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1156 West Huron Street, Waterford Township, MI , 48328
  • Size SF 10,922
  • Built/Renov1995
  • Price/SF
    $140
    $174
  • Lease Start03-03-1997
  • Rent/SF$15.69
  • Lease Type Abs NNN
  • Lot/AC1.11
  • Pop 5MI161,660
1,525,000
1,900,000
  • Cap Rate
    11.24%
     
    9.02%
  • NOI $171,342
  • R. Term/Yrs 1.8
  • Guarantor Corp T + R
  • # Units 9,900
  • Hard corner intersection

  • In location for years

  • Near major nationals

  • Highway location

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • CVS Pharmacy has a 25+ year operating history at this location
  • There are approximately 4 years remaining on the current lease with 4 (5-year) option to extend
  • Lease features no rental increases
  • Absolute NNN lease | No landlord resposibilities
  • CVS Pharmacy is an investment grade tenant (S&P: BBB)
  • Tenant CVS
  • Guarantor Corp T and Rated
  • #Units 9,900
  • Moody's/S&P Baa1/ BBB
  • Stock NYSE: CVS

CVS Health Corporation (previously CVS Corporation and CVS Caremark Corporation) is an integrated American healthcare company that owns CVS Pharmacy a retail pharmacy chain, CVS Caremark, a pharmacy benefits manager, and Aetna, a health insurance provider. CVS Pharmacy is currently the second largest retail pharmacy in the US, behind Walgreens. The company has more than 9,900 retail locations in 50 states, Washington DC, and Puerto Rico, with approximately 1,200 walk-in medical clinics and 1,700 pharmacies including locations within Target Corporation stores. CVS Pharmacy fills more than one of every five prescriptions in the U.S., and 85% of the U.S. population lives within 10 miles of a CVS Pharmacy. The company’s market cap is $127B and in 2021 revenue was $256B. The Consumer Value Stores (CVS) company was founded in 1963 and begun in Lowell, MA. It is now headquartered in Woonsocket, RI.

...
1945 Indian Trail Lilburn Rd NW, Norcross, GA , 30071
  • Size SF 1,985
  • Built/Renov1985/2019
  • Price/SF
    $1,259
    $1,276
  • Lease Start07-01-2022
  • Rent/SF$57.43
  • Lease Type Abs NNN
  • Lot/AC0.75
  • Pop 5MI262,716
2,500,000
2,533,000
  • Cap Rate
    4.56%
     
    4.50%
  • NOI $114,000
  • R. Term/Yrs 11.11
  • Guarantor Corp Rated
  • # Units 775
  • Signalized intersection

  • Recent renovation

  • Hard corner intersection

  • Dense retail corridor

  • Top 100 MSA

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • The tenant, RTM Georgia, Inc. dba Arby’s, recently executed a brand-new 15-year lease renewal with 4 (5-year) options to extend
  • The lease features rare 1.25% annual rental increases throughout the initial term and option periods
  • Arby’s has been at this location since 2000 and has recently remodeled the property in 2019
  • Tenant Arby’s
  • Guarantor Corp Rated
  • #Units 775
  • Moody's/S&P B2/ B+
  • Stock Private

Arby’s is the second-largest sandwich restaurant brand in the world and was founded in 1964. It now has more than 3,500 restaurants in 9 countries and over 80,000 employees. Arby’s is well known for slow roasted, sliced roast beef sandwiches and famous Market Fresh sandwiches. Arby’s revenue was almost $3.9B in 2019. Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011. Roark Capital Group has over $33B in assets. After the Arby’s acquisition, Roark created Inspired Brands and acquired additional restaurant companies. Both Arby’s and Roark Capital Group are headquartered in Atlanta, GA.

Inspire Brands is a privately held company and the 2nd largest restaurant company in the world. Their brands include Arby’s, Sonic and Dunkin Donuts. They manage over 32,000 restaurants, 650,000 company and franchise members, and have over $30B in global system sales. Inspire Brands is headquartered in Sandy Springs, GA.

...
301 Meadow Drive, North Tonawanda, NY , 14120
  • Size SF 58,000
  • Built/Renov2004/2023
  • Price/SF$237
  • Lease Start01-23-2004
  • Rent/SF$16.25
  • Lease Type NN+
  • Lot/AC4.39
  • Pop 5MI129,881

13,760,000

  • Cap Rate 6.85%
  • NOI $942,500
  • R. Term/Yrs 9.0
  • Guarantor Corporate
  • # Units 149
  • Recent renovation

  • In location for years

  • Near major nationals

  • Highway close

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Strong demographics

  • Favorable NN+ lease

  • Top performing store

  • Corporate Guarantee

  • ...
  • Tops Market invested nearly $3M into their store renovation in 2023
  • Tenant recently exercised a twelve (12) year lease extension bringing the lease expiration to July 2034
  • Minimal LL responsibilities | Tenant responsible for roof, including replacement
  • Tops fuel center on-site drives additional traffic to the property and is included in the sale
  • Tenant Tops Friendly Markets
  • Guarantor Corporate
  • #Units 149
  • Stock Private

Tops Markets is a leading supermarket retailer in New York and Pennsylvania markets. With over 14,000 employees, 140+ full-service supermarkets including 5 operated by franchisees under the Tops banner, and 59 fuel stations. Tops also operates two distribution facilities in Lancaster and West Seneca, NY. In 1991, the supermarket was acquired by Ahold, a major international food retail conglomerate based in the Netherlands. In 2006, Ahold announced that they would sell TOPS Markets to Morgan Stanley Private Equity. In November 2013, six members of TOPS’ executive team, led by now Chairman and CEO Frank Curci, purchased the company from Morgan Stanley Private Equity, returning TOPS back to complete local ownership. In November of 2021, Tops Markets and Price Chopper/Market 32 announced the closure of their merger. Under this agreement, Northeast Grocery Inc. would become the two stores’ parent company with the two brands keeping and maintaining their unique brand identities. Now at almost 300 stores, the merger vastly increased the two grocers’ collective footprint in the northeast. Tops Friendly Markets is headquartered in Williamsville, NY.

...
1540 W Plato Rd, Duncan, OK , 73533
  • Size SF 4,000
  • Built/Renov2021
  • Price/SF
    $1,138
    $1,120
  • Lease Start06-01-2023
  • Rent/SF$67.20
  • Lease Type Abs NNN
  • Lot/AC1.25
  • Pop 5MI17,822
4,550,000
4,480,000
  • Cap Rate
    5.91%
     
    6.00%
  • NOI $268,800
  • R. Term/Yrs 12.10
  • Guarantor Corporate
  • # Units 19
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • Newly constructed in 2021
  • Chisholm Corner has committed to signing a brand-new 15-year lease upon sale with 4 (5-year) options to extend
  • Lease will feature 7.5% rental increases every 5 years throughout initial term
  • Absolute NNN lease zero landlord responsibilities 
  • Asset qualifies for super bonus depreciation tax status
  • Corporate guarantee by 7E CO Holdings, LLC 
  • Tenant Chisholm Corner
  • Guarantor Corporate
  • #Units 19
  • Stock Private

Chisholm Corner is a convenience store chain in Southwest Oklahoma and North Texas. The first Chisholm Corner opened in 2000 with the basic principle of providing customers with clean and friendly convenience store facilities. Each location provides drivers with access to a welcoming facility from which to purchase fuel, snacks, deli options, and at most locations a drive-thru. Over the last 20 years, the company has grown into a 19-store chain. In 2022, a division of Monfort’s Companies, 7E CO Holdings, LLC, acquired Chisholm Corner for an undisclosed amount. All locations will be operated by 7E CO Holdings, LLC under the Chisholm Corner brand name. The company is headquartered in Duncan, OK.

