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$ 1,768,240

Cap Rate 10.00% | SF 3,867 | Term 15.0
Iron River, MI 49935
  • New construction

  • Near major nationals

  • Highway close

  • Brand new lease

  • Long 15+ yr lease

  • Store sales reported

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • 15-Year Absolute NNN lease with no landlord responsibilities
  • Outstanding 2.5% Annual Rent Growth
  • Property presents rare mixed-use opportunity, combining retail and residential uses within a single site
  • Growing Cannabis Company has 10 locations
  • Corporate guarantee with established operator and strong sales
  • Tenant The Fire Station Cannabis Co. Dispensary
  • Guarantor Corporate
  • #Units 10

​Fire Station Cannabis Co. was established in October of 2019 in Upper Michigan as the 2nd medical marijuana facility and 1st licensed Upper Peninsula recreational retailer. The Fire Station Cannabis Co. has quickly become a household name in Michigan's Upper Peninsula. Renowned for its quality products and exceptional customer service, they are a premier cannabis dispensary committed to professionalism and regulatory compliance. Their mission is to help their customers in their pursuits of the best marijuana products and information. Since 2019, they've proudly stood as the region’s trusted neighborhood cannabis company, setting the standard for friendly, knowledgeable service and a welcoming atmosphere. From knowledgeable budtenders offering expert guidance, to their warm and welcoming atmosphere, they go the extra mile to ensure their customers feel valued and heard.

...

$ 2,513,000

Cap Rate 9.50% | SF 3,850 | Term 15.0
Ironwood, MI 49938
  • New construction

  • Near major nationals

  • Highway close

  • Brand new lease

  • Long 15+ yr lease

  • Store sales reported

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • New 15-year absolute NNN lease with zero landlord responsibilities
  • Lease features 2.5% annual rental escalations during the base term
  • Multiple points of access along a primary retail corridor
  • Brand-new Fire Station dispensary built in 2024, featuring modern construction and minimal near-term capital expenditures
  • Freestanding 3,850-square-foot retail building on a 0.73-acre parcel with a drive-thru, including a corporate guaranty with an established operator and strong sales
  • Tenant The Fire Station Cannabis Co. Dispensary
  • Guarantor Corporate
  • #Units 10

​Fire Station Cannabis Co. was established in October of 2019 in Upper Michigan as the 2nd medical marijuana facility and 1st licensed Upper Peninsula recreational retailer. The Fire Station Cannabis Co. has quickly become a household name in Michigan's Upper Peninsula. Renowned for its quality products and exceptional customer service, they are a premier cannabis dispensary committed to professionalism and regulatory compliance. Their mission is to help their customers in their pursuits of the best marijuana products and information. Since 2019, they've proudly stood as the region’s trusted neighborhood cannabis company, setting the standard for friendly, knowledgeable service and a welcoming atmosphere. From knowledgeable budtenders offering expert guidance, to their warm and welcoming atmosphere, they go the extra mile to ensure their customers feel valued and heard.

...

$ 4,878,769

Walgreens

Pharmacy  

Cap Rate 6.50% | SF 16,419 | Term 13.0
Grants, NM 87020
  • Oversized lot

  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Freeway visibility

  • Absolute NNN

  • Long 10+ yr lease

  • Limited competition

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Walgreens has operated at the property since its original construction in 2014 and recently executed a direct sale-leaseback, securing a new 15-year lease term, demonstrating long-term operating history and commitment
  • The property is leased under an absolute NNN lease with zero landlord responsibilities and fixed 5% rental increases every five years
  • Strong performing location with a very low rent-to-sales ratio, featuring a drive-thru pharmacy for added convenience
  • The property sits on a large 4.25-acre lot, providing strong long-term residual value
  • Walgreens is the only freestanding pharmacy within a 75-mile radius, serving as the primary pharmacy destination for the region
  • Corporately guaranteed by Walgreens, a nationally recognized, investment-grade tenant
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 12,500
  • Moody's/S&P Ba3/ BB-
  • Stock NASDAQ: WBA

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health information, and photo services. Walgreens was founded by Charles R. Walgreen in Chicago, IL in 1901 at which time their stores were connected to local groceries. In 2009 Walgreens changed their layouts to be freestanding corner stores, with the entrance on the street with the most traffic flow, with many stores featuring a drive-through pharmacy. In 2014 Walgreens became a subsidiary of holding company Walgreens Boots Alliance when it merged with Switzerland-based Alliance Boots. As of December 2023, Walgreens operates approximately 13,500 locations across the U.S., Europe, and Latin America, with over 8,600 retail pharmacies located in the U.S..

 

Walgreens Boots Alliance, Inc., (NASDAQ: WBA) is a British-American holding company that owns the retail pharmacy chains Walgreens in the US and Boots in the UK, as well as several pharmaceutical manufacturing and distribution companies. WBA employs more than 325,000 people and has a presence through its portfolio of consumer brands: Walgreens, Boots, Duane Reade, the No7 Beauty Company, Benavides in Mexico, and Ahumada in Chile. In 2023, the company’s market cap was over $22.51B and its revenue was $142.40B. Walgreens Boots Alliance, Inc., has a credit rating of Moody's/S&P Baa2/BBB- and is headquartered in Deerfield IL.

...

$ 3,581,538

Walgreens

Pharmacy  

Cap Rate 6.50% | SF 14,620 | Term 3.0
Sylacauga, AL 35150
  • In location for years

  • Hospital close

  • Strong tenant synergy

  • Top 100 MSA

  • Below Market Rent

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
    • 15-year sale-leaseback with lease secured through 2039
    • Absolute NNN lease with zero landlord responsibilities
    • Lease features 5% rent increases every five years and is corporately guaranteed by Walgreens
    • Strong unit-level sales with a long-term operating history; location has operated since 2007
    • Located within one mile of a 248-bed hospital serving more than 87,000 annual patients
    • Located within the Birmingham MSA and backed by a nationally recognized, investment-grade Walgreens corporate guarantee
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 12,500
  • Moody's/S&P Ba3/ BB-
  • Stock NASDAQ: WBA

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health information, and photo services. Walgreens was founded by Charles R. Walgreen in Chicago, IL in 1901 at which time their stores were connected to local groceries. In 2009 Walgreens changed their layouts to be freestanding corner stores, with the entrance on the street with the most traffic flow, with many stores featuring a drive-through pharmacy. In 2014 Walgreens became a subsidiary of holding company Walgreens Boots Alliance when it merged with Switzerland-based Alliance Boots. As of December 2023, Walgreens operates approximately 13,500 locations across the U.S., Europe, and Latin America, with over 8,600 retail pharmacies located in the U.S..

 

Walgreens Boots Alliance, Inc., (NASDAQ: WBA) is a British-American holding company that owns the retail pharmacy chains Walgreens in the US and Boots in the UK, as well as several pharmaceutical manufacturing and distribution companies. WBA employs more than 325,000 people and has a presence through its portfolio of consumer brands: Walgreens, Boots, Duane Reade, the No7 Beauty Company, Benavides in Mexico, and Ahumada in Chile. In 2023, the company’s market cap was over $22.51B and its revenue was $142.40B. Walgreens Boots Alliance, Inc., has a credit rating of Moody's/S&P Baa2/BBB- and is headquartered in Deerfield IL.

