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Broker

Patrick Luther

SRS National Net Lease Group
Managing Principal and Co-Founder
  • 177Active Listing
  • 1Under Contract
  • 99Sold Transactions

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.

CA 01912215
8144 Walnut Hill Lane Suite 1200 Dallas, TX 75231

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1220 11th Street North, Sauk Rapids, MN , 56379
  • Size SF24,500
  • Built/Renov1979
  • Price/SF$108
  • Lease Start08-24-2022
  • Rent/SF$6.46
  • Lease Type Double NN
  • Lot/AC1.60
  • Pop 5MI98,697

2,638,000

  • Cap Rate 6.00%
  • NOI $158,256
  • R. Term/Yrs 13.8
  • Guarantor Corporate
  • # Units 1,605
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway visibility

  • University college close

  • Top 100 MSA

  • Long 10+ yr lease

  • Corporate Guarantee

  • Over 1000 units backed

  • ...
  • Tenant Caliber Collision
  • Guarantor Corporate
  • #Units 1,605
  • Stock Private
1485 North Dysart Road, Avondale, AZ , 85323
  • Size SF1,600
  • Built/Renov2023
  • Price/SF$1,441
  • Lease Start05-01-2024
  • Rent/SF$75.63
  • Lease Type Abs NNN
  • Lot/AC0.77
  • Pop 5MI226,993

2,305,000

  • Cap Rate 5.25%
  • NOI $121,000
  • R. Term/Yrs 15.4
  • Guarantor Corp R + T
  • # Units 850
  • New construction

  • Build to suit

  • Shopping Ctr out-parcel

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Accelerated depreciation

  • Traded and rated company

  • ...
  • Tenant Take 5 Oil Change
  • Guarantor Corp T and Rated
  • #Units 850
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: DRVN
432 Main Street, Grafton, OH , 44044
  • Size SF2,400
  • Built/Renov2023
  • Price/SF$848
  • Lease Start05-01-2024
  • Rent/SF$46.67
  • Lease Type Abs NNN
  • Lot/AC1.05
  • Pop 5MI34,798

2,036,000

  • Cap Rate 5.50%
  • NOI $112,000
  • R. Term/Yrs 20.4
  • Guarantor Franchisee
  • # Units 250
  • New construction

  • Near major nationals

  • Strategically located

  • Highway location

  • Affluent suburb location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Top franchise operator

  • ...
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 250
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
113 North Brooklyn Street, Berlin, WI , 54923
  • Size SF2,400
  • Built/Renov2023
  • Price/SF$998
  • Lease Start05-01-2024
  • Rent/SF$54.86
  • Lease Type Abs NNN
  • Lot/AC0.80
  • Pop 5MI7,545

2,394,000

  • Cap Rate 5.50%
  • NOI $131,658
  • R. Term/Yrs 20.4
  • Guarantor Franchisee
  • # Units 250
  • New construction

  • Near major nationals

  • Strategically located

  • Highway location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Personal guarantee

  • Top franchise operator

  • ...
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 250
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
1530 Campbell Street, Baker City, OR , 97814
  • Size SF2,400
  • Built/Renov2023
  • Price/SF$1,308
  • Lease Start05-01-2024
  • Rent/SF$65.38
  • Lease Type Abs NNN
  • Lot/AC0.36
  • Pop 5MI10,823

3,138,000

  • Cap Rate 5.00%
  • NOI $156,912
  • R. Term/Yrs 20.4
  • Guarantor Franchisee
  • # Units 250
  • New construction

  • Near major nationals

  • Strategically located

  • Freeway close

  • Highway location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Top franchise operator

  • ...
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 250
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
2001 Northwest 23rd Street, Oklahoma City, OK , 73106
  • Size SF950
  • Built/Renov2021
  • Price/SF$2,158
  • Lease Start12-01-2021
  • Rent/SF$107.89
  • Lease Type Abs NNN
  • Lot/AC0.49
  • Pop 5MI221,678