Monfort Companies is a privately held investment management company who’s specialties include: Private Capital, Real Estate, Ranch & Agriculture, Sports & Entertainment, Energy, Aviation, Restaurants, and Gas & Convenience. 7E CO Holdings, LLC is the parent entity to Monfort Companies’ convenience store business. 7E Holdings, LLC has been investing in and operating gas stations and convenience stores since 2016. They purchased a 19-store Chisholm Corner chain in 2022. After the acquisition, the firm now owns 78 stores in Colorado, Oklahoma, Texas, Minnesota, and Wisconsin under brands including 7-Eleven, Speedway, Jack's and Monfort Express. They are headquartered in Denver, CO.

...
1 East H Avenue, Cache, OK , 73527
  • Size SF 4,000
  • Built/Renov2003
  • Price/SF
    $579
    $626
  • Lease Start06-01-2023
  • Rent/SF$39.13
  • Lease Type Abs NNN
  • Lot/AC0.75
  • Pop 5MI15,138
2,314,500
2,504,000
  • Cap Rate
    6.76%
     
    6.25%
  • NOI $156,500
  • R. Term/Yrs 12.10
  • Guarantor Corp Traded
  • # Units 19
  • In location for years

  • University college close

  • Top 100 MSA

  • Affluent suburb location

  • Long operation history

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • Chisholm Corner has been operating at this location since 2003
  • Chisholm Corner has committed to signing a brand-new 15-year upon sale with 4 (5-year) options to extend
  • Lease will feature 7.5% rental increases every 5 years throughout initial term
  • Absolute NNN lease zero landlord responsibilities ​
  • Asset qualifies for super bonus depreciation tax status
  • Corporate guarantee by 7E CO Holdings, LLC 
  • Tenant Chisholm Corner
  • Guarantor Corp Traded
  • #Units 19
  • Stock Private

Chisholm Corner is a convenience store chain in Southwest Oklahoma and North Texas. The first Chisholm Corner opened in 2000 with the basic principle of providing customers with clean and friendly convenience store facilities. Each location provides drivers with access to a welcoming facility from which to purchase fuel, snacks, deli options, and at most locations a drive-thru. Over the last 20 years, the company has grown into a 19-store chain. In 2022, a division of Monfort’s Companies, 7E CO Holdings, LLC, acquired Chisholm Corner for an undisclosed amount. All locations will be operated by 7E CO Holdings, LLC under the Chisholm Corner brand name. The company is headquartered in Duncan, OK.

Monfort Companies is a privately held investment management company who’s specialties include: Private Capital, Real Estate, Ranch & Agriculture, Sports & Entertainment, Energy, Aviation, Restaurants, and Gas & Convenience. 7E CO Holdings, LLC is the parent entity to Monfort Companies’ convenience store business. 7E Holdings, LLC has been investing in and operating gas stations and convenience stores since 2016. They purchased a 19-store Chisholm Corner chain in 2022. After the acquisition, the firm now owns 78 stores in Colorado, Oklahoma, Texas, Minnesota, and Wisconsin under brands including 7-Eleven, Speedway, Jack's and Monfort Express. They are headquartered in Denver, CO.

...
1220 Airport Blvd, Pensacola, FL , 32504
  • Size SF 216,929
  • Built/Renov1998
  • Price/SF
    $30
    $30
  • Lease Start06-29-2018
  • Rent/SF$1.75
  • Lease Type NN+
  • Lot/AC4.98
  • Pop 5MI151,798
6,591,000
6,591,300
  • Cap Rate
    5.75%
     
    5.75%
  • NOI $379,000
  • R. Term/Yrs 12.11
  • Guarantor Corporate
  • # Units 721
  • Oversized lot

  • Major thoroughfare

  • Dense retail corridor

  • Big Box center

  • Strategically located

  • Freeway close

  • Dense 100M+ pop 5 mi

  • Income tax free state

  • Long 15+ yr lease

  • Favorable NN+ lease

  • ...
  • The tenant, Ashley Furniture has approximately 15-years remaining on their current lease with 2 (5-year) options to extend
  • Rental increases at the beginning of year 6 & year 11, and any option period by an amount equal to the base rent for the then expiring lease year multiplied by 300% of the Consumer Price Index (CPI) increase
  • Ashley Furniture is currently subleasing the building from CWI Inc. (Camping World/Gander)
  • Ashley Furniture covered all costs for sublease and TI for subtenant buildout
  • Favorable NN+ lease
  • Tenant Ashley Furniture
  • Guarantor Corporate
  • #Units 721
  • Stock Private

Ashley Furniture is an American furniture store chain founded in 1997. It now has over 2,000 locations worldwide that sell Ashley Furniture products. The chain has both corporate and independently licensed and operated furniture stores. The parent company Ashley Furniture Industries, run by a father and son team, is the world's largest home furniture manufacturer. The company manufactures and distributes home furnishings throughout the globe and has more than 18,000 employees. Ashley Furniture Industries sells home furnishings and accessories available through two distribution channels: independent furniture dealers and the more than 700 Ashley Furniture HomeStore retail furniture stores. These locations are independently owned and operated by licensees in the United States, Canada, Mexico, Central America, and Japan. Both Ashley HomeStore and parent company Ashley Furniture Industries are privately held. Ashley HomeStore is headquartered in Arcadia, WI.

...
406 South Fremont Street, Shenandoah, IA , 51601
  • Size SF 632
  • Built/Renov2022
  • Price/SF$704
  • Lease Start02-28-2022
  • Rent/SF$49.37
  • Lease Type Abs NNN
  • Lot/AC0.30
  • Pop 5MI5,562

445,000

  • Cap Rate 7.00%
  • NOI $31,150
  • R. Term/Yrs 6.7
  • Guarantor Franchisee
  • # Units 40
  • New construction

  • Near major nationals

  • Shopping Ctr out-parcel

  • Strategically located

  • Highway location

  • Strong tenant synergy

  • Absolute NNN

  • 25+ unit franchisee backed

  • ...
  • Scooter’s Coffee has 7+ years remaining on the current ground lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by MCY, LLC | Operator is the second largest franchisee with over 40 locations
  • Tenant Scooter's Coffee
  • Guarantor Franchisee
  • #Units 40
  • Stock Private

Scooter’s Coffee is an American drive-thru specialty coffee kiosk chain. The private company is one of the fastest-growing drive-thru coffee franchises in the nation. Scooter’s prides itself on roasting only the finest coffee beans in the world. Founded in 1998 in Bellevue, Nebraska as “Scooter’s Java Express”, the chain rebranded and began franchising (2001) to meet the growing demand for its products. As of October 2023, the chain is approaching 750 stores in 30 states and plans to have more than 1,000 stores open by the end of 2024. Scooter’s Coffee is headquartered in Omaha, NE.

...
1712 Lincoln Highway, North Versailles, PA , 15137
  • Size SF 10,000
  • Built/Renov2023
  • Price/SF$179
  • Lease Start03-01-2023
  • Rent/SF$12.95
  • Lease Type NN+
  • Lot/AC1.10
  • Pop 5MI130,422

1,786,207

  • Cap Rate 7.25%
  • NOI $129,500
  • R. Term/Yrs 7.7
  • Guarantor Corp T + R
  • # Units 19,986
  • New construction

  • Near major nationals

  • Strategically located

  • Highway location

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Favorable NN+ lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Brand new 2023 construction
  • Dollar General has 8+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products, and much more from America’s most-trusted brands and products, along with high-quality private brands. The company began in 1939 as a family-owned business called J.L. Turner and Son. In 1955, the name changed to Dollar General Corporation, and in 1968 the company went public. As of February 2024, the company operates 19,986 retail stores in 48 U.S. states and Mexico, in addition to 18 distribution centers for non-refrigerated products, ten cold storage distribution centers, and three combination distribution centers. In 2023, the company had a market cap of $29.84B and a revenue of $39.03B. The company is headquartered in Goodlettsville, TN.

