Dollar General Jonestown, PA For Sale

NNN Leased Investment 

NNN Leased Dollar General in PA For Sale

                                               
                                               507 Jonestown Road | Jonestown, PA [map] 

                                                     Dollar General | Jonestown, PA

                              Asking Price $1,320,500 | CAP Rate 7.25%

                

Lease Summary

NOI     $95,739

Rent/Month     $7,978

Rent/SF           $10.60

Rentable SF    9,026

Land Area       1.46 acres

Tenant Dollar General

Website                                dollargeneral.com

Moody's Credit Rating          Ba1, Positive

S&P Credit Rating                BBB-, Positive

Ownership Type                   Fee Simple

Lease Type                          NNN ( BTS)

Year Built                             2012

Lease Term                          15 years Primary

Lease Commencement          Summer 2012 (under construction

Lease Expiration                   Summer 2027

Increases                              3% in Year 11 and 10%

w/ each option extension

Options                                Three (3), five (5) year

Highlights

Investment Grade Tenant

April 2012, S&P raised Dollar General's credit ratings to BBB-

April 2012, Moody's raised Dollar General's credit ratings to Ba1 with a positive outlook

Strategic location in Lebanon County, PA with supporting demographics and target market characteristics

Adjacent to major manufacturing plant for Supreme Mid-Atlantic Corporation, America's leading manufacturer of full-line customizable truck bodies

                                                        

Location Overview

About Dollar General

Goodlettsville, Tenn.-based Dollar General Corporation is the nation's largest small-box discount retailer. We make shopping for everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations. Dollar General ranks among the largest retailers of top-quality brands made by America's most-trusted manufacturers, such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg's, General Mills and Nabisco.

Contact a Broker

ANDREW FALLON

Assistant Vice President

(703) 787-4714

afallon@calkain.com

You may visit our website

www.calkain.com

to view the entire inventory of  available properties.

CALKAIN REALTY ADVISORS  a division of Calkain Companies

WASHINGTON DC | FLORIDA | MARYLAND | BOSTON

The information herein is provided to us by sources deemed reliable, but no warranty or representation is made to its accuracy. Offering is subject to corrections and errors, omissions, prior sale, change of price and/or terms or withdrawal from the market without notice. This information is for guidance.

NNN Investment Property In Washington DC For Sale

NNN Leased Investment

NNN Investment Property  | Washington, DC

                                                                      NOI $360,000

                                  1901 14th STREET NW | WASHINGTON, DC 20009 [map]

LEASE SUMMARY

Rentable SF                      9,000+/- sf

Land Area                        4,240+/- sf

Tenant  Matchbox

Website                            matchboxchinatown.com

Ownership Type                Fee Simple

Lease Type                       NNN

Landlord Responsibilities   None

Opening                            Fall 2012

Lease Commencement      2012

Lease Expiration               2022

Increases                          3% Annually

Options                            Two (2), Five (5) year

HIGHLIGHTS

$3,000,000 in tenant made restorations and improvements to building

Dense urban in-fill location along 14th Street/U Street Corridor

On the corner of 14th and T Streets, surrounded by new mixed-use developments

NNN lease with 3% annual escalations

Popular DC restaurant concept

Established operator with 6+ restaurant locations

Location has high barriers to entry and long term intrinsic value

DC population grew by over 40% in the last decade

LOCATION OVERVIEW

You may visit our website

www.calkain.com

to view the entire inventory of

available properties.

For More information Contact:

RICK FERNANDEZ

Managing Director

(703) 787-4714

rfernandez@calkain.com

ANDREW FALLON

Assistant Vice President

(703) 787-4714

afallon@calkain.com

Net Leased Starbucks For Sale

NNN Leased Investment 

(NN)  Net Leased Starbucks Florida

                                    

                                    Price $2,000,000 | CAP Rate 6.93%

Starbucks Plant City,FL

2701 Thonotosassa Road | Plant City, FL 33563 [map]

LEASE SUMMARY

Net Operating Income                 $138,601

Credit Rating                               S&P: BBB+

Property Type Freestanding with drive-thru

Lease Type                                 NN 

Landlord Responsibilities              Roof & Structure

Lease Expiration                           Feb 28, 2018

Increases                                      10% each option

Options                                        Three (3), Five (5) year

HIGHLIGHTS

Interstate Location – OPEN 24 HOURS!! (Starbucks pays for interstate billboard advertising for this location)

Adjacent to Publix anchored shopping center, with cross access

120 ft. tall pylon sign – tallest Starbucks sign in the U.S.

Plant City is a suburb along the eastern edge of Tampa, directly on Interstate 4

LOCATION OVERVIEW

Michael Zimmerman

Vice President

(954) 790-6611

mzimmerman@calkain.com

For More information Contact:

Patrick Nutt

Managing Director

(954) 302-7365

patrick.nutt@calkain.com

NNN Rite Aid For Sale

NNN Leased Investment 

                        NNN Leased Investment Rite Aid For Sale

                                     






                                               NNN Rite Aid  West Norriton, PA

                  Asking Price $5,767,304 | CAP Rate 5.75%

                                               1400 West Main Street | West Norriton, PA 

LEASE SUMMARY

NOI                $331,620

Rent/Month     $27,635

Land Area       1.42 acres

Tenant Realty Income Pennsylvania Properties Trust 
Credit Rating  S&P:BBB

Sub-Tenant      Rite Aid, a subsidiary of Rite Aid Corporation

Websites      realtyincome.com, riteaid.com

Ownership Type          Unsubordinated

Ground Lease

Lease Type      NNN

Landlord Responsibilities       None

Store Open      2008

Lease Term      20 years

Lease Commencement            2008

Lease Expiration         2028

Increases           8% in Year 11 and 10%  w/ each option extension

Options            Eight (8), five (5) year

HIGHLIGHTS

This is a very rare opportunity to obtain a Rite Aid ground leased property. The tenant is Realty Income Pennsylvania Properties Trust (wholly owned by Realty Income Corporation (NYSE:O, S&P BBB)) and the subtenant is Rite Aid. This structure enables an investor to

purchase a highly desirable location, with a very substantial credit enhancement.