2,050,000

  • Cap Rate 5.00%
  • NOI $102,500
  • R. Term/Yrs 12.11
  • Guarantor Corp Traded
  • # Units 716
  • Major thoroughfare

  • Dense retail corridor

  • Shopping Ctr out-parcel

  • Strategically located

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • Publicly traded company

  • ...
  • Tenant Dutch Bros. Coffee
  • Guarantor Corp Traded
  • #Units 716
  • Stock NYSE: BROS
736 North Hewitt Drive, Hewitt, TX , 76643
  • Size SF827
  • Built/Renov2023
  • Price/SF$2,152
  • Lease Start11-01-2023
  • Rent/SF$107.62
  • Lease Type Abs NNN
  • Lot/AC0.54
  • Pop 5MI94,548

1,780,000

  • Cap Rate 5.00%
  • NOI $89,000
  • R. Term/Yrs 19.11
  • Guarantor Corporate
  • # Units 100
  • New construction

  • Near major nationals

  • WalMart out-parcel

  • Highway close

  • Strong demographics

  • Major MSA

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Tenant Salad and Go
  • Guarantor Corporate
  • #Units 100
  • Stock Private
2250 Precinct Line Road, Hurst, TX , 76054
  • Size SF827
  • Built/Renov2023
  • Price/SF$2,418
  • Lease Start11-01-2023
  • Rent/SF$120.92
  • Lease Type Abs NNN
  • Lot/AC0.54
  • Pop 5MI278,893

2,000,000

  • Cap Rate 5.00%
  • NOI $100,000
  • R. Term/Yrs 19.11
  • Guarantor Corporate
  • # Units 100
  • New construction

  • Near major nationals

  • Shopping Ctr out-parcel

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • Over 100 Units backed

  • ...
  • Tenant Salad and Go
  • Guarantor Corporate
  • #Units 100
  • Stock Private
3321 Lowery Parkway, Fultondale, AL , 35068
  • Size SF4
  • Built/Renov2007
  • Price/SF$1,486,486
  • Lease Start10-01-2007
  • Rent/SF$148,648.65
  • Lease Type NN+
  • Lot/AC4.00
  • Pop 5MI59,139

6,600,000

  • Cap Rate 10.00%
  • NOI $660,000
  • R. Term/Yrs 2.2
  • Guarantor Franchisee
  • # Units 1
  • In location for years

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Freeway visibility

  • Top 100 MSA

  • Store sales reported

  • Favorable NN+ lease

  • Personal guarantee

  • ...
  • Tenant Ashley Furniture
  • Guarantor Franchisee
  • #Units 1
  • Stock Private
5503 Villa Rd NW (55th Street NW & Chateau Rd NW), Rochester, MN , 55901
  • Size SF1,750
  • Built/Renov2023
  • Price/SF$2,077
  • Lease Start12-31-2023
  • Rent/SF$119.43
  • Lease Type Abs NNN
  • Lot/AC1.14
  • Pop 5MI86,540

3,635,000

  • Cap Rate 5.75%
  • NOI $209,000
  • R. Term/Yrs 16.0
  • Guarantor Franchisee
  • # Units 1
  • New construction

  • Hard corner intersection

  • Dense retail corridor

  • Highway close

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • Personal guarantee

  • ...
  • Tenant Take 5 Oil Change
  • Guarantor Franchisee
  • #Units 1
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: DRVN
2006 Southern Blvd SE, Rio Rancho, NM , 87124
  • Size SF3,181
  • Built/Renov2023
  • Price/SF$1,147
  • Lease Start12-31-2023
  • Rent/SF$46.21
  • Lease Type Abs NNN
  • Lot/AC1.30
  • Pop 5MI152,659

3,650,000

  • Cap Rate 4.03%
  • NOI $147,000
  • R. Term/Yrs 15.0
  • Guarantor Corporate
  • # Units 677
  • New construction