...
812 East Young Avenue, Warrensburg, MO , 64093
  • Size SF 16,102
  • Built/Renov1950/2022
  • Price/SF $174
  • Lease Start11-01-2022
  • Rent/SF$10.43
  • Lease Type NN+
  • Lot/AC5.00
  • Pop 5MI25,674

2,800,000

  • Cap Rate 6.00%
  • NOI $168,000
  • R. Term/Yrs 11.3
  • Guarantor Corporate
  • # Units 1,605
  • Recent renovation

  • Oversized lot

  • Major thoroughfare

  • Dense retail corridor

  • Top 100 MSA

  • Brand new lease

  • Long 10+ yr lease

  • Favorable NN+ lease

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • New 2022 renovation
  • Brand-new 14 year lease with 2 (5-year) options to extend
  • Lease features 2% annual rental increases throughout the initial term and options and at the beginning of each option
  • Favorable NN+ lease with landlord responsibilites limited to roof and structure
  • Corporate guarantee by Hellman & Friedman
  • Tenant Caliber Collision
  • Guarantor Corporate
  • #Units 1,605
  • Stock Private

Caliber Collision Centers is the largest collision repair company in America with more than 1,500 I-CAR Gold Class Professional certified collision repair centers across 40 states. Founded in 1997, Caliber is consistently ranked among the highest in customer satisfaction in the industry and backs all repair work with a written, lifetime warranty available at any of its 1,500+ repair centers. The company repairs more than 450,000 vehicles annually. Caliber Collision has undergone rapid recent growth by aggressively acquiring various local auto body repair shops. Caliber Collision has developed strategic partnerships with 57 car dealerships throughout the U.S. in addition to 34 insurance carriers. The company earns roughly $4B in annual revenue and is headquartered in Lewisville, TX.

Caliber’s majority ownership is held by Hellman and Friedman, one of the most successful investment organizations in the private equity industry. Founded in 1984, the firm has raised more than $35B of committed capital and invested in more than 80 companies. They are headquartered in SanFrancisco, CA.

...
19850 E Valley View Pkwy, Independence, MO , 64057
  • Size SF 4,184
  • Built/Renov2003
  • Price/SF
    $275
    $382
  • Lease Start08-01-2003
  • Rent/SF$26.77
  • Lease Type Abs NNN
  • Lot/AC1.34
  • Pop 5MI126,278
1,150,000
1,600,000
  • Cap Rate
    9.74%
     
    7.00%
  • NOI $112,016
  • R. Term/Yrs 3.0
  • Guarantor Corporate
  • # Units 370
  • In location for years

  • Near major nationals

  • Shopping Ctr out-parcel

  • Freeway visibility

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Strong demographics

  • Recently extended lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Hooters has been operating at this location since 2003
  • The tenant has over 5 years remaining on the current lease term with 1 (5-year) option to extend
  • Lease features 15% rental increase throughout the initial term and at the option period
  • Absolute NNN featuring zero landlord responsibility
  • Corporate guarantee by Hooters of America, LLC
  • Tenant Hooters (GL)
  • Guarantor Corporate
  • #Units 370
  • Stock Private

Hooters is a beach-themed casual restaurant that features music, sports on large flat screens, and a menu that includes seafood, sandwiches, burgers, salads, and of course, the restaurant's specialty, chicken wings. The first Hooters was opened in 1983 in Clearwater, Florida. Hooters is the registered trademark used by two American restaurant chains: Hooters, Inc. and Hooters of America, LLC. which is owned by the private investment firm Nord Bay Capital and TriArtisan Capital Advisors (as of 2019). While Hooters, Inc. retains control over restaurants in a few territories, Hooters of America, LLC sells franchising rights to the rest of the United States and international locations. Hooters of America, LLC is operator and franchisor of 370 locations in 35 states and 18 countries as of 2023. The privately held corporation also owns and operates 205 locations. Hooters, Inc., is headquartered in Clearwater, Florida, while Hooters of America, Inc. is headquartered in Atlanta, Georgia.

...
2014 NW Topeka Blvd, Topeka, KS , 66608
  • Size SF 2,325
  • Built/Renov2022
  • Price/SF $989
  • Lease Start12-19-2022
  • Rent/SF$48.00
  • Lease Type NN+
  • Lot/AC0.86
  • Pop 5MI79,451

2,300,000

  • Cap Rate 4.85%
  • NOI $111,600
  • R. Term/Yrs 12.5
  • Guarantor Corp Traded
  • # Units 3,224
  • New construction

  • New prototype

  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Highway close

  • Brand new lease

  • Long 15+ yr lease

  • Corporate Guarantee

  • Publicly traded company

  • ...
  • New 2022 construction
  • Chipotle recently signed a brand new 15 year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years and at each option period
  • Favorable NN+ lease with landlord responsibilities limited to roof and structure
  • Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)
  • Tenant Chipotle
  • Guarantor Corp Traded
  • #Units 3,224
  • Stock NYSE: CMG

Chipotle Mexican Grill, Inc., (NYSE: CMG) often known simply as Chipotle, is an American chain of fast casual restaurants in the U.S., United Kingdom, Canada, Germany, and France, specializing in bowls, tacos and Mission burritos that are made to order in front of the customer. Its name derives from chipotle, the Nahuatl name for a smoked and dried jalapeño chili pepper. Founded by Steve Ells in 1993, Chipotle had 16 restaurants (all in Colorado) when McDonald’s Corporation became a major investor in 1998. By the time McDonald’s fully divested itself from Chipotle in 2006, also the year the company went public, the chain had grown to over 500 locations. In 2018, Chipotle announced the relocation of their corporate headquarters to Newport Beach, California, in Southern California, ending their relationship with Denver after 25 years. Today, the company has more than 3,200 locations in 49 states and territories, over 50 international Chipotle restaurants, and employs over 100,000 people. Chipotle had a 2022 reported revenue of $8.63B and a current market cap of $56.08B.

...
6550 Mt Moriah Rd, Memphis, TN , 38115
  • Size SF 8,320
  • Built/Renov2012
  • Price/SF $236
  • Lease Start04-12-2012
  • Rent/SF$16.53
  • Lease Type NN+
  • Lot/AC2.12
  • Pop 5MI210,158

1,965,000

  • Cap Rate 7.00%
  • NOI $137,500
  • R. Term/Yrs 1.8
  • Guarantor Corp T + R
  • # Units 8,912
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Highway close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Income tax free state

  • Favorable NN+ lease

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Family Dollar has been operating in this location since 2012
  • The tenant has over 3.5 years remaining on the current lease with 5 (5-year) options to extend
  • Lease features 10% rental increases every 5 years and at each option period
  • Favorable NN+ lease with landlord responsibilities limited to roof and structure
  • Corporate guarantee by Dollar Tree, Inc. (NASDAQ: DLTR)
  • Tenant Family Dollar
  • Guarantor Corp T and Rated
  • #Units 8,912
  • 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 sells household cleaners, food, health and beauty aids, toys, apparel, home fashions, and more—all for everyday low prices. 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 (NASDAQ: DLTR). This brought the total to over 15,000 locations with the combined stores of Family Dollar and Dollar Tree. Dollar Tree has a current market cap of $34.72B. The company has an investment grade credit rating of BBB, and revenue for 2021 was $26.31B. Dollar Tree is headquartered in Chesapeake, VA.

