Built/Renov1964
  • Price/SF$602
  • Lease Start10-30-2018
  • Rent/SF$39.15
  • Lease Type Abs NNN
  • Lot/AC0.50
  • Pop 5MI135,524

1,182,000

  • Cap Rate 6.50%
  • NOI $76,857
  • R. Term/Yrs 7.8
  • Guarantor Corp R + T
  • # Units 20,000
  • Re-purpose building

  • Hard corner intersection

  • Near major nationals

  • Freeway close

  • Dense 100M+ pop 5 mi

  • Population increase trend

  • Long 15+ yr lease

  • Favorable NN+ lease

  • Subsidiary guarantee

  • Top franchise operator

  • ...
  • Tenant Pizza Hut
  • Guarantor Corp T and Rated
  • #Units 20,000
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
405 West Army Trail Road, Bloomingdale, IL , 60108
  • Size SF3,047
  • Built/Renov1986/2024
  • Price/SF$786
  • Lease Start11-30--1
  • Rent/SF$47.14
  • Lease Type Abs NNN
  • Lot/AC1.31
  • Pop 5MI246,044

2,394,000

  • Cap Rate 6.00%
  • NOI $143,637
  • R. Term/Yrs 0.00
  • Guarantor Franchisee
  • # Units 11
  • Signalized intersection

  • Recent renovation

  • High traffic 50M+ VPD

  • Major thoroughfare

  • Dense retail corridor

  • Top 100 MSA

  • Strong demographics

  • Store sales reported

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Popeyes
  • Guarantor Franchisee
  • #Units 11
  • Stock NYSE: QSR
1213 Palm Bay Road Northeast, Melbourne, FL , 32905
  • Size SF16,844
  • Built/Renov2000/2010
  • Price/SF$271
  • Lease Start02-20-2024
  • Rent/SF$16.27
  • Lease Type Abs NNN
  • Lot/AC2.33
  • Pop 5MI153,387

4,567,000

  • Cap Rate 6.00%
  • NOI $273,996
  • R. Term/Yrs 13.0
  • Guarantor Corp R + T
  • # Units 13,532
  • Signalized intersection

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Near major nationals

  • Strong demographics

  • Income tax free state

  • Store sales reported

  • Long 10+ yr lease

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 13,532
  • Moody's/S&P Baa2/ BBB-
  • Stock NASDAQ: WBA
305 Meadowbrook Road, Jackson, MS , 39206
  • Size SF12,012
  • Built/Renov2008
  • Price/SF$416
  • Lease Start08-01-2024
  • Rent/SF$34.40
  • Lease Type Abs NNN
  • Lot/AC1.54
  • Pop 5MI97,358

5,000,000

  • Cap Rate 8.27%
  • NOI $413,258
  • R. Term/Yrs 8.5
  • Guarantor Corp R + T
  • # Units 9,395
  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,395
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: CVS
1821 East Spring Creek Parkway, Plano, TX , 75074
  • Size SF3,095
  • Built/Renov2004
  • Price/SF$679
  • Lease Start12-01-2024
  • Rent/SF$40.73
  • Lease Type Abs NNN
  • Lot/AC0.85
  • Pop 5MI310,129

2,101,000

  • Cap Rate 6.00%
  • NOI $126,066
  • R. Term/Yrs 13.9
  • Guarantor Franchisee
  • # Units 250
  • High traffic 50M+ VPD

  • Dense retail corridor

  • Highway close

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Chicken Express
  • Guarantor Franchisee
  • #Units 250
  • Stock Private
714 East Main Street, Allen, TX , 75002
  • Size SF5,678
  • Built/Renov2007
  • Price/SF$493
  • Lease Start12-01-2024
  • Rent/SF$28.34
  • Lease Type Abs NNN
  • Lot/AC1.31
  • Pop 5MI245,272

2,800,000

  • Cap Rate 5.75%
  • NOI $160,915
  • R. Term/Yrs 13.9
  • Guarantor Franchisee
  • # Units 250
  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Store sales reported