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Tenant Raising Cane's
  • Guarantor Corporate
  • #Units 677
  • Stock Private
3321 South Custer Road, McKinney, TX , 75070
  • Size SF4,227
  • Built/Renov2017
  • Price/SF$1,031
  • Lease Start03-01-2020
  • Rent/SF$61.85
  • Lease Type Abs NNN
  • Lot/AC1.39
  • Pop 5MI310,762

4,357,000

  • Cap Rate 6.00%
  • NOI $261,420
  • R. Term/Yrs 16.2
  • Guarantor Corporate
  • # Units 27
  • Dense retail corridor

  • Strategically located

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • Tenant Hat Creek Burger Company
  • Guarantor Corporate
  • #Units 27
  • Stock Private
3805 Gulf Breeze Parkway, Gulf Breeze, FL , 32563
  • Size SF5,964
  • Built/Renov2002
  • Price/SF$387
  • Lease Start12-01-2017
  • Rent/SF$24.21
  • Lease Type Abs NNN
  • Lot/AC1.33
  • Pop 5MI26,658

2,310,000

  • Cap Rate 6.25%
  • NOI $144,404
  • R. Term/Yrs 13.11
  • Guarantor Corporate
  • # Units 250
  • Near major nationals

  • Shopping Ctr out-parcel

  • Strategically located

  • Highway location

  • Affluent AHHI $100K 5 Mi

  • Major MSA

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • ...
  • Tenant Ruby Tuesday
  • Guarantor Corporate
  • #Units 250
  • Stock Private
2733 North Highway 123 Bypass, Seguin, TX , 78155
  • Size SF950
  • Built/Renov2023
  • Price/SF$2,486
  • Lease Start09-29-2023
  • Rent/SF$130.53
  • Lease Type Abs NNN
  • Lot/AC0.99
  • Pop 5MI39,301

2,362,000

  • Cap Rate 5.25%
  • NOI $124,000
  • R. Term/Yrs 14.2
  • Guarantor Corp Traded
  • # Units 716
  • New construction

  • Signalized intersection

  • Major thoroughfare

  • Highway location

  • Top 100 MSA

  • Affluent suburb location

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Publicly traded company

  • ...
  • Tenant Dutch Bros.
  • Guarantor Corp Traded
  • #Units 716
  • Stock NYSE: BROS
31875 Date Palm Drive, Cathedral City, CA , 92234
  • Size SF2,675
  • Built/Renov2023
  • Price/SF$991
  • Lease Start04-16-2023
  • Rent/SF$41.12
  • Lease Type Abs NNN
  • Lot/AC0.67
  • Pop 5MI103,484

2,650,000

  • Cap Rate 4.15%
  • NOI $110,000
  • R. Term/Yrs 19.4
  • Guarantor Franchisee
  • # Units 100
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • 100+ unit franchisee backed

  • ...
  • Tenant Dave's Hot Chicken
  • Guarantor Franchisee
  • #Units 100
  • Stock Private
5602 West Waters Avenue, Tampa, FL , 33634
  • Size SF5,555
  • Built/Renov2000/2012
  • Price/SF$396
  • Lease Start09-01-2014
  • Rent/SF$23.76
  • Lease Type Abs NNN
  • Lot/AC1.47
  • Pop 5MI270,153

2,200,000

  • Cap Rate 6.00%
  • NOI $132,000
  • R. Term/Yrs 0.0
  • Guarantor Corporate
  • # Units 135
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Income tax free state

  • Absolute NNN

  • Corporate Guarantee

  • Over 100 Units backed

  • ...
  • Tenant Mission BBQ
  • Guarantor Corporate
  • #Units 135
  • Stock Private
1080 Southwest 1st Avenue, Canby, OR , 97013
  • Size SF14,820
  • Built/Renov2007
  • Price/SF$348
  • Lease Start02-01-2023
  • Rent/SF$20.00
  • Lease Type Abs NNN
  • Lot/AC1.39
  • Pop 5MI43,154

5,155,000

  • Cap Rate 5.75%
  • NOI $296,400
  • R. Term/Yrs 14.1
  • Guarantor Corp R + T
  • # Units 8,896
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Brand new lease