...
110 Field View Lane, Madison, AL , 35756
  • Size SF 1,663
  • Built/Renov2022
  • Price/SF$1,317
  • Lease Start04-26-2023
  • Rent/SF$87.56
  • Lease Type Abs NNN
  • Lot/AC0.87
  • Pop 5MI80,398

2,190,000

  • Cap Rate 6.65%
  • NOI $145,619
  • R. Term/Yrs 13.0
  • Guarantor Corporate
  • # Units 85
  • New construction

  • Shopping Ctr out-parcel

  • Highway location

  • Business growth area

  • Affluent AHHI $100K 5 Mi

  • Major MSA

  • Brand new lease

  • Absolute NNN

  • Accelerated depreciation

  • Corporate Guarantee

  • ...
  • New 2022 construction
  • Tenant signed a new 15-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN with zero landlord responsibilities
  • Corporate guarantee by Strickland Enterprises, LLC
  • Tenant Strickland Brothers
  • Guarantor Corporate
  • #Units 85
  • Stock Private

Strickland Brothers is a fast-growing one-stop shop for oil changes and vehicle maintenance services. The company is well-known for its drive-thru 10-minute oil change, and offers a list of comprehensive professional automotive maintenance and repair services, as well as state inspection services, fleet services and free courtesy checks. Established in 2016 in Thomas, North Carolina, by 2018 the company had more than five units opened throughout the Carolinas. In 2020 through franchising, they started national expansion, awarding 50 units in 10 states within the first 6 months. Today, Strickland Brothers has over 170 locations and more than 200 locations in various phases of development. In May 2021 the company gained an investment from private equity firm Princeton Equity Group to help fuel growth. Strickland Brothers is headquartered in Winston Salem, North Carolina.

Princeton Equity Group is a private equity firm that invests in growth-stage companies with a focus in franchised and multi-unit business models. The firm, founded in 2006 partners with companies across the consumer, healthcare, and business service industries. Princeton Equity Group’s investments include European Wax Center, Massage Envy, Sola Salons, Urban Air, and many more. The firm is headquartered in Princeton, New Jersey.

...
20850 W Bellfort Blvd, Richmond, TX , 77407
  • Size SF 3,840
  • Built/Renov2023
  • Price/SF $1,260
  • Lease Start03-01-2023
  • Rent/SF$78.13
  • Lease Type Abs NNN
  • Lot/AC1.29
  • Pop 5MI192,619

4,840,000

  • Cap Rate 6.20%
  • NOI $300,000
  • R. Term/Yrs 17.7
  • Guarantor Corporate
  • # Units 88
  • New construction

  • Strong tenant synergy

  • Highway close

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • New 2023 construction
  • Brand-new 20-year lease with 4 (5-year) options to extend
  • Lease features 1.25% annual rental increases throughout the initial term and at each option period
  • Absolute NNN presents zero landlord responsibilities
  • Corporate guarantee by Freeman Spogli & Co.
  • Tenant WhiteWater Express Car Wash
  • Guarantor Corporate
  • #Units 88
  • Stock Private

WhiteWater Express Car Wash is a high-growth, multi-state operator of express car washes. The chain uses state-of-the-art technology using only half the amount of water as the industry standard, while ensuring that their car washes are completed in under three minutes. In addition to their soft foam wash, WhiteWater uses tri-foam color polish, gold carnauba wax, and rain repellent glass wax, and also offer a wide variety of free after wash on-site perks such as self-serve vacuum stations and wet or dry mat cleaning machines. Founded in 2015, in Houston, Texas, in 2021 WhiteWater partnered with Freeman Spogli & Co., a private equity firm. In 2022 WhiteWater grew by nearly 50%, closing out the year with 88 sites, in six states and 12 MSAs, with plans to exceed 100 locations in 2023. They are headquartered in Houston, Texas.

Freeman Spogli & Co is a private equity firm dedicated to investing with management in middle market companies in the consumer and distribution sectors through leveraged buyouts and recapitalizations. The firm has invested over $5.3B in 67 portfolio companies with an aggregate transaction value of over $25B. Current investment include El Pollo Loco, Batteries + Bulbs, Cafe Rio, Planet Fitness, ARHAUS, and more. The firm is headquartered in Los Angeles, California.

...
1161 Victory Blvd, Staten Island, NY , 10301
  • Size SF 13,961
  • Built/Renov2012
  • Price/SF$716
  • Lease Start02-11-2013
  • Rent/SF$36.83
  • Lease Type Abs NNN
  • Lot/AC0.72
  • Pop 5MI495,000

10,000,000

  • Cap Rate 5.14%
  • NOI $514,250
  • R. Term/Yrs 12.7
  • Guarantor Corp T + R
  • # Units 13,532
  • Signalized intersection

  • Hard corner intersection

  • Strategically located

  • Freeway close

  • Highway location

  • Top 100 MSA

  • Below Market Rent

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Walgreens has 13+ years remaining on base period with 4 (5-year) and 1 (4-year) option to extend
  • Lease features a rental increase of 10% throughout base and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Tenant pays below market rent of $36.83 PSF
  • Corporate guarantee | Investment grade tenant
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 13,532
  • Moody's/S&P Baa2/ BBB-
  • 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.

...
8444 Winton Rd, Cincinnati, OH , 45231
  • Size SF 3,850
  • Built/Renov2023
  • Price/SF $686
  • Lease Start02-23-2023
  • Rent/SF$42.86
  • Lease Type Abs NNN
  • Lot/AC0.65
  • Pop 5MI234,975

2,640,000

  • Cap Rate 6.25%
  • NOI $165,000
  • R. Term/Yrs 9.7
  • Guarantor Corporate
  • # Units 62
  • New construction

  • New prototype

  • High traffic 50M+ VPD

  • Freeway close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • ...
  • New construction | Drive-thru prototype scheduled to open May 2023
  • City BBQ recently signed a new 12-year ground lease with 3 (5-year) options to extend
  • The lease features a rental increase of 10% in year 4 of each option period
  • Absolute NNN lease structure provides a management-free investment
  • Corporate guarantee by Freeman Spogli & Co
  • Tenant City BBQ (GL)
  • Guarantor Corporate
  • #Units 62
  • Stock Private

City Barbeque, LLC (dba City BBQ) is a fast-casual restaurant company focused on authentic, "smoker-to-table" barbeque. City Barbeque serves beef brisket, pulled pork, turkey breast, pulled chicken, smoked sausage, bone-in chicken, and St. Louis–cut ribs. City Barbeque smokes meats and makes sides & desserts in each restaurant daily. The company was founded in 1999 in Columbus, OH by former CEO Rick Malir and a team of barbeque enthusiasts who won the American Royal Invitational for the best brisket in the country. In addition to their restaurants, the company offers catering services for both corporate and private events. Though their largest presence is still in Ohio with over 25 locations, the brand now operates over 60 corporate restaurants across Ohio, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina and Wisconsin. The brand has received national publicity and is set for even more growth after partnering with leading private equity firm, Freeman Spogly & Co in 2016. The private company is headquartered in Columbus, OH.

