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Recent Sold Properties

 
Arby’s
8611 Westheimer Road, Houston, Texas

Purchase Price: $2,524,164

• 20 year primary lease
• Four (4) x 5 year option periods
• Triple Net (NNN) Lease
• 6% rent increases every 5 years
Land Area: ± 0.86 Acres, Building Area: ± 3,015 SF


 
Pizza Hut
3131 South Kinnickinnic, Milwaukee, WI

Purchase Price: $691,670

• 15 year primary lease
• Four (4) x 5 year option periods
• Triple Net (NNN) Lease
• 10% rent increases every 5 years
Land Area: ± 0.36 Acres, Building Area: ± 1,829 SF


 
Jack in the Box
3020 East 29th Avenue, Spokane, WA

Purchase Price: $1,910,852

• 20 year primary lease
• Four (4) x 5 year option periods
• Triple Net (NNN) Lease
• 8% CPI rent increases every 5 years
Land Area: ± 0.57 Acres, Building Area: ± 3,468 SF


 
AutoZone
16210 Perris Boulevard, Moreno Valley, CA

Purchase Price: $2,391,000

• 20 year primary lease
• Five (5) x 5 year option periods
• Double Net (NN) Lease
• 10% rent increases every 5 years
Land Area: ± 0.73 Acres, Building Area: ± 7,400 SF


 
Panera Bread
890 Groveland Lane, Lincoln, CA (Near Sacramento)

Purchase Price: $2,910,000

• 10 year primary lease
• Three (3) x 5 year option periods
• Triple Net (NNN) Lease
• 10% rent increases every 5 years
Land Area: ± 0.74 Acres, Building Area: ± 4,850 SF


 
Walgreens
1401 Maryland Avenue East, St. Paul, Minnesota

Purchase Price: $2,875,000

• 8 years remaining on 20 year primary lease
• NN (Double Net Lease)
• Eight (8) - 5 year options
Land Area: ± 1.63 Acres, Building Area: ± 13,500 SF


 
Jiffy Lube
Morgan Hill, California (20 miles southeast of San Jose)

Purchase Price: $2,366,571

• 20 year primary lease
• Four (4) x 5 year option periods
• Triple Net (NNN) Lease
• 10% rent increases every 5 years
Land Area: ± 0.36 Acres, Building Area: ± 3,478 SF


 
Firestone Auto Care
9530 Broadway Street, Pearland, TX (Suburb of Houston)

Purchase Price: $2,647,529

• 15 year primary lease
• Four (4) x 5 year option periods
• NN (Double Net Lease)
• 6.25% rent increases every 5 years
Land Area: ± 0.91 Acres, Building Area: ± 7,653 SF


 
Just Brakes
9136 Grissom Road, San Antonio, Texas

Purchase Price: $1,120,000

• 15 year primary lease
• Three (3) x 5 year option periods
• NNN (Triple Net Lease)
• 10% rent increases every 5 years
Land Area: ± 0.385 Acres, Building Area: ± 3,864 SF


 
Taco Bell (Ground Lease)
6117 North Fry Road, Katy (Houston), Texas

Purchase Price: $950,000

• Twenty (20) year primary ground lease
• Four (4) x 5 year option periods
• NNN (Triple Net Lease)
• 10% rent increases every 5 years
Land Area: ± 0.90 Acres, Building Area: ± 3,000 SF


 
Arby's
NWC Loop 820 & Jacksborro Hwy, Lake Worth, Texas

Purchase Price: $3,259,000

• Twenty (20) year primary lease
• Rent increases by 10% of ground rent every five (5) years
• NNN (Triple Net Lease)
• One ten (10) year option and two five (5) year options.
Land Area: ± 1.336 Acres, Building Area: ± 3,052 SF


 
IHOP
3480 Wedgewood Lane, The Villages (Lady Lake), Florida

Purchase Price: $2,697,917

• Twenty (20) year primary lease
• Six (6) x 5 year option periods
• NNN (Triple Net Lease)
• 1.25% rent increases annually
Land Area: ± 1.37 Acres, Building Area: ± 3,703 SF


 
Chili's (Ground Lease)
Highway 6 and Highway 35 Loop, Alvin (Houston), Texas

Purchase Price: $770,000

• 8 years remaining on 10 year primary ground lease
• Four (4) x 5 year option periods
• Absolute NNN (Triple Net Lease)
• Rent increases every 5 years
Land Area: ± 1.87 Acres, Building Area: ± 5,500 SF


 
Sherwin Williams Paints
12100 Shadow Creek Parkway, Pearland (Houston), Texas

Purchase Price: $1,938,642

• Ten (10) year primary term
• Four (4) x 5 year option periods
• NN (Double Net Lease)
• Rent increases every 5 years
Land Area: ± 1.00 Acres, Building Area: ± 8,000 SF