Fully Signalized Hard Corner Intersection Location

Traffic Count over 25,000

8% Rent Increase in 2018

Store Opened in 2008

14,500sf Store

16+ years left on the lease

Eight (8), Five (5) year options to renew with 10% bumps each

For More information Contact:

Stan Wyrwicz

Senior Managing Director

(617) 394-8567

swyrwicz@calkain.com

You may visit our website

www.calkain.com

NNN leased Investment Sale of McDonald's in MD

NNN Leased Investment

4.75% Cap Rate Triple NNN Net Lease Investment Sold  in Maple Lawn, MD

 Maple Lawn, MD 

The purchaser was a private investor seeking a passive, incoming-producing asset leased to a strong national credit tenant. The property is located within the Harris Teeter anchored retail square of the award winning Maple Lawn development, a beautiful mixed-use community in Fulton, Maryland.

Calkain’s Rick Fernandez brokered the transaction for the seller. “Favorable lease terms from an investment grade tenant at the vanguard of its retail sector and NNN investments anchored to a growing retail market provided an irresistible combination of factors that drew investors from all over the globe,” Fernandez said. “The seller was able to evaluate multiple offers and chose the strongest buyer able to close at this record setting cap rate,” Fernandez continued. The buyer closed the all-cash transaction earlier this year.

Calkain is a full service real estate brokerage firm with a national scope focusing on single and multi- tenant retail, industrial, hotel and office net-leased transactions. Calkain has offices in Reston, VA (Washington, DC), Tampa, FL, Ft. Lauderdale, FL, Wilmington, DE and Boston, MA. Additional information about the firm and its listings may be found at www.calkain.com.

Benefits of NNN Leased Investments

Benefits of Urban NNN Leased Investment Properties

There are many emerging factors which make investment in urban areas more appealing. The long term rise in oil prices along with increased traffic and congestion has translated into a rising desire for proximity to public transit, which has made urban living more desirable. To illustrate this fact, suburban households typically spend 25% of their budgets on transportation, compared to 9% for urban households. Subsequently, the number of households desiring to be within one-half mile of urban transit is expected to double, reaching 14.8 million by 2025.

Besides concerns about transportation, other factors are also making urban investment more appealing. The younger generation, so called "echo-boomers" or "Generation Y" is 50% more likely to live in urban areas. It has also been recorded that the top 100 MSAs (Metropolitan Statistical Areas) generate 75% of the U.S. GDP and 66% of its jobs, while only making up 12% of its land mass. Furthermore, the top 10 MSAs are home to 33% of the nations "knowledge jobs" and 27% of its research universities. In an economy which is increasingly based on technology and is in-fact referred to as the "knowledge economy", these numbers point to increased viability and prosperity for urban areas.

Lastly, the retrofit-ability (or reusability) of a particular urban property is typically much greater than standard suburban real estate. Urban properties usually require less identity-driven structures and tenants are comfortable in a specific space mainly because its location. Therefore, if a new tenant is ever needed to fill a specific property, the options of that tenant are much larger than a specifically designed building for the previous occupant.

www.calkain.com

NNN Leased Investment 

                                              Asking Price $495,000  CAP Rate 7.58%

                                               1710 S. Loudon Street  Winchester, VA

LEASE SUMMARY

Net Operating Income      $37,500

Rent per Month                $3,125

Rent per Sq. Ft.                $13.20

Rentable Sq. Ft.                2,840 sf

Land Area                        16,949 sf

Tenant Name                   Airgas, Inc.

Website                           www.airgas.com

Credit Rating                    S&P: BBB Stable               

Ownership Type               Fee Simple

Lease Type                      NN

Landlord Responsibilities            Roof & Structure

Lease Term                      5 years

Lease Comm.                   Sep 1, 2010

Lease Exp.                       Aug 31, 2015

Increases                          3% from 2013

Options                            Six (6), five (5) year

HIGHLIGHTS

• Low price point
• Stable tenant since 1977
• Industrial/Retail uses permitted
• S&P BBB Stable | NYSE: ARG
• Great location on well-traveled street
• In dense retail and residential market

Great location on well-traveled street in dense retail and residential market 

LOCATION OVERVIEW

For More information Contact:

 Betty Learned Friant, CCIM

Vice President

(793) 787-4714

bfriant@calkain.com

You may visit our website

www.calkain.com

to view the entire NNN Leased Investment Properties 

  

CALKAIN REALTY ADVISORS

a division of Calkain Companies

W A S H I N G T O N   D C |  F L O R I D A |  M A R Y L A N D  |  D E L A W A R E   |  B O S T O N

The information herein is provided to us by sources deemed reliable, but no warranty or representation is made to its accuracy. Offering is subject to corrections and errors, omissions, prior sale, change of price and/or terms or withdrawal from the market without notice. This information is for guidance only and does not constitute all or any part of a contract.