...

$ 3,183,630

Bob Evans

Casual Dining  

Cap Rate 6.50% | SF 5,570 | Term 17.5
Greenville, OH 45331
  • Oversized lot

  • In location for years

  • Dense retail corridor

  • Freeway close

  • Highway close

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • Over 500 units backed

  • ...
  • Well-situated 5,570 SF freestanding restaurant on 1.76 acres across two parcels with ample on-site parking and two access points
  • Lease commenced July 2023 with 2.00% annual rent increases starting in 2027 through each renewal period
  • Absolute NNN lease with zero landlord responsibilities
  • Surrounded by national and regional retailers and restaurants, including McDonald’s, Walgreens, Dollar General, Kroger, Taco Bell, and Home Depot
  • Five-mile trade area population with 18,334 residents and average household income of $73,196
  • Lease corporately guaranteed by Bob Evans, Inc., a nationally recognized full-service dining brand
  • Tenant Bob Evans Restaurant LLC.
  • Guarantor Corporate
  • #Units 441

Bob Evans Restaurants, also known as Bob Evans, is an American chain of restaurants featuring a country theme.  In addition to casual dining fare, most locations sell baked goods, snacks, and small gift items. Founded over 60 years ago with a single restaurant in Rio Grande, OH, today, the Bob Evans family restaurant chain includes 440+ locations in 18 states. All Bob Evans locations are all corporate-owned.  The company generated over $405M in sales during fiscal year 2023 and the company is headquartered in New Albany, OH. 

In January 2017, Golden Gate Capital purchased the Bob Evans Restaurants division from Bob Evans Farms, for $565M. Golden Gate Capital is a San Francisco-based private equity firm with over $12B in committed capital under management. Founded in 2000, the company makes investments in several select industries, including technology, financial services, retail and industrial. The firm has an estimated annual revenue of $50M and is headquartered in San Francisco, CA.

...

$ 1,934,486

Skymint

General Retail  

Cap Rate 9.25% | SF 2,890 | Term 9.4
Hazel Park, MI 48030
  • Oversized lot

  • Major thoroughfare

  • Freeway close

  • Highway close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Absolute NNN

  • Annual rent increases

  • ...
  • Absolute NNN lease with zero landlord responsibilities
  • Lease features 2.5% annual rent escalations
  • Rare Opportunity: Includes onsite and adjacent parking with future redevelopment potential
  • Strategically located on John R. Road in Hazel Park, Michigan, with excellent visibility and direct access along a primary north-south corridor
  • Proximity to major throughways: Interstate 75 (170,900 VPD) and M-102 (56,768 VPD), providing high commuter and regional traffic exposure
  • Lease corporately guaranteed by Skymint, Inc., a nationally recognized retail cannabis brand
  • Tenant Skymint Premium Cannabis
  • Guarantor Corp Traded
  • #Units 350
  • Stock NASDAQ: SNDL

 

Skymint Premium Cannabis is a distributor of medicinal and recreational cannabis, with expertise in the cultivation, extraction, distribution, and sales of its cannabis products. Products offered to consumers include but are not limited to the following: flowers, tinctures, oils, topicals, tinctures, and edibles. The private company was founded in 2016 and was acquired by Tropics LP in 2023 for $109.4M. Skymint has grown to 21 retail locations in Michigan and reported annualized sales of $68M in 2023. The company is headquartered in Ann Arbor, MI.

 

Tropics LP is an affiliate of SunStream Opportunities LP, a joint venture sponsored by SNDL Inc. (NASDAQ: SNDL) that leverages a strategic financial and operational partnership to target attractive risk-return opportunities in the cannabis industry to provide exposure to a broad portfolio of investments. SNDL is the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. Additionally, the Company operates as a licensed cannabis producer and stands as one of Canada's premier vertically integrated cannabis enterprises, focusing on premium indoor cultivation, cutting-edge product development, and cost-effective manufacturing. Founded in 2006, SNDL has over 350 locations and employs over 2,600 people. The company has a Market cap: of $.36B and reported revenue of $547M. They are headquartered in Calgary, Alberta, Canada.

...

$ 1,060,240

Family Dollar

Dollar/Discount  

Cap Rate 7.50% | SF 8,505 | Term 4.11
Harper, TX 78631
  • In location for years

  • Major thoroughfare

  • Highway location

  • Affluent AHHI $100K 5 Mi

  • Income tax free state

  • Absolute NNN

  • Top performing store

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Family Dollar strategically located on US-290 with excellent visibility and direct access along a major regional thoroughfare
  • Absolute NNN lease with zero landlord responsibilities
  • Situated within the Harper Independent School District, serving Harper Elementary, Harper Middle, and Harper High School
  • Five-mile trade area population of 1,558 with an average household income of $115,240
  • Lease corporately guaranteed by Family Dollar Stores, Inc., a nationally recognized discount retail brand

  • Tenant Family Dollar
  • Guarantor Corp T and Rated
  • #Units 8,359
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount stores providing consumers with a selection of competitively-priced merchandise in convenient neighborhood stores. Founded in 1959, in North Carolina, Family Dollar went public in 1970. In 2001, they joined the S&P 500 stock market index and in 2002, the Fortune 500 list of largest publicly held companies. In 2015, Family Dollar was acquired by Dollar Tree for $8.5B. As of early 2024, the chain operated more than 8,350 stores and employed over 77,000 people.


Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names of Dollar Tree, Family Dollar and Dollar Tree Canada. Originally founded in 1953 as a Ben Franklin variety store in Norfolk, VA, the founders later expanded into toys by 1970. Then in 1989, the founders sold their KK Toy division and re-focused on dollar stores, opening their first Dollar Tree-branded store in Sumter, SC. In 2014, Dollar Tree acquires Family Dollar, bringing life to the Family Dollar | Dollar Tree combo store concept. As of early 2024, they operate more than 16,750 stores across the 48 states and five Canadian provinces. Dollar Tree had a 2023 market cap of $30.94B. The company has an investment grade credit rating of BBB, and revenue for 2023 was $29.68B.  Dollar Tree is headquartered in Chesapeake, VA.

...