Freeman Spogli & Co is a private equity firm dedicated to investing with management in middle market companies in the consumer and distribution sectors through leveraged buyouts and recapitalizations. The firm has invested over $5.3B in 67 portfolio companies with an aggregate transaction value of over $25B. Current investments include El Pollo Loco, Batteries + Bulbs, Cafe Rio, Planet Fitness, ARHAUS, and more. The firm is headquartered in Los Angeles, California.

...
201 East Euless Boulevard, Euless, TX , 76040
  • Size SF 3,123
  • Built/Renov2023
  • Price/SF
    $672
    $708
  • Lease Start04-16-2023
  • Rent/SF$33.62
  • Lease Type Abs NNN
  • Lot/AC1.08
  • Pop 5MI231,375
2,100,000
2,211,000
  • Cap Rate
    5.00%
     
    4.75%
  • NOI $105,000
  • R. Term/Yrs 17.9
  • Guarantor Corporate
  • # Units 791
  • New construction

  • High traffic 50M+ VPD

  • Major thoroughfare

  • Freeway visibility

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 20+ yr lease

  • Corporate Guarantee

  • ...
  • New 2023 construction
  • Brand-new 20 year lease with 3 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at each option period
  • Absolute NNN ground lease with zero landlord responsibilities
  • Corporate guarantee by The Jordan Company
  • Tenant Bojangles (GL)
  • Guarantor Corporate
  • #Units 791
  • Stock Private

Bojangles OpCo, LLC., doing business as Bojangles, is an American regional chain of fast food restaurants that specializes in cajun-seasoned, fried chicken and buttermilk biscuits created from scratch. Bojangles’ brand is dedicated to honoring traditional Southern recipes through a new generation of unique flavors, for families and friends who desire the simple goodness of a hometown experience. Founded in 1977 in Charlotte, NC, the chain currently operates approximately 800 plus locations in 14 states. Bojangles is headquartered in Charlotte, NC. and had revenue of $574M in 2021.

In January 2019, Bojangles was acquired by The Jordan Company and Durational Capital Management, making it a privately held company. TJC partners with profitable companies to realize significant opportunities for long-term growth. The Firm's portfolio includes 41 companies that generate approximately $19.7B of annual revenue.

...
36802 U.S. Highway 191, Sanders, AZ , 86512
  • Size SF 9,180
  • Built/Renov2008
  • Price/SF
    $112
    $115
  • Lease Start07-01-2007
  • Rent/SF$8.09
  • Lease Type NN+
  • Lot/AC1.20
  • Pop 5MI698
1,025,000
1,060,000
  • Cap Rate
    7.24%
     
    7.00%
  • NOI $74,223
  • R. Term/Yrs 3.5
  • Guarantor Corp T + R
  • # Units 8,206
  • In location for years

  • Major thoroughfare

  • Freeway close

  • Highway location

  • Hospital close

  • Long operation history

  • Favorable NN+ lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Family Dollar has operated at this location since 2007
  • Tenant has over 5 years remaining in the current term and 5 (5-year) options to extend
  • Lease features 5% rent increases at the beginning of each option (next increase in Jan 2029)
  • Favorable NN+ | Landlord responsible for roof & structure
  • Corporate guarantee by Family Dollar, Inc, subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR)
  • Family Dollar is an investment grade tenant (S&P: BBB)
  • Tenant Family Dollar
  • Guarantor Corp T and Rated
  • #Units 8,206
  • 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. 

 

Dollar Tree (NASDAQ: DLTR) ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores. They operate more than 16,000 stores across the 48 contiguous states and five Canadian provinces, under the brands Dollar Tree and Family Dollar. Dollar Tree has a current market cap of $29.58B. The company has an investment grade credit rating of BBB, and revenue for 2022 was $26.31B.  Dollar Tree is headquartered in Chesapeake, VA. 

...
3327 W Mercury Blvd, Hampton, VA , 23666
  • Size SF 4,088
  • Built/Renov2023
  • Price/SF
    $1,400
    $1,476
  • Lease Start02-15-2023
  • Rent/SF$73.81
  • Lease Type Abs NNN
  • Lot/AC0.88
  • Pop 5MI182,316
5,725,000
6,035,000
  • Cap Rate
    5.27%
     
    5.00%
  • NOI $301,743
  • R. Term/Yrs 12.7
  • Guarantor Corp T + R
  • # Units 83,282
  • New construction

  • Signalized intersection

  • Highway location

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Brand new lease

  • Long 10+ yr lease

  • Accelerated depreciation

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Brand-new BTS construction; grand opening Feb 2023
  • Tenant has over 14.5 years remaining in the initial term with 4 (5-year) options to extend
  • Lease features 10% rent increases every 5 years and at the start of option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Seven and I Holdings (OTCMKTS: SVNDY)
  • 7-Eleven is an investment grade tenant (S&P: A)
  • Tenant 7-Eleven
  • Guarantor Corp T and Rated
  • #Units 83,282
  • Moody's/S&P Baa2/ A
  • Stock OTCMKTS: SVNDY

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises and/or licenses more than 83,000 stores in 19 countries, including over 12,500 retail locations in the U.S. By acquiring Speedway (2020), the retailer picked up 4,000 more stores in North America, boosting presence to 47 of the top 50 MSAs. The company's Financial Services segment offers banking, leasing, and credit card services. Its Specialty Store Operations segment operates specialty retail stores. It operates approximately 21,400 stores in Japan. 7-Eleven has an investment grade credit rating. The company’s market cap is over $44B and in 2022 revenue was over $87.60B. The chain was founded in 1927 as an ice-house storefront in Dallas TX. 7-Eleven is privately owned and as of 1991 is a wholly owned subsidiary of Seven-Eleven Japan Co., Ltd in Tokyo, Japan.

...
14646 Blanco Road, San Antonio, TX , 78216
  • Size SF 3,168
  • Built/Renov2002/2006
  • Price/SF $781
  • Lease Start10-01-2002
  • Rent/SF$37.88
  • Lease Type Abs NNN
  • Lot/AC0.92
  • Pop 5MI234,045

2,475,000

  • Cap Rate 4.85%
  • NOI $120,000
  • R. Term/Yrs 7.3
  • Guarantor Corporate
  • # Units 946
  • In location for years

  • Major thoroughfare

  • Dense retail corridor

  • Shopping Ctr out-parcel

  • Dense 200M+ pop 5 mi

  • Affluent AHHI $100K 5 Mi

  • Income tax free state

  • Recently extended lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Whataburger has been operating in this location since 2002
  • There are over 9 years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features an 8% rental increase in Nov ‘27, as well as 10% increases at the beginning of each option period
  • Absolute NNN ground lease featuring zero landlord responsibilities
  • Corporate guarantee by BDT Capital
  • Tenant Whataburger (GL)
  • Guarantor Corporate
  • #Units 946
  • Stock Private

Whataburger is an American regional fast food restaurant chain. The company, founded by Harmon Dobson and Paul Burton, opened its first restaurant in Corpus Christi, TX, in 1950. Known for their many varieties of hamburgers, they also offer chicken sandwiches, sides, and soft drinks as well as a breakfast menu. The company currently has over 50,000 employees and 946 locations with a great majority of them located in TX and others in FL, AZ, and several other southern states. With more than $2.5B revenue annually, Whataburger is headquartered in San Antonio, TX.

On June 14, 2019, the Dobson family sold its majority stake in the company to BDT Capital, a Chicago-based investment company. Byron David Trott is the founder, chairman and CEO of BDT Capital Partners, a merchant bank that provides advice and capital to family and founder-led companies. BDT has partnered with other companies such as Krispy Kreme Doughnuts and Peet’s Coffee & Tea and currently has deployed more than $30B in capital.

