Tag: NNN

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

Net Lease Breaks Tradition with the Typical CRE Summer Slowdown

GlobeSt.com

Summertime generally means hot weather and time off. For commercial real estate, summertime can also mean transactional slowdowns. While technology helps move contracts and closings along, the consensus is that buying and selling becomes a trickle between Memorial Day and Labor Day.…

Amanda WillisNet Lease Breaks Tradition with the Typical CRE Summer Slowdown

What Happened To Net Lease Over The Last Quarter?

GlobeSt.com

Cap rates overall have seen an up-tick, but at a manageable pace, while core assets continue to trade at historically aggressive pricing

ap rates are beginning to move, the average cap rate for single tenant net lease (STNL) properties rose 17 basis points from Q1. The major driver of this movement was a change in the types of leases, with more double-net leases closing during Q2. The pharmacy and automotive sectors had the largest uptick in cap rate. This is the third straight quarter over quarter gain in average cap rate.…

Amanda WillisWhat Happened To Net Lease Over The Last Quarter?

Calkain Completes Sale of McDonald’s/Family Dollar Center in Orange, VA

Herndon, VA – Calkain’s Rich Murphy and Natalia Nunno have recently completed the sale of the Orange Shopping Center in OrangeVA.  The center consisted of a McDonald’s and a Family Dollar store. A local buyer purchased the retail center for $1,020,000.

The property has been occupied by these two tenants for over 30 years which made it a very attractive investment. Calkain’s Nunno said “We had an enormous amount of interest in the property given the price point and its longstanding history.” Murphy continued “Properties like this don’t come on the market very often and when they …

Amanda WillisCalkain Completes Sale of McDonald’s/Family Dollar Center in Orange, VA

3 Reasons to Invest in a Triple Net Lease

Think about any free-standing business—pharmacies, banks, your local Starbucks—and there’s a good chance they’re under a triple net lease agreement.  Also known as NNN leases, this subcategory of net leases tends to be the most commonly utilized net lease agreement for commercial and retail space, and for good reason.…

Amanda Willis3 Reasons to Invest in a Triple Net Lease