$ 2,100,000

Buffalo Wild Wings

Casual Dining  

Cap Rate 6.40% | SF 5,600 | Term 6.8
Creve Coeur, MO 63141
  • In location for years

  • Major thoroughfare

  • Freeway close

  • Highway location

  • Dense 100M+ pop 5 mi

  • Affluent AHHI $100K 5 Mi

  • Long operation history

  • Below Market Rent

  • Favorable NN+ lease

  • Over 100 Units backed

  • ...
  • Buffalo Wild Wings operates under a long-term absolute NNN lease
  • The property is situated on a 0.50-acre parcel and is leased to Buffalo Wild Wings under a net lease with approximately seven (7) years of term remaining
  • Buffalo Wild Wings has operated at this location for more than 21 consecutive years and recently demonstrated commitment to the site by early exercising an 8-year lease extension
  • The lease is corporately guaranteed by Buffalo Wild Wings, Inc., a nationally recognized and established casual dining brand
  • Tenant Buffalo Wild Wings
  • Guarantor Corp Rated
  • #Units 1,227
  • Moody's/S&P B2/ B+
  • Stock Private

Buffalo Wild Wings is an American casual dining restaurant and the nation's largest sports bar chain, with operations in the United States, Canada, and 7 other countries. The chain is best known for Buffalo-style chicken wings along with over a dozen sauces as well as chicken tenders and legs, appetizers, burgers, tacos, salads, and desserts, along with beer, wine, and other beverages. Buffalo Wild Wings & Weck was founded in 1982 by Jim Disbrow and Scott Lowery near Ohio State University in Columbus, OH, and today the chain has nearly 1,300 restaurants in 8 global markets. Since 2018 they have been a wholly-owned subsidiary of Inspire Brands, Inc. Buffalo Wild Wings is headquartered in Atlanta, GA. 

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 4,000,000

STG Logistics

Industrial  

Cap Rate 7.00% | SF 11,755 | Term 2.7
Willoughby, OH 44094
  • Recent renovation

  • In location for years

  • Strategically located

  • Highway close

  • Dense 100M+ pop 5 mi

  • Strong sales history

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • STG Logistics operates under a long-term lease structure, providing stable and predictable cash flow.
  • The property is located within an established industrial and logistics corridor, surrounded by warehouse, manufacturing, and distribution facilities serving Northeast Ohio.
  • The freestanding industrial facility is situated on a commercial parcel designed to support logistics operations, offering efficient site access and functionality.
  • The lease is backed by STG Logistics, a nationally recognized third-party logistics provider with an established operating platform.
  • Tenant STG Logistics Inc.
  • Guarantor Corporate
  • #Units 70

STG Logistics Inc. is the nation’s largest fully integrated port-to-door service provider, delivering comprehensive supply chain solutions to customers across North America. The company provides end-to-end logistics services including intermodal transportation, drayage, warehousing, and distribution through its extensive network of facilities strategically positioned at major port locations and inland hubs.

Founded in 1985 and headquartered in South Kearny, New Jersey, STG has established itself as a critical infrastructure partner for importers and exporters requiring seamless cargo movement from international ports to final destinations. The company’s integrated service model encompasses container drayage, cross-dock operations, transloading, warehousing, and over-the-road transportation, enabling customers to streamline their supply chains through a single provider relationship.

STG operates a nationwide network comprised of 70+ locations totaling over five million square feet of warehouse space, supported by a fleet of 15,000 intermodal containers, 6,000 chassis, and nearly 3,000 tractors. This extensive asset base positions the company to handle the complex logistics requirements of diverse industries including retail, automotive, consumer goods, and industrial manufacturing. STG Logistics has more than quadrupled in size since 2016. The company's growth was supercharged in 2022 when it acquired XPO Logistics' intermodal division for $710 million, adding 48 new locations to STG's national platform.
 

...

$ 2,903,226

Raising Cane's (GL)

Fast Casual/Rest.  

Cap Rate 4.65% | SF 2,862 | Term 4.10
Peoria, IL 61615
  • New construction

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Strategically located

  • Freeway visibility

  • Dense 100M+ pop 5 mi

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Over 500 units backed

  • ...
  • Raising Cane’s operates under a long-term absolute NNN lease
  • The property is surrounded by major national and regional retailers, including Walmart, Target, Starbucks, and Chipotle
  • The freestanding facility sits on a commercial parcel with ample parking, offering strong visibility and convenient access for customers
  • The lease is corporately guaranteed by Raising Cane’s Restaurants, LLC
  • Tenant Raising Cane's
  • Guarantor Corporate
  • #Units 900

Raising Cane’s Chicken Fingers, officially known as Raising Cane’s Restaurants, LLC, was founded in 1996, in Baton Rouge, Louisiana, by Todd Graves and Craig Silvey. The idea for the company, a focused, fast-casual concept serving high-quality chicken finger meals with a simple menu, was born out of Graves’s experience in restaurants and his desire to build something distinctive. As of 2025, Raising Cane’s has grown to more than 900 restaurants across the United States and a handful of international markets, making it one of the fastest-expanding chicken restaurant brands in the country. It consistently opens more than 100 new locations per year and has plans for continued expansion. In terms of financial performance, Raising Cane’s reported roughly $5.1B in total system sales in 2024, a record for the company that reflects strong consumer demand and rapid unit growth; positioning the chain as one of the top-grossing quick-service chicken brands in the U.S., trailing only Chick-fil-A and Popeyes. The company is still headquartered in Baton Rouge, Louisiana.

...

$ 2,236,220

Express Oil Change

Automotive  

Cap Rate 6.35% | SF 3,272 | Term 3.4
Hueytown, AL 35061
  • In location for years

  • Freeway close

  • Strong tenant synergy

  • Top 100 MSA

  • Brand new lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Express Oil Change operates under a long-term absolute NNN lease
  • The property is located on a high-visibility retail corridor along Allison-Bonnett Memorial Drive (AL-150), a major arterial serving the greater Birmingham market.
  • The freestanding facility sits on a commercial parcel with strong visibility, convenient access, and ample parking.
  • The lease is corporately guaranteed by Express Oil Change & Tire Engineers, a nationally recognized automotive service operator.
  • Tenant Express Oil Change
  • Guarantor Corporate
  • #Units 1,100

Express Oil Change & Tire Engineers is an American automotive maintenance brand, with services including its signature 10-minute oil change and full-service mechanical, tires, brakes, and more general service offerings. Founded in 1979, the chain now operates 350+ corporately owned and franchised stores in 19 states. In 2017, the company was acquired by San Francisco-based private equity firm Golden Gate Capital. The following year, Golden Gate announced a merger of Express Oil with its newly-acquired Mavis Discount Tire thus creating one of the largest automotive maintenance providers in the United States, known as Mavis Tire Express Services Corp, with over 1,100 service centers across 27 states. In March 2021, an investor group led by BayPine, TSG Consumer Partners, and West First Management acquired the combined company of Mavis Tire Express Services. They are headquartered in Birmingham, AL.  

 

Golden Gate Capital is an American private equity firm based in San Francisco. The firm makes investments in several select industries, including technology, financial services, retail, and industrial, through leveraged buyout transactions, as well as significant minority purchases and growth capital investments.

 

Founded in 2020, BayPine is a private equity firm based in Boston, Massachusetts. The firm prefers to invest in healthcare, business services, specialty industries, and consumer sectors.

 

TSG Consumer Partners is an American private equity company based in San Francisco, California. The firm was founded in 1986 and was among the first private equity firms to invest exclusively in consumer companies.

...