...
North Martin Luther King Boulevard & W Alexander Rd, North Las Vegas, NV , 89032
  • Size SF 4,000
  • Built/Renov2023
  • Price/SF$1,021
  • Lease Start06-01-2023
  • Rent/SF$48.00
  • Lease Type Abs NNN
  • Lot/AC1.24
  • Pop 5MI468,711

4,085,000

  • Cap Rate 4.70%
  • NOI $192,000
  • R. Term/Yrs 12.10
  • Guarantor Corp T + R
  • # Units 83,282
  • New construction

  • Signalized intersection

  • Hard corner intersection

  • Freeway close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Accelerated depreciation

  • Traded and rated company

  • ...
  • New 2023 construction
  • Brand-new 15-year lease with 4 (5-year) options to extend
  • Lease features 7.5% rent increases every 5 years and at the start of option periods
  • Absolute NNN lease with zero landlord responsibilities
  • Fee simple ownership of a convenience store qualifies for bonus depreciation
  • 7-Eleven is an investment grade tenant (S&P: A)

 
  • Tenant 7-Eleven
  • Guarantor Corp T and Rated
  • #Units 83,282
  • Moody's/S&P Baa2/ A
  • Stock OTCMKTS: SVNDY

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises and/or licenses more than 83,000 stores in 19 countries, including over 12,500 retail locations in the U.S. By acquiring Speedway (2020), the retailer picked up 4,000 more stores in North America, boosting presence to 47 of the top 50 MSAs. The company's Financial Services segment offers banking, leasing, and credit card services. Its Specialty Store Operations segment operates specialty retail stores. It operates approximately 21,400 stores in Japan. 7-Eleven has an investment grade credit rating. The company’s market cap is over $44B and in 2022 revenue was over $87.60B. The chain was founded in 1927 as an ice-house storefront in Dallas TX. 7-Eleven is privately owned and as of 1991 is a wholly owned subsidiary of Seven-Eleven Japan Co., Ltd in Tokyo, Japan.

...
6880 AR-9, Center Ridge, AR , 72027
  • Size SF 3,883
  • Built/Renov1987/2022
  • Price/SF
    $318
    $318
  • Lease Start01-07-2022
  • Rent/SF$23.87
  • Lease Type Abs NNN
  • Pop 5MI2,024
1,236,000
1,236,000
  • Cap Rate
    7.50%
     
    7.50%
  • NOI $92,700
  • R. Term/Yrs 16.5
  • Guarantor Corporate
  • # Units 139
  • Recent renovation

  • Recent building upgrades

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • Limited competition

  • Annual rent increases

  • Corporate Guarantee

  • Over 100 Units backed

  • ...
  • Recent 2022 renovations
  • SQRL recently signed a new 20-year lease with 4 (5-year) options to extend
  • Lease features 3% annual rental increases throughout the initial term and at each option period
  • Absolute NNN lease featuring zero landlord responsibilities
  • Gas stations offer increased depreciation expenses
  • Extremely limited competition in the area
  • Tenant SQRL
  • Guarantor Corporate
  • #Units 139
  • Stock Private

SQRL Fuel operates gas stations with coffee-shop-like convenience stores. Their brand focuses on being family friendly and environmentally conscious as well as offering high quality products, several of which are sourced from local businesses. Locations feature a juice/smoothie bar, local ice cream, electric vehicle charging stations, free WIFI and clean bathrooms. Some locations feature solar panels and full service fuel pumps. As of March 2023, there are over 100 locations spanning 10 states, with over half of those locations being in Arkansas and Florida. SQRL Fuel stations are operated by SQRL Holdings, LLC (also known as Project SQRL) which has a portfolio of namesake companies in the sectors of commercial real estate, convenience stores, fuel supply, mineral rights, credit card processing, and advertising media. The private company is headquartered in Little Rock, Arkansas.

...
13956 N Sandario Rd, Marana, AZ , 85653
  • Size SF 950
  • Built/Renov2023
  • Price/SF
    $2,403
    $2,379
  • Lease Start02-15-2023
  • Rent/SF$118.95
  • Lease Type Abs NNN
  • Lot/AC0.71
  • Pop 5MI15,223
2,282,828
2,260,000
  • Cap Rate
    4.95%
     
    5.00%
  • NOI $113,000
  • R. Term/Yrs 12.7
  • Guarantor Corp Traded
  • # Units 716
  • New construction

  • Major thoroughfare

  • Strategically located

  • Freeway visibility

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • New 2023 construction
  • Brand-new 15 year lease with 3 (5-year) options to extend
  • Lease features 10% rent increases every 5 years and at the start of option periods
  • Absolute NNN with zero landlord responsibilities
  • Corporate guarantee by Dutch Bros, Inc. (Boersma Bros. LLC)
  • Tenant Dutch Bros.
  • Guarantor Corp Traded
  • #Units 716
  • Stock NYSE: BROS

Dutch Bros. Coffee (NYSE: BROS) is a drive-through, specialty coffee chain with company-owned and franchised locations expanding throughout the western United States. The vast majority of its stores are drive-thru stands, selling hot and cold handcrafted drinks, including non-coffee options, and a selection of baked goods. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon. Today, they operate 716 locations across 14 states, with plans to open at least 150 shops in 2023, of which at least 130 shops will be company-operated. The chain became publicly traded in 2021, has a current market cap of $1.69B, and a 2022 reported revenue of $739M, which represents a nearly 50% increase from the prior year. Dutch Bros. Coffee's headquarters are in Grants Pass, OR.  

...
9449 South Western Avenue, Chicago, IL , 60643
  • Size SF 7,200
  • Built/Renov1981/2006
  • Price/SF$1,157
  • Lease Start06-01-2006
  • Rent/SF$69.44
  • Lease Type Abs NNN
  • Lot/AC0.60
  • Pop 5MI605,877

8,333,333

  • Cap Rate 6.00%
  • NOI $500,000
  • R. Term/Yrs 8.5
  • Guarantor Corp T + R
  • # Units 4,600
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Major thoroughfare

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Recently extended lease

  • Absolute NNN

  • Traded and rated company

  • ...
  • Citibank has a 17+ year operating history at this location
  • Tenant has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN lease with zero landlord responsibilities
  • Corporate guarantee by Citigroup (NYSE: C)
  • Citibank is an investment grade tenant (S&P: A+)
  • Tenant Citibank
  • Guarantor Corp T and Rated
  • #Units 4,600
  • Moody's/S&P A3/ BBB+
  • Stock NYSE: C

Citibank, N.A. is the primary banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York. Despite a merger with First National Bank in 1955, the bank had always been nicknamed "Citibank" so in 1976, First National City Bank was renamed Citibank, N.A.. Citicorp, the holding company for Citibank, is a subsidiary of Citigroup. Citigroup's global retail branch network, branded Citibank, has more than 4,600 global branches and holds more than $300B in deposits. Citibank is the 4th largest retail bank in the United States based on deposits.

 

Citigroup, Inc. (NYSE: C), or Citi, is an American multinational investment bank and financial services corporation and the third-largest banking institution in the United States. In 1998, Citigroup was founded after a merger between Citibank and Travelers Group. Citi has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions, providing corporations, governments, investors, institutions, and individuals with a broad range of financial products and services. They have an investment grade S&P rating of A+ and a long-term Moody’s rating of Aa3. They have a current market cap of $116.48B and a 2023 revenue of $79.49B. Company headquarters are in New York City, NY.

