|
| Name: | Wells Fargo-Wachovia [GL] |
| Property Type: | Single Tenant Net Lease |
| State: | MD |
| Purchase Price: | $4,318,181 |
| GLA: | TBD |
| Price Per Sf: | TBD |
| Year Built: | 2009 |
| Cap Rate: | 6.60% |
| Lot SIze: | 1 Acre |
| Notes: | New 25 Year NNN Ground Lease.12% Rent Increase in Yr 11, Then Every 5 Years.Tremendous Residual Value.Traffic Counts Exceed 70,000 on Route 1/Baltimore Avenue.Metro Washington DCNear Univ of MD College Park. |
|
|
| Name: | The Goddard School - McKinney |
| Property Type: | Single Tenant Net Lease |
| State: | TX |
| Purchase Price: | $2,589,000 |
| GLA: | 8.068 |
| Price Per Sf: | $320.90 |
| Year Built: | 2008 |
| Cap Rate: | 8.50% |
| Lot SIze: | 4.438 Acres |
| Notes: | New 15 Year NN Lease with 10% Rent Bump Every 5 Years. Corner Location on Commuter Route into Dallas. High Growth Area near town municipal center. Surrouned by new residential developments. |
|
|
| Name: | The Home Depot Ground Lease |
| Property Type: | Single Tenant Net Lease |
| State: | NJ |
| Purchase Price: | $15,400,000 |
| GLA: | Ground Lease |
| Price Per Sf: | n/a |
| Year Built: | 2007 |
| Cap Rate: | 7.18% |
| Lot SIze: | 9.89 Acres |
| Notes: | New 30 Year NNN Ground Lease. 10% Rent Increase in Each Option Term. Credit Rated Tenant: BBB+ by S&P's. Anchor, along with Kohl's, to Sunrise Plaza. Fast Growing Ocean County. |
|
|
| Name: | Clifftown Center - Prime Princeton Location |
| Property Type: | Shopping Center |
| State: | NJ |
| Purchase Price: | $4,700,000 |
| GLA: | 21,905 |
| Price Per Sf: | $214.56 |
| Year Built: | 1958 |
| Cap Rate: | 8.20% |
| Lot SIze: | 1.45 Acres |
| Notes: | 100% Occupied Neighborhood Center. Highly Travelled Commuter Corridor.Long Term Local Tenants with Established Businesses. Annual Rent Increases.Rare Opportunity to Purchase in Princeton Township. |
|
|
| Name: | The Goddard School - Austin |
| Property Type: | Single Tenant Net Lease |
| State: | TX |
| Purchase Price: | $2,611,765 |
| GLA: | 8,000 |
| Price Per Sf: | $326.47 |
| Year Built: | 2009 |
| Cap Rate: | 8.50% |
| Lot SIze: | 1.438 Acres |
| Notes: | New 15 Year NN Lease with 10% Rent Bump Every 5 Years. Scheduled to Open in September 2009. Situated at Corner on Commuter Route into Downtown Austin. Outstanding High Growth Location. |
|
|
| Name: | Walgreens - Boswell Ave |
| Property Type: | Single Tenant Net Lease |
| State: | VA |
| Purchase Price: | $8,155,000 |
| GLA: | 14,469 SF |
| Price Per Sf: | $563.62 |
| Year Built: | 2008 |
| Cap Rate: | 7.30% |
| Lot SIze: | 2 +/- Acres |
| Notes: | New 25 Year Absolute Net Lease. Wash DC Metro |
|
|
| Name: | Courtyard by Marriott & PNC Bank |
| Property Type: | Other |
| State: | PA |
| Purchase Price: | $7,400,000 |
| GLA: | 94,010 |
| Price Per Sf: | $78.72 |
| Year Built: | 1986 |
| Cap Rate: | 6.37% |
| Lot SIze: | 6.6 Acres |
| Notes: | Attractive assumable debt in place; Incredible residual value. Percentage rent and CPI rent increases. Below-market rents. Main Line location. |
|
|
| Name: | Tractor Supply Company - Nazareth |
| Property Type: | Single Tenant Net Lease |
| State: | PA |
| Purchase Price: | $3,725,500 |
| GLA: | 19,097 |
| Price Per Sf: | $198.98 |
| Year Built: | 2009 |
| Cap Rate: | N/A |