$ 1,465,563

Family Dollar

Dollar/Discount  

Cap Rate 8.00% | SF 8,320 | Term 3.4
Coleman, WI 54112
  • In location for years

  • Major thoroughfare

  • Near major nationals

  • Strategically located

  • Highway location

  • Strong tenant synergy

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Family Dollar operates under a long-term absolute NNN lease
  • The property is located along Business 141 North (County B), the primary commercial corridor in Coleman, Wisconsin, and is surrounded by major national and regional retailers, including Dollar General, Kwik Trip, Subway, and Ace Hardware.
  • The freestanding facility sits on a commercial parcel with ample parking, offering convenient access for customers and strong visibility along the corridor.
  • The lease is corporately guaranteed by Family Dollar Stores, Inc., 
  • Tenant Family Dollar
  • Guarantor Corp T and Rated
  • #Units 8,359
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount stores providing consumers with a selection of competitively-priced merchandise in convenient neighborhood stores. Founded in 1959, in North Carolina, Family Dollar went public in 1970. In 2001, they joined the S&P 500 stock market index and in 2002, the Fortune 500 list of largest publicly held companies. In 2015, Family Dollar was acquired by Dollar Tree for $8.5B. As of early 2024, the chain operated more than 8,350 stores and employed over 77,000 people.


Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names of Dollar Tree, Family Dollar and Dollar Tree Canada. Originally founded in 1953 as a Ben Franklin variety store in Norfolk, VA, the founders later expanded into toys by 1970. Then in 1989, the founders sold their KK Toy division and re-focused on dollar stores, opening their first Dollar Tree-branded store in Sumter, SC. In 2014, Dollar Tree acquires Family Dollar, bringing life to the Family Dollar | Dollar Tree combo store concept. As of early 2024, they operate more than 16,750 stores across the 48 states and five Canadian provinces. Dollar Tree had a 2023 market cap of $30.94B. The company has an investment grade credit rating of BBB, and revenue for 2023 was $29.68B.  Dollar Tree is headquartered in Chesapeake, VA.

...

$ 1,576,980

Family Dollar

Dollar/Discount  

Cap Rate 7.75% | SF 9,180 | Term 5.1
Crittenden, KY 41030
  • In location for years

  • Freeway visibility

  • Freeway close

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Brand new lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Family Dollar operates under a long-term absolute NNN lease
  • The property is located on a high-visibility retail corridor along Violet Road (KY‑10), surrounded by major national and regional retailers, including Dollar General, Kroger, Walmart, AutoZone, and Advance Auto Parts
  • The facility sits on a commercial parcel with ample parking.
  • The five-mile trade area includes a population of approximately 14,700 with an average household income of $102,593
  • The lease is corporately guaranteed by Family Dollar Stores, Inc.
  • Tenant Family Dollar
  • Guarantor Corp T and Rated
  • #Units 8,359
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount stores providing consumers with a selection of competitively-priced merchandise in convenient neighborhood stores. Founded in 1959, in North Carolina, Family Dollar went public in 1970. In 2001, they joined the S&P 500 stock market index and in 2002, the Fortune 500 list of largest publicly held companies. In 2015, Family Dollar was acquired by Dollar Tree for $8.5B. As of early 2024, the chain operated more than 8,350 stores and employed over 77,000 people.


Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names of Dollar Tree, Family Dollar and Dollar Tree Canada. Originally founded in 1953 as a Ben Franklin variety store in Norfolk, VA, the founders later expanded into toys by 1970. Then in 1989, the founders sold their KK Toy division and re-focused on dollar stores, opening their first Dollar Tree-branded store in Sumter, SC. In 2014, Dollar Tree acquires Family Dollar, bringing life to the Family Dollar | Dollar Tree combo store concept. As of early 2024, they operate more than 16,750 stores across the 48 states and five Canadian provinces. Dollar Tree had a 2023 market cap of $30.94B. The company has an investment grade credit rating of BBB, and revenue for 2023 was $29.68B.  Dollar Tree is headquartered in Chesapeake, VA.

...

$ 1,127,720

Family Dollar

Dollar/Discount  

Cap Rate 8.25% | SF 8,433 | Term 5.00
Larose, LA 70373
  • Freeway visibility

  • Strong tenant synergy

  • Top 100 MSA

  • New development zone

  • Absolute NNN

  • Top performing store

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Family Dollar operates under a long-term absolute NNN lease
  • The property is located on a high-visibility retail corridor along West Main Street (LA‑1), surrounded by major national and regional retailers, including Dollar General, Rouses Market, NAPA Auto Parts, and B & B Hardware & Rental
  • The facility sits on a commercial parcel with ample parking, ensuring accessibility for customers and consistent traffic exposure
  • The five-mile trade area includes a population of approximately 10,796 with an average household income of $76,501
  • The lease is corporately guaranteed by Family Dollar Stores, Inc.
  • Tenant Family Dollar
  • Guarantor Corp T and Rated
  • #Units 8,359
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount stores providing consumers with a selection of competitively-priced merchandise in convenient neighborhood stores. Founded in 1959, in North Carolina, Family Dollar went public in 1970. In 2001, they joined the S&P 500 stock market index and in 2002, the Fortune 500 list of largest publicly held companies. In 2015, Family Dollar was acquired by Dollar Tree for $8.5B. As of early 2024, the chain operated more than 8,350 stores and employed over 77,000 people.


Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names of Dollar Tree, Family Dollar and Dollar Tree Canada. Originally founded in 1953 as a Ben Franklin variety store in Norfolk, VA, the founders later expanded into toys by 1970. Then in 1989, the founders sold their KK Toy division and re-focused on dollar stores, opening their first Dollar Tree-branded store in Sumter, SC. In 2014, Dollar Tree acquires Family Dollar, bringing life to the Family Dollar | Dollar Tree combo store concept. As of early 2024, they operate more than 16,750 stores across the 48 states and five Canadian provinces. Dollar Tree had a 2023 market cap of $30.94B. The company has an investment grade credit rating of BBB, and revenue for 2023 was $29.68B.  Dollar Tree is headquartered in Chesapeake, VA.

...

$ 1,359,088

Family Dollar

Dollar/Discount  

Cap Rate 8.00% | SF 8,500 | Term 5.30
Durand, MI 48429
  • In location for years

  • Near major nationals

  • Freeway visibility

  • Strong tenant synergy

  • Affluent suburb location

  • New development zone

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Family Dollar operates in a freestanding retail building with a long-term absolute NNN lease
  • The property is located on a high-visibility retail corridor along Monroe Road (M‑71) in Durand, Michigan
  • The facility sits on a 1.03-acre parcel, offering ample parking and strong site accessibility
  • The five-mile trade area has a population of approximately 12,826 with an average household income of $83,744
  • The lease is corporately guaranteed by Family Dollar Stores, Inc.
  • Tenant Family Dollar
  • Guarantor Corp T and Rated
  • #Units 8,359
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount stores providing consumers with a selection of competitively-priced merchandise in convenient neighborhood stores. Founded in 1959, in North Carolina, Family Dollar went public in 1970. In 2001, they joined the S&P 500 stock market index and in 2002, the Fortune 500 list of largest publicly held companies. In 2015, Family Dollar was acquired by Dollar Tree for $8.5B. As of early 2024, the chain operated more than 8,350 stores and employed over 77,000 people.


Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names of Dollar Tree, Family Dollar and Dollar Tree Canada. Originally founded in 1953 as a Ben Franklin variety store in Norfolk, VA, the founders later expanded into toys by 1970. Then in 1989, the founders sold their KK Toy division and re-focused on dollar stores, opening their first Dollar Tree-branded store in Sumter, SC. In 2014, Dollar Tree acquires Family Dollar, bringing life to the Family Dollar | Dollar Tree combo store concept. As of early 2024, they operate more than 16,750 stores across the 48 states and five Canadian provinces. Dollar Tree had a 2023 market cap of $30.94B. The company has an investment grade credit rating of BBB, and revenue for 2023 was $29.68B.  Dollar Tree is headquartered in Chesapeake, VA.

...

$ 1,460,870

Cap Rate 5.75% | SF 5,978 | Term 9.8
Southington, CT 06489
  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Strong tenant synergy

  • Dense 100M+ pop 5 mi

  • Affluent AHHI $100K 5 Mi

  • Recently extended lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Firestone Complete Auto Care has a 40-year operating history with a recently extended long-term absolute NNN ground lease
  • The property is located on a high-visibility retail corridor within the Hartford metropolitan area, surrounded by major national retailers and high-traffic thoroughfares
  • The 5,978 SF facility sits on a 2.11-acre parcel
  • The five-mile trade area has a population of 105,942 with an average household income of $119,500
  • The lease is corporately guaranteed by Bridgestone Retail Operations, LLC
  • Tenant Firestone Complete Auto Care
  • Guarantor Corp T and Rated
  • #Units 1,700
  • Moody's/S&P A2/ A
  • Stock OTCMKTS: BRDCY

The Firestone Tire & Rubber Company was founded in 1900 in Akron, Ohio by Harvey S. Firestone. The company started by marketing solid rubber tires for carriage wheels. Firestone began opening retail stores in the mid-1920s, offering basic car service and tire sales. In 2005, the retail operation introduced a new name, Firestone Complete Auto Care, and featured a new layout for its stores to enhance the customer experience. Today, Firestone Complete Auto Care is a leading provider of maintenance, repairs, and tires with a wide variety of services for all makes and models of automobiles and more than 1,700 store locations. Firestone is a wholly-owned subsidiary of Bridgestone Corporation. 

Bridgestone Corporation (OTCMKTS: BRDCY), is a Japanese multinational company, and the largest manufacturer of tires in the world. With four retail brands, the company stretches coast-to-coast with 2,200 tire and vehicle service centers across the United States including Firestone Complete Auto Care, Tires Plus, Wheelworks, and Firestone Complete Fleet Care locations. Bridgestone employs over 129,000 people. The company has an investment grade S & P rating of A and a  Moody's credit rating of A2. Bridgestone reported a 2023 revenue of $305.83B and has a current market cap of $30.06B. The company is headquartered in Kyubashi, Tokyo, Japan.

...

$ 2,500,000

Starbucks

Fast Food/QSR  

Cap Rate 6.38% | SF 2,511 | Term 9.7
Caro, MI 48723
  • New construction

  • Roof guarantee

  • Near major nationals

  • WalMart out-parcel

  • Highway location

  • Strong tenant synergy

  • Brand new lease

  • Long 10+ yr lease

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Brand-new 2025 construction Starbucks featuring a modern drive-thru design on a large 1.10-acre parcel
  • Outparcel to a 175,000 square foot Walmart Supercenter
  • Only Starbucks within a 25-mile radius, making the location highly desirable
  • 10-year primary lease term commencing in 2025
  • Five-mile trade area population of 9,350 with an average household income of $74,387
  • Corporate guaranteed lease directly with Starbucks Corporation (NASDAQ: SBUX)
  • Tenant Starbucks
  • Guarantor Corp T and Rated
  • #Units 38,038
  • Moody's/S&P Baa1/ BBB+
  • Stock NASDAQ: SBUX

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such as mugs, tumblers, scoops, and coffee presses.  In addition to their flagship Starbucks Coffee brand, they sell goods and services under the following brands: Teavana, Ethos, Starbucks Reserve, and Princi. Founded in 1985, as of December 2023, the company has over 38,000 stores (17,800 US locations), in 86 markets, and 80 countries worldwide. Out of Starbucks' U.S.-based stores, over 10,600 are company-operated, while the remainder are licensed. Starbucks’ 2023 market cap was over $109.13B and its 2023 revenue was $36.68B. The company is ranked 120th on the Fortune 500 and 303rd on the Forbes Global 2000. Starbucks has an S&P rating of BBB+. The company was founded and is still headquartered in Seattle, WA. 

...

$ 1,211,591

Family Dollar

Dollar/Discount  

Cap Rate 7.50% | SF 8,423 | Term 34.12
Corsicana, TX 75110
  • In location for years

  • Dense retail corridor

  • Highway close

  • Income tax free state

  • Population increase trend

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Family Dollar has been operating in this location since 2015
  • The tenant has 5 years remaining on the current lease term with 6 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease with zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant
  • Tenant Family Dollar
  • Guarantor Corp T and Rated
  • #Units 8,359
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount stores providing consumers with a selection of competitively-priced merchandise in convenient neighborhood stores. Founded in 1959, in North Carolina, Family Dollar went public in 1970. In 2001, they joined the S&P 500 stock market index and in 2002, the Fortune 500 list of largest publicly held companies. In 2015, Family Dollar was acquired by Dollar Tree for $8.5B. As of early 2024, the chain operated more than 8,350 stores and employed over 77,000 people.


Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names of Dollar Tree, Family Dollar and Dollar Tree Canada. Originally founded in 1953 as a Ben Franklin variety store in Norfolk, VA, the founders later expanded into toys by 1970. Then in 1989, the founders sold their KK Toy division and re-focused on dollar stores, opening their first Dollar Tree-branded store in Sumter, SC. In 2014, Dollar Tree acquires Family Dollar, bringing life to the Family Dollar | Dollar Tree combo store concept. As of early 2024, they operate more than 16,750 stores across the 48 states and five Canadian provinces. Dollar Tree had a 2023 market cap of $30.94B. The company has an investment grade credit rating of BBB, and revenue for 2023 was $29.68B.  Dollar Tree is headquartered in Chesapeake, VA.

...

$ 2,127,000

Wendy’s

Fast Food/QSR  

Cap Rate 5.45% | SF 3,254 | Term 10.1
Niagara Falls, NY 14304
  • Signalized intersection

  • Recent renovation

  • Major thoroughfare

  • Near major nationals

  • Top 100 MSA

  • Business growth area

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Absolute NNN Wendy’s with corporate guarantee and no landlord maintenance responsibilities

  • Long-term lease through March 2036 with two 5-year renewal options

  • 10% rent increases every 5 years ensuring stable income growth

  • Recently remodeled in 2024 showing strong tenant commitment and modern prototype design

  • Positioned at a signalized hard corner off Interstate 190 with 47,000 combined VPD

  • Large 1.45-acre parcel providing excellent visibility and access from Porter Road

  • Located across from top-performing Aldi and new 12-pump Quicklee’s gas station

  • Offered at $2,127,000 with 5.45% cap rate and $115,922 annual NOI

  • Tenant Wendy's
  • Guarantor Corp T and Rated
  • #Units 7,240
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: WEN

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service restaurant company. It operates through three segments: Wendy’s U.S., Wendy’s International, and Global Real Estate & Development. The company operates, develops, and franchises a system of quick-service restaurants specializing in hamburger sandwiches. As of March 2023, they operate approximately 415 company-owned restaurants and 6,825 franchised restaurants worldwide. Wendy’s has a credit rating of B+ from Standard and Poor’s and a long-term rating of B3 from Moody’s. The Wendy's Company (NASDAQ: WEN) is an American holding company for the major fast food chain Wendy's. In 2023, total revenue amounted to over $2.18B with a current market cap of $3.78B. They are headquartered in Dublin, OH. 