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Chicken Express
  • Guarantor Franchisee
  • #Units 250
  • Stock Private
1824 Texoma Parkway, Sherman, TX , 75090
  • Size SF2,518
  • Built/Renov2006
  • Price/SF$1,246
  • Lease Start12-01-2024
  • Rent/SF$74.75
  • Lease Type Abs NNN
  • Lot/AC0.43
  • Pop 5MI51,374

3,137,000

  • Cap Rate 6.00%
  • NOI $188,212
  • R. Term/Yrs 13.9
  • Guarantor Franchisee
  • # Units 250
  • High traffic 50M+ VPD

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Affluent suburb location

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Personal guarantee

  • ...
  • Tenant Chicken Express
  • Guarantor Franchisee
  • #Units 250
  • Stock Private
5501 Rowlett Road, Rowlett, TX , 75088
  • Size SF2,236
  • Built/Renov1997
  • Price/SF$1,459
  • Lease Start12-01-2024
  • Rent/SF$87.52
  • Lease Type Abs NNN
  • Lot/AC0.60
  • Pop 5MI222,663

3,262,000

  • Cap Rate 6.00%
  • NOI $195,705
  • R. Term/Yrs 13.9
  • Guarantor Franchisee
  • # Units 250
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Personal guarantee

  • ...
  • Tenant Chicken Express
  • Guarantor Franchisee
  • #Units 250
  • Stock Private
3722 North Preston Road, Celina, TX , 75009
  • Size SF3,744
  • Built/Renov2024
  • Price/SF$1,828
  • Lease Start08-01-2024
  • Rent/SF$111.52
  • Lease Type Abs NNN
  • Lot/AC1.91
  • Pop 5MI10,447

6,845,000

  • Cap Rate 6.10%
  • NOI $417,530
  • R. Term/Yrs 13.5
  • Guarantor Corp R + T
  • # Units 83,282
  • New construction

  • Hard corner intersection

  • Near major nationals

  • Highway close

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant 7-Eleven
  • Guarantor Corp T and Rated
  • #Units 83,282
  • Moody's/S&P Baa2/ A
  • Stock OTCMKTS: SVNDY
12425 South Freeway, Burleson, TX , 76028
  • Size SF12,000
  • Built/Renov2024
  • Price/SF$508
  • Lease Start08-01-2024
  • Rent/SF$33.00
  • Lease Type NN+
  • Lot/AC1.23
  • Pop 5MI156,410

6,092,000

  • Cap Rate 6.50%
  • NOI $396,000
  • R. Term/Yrs 13.5
  • Guarantor Corporate
  • # Units 200
  • New construction

  • Hard corner intersection

  • Near major nationals

  • Freeway visibility

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Corporate Guarantee

  • ...
  • Tenant Spec's
  • Guarantor Corporate
  • #Units 200
  • Stock Private
5501 Slide Road, Lubbock, TX , 79414
  • Size SF4,000
  • Built/Renov2024
  • Price/SF$682
  • Lease Start08-01-2024
  • Rent/SF$37.50
  • Lease Type Abs NNN
  • Lot/AC1.04
  • Pop 5MI240,668

2,727,000

  • Cap Rate 5.50%
  • NOI $150,000
  • R. Term/Yrs 13.5
  • Guarantor Franchisee
  • # Units 75
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Strong demographics

  • Major MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • 50+ unit franchisee backed

  • ...
  • Tenant Hawaiian Bros Island Grill
  • Guarantor Franchisee
  • #Units 75
  • Stock Private
1580 U.S. 72, Corinth, MS , 38834
  • Size SF2,500
  • Built/Renov2022
  • Price/SF$1,062
  • Lease Start10-01-2022
  • Rent/SF$63.75
  • Lease Type Double NN
  • Lot/AC1.42
  • Pop 5MI20,103

2,656,000

  • Cap Rate 6.00%
  • NOI $159,376
  • R. Term/Yrs 11.7
  • Guarantor Corp R + T
  • # Units 38,038
  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway location