...
5712 West Waters Avenue, Tampa, FL , 33634
  • Size SF 5,515
  • Built/Renov2020
  • Price/SF$828
  • Lease Start11-16-2020
  • Rent/SF$66.20
  • Lease Type Abs NNN
  • Lot/AC0.37
  • Pop 5MI259,582

4,563,738

  • Cap Rate 8.00%
  • NOI $365,099
  • R. Term/Yrs 5.4
  • Guarantor Corporate
  • # Units 24
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Freeway close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Income tax free state

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • Sanctuary Cannabis has 7+ years remaining on the current lease term with 2 (10-year) options to extend
  • Lease features 2.33% annual rental increases throughout the initial term and at the beginning of each option period
  • Absolute NNN lease with zero landlord responsibilities
  • Corporate guarantee by Sanctuary Medicinals, LLC
  • Florida is one of the fastest growing cannabis markets in the U.S. with reported sales of $1.1B in 2021, and projected cannabis sales of $2.0B annually by 2025

 
  • Tenant Sanctuary Cannabis
  • Guarantor Corporate
  • #Units 24
  • Stock Private

Sanctuary Medicinals, LLC (dba Sanctuary Cannabis) is a vertically integrated cannabis company with operations in Florida, New Hampshire, and Massachusetts. Founded in 2015, the company is licensed to sell 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, extracts, salves, patches, and various edible options. After beginning operations exclusively in Massachusetts, Sanctuary Cannabis has been able to expand outside of the state and has since seen consistent growth by entering some of the top cannabis markets in the country. As of 2020 Sanctuary Medicinals Inc. has medical, recreational, and collocated licensed facilities throughout Massachusetts with a sister company Sanctuary ATC in New Hampshire. Over the past few years, Sanctuary has opened over 10 facilities across the state of Florida, one of the fastest growing cannabis markets in the entire nation. As of the beginning of 2023, they operate over 20 retail locations across 3 states. The company is headquartered in Littleton, Massachusetts.

...
660 King Street, Keysville, VA , 23947
  • Size SF 2,321
  • Built/Renov1996/2016
  • Price/SF
    $908
    $961
  • Lease Start10-28-2016
  • Rent/SF$60.04
  • Lease Type Abs NNN
  • Lot/AC0.91
  • Pop 5MI2,951
2,106,515
2,229,760
  • Cap Rate
    6.62%
     
    6.25%
  • NOI $139,360
  • R. Term/Yrs 11.3
  • Guarantor Franchisee
  • # Units 1,094
  • In location for years

  • Major thoroughfare

  • Dense retail corridor

  • Highway close

  • Store sales reported

  • Absolute NNN

  • Long 10+ yr lease

  • Annual rent increases

  • Top franchise operator

  • ...
  • Burger King has over 13 years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features a 1.5% annaul rent increase throughout the initial term and each option period
  • Absolute NNN lease with zero landlord responsibilities
  • Carrols Restaurant Group (NASDAQ: TAST) is one of the largest restaurant franchisees in the U.S. and the largest Burger King franchisee in the world
  • Carrols currently operates 1,029 Burger King restaurants in 23 states as well as 65 Popeyes restaurants in 7 states
  • Tenant Burger King
  • Guarantor Franchisee
  • #Units 1,094
  • Moody's/S&P B1/ BB
  • Stock NYSE: QSR

Burger King is an American-based multinational chain of hamburger fast food restaurants, and the second largest fast food hamburger chain in the world. The Burger King menu features their signature Whopper and Whopper Jr. hamburgers, in addition to many signature burgers, chicken sandwiches, breakfast sandwiches and platters, sides, and beverages. Founded in 1954, in Jacksonville, Florida, as the Insta-Burger King, today Burger King has 18,911 completely franchised locations worldwide and global sales of over $20.38B. The Burger King chain is a subsidiary of Toronto-based Restaurant Brands International and 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 $6.5 B a 13.4% increase to the prior year. The company has a market cap of $28.92B and a BB S&P long-term credit rating.  RBI is headquartered in Toronto, Ontario.

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9177 Knox Bridge Highway, Canton, GA , 30114
  • Size SF 5,374
  • Built/Renov2006
  • Price/SF
    $133
    $151
  • Lease Start06-01-2020
  • Rent/SF$10.94
  • Lease Type NN+
  • Lot/AC0.10
  • Pop 5MI79,861
715,000
811,000
  • Cap Rate
    8.22%
     
    7.25%
  • NOI $58,800
  • R. Term/Yrs 4.10
  • Guarantor Corporate
  • # Units 1
  • Build to suit

  • Major thoroughfare

  • Highway location

  • Top 100 MSA

  • Affluent suburb location

  • Favorable NN+ lease

  • Personal guarantee

  • ...
  • Over 7 years left remaining on current lease
  • Lease is NN+ with minimal landlord responsibilities (Roof and structure responsibilites are shared between tenant and landlord)
  • Lease contains below market rent
  • G&S Automotive is a well respected automotive tenant
  • Tenant G&S Automotive
  • Guarantor Corporate
  • #Units 1
  • Stock Private

G&S Automotive Canton, Inc. is a full service automotive repair shop specializing in exhaust and performance serving the Cherokee County area for over 14 years. The company has over 60 years of experience between them diagnosing and repairing vehicles. From the exhaust manifold to the tailpipe tips, G&S techs are capable of servicing most vehicles of all sizes and makes/models. The single-location company is headquartered in Canton, GA.

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135 Great Oaks Trail, Wadsworth, OH , 44281
  • Size SF 5,206
  • Built/Renov2011
  • Price/SF$744
  • Lease Start07-01-2023
  • Rent/SF$37.18
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI44,053

3,871,000

  • Cap Rate 5.00%
  • NOI $193,550
  • R. Term/Yrs 12.11
  • Guarantor Franchisee
  • # Units 54
  • Signalized intersection

  • Hard corner intersection

  • Major thoroughfare

  • Dense retail corridor

  • Freeway visibility

  • Top 100 MSA

  • Affluent suburb location

  • Brand new lease

  • Absolute NNN

  • 50+ unit franchisee backed

  • ...
  • Panera Bread will execute a brand new 15-year lease at the close of escrow
  • The lease features 7.5% rental increases every five years throughout the initial term and at the beginning of each option
  • The lease also includes 4 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Dalcan, LLC (54 Panera Bread Stores) is the guarantor of the lease
  • Tenant Panera Bread
  • Guarantor Franchisee
  • #Units 54
  • Stock Private

Panera Bread Company is an American bakery-café fast casual restaurant chain, offering bakery items, pasta, salads, sandwiches, soups and specialty drinks. Founded in 1987 as Paradise Bakery & Cafe, a community bakery, they rebranded as Panera Bread in September 2015. Today, there are over 2,100 bakery-cafes, operating under the Panera Bread or Saint Louis Bread Company, in 48 states and Ontario, Canada. Panera was acquired by JAB Holding Co. in 2017 for $7.5 billion and became a private company. They are now headquartered in Sunset Hills, MO. 

 

JAB Holding Company is a German conglomerate that includes investments in companies operating in the areas of consumer goods, forestry, coffee, luxury, fashion, animal health, and fast food, among others. JAB Holding Company owns Bagel Brands, Caribou Coffee, Einstein Noah Restaurant Group, Espresso House, Krispy Kreme, Peet’s Coffee and Pret a Manger, as well as Keurig and Dr. Pepper. Established in 2012 as a partner-led investment firm, with $9B of invested capital, today the company manages over $50B in capital. JAB Holding Company is headquartered in Luxembourg. 