...

$ 2,510,000

Wendy’s

Fast Food/QSR  

Cap Rate 5.50% | SF 2,010 | Term 0.00
Evans, GA 30809
  • New construction

  • Build to suit

  • Major thoroughfare

  • Dense retail corridor

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Brand new 2025 construction with modern Wendy’s prototype design

  • 20-year absolute NNN lease with zero landlord responsibilities

  • 7.5% rent increases every five years during base and option terms

  • Leased to experienced multi-unit franchisee JAI Augusta, LLC

  • Publix-anchored shopping center outparcel on busy Washington Road

  • Located in affluent Augusta MSA suburb with strong population growth

  • Average household income exceeds $153,000 within five miles

  • Fee simple ownership offering truly passive investment opportunity

  • Tenant Wendy's
  • Guarantor Corp T and Rated
  • #Units 7,240
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: WEN

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service restaurant company. It operates through three segments: Wendy’s U.S., Wendy’s International, and Global Real Estate & Development. The company operates, develops, and franchises a system of quick-service restaurants specializing in hamburger sandwiches. As of March 2023, they operate approximately 415 company-owned restaurants and 6,825 franchised restaurants worldwide. Wendy’s has a credit rating of B+ from Standard and Poor’s and a long-term rating of B3 from Moody’s. The Wendy's Company (NASDAQ: WEN) is an American holding company for the major fast food chain Wendy's. In 2023, total revenue amounted to over $2.18B with a current market cap of $3.78B. They are headquartered in Dublin, OH. 

...

$ 2,190,476

Wendy’s

Fast Food/QSR  

Cap Rate 5.25% | SF 2,326 | Term 19.9
Cleveland, TN 37311
  • Signalized intersection

  • Hard corner intersection

  • Major thoroughfare

  • Near major nationals

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Absolute NNN lease with zero landlord responsibilities

  • Strong Wendy’s franchisee with over 76 operating units

  • Hard corner signalized intersection with 28,800 vehicles per day

  • Full Image Activation Remodel scheduled for completion by 2025

  • Tenant operating at this location for over 15 years

  • New 20-year lease commencing December 2025 with 7.5% rent increases every five years

  • Free-standing 2,326 SF restaurant on a 0.59-acre parcel

  • Located directly off Interstate 75 in a high-traffic retail corridor

  • Tenant Wendy's
  • Guarantor Corp T and Rated
  • #Units 7,240
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: WEN

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service restaurant company. It operates through three segments: Wendy’s U.S., Wendy’s International, and Global Real Estate & Development. The company operates, develops, and franchises a system of quick-service restaurants specializing in hamburger sandwiches. As of March 2023, they operate approximately 415 company-owned restaurants and 6,825 franchised restaurants worldwide. Wendy’s has a credit rating of B+ from Standard and Poor’s and a long-term rating of B3 from Moody’s. The Wendy's Company (NASDAQ: WEN) is an American holding company for the major fast food chain Wendy's. In 2023, total revenue amounted to over $2.18B with a current market cap of $3.78B. They are headquartered in Dublin, OH. 

...

$ 2,545,454

Wendy’s

Fast Food/QSR  

Cap Rate 5.50% | SF 2,243 | Term 17.8
Sweetwater, TN 37874
  • New construction

  • Build to suit

  • Major thoroughfare

  • Dense retail corridor

  • Top 100 MSA

  • Strong demographics

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Brand new 2023 construction Wendy’s with drive-thru in Sweetwater, Tennessee

  • 20-year absolute NNN lease with no landlord responsibilities

  • Lease commenced November 1, 2023, expiring October 31, 2043

  • 7.5% rent increases every five years including option periods

  • Four five-year renewal options providing long-term income stability

  • Strong franchisee operator with over 76 Wendy’s locations nationwide

  • Located along New Highway 68 with traffic exceeding 20,000 vehicles daily

  • Positioned across from Ingles Market, Rural King, and Dollar Tree within Knoxville MSA

  • Tenant Wendy's
  • Guarantor Corp T and Rated
  • #Units 7,240
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: WEN

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service restaurant company. It operates through three segments: Wendy’s U.S., Wendy’s International, and Global Real Estate & Development. The company operates, develops, and franchises a system of quick-service restaurants specializing in hamburger sandwiches. As of March 2023, they operate approximately 415 company-owned restaurants and 6,825 franchised restaurants worldwide. Wendy’s has a credit rating of B+ from Standard and Poor’s and a long-term rating of B3 from Moody’s. The Wendy's Company (NASDAQ: WEN) is an American holding company for the major fast food chain Wendy's. In 2023, total revenue amounted to over $2.18B with a current market cap of $3.78B. They are headquartered in Dublin, OH. 

...

$ 2,430,000

Wendy’s

Fast Food/QSR  

Cap Rate 5.35% | SF 2,864 | Term 19.9
Summerville, SC 29485
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Major thoroughfare

  • Top 100 MSA

  • Strong demographics

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • 20-year absolute NNN lease with zero landlord responsibilities

  • 7.5% rent increases every five years during lease and options

  • Operated by strong franchisee WENJAI Restaurant Group with 76+ units

  • Fully remodeled in 2025 offering modern Wendy’s prototype design

  • Located on Dorchester Road at a hard corner signalized intersection

  • Outparcel to high-performing Lowe’s Foods with 607K+ annual visitors

  • Surrounded by Walmart and dense residential growth in Summerville SC

  • Fee simple ownership providing stable long-term cash flow

  • Tenant Wendy's
  • Guarantor Corp T and Rated
  • #Units 7,240
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: WEN

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service restaurant company. It operates through three segments: Wendy’s U.S., Wendy’s International, and Global Real Estate & Development. The company operates, develops, and franchises a system of quick-service restaurants specializing in hamburger sandwiches. As of March 2023, they operate approximately 415 company-owned restaurants and 6,825 franchised restaurants worldwide. Wendy’s has a credit rating of B+ from Standard and Poor’s and a long-term rating of B3 from Moody’s. The Wendy's Company (NASDAQ: WEN) is an American holding company for the major fast food chain Wendy's. In 2023, total revenue amounted to over $2.18B with a current market cap of $3.78B. They are headquartered in Dublin, OH. 

...