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 8,896
  • Moody's/S&P Baa3/ BBB
  • Stock NASDAQ: WBA
1000 Boston Post Road, Old Saybrook, CT , 06475
  • Size SF24,000
  • Built/Renov1997
  • Price/SF$250
  • Lease Start04-01-1997
  • Rent/SF$18.75
  • Lease Type NN+
  • Lot/AC9.70
  • Pop 5MI23,594

6,000,000

  • Cap Rate 7.50%
  • NOI $450,000
  • R. Term/Yrs 4.1
  • Guarantor Corp Rated
  • # Units 994
  • Oversized lot

  • In location for years

  • Major thoroughfare

  • Highway location

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Long operation history

  • Favorable NN+ lease

  • Corporate Guarantee

  • Over 500 units backed

  • ...
  • Tenant Staples
  • Guarantor Corp Rated
  • #Units 994
  • Moody's/S&P B3/ B-
  • Stock Private
6408 West Cheyenne Avenue, Las Vegas, NV , 89108
  • Size SF1,088
  • Built/Renov2023
  • Price/SF$1,838
  • Lease Start04-01-2024
  • Rent/SF$91.91
  • Lease Type Abs NNN
  • Lot/AC0.44
  • Pop 5MI433,837

2,000,000

  • Cap Rate 5.00%
  • NOI $100,000
  • R. Term/Yrs 15.6
  • Guarantor Franchisee
  • # Units 20
  • New construction

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Rally's
  • Guarantor Franchisee
  • #Units 20
  • Stock Private
203 Woodland Drive Southwest, Wise, VA , 24293
  • Size SF2,550
  • Built/Renov2023
  • Price/SF$1,059
  • Lease Start12-01-2023
  • Rent/SF$60.78
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI14,169

2,700,000

  • Cap Rate 5.74%
  • NOI $155,000
  • R. Term/Yrs 24.12
  • Guarantor Franchisee
  • # Units 300
  • New construction

  • New prototype

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Top franchise operator

  • ...
  • Tenant Taco Bell
  • Guarantor Franchisee
  • #Units 300
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
714 South Main Street, Angels Camp, CA , 95222
  • Size SF2,115
  • Built/Renov1900/1981
  • Price/SF$796
  • Lease Start05-26-2021
  • Rent/SF$37.83
  • Lease Type Abs NNN
  • Lot/AC0.32
  • Pop 5MI5,647

1,684,000

  • Cap Rate 4.75%
  • NOI $80,004
  • R. Term/Yrs 12.5
  • Guarantor Corp R + T
  • # Units 83,282
  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway location

  • Affluent AHHI $100K 5 Mi

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • 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
8048 Highway 12, Wallace, CA , 95252
  • Size SF2,986
  • Built/Renov1970
  • Price/SF$599
  • Lease Start05-12-2021
  • Rent/SF$28.46
  • Lease Type Abs NNN
  • Lot/AC0.86
  • Pop 5MI4,359

1,789,000

  • Cap Rate 4.75%
  • NOI $84,996
  • R. Term/Yrs 12.4
  • Guarantor Corp R + T
  • # Units 83,282
  • Strategically located

  • Highway location

  • Affluent AHHI $100K 5 Mi

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • Limited competition

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant 7-Eleven
  • Guarantor Corp T and Rated
  • #Units 83,282
  • Moody's/S&P Baa2/ A
  • Stock OTCMKTS: SVNDY
NEC of Highway 83 & Liberty Blvd Penitas , 78576
  • Size SF5,174
  • Built/Renov2023
  • Price/SF$1,341
  • Lease Start10-06-2023
  • Rent/SF$53.65
  • Lease Type Abs NNN
  • Lot/AC1.68
  • Pop 5MI45,395

6,940,000

  • Cap Rate 4.00%
  • NOI $277,606
  • R. Term/Yrs 14.11
  • Guarantor Corporate
  • # Units 2,806
  • New construction