...
8233 Golden Link Boulevard, Northfield, OH , 44067
  • Size SF 5,555
  • Built/Renov2006
  • Price/SF$543
  • Lease Start07-01-2023
  • Rent/SF$27.15
  • Lease Type Abs NNN
  • Lot/AC1.61
  • Pop 5MI66,609

3,016,000

  • Cap Rate 5.00%
  • NOI $150,817
  • R. Term/Yrs 12.11
  • Guarantor Franchisee
  • # Units 54
  • New construction

  • Major thoroughfare

  • Shopping Ctr out-parcel

  • Highway close

  • Affluent AHHI $100K 5 Mi

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • 50+ unit franchisee backed

  • ...
  • Panera Bread will execute a brand new 15-year lease at the close of escrow
  • The lease features 7.5% rental increases every five years throughout the initial term and at the beginning of each option
  • The lease also includes 4 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Dalcan, LLC (54 Panera Bread Stores) is the guarantor of the lease
  • Tenant Panera Bread
  • Guarantor Franchisee
  • #Units 54
  • Stock Private

Panera Bread Company is an American bakery-café fast casual restaurant chain, offering bakery items, pasta, salads, sandwiches, soups and specialty drinks. Founded in 1987 as Paradise Bakery & Cafe, a community bakery, they rebranded as Panera Bread in September 2015. Today, there are over 2,100 bakery-cafes, operating under the Panera Bread or Saint Louis Bread Company, in 48 states and Ontario, Canada. Panera was acquired by JAB Holding Co. in 2017 for $7.5 billion and became a private company. They are now headquartered in Sunset Hills, MO. 

 

JAB Holding Company is a German conglomerate that includes investments in companies operating in the areas of consumer goods, forestry, coffee, luxury, fashion, animal health, and fast food, among others. JAB Holding Company owns Bagel Brands, Caribou Coffee, Einstein Noah Restaurant Group, Espresso House, Krispy Kreme, Peet’s Coffee and Pret a Manger, as well as Keurig and Dr. Pepper. Established in 2012 as a partner-led investment firm, with $9B of invested capital, today the company manages over $50B in capital. JAB Holding Company is headquartered in Luxembourg. 

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1645 Columbia Turnpike, Castleton-on-Hudson, NY , 12033
  • Size SF 14,564
  • Built/Renov2000
  • Price/SF$314
  • Lease Start04-01-2017
  • Rent/SF$28.30
  • Lease Type Double NN
  • Lot/AC1.95
  • Pop 5MI28,497

4,579,567

  • Cap Rate 9.00%
  • NOI $412,161
  • R. Term/Yrs 1.8
  • Guarantor Corp T + R
  • # Units 13,532
  • In location for years

  • Major thoroughfare

  • Strategically located

  • Freeway close

  • University college close

  • Top 100 MSA

  • Affluent suburb location

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Walgreens has over 3 years remaining in the current term with 5 (5-year) options to extend
  • Lease features 5% rent increases in option 1 and 10% increase in remaining options
  • Corporate guarantee by Walgreens Boots Alliance (NASDAQ: WBA)
  • Walgreens is an investment grade tenant (S&P: BBB)
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 13,532
  • Moody's/S&P Baa2/ BBB-
  • 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.

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62240 Bailey Road, Barnesville, OH , 43713
  • Size SF 5,240
  • Built/Renov1977
  • Price/SF
    $115
    $115
  • Lease Start11-01-2016
  • Rent/SF$10.88
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI8,061
600,000
600,000
  • Cap Rate
    9.50%
     
    9.50%
  • NOI $57,000
  • R. Term/Yrs 0.2
  • Guarantor Corp T + R
  • # Units 5,963
  • Build to suit

  • In location for years

  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Absolute NNN

  • Traded and rated company

  • Over 2000 units backed

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • NAPA Auto Parts has been operating in this location since 2016
  • Tenant has over 1.5 years remaining on the current lease term with 1 (3-year) option to extend
  • Absolute NNN lease features zero landlord responsibilities
  • Corporate guarantee by Genuine Parts Company (NYSE: GPC)
  • Tenant NAPA Auto Parts
  • Guarantor Corp T and Rated
  • #Units 5,963
  • Moody's/S&P Baa1/ BBB
  • Stock NYSE: GPC

The National Automotive Parts Association (dba NAPA Auto Parts) is an American retailers' cooperative distributing automotive replacement parts, accessories and service items throughout North America. NAPA carries over 725,000 items, including automotive replacement parts, paint and refinishing supplies, automotive accessories, farm and marine supplies, tools and equipment, and heavy duty parts. Founded in 1925, NAPA is a subsidiary of Genuine Parts Company and considered a global automotive aftermarket leader. At the end of 2022, they had over 5,900 stores in the U.S. (approx. 24% are company owned) with an additional 3,600+ international stores.

 

Genuine Parts Company (NYSE: GPC) is a global service organization engaged in the distribution of automotive and industrial replacement parts. GPC consists of multiple subsidiaries that distribute automotive replacement parts, industrial replacement parts and electrical materials. Their subsidiaries include NAPA Auto Parts, Balkamp, Repco, EIS, Inc and Motion Industries. Founded in 1928, they have an extensive network of more than 10,000 locations, approx 58,000 employees. GPC has an investment grade S&P credit rating of BBB and a long term Moody’s rating of Baa1. Their 2022 revenue was $22.1B, a 17.1% increase from 2021. Their 2022 market was $24.29B, a 22.66% increase from the previous year. GPC is headquartered in Atlanta, GA. 

...
831 Highview Drive, Webberville, MI , 48892
  • Size SF 3,192
  • Built/Renov2021
  • Price/SF$618
  • Lease Start10-01-2021
  • Rent/SF$54.04
  • Lease Type Abs NNN
  • Lot/AC1.01
  • Pop 5MI11,526

1,971,351

  • Cap Rate 8.75%
  • NOI $172,509
  • R. Term/Yrs 6.2
  • Guarantor Corporate
  • # Units 20
  • New construction

  • Strategically located

  • Freeway close

  • Highway location

  • Strong tenant synergy

  • Affluent AHHI $100K 5 Mi

  • Major MSA

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • High Profile has over 8 years remaining on its current lease term with 2 (5-year) options to extend
  • Lease features 2.25% annual rental increases throughout the initial term and at the start of each option
  • Absolute NNN features zero landlord responsibilities
  • Corporate guarantee by C3 Industries (20 units)
  • Tenant High Profile
  • Guarantor Corporate
  • #Units 20
  • Stock Private

High Profile is a medical and recreational cannabis retail dispensary that curates and sells premium cannabis flower and products. They are a wholly owned subsidiary and retail branch of C3 Industries. High Profile dispensaries carry a variety of brands and products that cater to those looking for a superior quality cannabis experience. C3 Industries’ entry into the retail dispensary category started in 2019 when they launched the first High Profile location in Detroit, Michigan. Since then, High Profile has grown to 20 retail locations across three states (Michigan, Missouri, Massachusetts) with another 3 being operational by early 2023 (Connecticut, Illinois, New Jersey). Products offered to consumers include but are not limited to the following: flowers, tinctures, oils, extracts, salves, patches, and various edible options.

C3 Industries is a private, vertically integrated, multi-state cannabis company with operations in four states. Unlike most other multi-state operators, C3 has been largely built organically and began its operations in competitive, open markets like Michigan and Oregon. C3 Industries has a long track record of cultivating, manufacturing, and retailing high-quality cannabis products, with customer service and value at the center of their business plan. Founded in 2018, C3’s mission is to create a premium cannabis brand (Cloud Cover) and retail experience (High Profile & Budega) catering to those looking for a superior quality cannabis experience. The company is headquartered in Ann Arbor, MI.

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