| Lot SIze: | 3.698 Acres |
| Notes: | New 15 yr NN lease. 10% rent increase every 5 yrs. Credit worthy, debt free tenant. Growing Lehigh Valley region. Solid Demos - $80,000 HHI, 26,000 people in 3 mi radius. |
|
|
| Name: | CVS - Woolwich |
| Property Type: | Single Tenant Net Lease |
| State: | NJ |
| Purchase Price: | $5,256,320 |
| GLA: | 12,900 SF |
| Price Per Sf: | $407.47 |
| Year Built: | 2008 |
| Cap Rate: | 7.5% |
| Lot SIze: | 1.99 acres |
| Notes: | New 20 yr NN lease. Rent increases in options. Architecturally appealing building. Credit tenant rated BBB+ by S&P. Located just off NJ Turnpike and I-295. Affluent, growth area: $91,000+ HHI |
|
|
| Name: | Rite Aid - Alpharetta |
| Property Type: | Single Tenant Net Lease |
| State: | GA |
| Purchase Price: | $3,502,433 |
| GLA: | 13,813 SF |
| Price Per Sf: | $253.56 PSF |
| Year Built: | 2004 |
| Cap Rate: | 9.0% |
| Lot SIze: | 1.73 acres |
| Notes: | 20 yr NNN lease with 16 yrs remaining. Low rent per sf and low cost per sf. Rent increases in options. Outstanding demographics with avg HHI over $115,000. Fast growing Alpharetta, Metro Atlanta location. |
|
|
| Name: | Bayshore Plaza |
| Property Type: | Shopping Center |
| State: | DE |
| Purchase Price: | $9,400,000 |
| GLA: | 39,745 SF |
| Price Per Sf: | $236.51 PSF |
| Year Built: | 2009 |
| Cap Rate: | 7.95% |
| Lot SIze: | 5 Acres |
| Notes: | UNDER CONTRACT |
|
|
| Name: | McDonald's [Ground Lease] |
| Property Type: | Single Tenant Net Lease |
| State: | DE |
| Purchase Price: | $1,166,666 |
| GLA: | 13,901 SF |
| Price Per Sf: | n/a |
| Year Built: | 2007 |
| Cap Rate: | 6.00% |
| Lot SIze: | 1.23 Acres |
| Notes: | 18 years remain on 20 year NNN Ground Lease. 10% bumps every 5 years. Investment grade tenant. Pad site to Bayshore Plaza, which is shadow anchored by Super Giant and a new Apartment complex. Booming coastal residential area. Extremely busy location!!! |
|
|
| Name: | Walgreens - Bayville |
| Property Type: | Single Tenant Net Lease |
| State: | NJ |
| Purchase Price: | $6,555,000 |
| GLA: | 13,287 SF |
| Price Per Sf: | $493.34 |
| Year Built: | 2008 |
| Cap Rate: | 7.40% |
| Lot SIze: | 2 +/- Acres |
| Notes: | Jersey Shore Location; Route 9 Corridor |
|
|
| Name: | Holland Center |
| Property Type: | Shopping Center |
| State: | NJ |
| Purchase Price: | $1,750,000 |
| GLA: | 10,777 |
| Price Per Sf: | $162.38 |
| Year Built: | 1999 |
| Cap Rate: | 8.09% |
| Lot SIze: | 5 Acres |
| Notes: | 85% Occupied Center with Upside in Lease Up of Vacancy.NNN Leases with Annual CPI Increases in Area Maintenance and Rent.Riverfront Town Center Location. |
|
|
| Name: | Mabry Village |
| Property Type: | Shopping Center |
| State: | GA |
| Purchase Price: | $6,440,000 |
| GLA: | 15,130 SF |
| Price Per Sf: | $425.64 |
| Year Built: | 2008 |
| Cap Rate: | 7.26% |
| Lot SIze: | 1.91 Acres |
| Notes: | UNDER CONTRACT |
|
|
| Name: | Cherry Plaza Shopping Center |
| Property Type: | Shopping Center |
| State: | NJ |
| Purchase Price: | $1,600,000 |
| GLA: | 19,425 SF |
| Price Per Sf: | $82.37 PSF |
| Year Built: | 1990 |
| Cap Rate: | 10.44% |
| Lot SIze: | 2.10 acres |
| Notes: | UNDER CONTRACT |
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