 
OfficeMax
Parmer Lane and Interstate HWY 35, Austin, Texas

Purchase Price: $4,736,842

• Ten (10) year primary term
• Three (3) x 5 year option periods
• NN (Double Net Lease)
• Rent increases $1.00 psf every 5 years during options
Land Area: ± 2.1 Acres, Building Area: ± 18,000 SF


 
Walgreens
1325 W. Main Street., Cabot, Arkansas (Near Little Rock )

Purchase Price: $5,175,000

• Twenty-Five (25) year primary lease
• Absolute NNN (Triple Net Lease)
• Ten (10) 5 year options at the same rent
Land Area: ± 1.58 Acres, Building Area: ± 13,386 SF


 
National Tire & Battery
504 Earl Rudder Freeway South, College Station, Texas

Purchase price: $3,028,555

• Twenty-Five (25) year Primary lease
• Absolute NNN (Triple Net Lease)
• Three (3) 5-year options
• Fixed rental increase based on CPI not to exceed 12%
Land Area: ± 2.82 Acres, Building Area: ± 8,074 SF


 
Hardee's
2401 Dr John Haynes Drive, Pell City, Alabama

Purchase price: $1,087,000

• Twenty (20) year Primary lease
• Absolute NNN (Triple Net Lease)
• Two (2) 5-year options
• 2% rent increases every lease year
Land Area: ± 1.83 Acres, Building Area: ± 3,490 SF


 
Sherwin Williams Paints
5305 W 57th Street, Sioux Falls, South Dakota

Purchase Price: $1,240,700

• Ten (10) year Primary lease
• NN (Double Net Lease)
• Three (3) 5-year options
• 10% rent increases every 5 years through options.
Land Area: ± .849 Acres, Building Area: ± 5,000 SF


 
Firestone Auto Care
951 Sterling Parkway, Lincoln, California

Purchase Price: $3,768,352

• Fifteen (15) year primary lease
• Four (4) x5 year option periods
• NN (Double Net Lease)
• 10% rent increases every 5 years through options
Land Area: ± 1.25 Acres, Building Area: ± 7,575 SF


 
Walgreens
Norfolk St & Arapahoe Rd, Denver (Foxfield), Colorado

Purchase Price: $6,600,000

• Twenty-Five (25) year primary lease
• Absolute NNN (Triple Net Lease)
• Ten (10) 5-year options (Same Rent)
Land Area: ± 2.07, Building Area: ± 14,490 SF


 
Starbucks (Free-Standing)
3287 Alpine Avenue, Walker, Michigan (Grand Rapids suburb)

Purchase Price: $1,865,000

• Ten (10) year Primary lease
• NN (Double Net Lease)
• Four (4) 5-year options
• 10% rent increases every 5 years in options
Land Area: ± 0..586 acre, Building Area: ± 2,138 SF


 
National Tire & Battery
986 HWY 80, Forney, Texas (Dallas suburb)

Purchase Price: $3,066,332

• Twenty-Five (25) year primary lease
• Fixed rental increase based on CPI not to exceed 12%
• NNN (Triple Net Lease)
• Three (3) x5 year options
Land Area: ± 0.80 acre, Building Area: ± 7,892 SF


 
Walgreens
2105 East Ruben Torres, Brownsville, Texas

Purchase Price: $4,130,000

• 25 year primary lease
• ABSOLUTE NET LEASE (No landlord responsibilities)
• Ten (10) 5-year options at the same rent
Land Area: ± 1.73 acre, Building Area: ± 14,820 SF


 
Hardee's
499 West Troy Street, Brundidge, Alabama

Purchase Price: $1,225,806


• Eighteen (18) Year Primary Lease Term
• ABSOLUTE NET LEASE (No landlord responsibilities)
• Fixed rent increases of 2% paid annually
• Four (4) x 5-year options
Land Area: ± 1.76 acre, Building Area: ± 3,490 SF


 
AutoZone
3 Crystal Lake Road, Lake in the Hills, Illinois

Purchase Price: $2,500,000


• Twenty (20) year primary lease
• Fixed 10% rental increases every five years in option
• ABSOLUTE NET LEASE (No Landlord Responsabilities)
• Four (4) 5-year options
Land Area: ± 1.14, Building Area: ± 7,381 SF


 
McDonald’s (Ground Lease)
989 E. Liberty, York, South Carolina

Purchase Price: $700,000

• Twenty (20) Years
• Absolute Net Ground Lease (No Landlord Responsabilities)
• Four (4) x 5-year options
• 10% fixed rate rental increases every 5 years
Land Area: ± 1.74, Building Area: ± 4,116 SF