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Starbucks
  • Guarantor Corp T and Rated
  • #Units 38,038
  • Moody's/S&P Baa1/ BBB+
  • Stock NASDAQ: SBUX
14020 Pilot Knob Road, Apple Valley, MN , 55124
  • Size SF14,672
  • Built/Renov2005/2011
  • Price/SF$281
  • Lease Start03-02-2006
  • Rent/SF$19.70
  • Lease Type Abs NNN
  • Lot/AC1.44
  • Pop 5MI196,392

4,129,000

  • Cap Rate 7.00%
  • NOI $289,000
  • R. Term/Yrs 5.1
  • Guarantor Corp R + T
  • # Units 13,532
  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 13,532
  • Moody's/S&P Baa2/ BBB-
  • Stock NASDAQ: WBA
Sinclair Drive & West Deyoung Street, Marion, IL , 62959
  • Size SF1,760
  • Built/Renov2023
  • Price/SF$1,132
  • Lease Start07-01-2024
  • Rent/SF$73.61
  • Lease Type Abs NNN
  • Lot/AC0.61
  • Pop 5MI28,775

1,993,000

  • Cap Rate 6.50%
  • NOI $129,550
  • R. Term/Yrs 13.4
  • Guarantor Franchisee
  • # Units 44
  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • 25+ unit franchisee backed

  • ...
  • Tenant Take 5 Oil Change
  • Guarantor Franchisee
  • #Units 44
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: DRVN
North 36th Street & Broadway Street, Quincy, IL , 62301
  • Size SF3,062
  • Built/Renov2024
  • Price/SF$894
  • Lease Start07-01-2024
  • Rent/SF$42.46
  • Lease Type Abs NNN
  • Lot/AC0.91
  • Pop 5MI48,512

2,737,000

  • Cap Rate 4.75%
  • NOI $130,000
  • R. Term/Yrs 13.4
  • Guarantor Corporate
  • # Units 736
  • New construction

  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • Over 500 units backed

  • ...
  • Tenant Raising Cane's
  • Guarantor Corporate
  • #Units 736
  • Stock Private
4427 53rd Avenue East, Bradenton, FL , 34203
  • Size SF3,202
  • Built/Renov1988/2005
  • Price/SF$1,013
  • Lease Start05-28-2024
  • Rent/SF$78.04
  • Lease Type NN+
  • Lot/AC1.02
  • Pop 5MI171,548

3,245,000

  • Cap Rate 7.70%
  • NOI $249,900
  • R. Term/Yrs 8.3
  • Guarantor Corporate
  • # Units 49
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Long 10+ yr lease

  • Corporate Guarantee

  • ...
  • Tenant Cookies Dispensary
  • Guarantor Corporate
  • #Units 49
  • Stock Private
14640 Northwest Freeway, Houston, TX , 77040
  • Size SF5,220
  • Built/Renov2014
  • Price/SF$476
  • Lease Start01-11-2015
  • Rent/SF$27.40
  • Lease Type NN+
  • Lot/AC0.70
  • Pop 5MI292,057

2,487,000

  • Cap Rate 5.75%
  • NOI $143,022
  • R. Term/Yrs 7.4
  • Guarantor Corp R + T
  • # Units 4,931
  • Dense retail corridor

  • Freeway visibility

  • Highway close

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Favorable NN+ lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Sherwin-Williams
  • Guarantor Corp T and Rated
  • #Units 4,931
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: SHW
5003 Raleigh Road Parkway West, Wilson, NC , 27896
  • Size SF5,330
  • Built/Renov2024
  • Price/SF$938
  • Lease Start09-01-2024
  • Rent/SF$46.90
  • Lease Type Abs NNN
  • Lot/AC1.94
  • Pop 5MI33,798

5,000,000

  • Cap Rate 5.00%
  • NOI $250,000
  • R. Term/Yrs 18.6
  • Guarantor Corporate
  • # Units 1,050
  • New construction

