Tag: NNN

Fernandez Brings $7.94M NNN Leased Germantown, MD Pep Boys to Market

Herndon, VA – Rick Fernandez, Calkain’s Senior Managing Director, has been retained to sell the real estate, including improvements, at 20900 Frederick Road in Germantown, Maryland.  The property has been operated and corporate guaranteed by Pep Boys since the early 90’s under a long-term NNN lease with annual rent increases.…

Traci BidingerFernandez Brings $7.94M NNN Leased Germantown, MD Pep Boys to Market

What Can Opportunity Zones Offer NNN Investors?

Commercial Property Executive

Even if the final regulations do not include net leased assets, the expected increase in retail stores in these districts is promising.

For answers to that question, we’ll just have to wait a while. If the current partial shutdown of the US government doesn’t hang things up too much, the Treasury Department is expected to come out next month with regulations that are said to answer that question and many more. In the meantime, net lease investors will just have to bide their time.…

Amanda WillisWhat Can Opportunity Zones Offer NNN Investors?

The Continued Strength of the Retail Pharmacy Sector

GlobeSt.com

Think about your neighborhood retail pharmacy. Perhaps it’s a stand-alone Walgreens on a busy street corner, or a CVS on a pad site, shadow-anchored by a big-box retailer. If you’re anything like the average consumer, this pharmacy offers a handy location for prescriptions, health and beauty products, and groceries.

If investors are anything like the average net lease property owner, they might find …

Amanda WillisThe Continued Strength of the Retail Pharmacy Sector

Walgreen bags Ellenton store for $4.95 million

Herald-Tribune

MANATEE COUNTY — Walgreens Boots Alliance Inc. has bought the store in Ellenton it has occupied since 2001 for $4.95 million.

Deerfield, Illinois-based Walgreens, the second-largest pharmacy chain in the U.S., acquired the nearly two-acre property at 5945 U.S. 301 last month, court records show.…

Amanda WillisWalgreen bags Ellenton store for $4.95 million

STNLs–A Win-Win Lease Structure for Tenant and Owner Alike

It’s official. The National Real Estate Investor just dubbed the Single-Tenant Net Lease sector “the bedrock of commercial real estate investment.” What’s more, the commercial real estate website went on to predict that “all signs point to the sector remaining in solid shape for the foreseeable future.”

Little wonder. There are subtle nuances to the STNL structure that make it stand out from, and in many respects ahead of, more traditional leases–making it a very appealing fit for investors as well as for creditworthy tenants.

As the name implies, the focus of the STNL is on a single tenant or

Amanda WillisSTNLs–A Win-Win Lease Structure for Tenant and Owner Alike

Investors Continue to Chase Net Lease Cap Rates

GlobeSt.com

The two sectors at either end of the cap-rate change spectrum in Q3 were dollar stores, up 45.1 bps, and pharmacies, which posted a -29.3 shift.

Cap rates’ upward trend continued in the third quarter with an 8-point basis gain, according to to Calkain Research’s Q3 Cap Rate report. Furthermore the trend shows no sign of abating, Calkain goes on to say.

The two sectors at either end of the cap-rate change spectrum this quarter are dollar stores, up 45.1 bps, and pharmacies, which posted a -29.3 shift.…

Amanda WillisInvestors Continue to Chase Net Lease Cap Rates

Rite-Aid on its Own: What it Means for Real Estate Investors

GlobeSt.com

In February 2018, Albertsons Companies announced that it would acquire the Rite Aid Corporation. The plan was for Albertsons’ to acquire all of the locations not included in Walgreens’ purchase of 2,186 stores. This would have added approximately 2,400 pharmacies to Albertsons, which then wanted to rebrand its other pharmacies to the Rite Aid name.…

Amanda WillisRite-Aid on its Own: What it Means for Real Estate Investors

What Will Net Lease Look Like in 10 Years?

GlobeSt.com

Two distinct types of changes are occurring in the net lease market, cyclical and fundamental. Cyclical change, as the name suggests, comes in cycles, is repeated and predictable, while fundamental change constantly progresses and alters the industry forever.…

Amanda WillisWhat Will Net Lease Look Like in 10 Years?

A Sector-by-Sector Look At Net Lease Cap Rates

GlobeSt.com

For the first half of this year, the average cap rate rose in nine out of the 11 net lease subsectors compared to the same period last year, according to the Calkain Cos.’ Semi-Annual Net Lease Report.…

Amanda WillisA Sector-by-Sector Look At Net Lease Cap Rates