$ 1,807,650

Wendy’s

Fast Food/QSR  

Cap Rate 4.85% | SF 2,485 | Term 14.8
Fort Walton Beach, FL 32548
  • Signalized intersection

  • Hard corner intersection

  • Major thoroughfare

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Absolute NNN lease with zero landlord responsibilities and over 15 years remaining on base term

  • Freestanding 2,485 SF Wendy’s building with drive-thru on 0.36-acre lot

  • Located at hard corner signalized intersection along major Florida Panhandle thoroughfare

  • Renovated in 2014 and originally built in 2004 offering excellent visibility and access

  • Guaranteed by Wendelta, a strong 200+ unit Wendy’s franchisee operator

  • Scheduled 7.5% rent increases every 5 years including option periods

  • Fee simple ownership providing long-term passive investment stability

  • Outparcel to Winn-Dixie and Ross Dress for Less anchored shopping center

  • Tenant Wendy's
  • Guarantor Corp T and Rated
  • #Units 7,240
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: WEN

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service restaurant company. It operates through three segments: Wendy’s U.S., Wendy’s International, and Global Real Estate & Development. The company operates, develops, and franchises a system of quick-service restaurants specializing in hamburger sandwiches. As of March 2023, they operate approximately 415 company-owned restaurants and 6,825 franchised restaurants worldwide. Wendy’s has a credit rating of B+ from Standard and Poor’s and a long-term rating of B3 from Moody’s. The Wendy's Company (NASDAQ: WEN) is an American holding company for the major fast food chain Wendy's. In 2023, total revenue amounted to over $2.18B with a current market cap of $3.78B. They are headquartered in Dublin, OH. 

...

$ 950,000

Sonic

Fast Casual/Rest.  

Cap Rate 5.15% | SF 1,376 | Term 3.90
Pensacola, FL 32504
  • In location for years

  • Major thoroughfare

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Absolute NNN

  • Over 2000 units backed

  • Corporate Guarantee

  • ...
  • Sonic operating at this location for about 30 years

  • Absolute NNN lease with tenant responsible for roof and structure

  • Lease runs through July 2029 with 3.8 years remaining

  • No renewal options remaining on current lease

  • Annual rent $48,893 significantly below market rate

  • 1,376 SF building on 0.65 acre lot

  • Strong traffic count of 27,500 vehicles daily on N 9th Ave

  • Surrounded by major national retailers and Pensacola State College nearby

  • Tenant Sonic
  • Guarantor Corp Rated
  • #Units 3,514
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.


Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 5,700,000

Burger King

Fast Food/QSR  

Cap Rate 4.35% | SF 2,400 | Term 9.50
Los Angeles, CA 90001
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Major thoroughfare

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Premium Burger King at signalized hard corner Florence Ave and Alameda St in Huntington Park

  • 9.5 years remaining on absolute triple net lease with annual CPI increases

  • Offered at $5,700,000 with 4.35 percent cap rate and $247,680 NOI year one

  • Built in 1989 with 2,400 square feet on 0.57 acre parcel

  • Tenant is Los Angeles Burgers LLC, experienced Burger King franchisee operator

  • Renewal option includes one 10 year extension opportunity

  • Dense demographics with 400,000 plus residents within three miles and $57,200 median income

  • High traffic intersection with over 65,000 vehicles per day visibility

  • Tenant Los Angeles Burgers, LLC
  • Guarantor Corp T and Rated
  • #Units 19,789
  • Stock NYSE: QSR

Burger King is the second-largest fast-food hamburger chain in the world. Their menu features their signature Whopper and Whopper Jr. hamburgers, in addition to chicken sandwiches, breakfast sandwiches, and platters, sides, and beverages. Founded in 1954 in Jacksonville, FL as Insta-Burger King, the chain is now a subsidiary of Toronto-based Restaurant Brands International. Today, Burger King has 19,384 locations worldwide and global sales of over $27.02B. Burger King Corporation is headquartered in Miami, FL.

 

Restaurant Brands International Inc. (NYSE: QSR), or RBI, is an American-Canadian-based multinational fast food holding company, with over 30,000 restaurants operating in over 100 countries. The company’s brands include Burger King, Tim Horton’s, and Firehouse Subs. The holding company’s 2022 revenue was reported at $7.02 B an 8% increase to the prior year. The company has a market cap of $35.96B and a long-term credit rating of BB from Standard & Poor’s. RBI is headquartered in Toronto, Ontario.

...

$ 1,739,130

Arby’s

Fast Food/QSR  

Cap Rate 5.75% | SF 2,918 | Term 0.00
Olive Branch, MS 38654
  • New construction

  • Oversized lot

  • Major thoroughfare

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Absolute NNN

  • Personal guarantee

  • Top franchise operator

  • ...
  • Brand new 20-year absolute NNN lease commencing at close of escrow

  • Freestanding Arby’s with drive-thru built in 2018

  • Located on Goodman Rd with 36,506 vehicles per day traffic count

  • Surrounded by Walmart, Kroger, Lowe’s, Walgreens, McDonald’s, and other national retailers

  • Strong demographics with 55,557 residents within 5 miles and $109,604 average household income

  • Tenant is Hungry Pig Restaurant Operations, a 20-unit multi-brand franchisee

  • Four 5-year renewal options extend potential lease term to 40 years

  • 10 percent rental increases every 5 years provide predictable income growth

  • Tenant Arby's
  • Guarantor Corp Rated
  • #Units 3,402
  • Moody's/S&P B2/ B+
  • Stock Private

Arby’s is an American fast-food restaurant chain and the first nationally franchised sandwich restaurant brand. Founded in 1964 in Boardman, OH, the chain is well known for slow-roasted, sliced roast beef sandwiches. In 2011, Roark Capital Group acquired 81.5% of Arby's Restaurant Group, Inc. from The Wendy’s Company. In 2018, Arby's Restaurant Group acquired Buffalo Wild Wings and Rusty Taco for $2.4B; as part of the acquisition the parent company was renamed Inspire Brands. Late in 2018, the newly formed Inspire Brands purchased the remaining stake in Arby’s for $430M. Arby's Restaurant Group remains the franchisor of the Arby's brand. Today, the chain has over 3,400 restaurants (2,200+ franchised units) spanning 9 countries (180+ international units) and employs over 80,000 people.


Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 724,000

Rally’s Drive-Thru Shops

Fast Food/QSR  

Cap Rate 7.75% | SF 1,763 | Term 0.00
Flint, MI 48532
  • Hard corner intersection

  • In location for years

  • Major thoroughfare

  • Dense retail corridor

  • Strong demographics

  • Business growth area

  • Long operation history

  • Absolute NNN

  • Over 2000 units backed

  • Personal guarantee

  • ...
  • 4,568 SF multi-tenant retail building built in 2007

  • 100 percent leased to Rally’s, Great Clips, Hello Nails & Lashes

  • All tenants on NNN lease structures with minimal landlord responsibilities

  • Rally’s lease expires 2026 with one 5-year renewal option

  • Great Clips lease expires 2027 with no renewal option

  • Hello Nails lease runs to 2030 with 3 percent annual rent increases

  • Net Operating Income of $56,081 with 7.75 percent cap rate

  • Located at high-traffic Corunna and Linden intersection with 34,200 vehicles per day

  • Tenant Rally's
  • Guarantor Corporate
  • #Units 878
  • Stock Private

Rally’s Drive-In Restaurants is part of Checkers Drive-In Restaurants, Inc., and is one of the largest chains of double drive-thru restaurants in the United States. The company currently operates 878 Checkers and Rally’s restaurants in 28 states and the District of Columbia. The chains specialize in hamburgers, hot dogs, french fries, and milkshakes. Rally’s Drive-In opened its first restaurant in Louisville, Kentucky in 1985. Checkers Drive-In was founded in 1986 in Mobile, Alabama. In 1999, the two concepts merged into a single double drive-thru burger chain. Most locations specialize in carryout service with drive-thru and walk-up windows available, but no indoor seating. In 2017, the Rally’s/Checker’s brand was acquired by Oak Hill Capital Partners.  The company is headquartered in Tampa, Florida.