  • Signalized intersection

  • Dense retail corridor

  • Highway location

  • Strong tenant synergy

  • Major MSA

  • Brand new lease

  • Long 20+ yr lease

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • Tenant Wawa
  • Guarantor Corporate
  • #Units 1,050
  • Stock Private
Rock Springs Road & East Welch Road, Apopka, Florida , 32712
  • Size SF5,000
  • Built/Renov2024
  • Price/SF$784
  • Lease Start05-31-2024
  • Rent/SF$38.00
  • Lease Type Abs NNN
  • Lot/AC1.74
  • Pop 5MI114,626

3,918,000

  • Cap Rate 4.85%
  • NOI $190,000
  • R. Term/Yrs 13.4
  • Guarantor Corp R + T
  • # Units 16,700
  • New construction

  • Signalized intersection

  • Dense retail corridor

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Absolute NNN

  • Accelerated depreciation

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant Circle K
  • Guarantor Corp T and Rated
  • #Units 16,700
  • Moody's/S&P Baa1/ BBB+
  • Stock TSX: ATD
9755 Corporate Circle, Valley View, OH , 44125
  • Size SF45,423
  • Built/Renov2020
  • Price/SF$166
  • Lease Start04-01-2021
  • Rent/SF$11.61
  • Lease Type NN+
  • Lot/AC4.31
  • Pop 5MI193,017

7,531,000

  • Cap Rate 7.00%
  • NOI $527,170
  • R. Term/Yrs 4.9
  • Guarantor Corp R + T
  • # Units 1,000
  • Build to suit

  • Oversized lot

  • Near major nationals

  • Freeway close

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Favorable NN+ lease

  • Annual rent increases

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Goodman Global
  • Guarantor Corp T and Rated
  • #Units 1,000
  • Stock TYO: 6367
1101 MN-25, Buffalo, MN , 55313
  • Size SF2,076
  • Built/Renov1978/2024
  • Price/SF$642
  • Lease Start09-01-2024
  • Rent/SF$33.72
  • Lease Type Abs NNN
  • Lot/AC0.51
  • Pop 5MI21,707

1,333,000

  • Cap Rate 5.25%
  • NOI $70,000
  • R. Term/Yrs 13.6
  • Guarantor Corporate
  • # Units 2,700
  • Signalized intersection

  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Long 15+ yr lease

  • Absolute NNN

  • Over 2000 units backed

  • Corporate Guarantee

  • ...
  • Tenant Jersey Mike's
  • Guarantor Corporate
  • #Units 2,700
  • Stock Private
2121 Eastern Avenue, Plymouth, WI , 53073
  • Size SF7,385
  • Built/Renov2023
  • Price/SF$252
  • Lease Start12-01-2023
  • Rent/SF$15.11
  • Lease Type NN+
  • Lot/AC0.64
  • Pop 5MI14,171

1,860,000

  • Cap Rate 6.00%
  • NOI $111,583
  • R. Term/Yrs 12.9
  • Guarantor Corp R + T
  • # Units 6,095
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Affluent suburb location

  • Long 10+ yr lease

  • Favorable NN+ 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
8454 TN-3, Millington, TN , 38053
  • Size SF4,005
  • Built/Renov2000/2005
  • Price/SF$798
  • Lease Start04-01-2016
  • Rent/SF$41.87
  • Lease Type Abs NNN
  • Lot/AC1.25
  • Pop 5MI21,937

3,194,000

  • Cap Rate 5.25%
  • NOI $167,700
  • R. Term/Yrs 5.1
  • Guarantor Corporate
  • # Units 800
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Income tax free state

  • Absolute NNN

  • Accelerated depreciation

  • Corporate Guarantee

  • Over 500 units backed

  • ...
  • Tenant RaceTrac
  • Guarantor Corporate
  • #Units 800
  • Stock Private
1620 East Main Street, Barstow, CA , 92311
  • Size SF2,500
  • Built/Renov2024
  • Price/SF$1,418
  • Lease Start05-01-2024
  • Rent/SF$78.00
  • Lease Type NN+
  • Lot/AC0.78
  • Pop 5MI29,792

3,545,000

  • Cap Rate 5.50%
  • NOI $195,000
  • R. Term/Yrs 8.2
  • Guarantor Corp R + T
  • # Units 36,000
  • New construction