  • Major thoroughfare

  • Dense retail corridor

  • Strong tenant synergy

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Tenant Chick-fil-A
  • Guarantor Corporate
  • #Units 2,806
  • Stock Private
400 South Auburn Street, Colfax, CA , 95713
  • Size SF2,148
  • Built/Renov1968
  • Price/SF$2,696
  • Lease Start05-13-2021
  • Rent/SF$128.03
  • Lease Type Abs NNN
  • Lot/AC0.55
  • Pop 5MI11,748

5,790,000

  • Cap Rate 4.75%
  • NOI $275,004
  • R. Term/Yrs 12.5
  • Guarantor Corp R + T
  • # Units 83,282
  • Hard corner intersection

  • Highway close

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Absolute NNN

  • Long 10+ yr lease

  • Accelerated depreciation

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant 7-Eleven
  • Guarantor Corp T and Rated
  • #Units 83,282
  • Moody's/S&P Baa2/ A
  • Stock OTCMKTS: SVNDY
1161 US Highway 290 East, Brenham, TX , 77833
  • Size SF4,930
  • Built/Renov2023
  • Price/SF$1,337
  • Lease Start12-01-2023
  • Rent/SF$53.47
  • Lease Type Abs NNN
  • Lot/AC1.80
  • Pop 5MI22,669

6,590,000

  • Cap Rate 4.00%
  • NOI $263,583
  • R. Term/Yrs 14.11
  • Guarantor Corporate
  • # Units 2,806
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Affluent suburb location

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Tenant Chick-fil-A
  • Guarantor Corporate
  • #Units 2,806
  • Stock Private
5512 7th Street, Bay City, TX , 77414
  • Size SF5,173
  • Built/Renov2023
  • Price/SF$1,332
  • Lease Start11-01-2023
  • Rent/SF$53.28
  • Lease Type Abs NNN
  • Lot/AC2.00
  • Pop 5MI21,693

6,890,000

  • Cap Rate 4.00%
  • NOI $275,610
  • R. Term/Yrs 14.11
  • Guarantor Corporate
  • # Units 2,806
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Tenant Chick-fil-A
  • Guarantor Corporate
  • #Units 2,806
  • Stock Private
502 FM700, Big Spring, TX , 79720
  • Size SF4,930
  • Built/Renov2023
  • Price/SF$1,437
  • Lease Start11-01-2023
  • Rent/SF$57.48
  • Lease Type Abs NNN
  • Lot/AC2.80
  • Pop 5MI29,645

7,085,000

  • Cap Rate 4.00%
  • NOI $283,393
  • R. Term/Yrs 14.10
  • Guarantor Corporate
  • # Units 2,806
  • New construction

  • Signalized intersection

  • Near major nationals

  • Strong tenant synergy

  • Highway close

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Tenant Chick-fil-A
  • Guarantor Corporate
  • #Units 2,806
  • Stock Private
1525 Northwest Federal Highway, Stuart, FL , 34994
  • Size SF12,946
  • Built/Renov1976
  • Price/SF$229
  • Lease Start04-01-2024
  • Rent/SF$15.45
  • Lease Type Abs NNN
  • Lot/AC1.03
  • Pop 5MI108,694

2,963,000

  • Cap Rate 6.75%
  • NOI $200,000
  • R. Term/Yrs 15.3
  • Guarantor Franchisee
  • # Units 17
  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Major MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Badcock Home Furniture
  • Guarantor Franchisee
  • #Units 17
  • Moody's/S&P B2/ B
  • Stock Private
650 Lake Minnie Drive, Sanford, FL , 32773
  • Size SF21,240
  • Built/Renov2006
  • Price/SF$165
  • Lease Start04-01-2024
  • Rent/SF$11.13
  • Lease Type Abs NNN
  • Lot/AC2.78
  • Pop 5MI205,000