 
Chase Bank (Ground Lease)
18221 Midway Rd., Dallas, Texas

Purchase Price: $2,200,000

• Twenty (20) Years
• Absolute Net Ground Lease (No Landlord Responsabilities)
• Four (4) x 5-year options
• 10% fixed rate rental increases every 5 years
Land Area: ± 0.72, Building Area: ± 5,196 SF


 
Walgreens
308 E. Perkins Street, Ukiah, California

Purchase Price: $6,750,000

• Twenty-five (25) Year Primary Lease
• Absolute Net Ground Lease (No Landlord Responsabilities)
• Ten (10) x 5-year renewal options at the same rent.
Land Area: ± 1.65, Building Area: ± 14,820 SF


 
Walgreens
5476 Mountain Iron Drive, Mt. Iron, Minnesota

Purchase Price: $4,364,079

• Twenty-five (25) Year Primary Lease
• Absolute Net Ground Lease (No Landlord Responsabilities)
• Five (5) year terminations after 25 years in Year 2030
Land Area: ± 1.12, Building Area: ± 13,650 SF


 
Starbucks
14041 Coursey Blvd., Baton Rouge, Louisiana

Purchase Price: $1,423,000

• Ten (10) Year Primary Lease Term
• NN (Double Net Lease)
• Fixed 10% rent increases paid every five years
• Four (4) x 5-year options
Land Area: ± 0.82 acres, Building Area: ± 1,750 SF


 
Rite Aid
17615 140th Avenue SE, Renton, Washington

Purchase Price: $7,450,000

• Twenty (20) Year Primary Lease
• NN (Double Net Lease)
• Fixed rental increases at the start of each option.
• Six (6) x 5-year options
Land Area: ± 1.6 acres, Building Area: ± 16,280 SF


 
Pomona First Federal Bank (PFF)
9210 Bear Valley, Apple Valley, California

Purchase Price: $2,300,000

• Twenty (20) Year Primary Lease
• Absolute Net Ground Lease (No Landlord Responsabilities)
• Fixed rental increases of 12.5% paid every five years
• Four (4) x 5-year options
Land Area: ± .97 acres, Building Area: ±3,600 SF


 
National Tire & Battery
9605 Broadway Street, Pearland (South of Houston), Texas

Purchase Price: $3,101,019

• Twenty-five (25) Year Primary Lease
• ABSOLUTE NET LEASE (No landlord responsibilities)
• Fixed rental increase based on CPI not to exceed 12%
• Three x 5-year options
Land Area:±1.6 acres, Building Area: ± 8,064 SF


 
Jiffy Lube

4106 Oceanside Boulevard, Oceanside, California

Purchase Price: $2,445,000

• Twenty (20) Year Primary Lease
• Absolute Net Lease (No landlord responsibilities)
• Rental increases of 10% paid every five years
• Four (4) x 5-year options
Land Area: ± 0.50 acres, Building Area: ± 4,750 SF



 
Jack In The Box
1197 Scenic Drive, Herculaneum, Missouri

Purchase Price: $1,571,296

• Eighteen (18) Year Primary Lease Term
• ABSOLUTE NET LEASE (No landlord responsibilities)
• Fixed rent increases of 1.5% annually
• Four (4) x 5-year options
Land Area: ± 42,711SF, Building Area: ± 2,654 SF


 
Hardee’s
Highway 67 and Highway I-65, Decatur, Alabama

Purchase Price: $1,270,000

• Eighteen (18) Year Primary Lease Term
• ABSOLUTE NET LEASE (No landlord responsibilities)
• Fixed rent increases of 2% paid annually
• Four (4) x 5-year options
Land Area: ± 1.94 acre, Building Area: ± 3,655 SF


 
Checker Auto Parts
NEC Hwy. 50 and Purcell Boulevard, Pueblo West, Colorado

Purchase Price: $1,540,000


• Fifteen (15) Year Primary Lease
• Triple Net Lease
• Rental increases of CPI not to exceed 10% every 5 years
• Two (2) x 5-year options
Land Area: ± 1.002 acres, Building Area: ± 6,500 SF


 
Arby’s
725 W. Spring Creek Pkwy., Plano, Texas

Purchase Price: $1,596,569

• Twenty (20) Year Primary Lease
• ABSOLUTE NET LEASE (No landlord responsibilities)
• Annual rent increases of 1.7% annually
• Four (4) x 5-Year options
Land Area: ± 0.73 acres, Building Area: ± 3,052 SF


 
Advance Auto Parts
5109 Louetta Road., Spring (Houston), Texas

Purchase Price: $1,651,314

• Fifteen (15) Year Primary Lease Term
• NN Lease (Double Net)
• Three (3) x 5-year options
Land Area: ± .9 acres, Building Area: ± 7,000 SF

 
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