  • Signalized intersection

  • High traffic 50M+ VPD

  • Freeway visibility

  • Top 100 MSA

  • Brand new lease

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Starbucks
  • Guarantor Corp T and Rated
  • #Units 36,000
  • Moody's/S&P Baa1/ BBB+
  • Stock NASDAQ: SBUX
3131 South Kinnickinnic Avenue, Milwaukee, WI , 53207
  • Size SF1,710
  • Built/Renov1977
  • Price/SF$740
  • Lease Start05-01-2024
  • Rent/SF$48.07
  • Lease Type Abs NNN
  • Lot/AC0.36
  • Pop 5MI270,911

1,265,000

  • Cap Rate 6.50%
  • NOI $82,200
  • R. Term/Yrs 13.2
  • Guarantor Franchisee
  • # Units 38
  • Hard corner intersection

  • Near major nationals

  • Strategically located

  • Highway location

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • 25+ unit franchisee backed

  • ...
  • Tenant Pizza Hut
  • Guarantor Franchisee
  • #Units 38
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
75 Pine Lake Avenue, La Porte, IN , 46350
  • Size SF1,221
  • Built/Renov1991
  • Price/SF$958
  • Lease Start05-01-2024
  • Rent/SF$61.43
  • Lease Type Abs NNN
  • Lot/AC0.54
  • Pop 5MI34,636

1,170,000

  • Cap Rate 6.41%
  • NOI $75,000
  • R. Term/Yrs 13.2
  • Guarantor Franchisee
  • # Units 15
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Affluent suburb location

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Pizza Hut
  • Guarantor Franchisee
  • #Units 15
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
1412 Main Street, Crete, IL , 60417
  • Size SF2,089
  • Built/Renov2019
  • Price/SF$665
  • Lease Start05-01-2024
  • Rent/SF$43.08
  • Lease Type Abs NNN
  • Lot/AC0.14
  • Pop 5MI83,398

1,390,000

  • Cap Rate 6.47%
  • NOI $90,000
  • R. Term/Yrs 13.2
  • Guarantor Franchisee
  • # Units 47
  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway location

  • Top 100 MSA

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Pizza Hut
  • Guarantor Franchisee
  • #Units 47
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
6133 Taylor Road, Wendell, NC , 27591
  • Size SF2,700
  • Built/Renov2024
  • Price/SF$889
  • Lease Start05-01-2024
  • Rent/SF$44.44
  • Lease Type Abs NNN
  • Lot/AC1.03
  • Pop 5MI53,276

2,400,000

  • Cap Rate 5.00%
  • NOI $120,000
  • R. Term/Yrs 18.2
  • Guarantor Corp R + T
  • # Units 1,100
  • New construction

  • Signalized intersection

  • Near major nationals

  • Top 100 MSA

  • Affluent suburb location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant Fifth Third Bank
  • Guarantor Corp T and Rated
  • #Units 1,100
  • Moody's/S&P Baa1/ BBB+
  • Stock NASDAQ: FITB
605 South Church Street, Watertown, WI , 53094
  • Size SF5,148
  • Built/Renov2022
  • Price/SF$777
  • Lease Start05-01-2024
  • Rent/SF$47.72
  • Lease Type Abs NNN
  • Lot/AC1.12
  • Pop 5MI26,453

4,000,000

  • Cap Rate 6.14%
  • NOI $245,682
  • R. Term/Yrs 13.2
  • Guarantor Franchisee
  • # Units 38
  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • 25+ unit franchisee backed

  • ...
  • Tenant Pizza Hut
  • Guarantor Franchisee
  • #Units 38
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
808 Lake Harbour Drive, Ridgeland, MS , 39157
  • Size SF6,500
  • Built/Renov2001/2016
  • Price/SF$674
  • Lease Start05-01-2024
  • Rent/SF$46.15
  • Lease Type Abs NNN
  • Lot/AC1.49
  • Pop 5MI90,430

4,380,000

  • Cap Rate 6.85%
  • NOI $300,000
  • R. Term/Yrs 8.2
  • Guarantor Franchisee
  • # Units 9
  • Dense retail corridor