 

Oak Hill Capital Partners is a private equity firm headquartered in New York City. The firm currently has more than $19B of committed capital from entrepreneurs, endowments, foundations, corporations, pension funds and global financial institutions.

...

$ 3,869,000

Panera Bread

Fast Casual/Rest.  

Cap Rate 4.90% | SF 2,079 | Term 14.7
Hutto, TX 78634
  • New construction

  • Build to suit

  • Major thoroughfare

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Absolute NNN

  • Over 2000 units backed

  • Corporate Guarantee

  • ...
  • Brand new 2025 construction with drive-thru in fast-growing Austin suburb

  • Absolute NNN lease with tenant responsible for roof and structure

  • 15-year corporate guaranteed lease by Panera, LLC

  • 8% rental increases every five years with three 5-year options

  • Outparcel to Home Depot and across from Lowe’s in retail hub

  • 2,479 SF building on oversized 0.85-acre lot

  • Five-mile trade area population over 109,000 with $146,041 average household income

  • Offered at $3,869,000 price with 4.90% cap rate and $189,600 NOI

  • Tenant Panera Bread
  • Guarantor Corporate
  • #Units 2,200
  • Stock Private

Panera Bread Company is an American bakery-café fast-casual restaurant chain, offering bakery items, pasta, salads, sandwiches, soups, and specialty drinks. Originally founded in 1987 as Paradise Bakery & Cafe, the company rebranded to Panera Bread in 2015. Today, Panera operates over 2,200 bakery-cafés under the Panera Bread or Saint Louis Bread Company brands in 48 states and Washington D.C., and in Ontario, Canada. Panera was acquired by JAB Holding Co. in 2017 for $7.5 billion, making it a private company. The company continues to be a leader in fast-casual dining, expanding its reach and technological innovations, such as AI-driven ordering and digital enhancements. Panera Bread is currently headquartered in Sunset Hills, Missouri. In 2023, the company's annual revenue was estimated to be around $6 billion, making it one of the largest fast-casual restaurant brands in the U.S.​

JAB Holding Company, headquartered in Luxembourg, is a German conglomerate with investments in various industries, including consumer goods, luxury, coffee, and fast food. JAB owns brands such as Caribou Coffee, Einstein Bros. Bagels, Krispy Kreme, Peet's Coffee, and Pret A Manger, managing over $50 billion in capital.

...

$ 2,747,000

Wendy’s

Fast Food/QSR  

Cap Rate 4.55% | SF 2,228 | Term 14.7
Wesley Chapel, FL 33545
  • New construction

  • Extensive TI’s

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • New 15-year absolute NNN ground lease with 10% increases every 5 years

  • Corporate guarantee from Wendy’s Properties, LLC, NASDAQ: WEN

  • Price $2,747,000 with NOI $125,000 and 4.55% cap rate

  • New construction Wendy’s prototype building delivering October/November 2025

  • Situated in $100M+ Epperson master-planned community with 4,500+ homes

  • Strong demographics with $108,538 average household income within 5 miles

  • Easy access to I-75 with 94,500 vehicles per day

  • Adjacent to Publix, Chick-fil-A, Starbucks, Circle K and new residential growth

  • Tenant Wendy's
  • Guarantor Corp T and Rated
  • #Units 7,240
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: WEN

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service restaurant company. It operates through three segments: Wendy’s U.S., Wendy’s International, and Global Real Estate & Development. The company operates, develops, and franchises a system of quick-service restaurants specializing in hamburger sandwiches. As of March 2023, they operate approximately 415 company-owned restaurants and 6,825 franchised restaurants worldwide. Wendy’s has a credit rating of B+ from Standard and Poor’s and a long-term rating of B3 from Moody’s. The Wendy's Company (NASDAQ: WEN) is an American holding company for the major fast food chain Wendy's. In 2023, total revenue amounted to over $2.18B with a current market cap of $3.78B. They are headquartered in Dublin, OH. 

...

$ 2,364,600

Wendy’s

Fast Food/QSR  

Cap Rate 6.00% | SF 3,378 | Term 12.6
Caledonia, MI 49316
  • New construction

  • Oversized lot

  • Major thoroughfare

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Over 2000 units backed

  • ...
  • New 2017 construction with drive-thru on 1.59-acre parcel

  • Absolute NNN lease with zero landlord responsibilities

  • 20-year lease term with 13 years remaining

  • Operated by Meritage Hospitality Group, a 388+ unit franchisee

  • Publicly traded franchisee guarantor ensures stability

  • 1.25% annual rent increases built into lease

  • Net operating income of $141,876 with 6.00% cap rate

  • Six 5-year renewal options available for tenant

  • Tenant Wendy's
  • Guarantor Corp T and Rated
  • #Units 7,240
  • Moody's/S&P B3/ B+
  • Stock NASDAQ: WEN

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service restaurant company. It operates through three segments: Wendy’s U.S., Wendy’s International, and Global Real Estate & Development. The company operates, develops, and franchises a system of quick-service restaurants specializing in hamburger sandwiches. As of March 2023, they operate approximately 415 company-owned restaurants and 6,825 franchised restaurants worldwide. Wendy’s has a credit rating of B+ from Standard and Poor’s and a long-term rating of B3 from Moody’s. The Wendy's Company (NASDAQ: WEN) is an American holding company for the major fast food chain Wendy's. In 2023, total revenue amounted to over $2.18B with a current market cap of $3.78B. They are headquartered in Dublin, OH. 

...

$ 2,546,656

Dairy Queen

Fast Food/QSR  

Cap Rate 6.25% | SF 3,247 | Term 2027.6
Broken Arrow, OK 74012
  • Recent renovation

  • In location for years

  • Major thoroughfare

  • Near major nationals

  • Top 100 MSA

  • Business growth area

  • Brand new lease

  • Absolute NNN

  • Over 2000 units backed

  • Top franchise operator

  • ...
  • Recently remodeled in 2024 after original 2005 construction

  • Absolute NNN lease with zero landlord responsibilities

  • 25-year lease term with 22 years remaining

  • Lease guaranteed by franchisee DND Central, Inc. with 11 units

  • 10% rent increase in 2027 then 2% annually

  • Four five-year renewal options included in lease

  • Located on Kenosha Street with 29,000 vehicles per day

  • Net operating income of $159,166 with 6.25% cap rate

  • Tenant Dairy Queen
  • Guarantor Corp T and Rated
  • #Units 7,700
  • Moody's/S&P Aa2/ AA
  • Stock NYSE: BRK.A

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