3,503,000

  • Cap Rate 6.75%
  • NOI $236,457
  • R. Term/Yrs 15.3
  • Guarantor Franchisee
  • # Units 17
  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Badcock Home Furniture
  • Guarantor Franchisee
  • #Units 17
  • Moody's/S&P B2/ B
  • Stock Private
512 Northwest Park Street, Okeechobee, FL , 34972
  • Size SF10,386
  • Built/Renov1973
  • Price/SF$256
  • Lease Start04-01-2024
  • Rent/SF$17.29
  • Lease Type Abs NNN
  • Lot/AC0.49
  • Pop 5MI25,569

2,661,000

  • Cap Rate 6.75%
  • NOI $179,588
  • R. Term/Yrs 15.3
  • Guarantor Franchisee
  • # Units 17
  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Personal guarantee

  • ...
  • Tenant Badcock Home Furniture
  • Guarantor Franchisee
  • #Units 17
  • Moody's/S&P B2/ B
  • Stock Private
594 US Highway 27, Lake Placid, FL , 33852
  • Size SF20,346
  • Built/Renov2003
  • Price/SF$151
  • Lease Start04-01-2024
  • Rent/SF$10.17
  • Lease Type Abs NNN
  • Lot/AC1.12
  • Pop 5MI18,625

3,067,000

  • Cap Rate 6.75%
  • NOI $207,000
  • R. Term/Yrs 15.3
  • Guarantor Franchisee
  • # Units 17
  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Personal guarantee

  • ...
  • Tenant Badcock Home Furniture
  • Guarantor Franchisee
  • #Units 17
  • Moody's/S&P B2/ B
  • Stock Private
5045 U.S. 1, Fort Pierce, FL , 34982
  • Size SF22,277
  • Built/Renov1988
  • Price/SF$176
  • Lease Start04-01-2024
  • Rent/SF$11.90
  • Lease Type Abs NNN
  • Lot/AC1.42
  • Pop 5MI102,601

3,926,000

  • Cap Rate 6.75%
  • NOI $265,000
  • R. Term/Yrs 13.3
  • Guarantor Franchisee
  • # Units 17
  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Tenant Badcock Home Furniture
  • Guarantor Franchisee
  • #Units 17
  • Moody's/S&P B2/ B
  • Stock Private
16302 Southeast Highway 19, Cross City, FL , 32628
  • Size SF6,816
  • Built/Renov1950/1990
  • Price/SF$295
  • Lease Start04-01-2024
  • Rent/SF$19.92
  • Lease Type Abs NNN
  • Lot/AC0.32
  • Pop 5MI5,737

2,012,000

  • Cap Rate 6.75%
  • NOI $135,788
  • R. Term/Yrs 13.3
  • Guarantor Franchisee
  • # Units 17
  • Major thoroughfare

  • Near major nationals

  • Strategically located

  • Highway location

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Annual rent increases

  • Personal guarantee

  • ...
  • Tenant Badcock Home Furniture
  • Guarantor Franchisee
  • #Units 17
  • Moody's/S&P B2/ B
  • Stock Private
1480 Northwest 25th Avenue, Chiefland, FL , 32626
  • Size SF13,003
  • Built/Renov2002/2006
  • Price/SF$222
  • Lease Start04-01-2024
  • Rent/SF$15.00
  • Lease Type Abs NNN
  • Lot/AC2.41
  • Pop 5MI8,337

2,890,000

  • Cap Rate 6.75%
  • NOI $195,059
  • R. Term/Yrs 13.3
  • Guarantor Franchisee
  • # Units 17
  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway location

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Annual rent increases

  • Personal guarantee

  • ...
  • Tenant Badcock Home Furniture
  • Guarantor Franchisee
  • #Units 17
  • Moody's/S&P B2/ B
  • Stock Private
521 Hughes Road, Auburndale, FL , 33823
  • Size SF18,277
  • Built/Renov2006/2009
  • Price/SF$223
  • Lease Start04-01-2024
  • Rent/SF$15.05
  • Lease Type Abs NNN
  • Lot/AC0.68
  • Pop 5MI92,959