  • Near major nationals

  • Strong tenant synergy

  • Affluent suburb location

  • Major MSA

  • Brand new lease

  • Store sales reported

  • Absolute NNN

  • Long 10+ yr lease

  • Personal guarantee

  • ...
  • Tenant Buffalo Wild Wings
  • Guarantor Franchisee
  • #Units 9
  • Moody's/S&P B2/ B+
  • Stock Private
2900 Lamar Avenue, Paris, TX , 75460
  • Size SF2,164
  • Built/Renov2023
  • Price/SF$786
  • Lease Start06-01-2024
  • Rent/SF$47.13
  • Lease Type Abs NNN
  • Lot/AC0.63
  • Pop 5MI29,775

1,700,000

  • Cap Rate 6.00%
  • NOI $102,000
  • R. Term/Yrs 8.3
  • Guarantor Franchisee
  • # Units 126
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Strong tenant synergy

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • 100+ unit franchisee backed

  • ...
  • Tenant HTeaO
  • Guarantor Franchisee
  • #Units 126
  • Stock Private
1203 National Highway, La Vale, MD , 21502
  • Size SF5,804
  • Built/Renov1982
  • Price/SF$525
  • Lease Start08-01-2023
  • Rent/SF$36.75
  • Lease Type Abs NNN
  • Lot/AC1.35
  • Pop 5MI43,457

3,047,000

  • Cap Rate 7.00%
  • NOI $213,303
  • R. Term/Yrs 17.5
  • Guarantor Corporate
  • # Units 440
  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway location

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • Over 1000 units backed

  • ...
  • Tenant Bob Evans
  • Guarantor Corporate
  • #Units 440
  • Stock Private
4800 U.S. 89, Flagstaff, AZ , 86004
  • Size SF6,500
  • Built/Renov2007/2024
  • Price/SF$447
  • Lease Start05-01-2024
  • Rent/SF$27.50
  • Lease Type NN+
  • Lot/AC0.98
  • Pop 5MI50,012

2,905,000

  • Cap Rate 6.15%
  • NOI $178,750
  • R. Term/Yrs 8.2
  • Guarantor Corp Rated
  • # Units 153
  • Build to suit

  • Dense retail corridor

  • Shopping Ctr out-parcel

  • Highway location

  • Affluent suburb location

  • Brand new lease

  • Long 10+ yr lease

  • Favorable NN+ lease

  • Corporate Guarantee

  • Credit rated company

  • ...
  • Tenant Brakes Plus
  • Guarantor Corp Rated
  • #Units 153
  • Moody's/S&P B3/ B-
  • Stock Private
3540 East Main Street, Merrill, WI , 54452
  • Size SF1,533
  • Built/Renov2019
  • Price/SF$473
  • Lease Start02-07-2019
  • Rent/SF$27.19
  • Lease Type Abs NNN
  • Lot/AC0.45
  • Pop 5MI13,729

725,000

  • Cap Rate 5.75%
  • NOI $41,680
  • R. Term/Yrs 7.11
  • Guarantor Corp R + T
  • # Units 1,000
  • Signalized intersection

  • Hard corner intersection

  • Build to suit

  • Near major nationals

  • Shopping Ctr out-parcel

  • Strategically located

  • Absolute NNN

  • Accelerated depreciation

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Take 5 Oil Change
  • Guarantor Corp T and Rated
  • #Units 1,000
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: DRVN
4917 Colleyville Boulevard, Colleyville, TX , 76034
  • Size SF1,776
  • Built/Renov2023
  • Price/SF$1,157
  • Lease Start12-01-2024
  • Rent/SF$72.30
  • Lease Type Abs NNN
  • Lot/AC0.47
  • Pop 5MI263,254

2,054,000

  • Cap Rate 6.25%
  • NOI $128,400
  • R. Term/Yrs 13.10
  • Guarantor Franchisee
  • # Units 1
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Personal guarantee

  • ...
  • Tenant HTeaO
  • Guarantor Franchisee
  • #Units 1
  • Stock Private

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