4,074,000

  • Cap Rate 6.75%
  • NOI $275,000
  • R. Term/Yrs 15.3
  • Guarantor Franchisee
  • # Units 17
  • Dense retail corridor

  • Near major nationals

  • Highway close

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Personal guarantee

  • ...
  • Tenant Badcock Home Furniture
  • Guarantor Franchisee
  • #Units 17
  • Moody's/S&P B2/ B
  • Stock Private
4023 Coliseum Crossing Drive, Charlotte, NC , 28205
  • Size SF3,554
  • Built/Renov2020
  • Price/SF$1,275
  • Lease Start01-01-2023
  • Rent/SF$82.88
  • Lease Type Abs NNN
  • Lot/AC0.91
  • Pop 5MI306,033

4,531,000

  • Cap Rate 6.50%
  • NOI $294,543
  • R. Term/Yrs 19.0
  • Guarantor Corp R + T
  • # Units 390
  • High traffic 50M+ VPD

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Long 15+ yr lease

  • Accelerated depreciation

  • Annual rent increases

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Take 5 Car Wash
  • Guarantor Corp T and Rated
  • #Units 390
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: DRVN
4567 FL-20, Niceville, FL , 32578
  • Size SF5,376
  • Built/Renov2006
  • Price/SF$869
  • Lease Start01-01-2023
  • Rent/SF$56.48
  • Lease Type Abs NNN
  • Lot/AC1.02
  • Pop 5MI37,205

4,671,000

  • Cap Rate 6.50%
  • NOI $303,622
  • R. Term/Yrs 19.0
  • Guarantor Corp R + T
  • # Units 390
  • Build to suit

  • Dense retail corridor

  • Highway location

  • Major MSA

  • Income tax free state

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Take 5 Car Wash
  • Guarantor Corp T and Rated
  • #Units 390
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: DRVN
3010 Southwest Archer Road, Gainesville, FL , 32608
  • Size SF2,082
  • Built/Renov1997/2007
  • Price/SF$2,080
  • Lease Start01-01-2023
  • Rent/SF$135.23
  • Lease Type Abs NNN
  • Lot/AC0.86
  • Pop 5MI169,531

4,331,000

  • Cap Rate 6.50%
  • NOI $281,541
  • R. Term/Yrs 19.0
  • Guarantor Corp R + T
  • # Units 390
  • Build to suit

  • High traffic 50M+ VPD

  • Highway location

  • Major MSA

  • Income tax free state

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Take 5 Car Wash
  • Guarantor Corp T and Rated
  • #Units 390
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: DRVN
14 West Hickory Street, Arcadia, FL , 34266
  • Size SF15,555
  • Built/Renov1962/1995
  • Price/SF$241
  • Lease Start04-01-2024
  • Rent/SF$16.24
  • Lease Type Abs NNN
  • Lot/AC0.57
  • Pop 5MI21,627

3,741,000

  • Cap Rate 6.75%
  • NOI $252,544
  • R. Term/Yrs 13.3
  • Guarantor Franchisee
  • # Units 17
  • Signalized intersection

  • Hard corner intersection

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Personal guarantee

  • ...
  • Tenant Badcock Home Furniture
  • Guarantor Franchisee
  • #Units 17
  • Moody's/S&P B2/ B
  • Stock Private
15850 West Colfax Avenue, Golden, CO , 80401
  • Size SF5,556
  • Built/Renov2022
  • Price/SF$903
  • Lease Start01-01-2023
  • Rent/SF$58.71
  • Lease Type Abs NNN
  • Lot/AC1.13
  • Pop 5MI139,069

5,019,000

  • Cap Rate 6.50%
  • NOI $326,203
  • R. Term/Yrs 19.0
  • Guarantor Corp R + T
  • # Units 390
  • New construction

  • Dense retail corridor

  • Highway close

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Long 15+ yr lease

  • Accelerated depreciation

  • Annual rent increases

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Take 5 Car Wash
  • Guarantor Corp T and Rated
  • #Units 390
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: DRVN

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