BJ's Wholesale Club, built in 2009 as part of a 2mm sf industrial, recreation and retail complex. NNN-leased to strong tenant, with 12 years remaining, no landlord responsibilities and 8 percent rental increase every 5 years.
Asking $27,621,000, annual NOI $1,795,000, cap 6.5%.
Freestanding Florida CVS drugstore with drive-through. Located at an intersection with 40,200 vpd, in a high-growth/high-income area. NNN lease with 12 years remaining, four (5) year options and increases at each option period.
Asking $6,350,000, NOI $414,000, cap rate 6.5%. Please inquire about more details.
Northern Tool store in prime location in the Mid-Atlantic region, with excellent demographics. NN lease expires in November 2021, has two renewal options and rent escalations.
Asking $4,452,000, annual NOI $333,000, cap rate 7.5%.
_Food Lion Supermarket-anchored shopping center, located at a signalized intersection with excellent visibility from a highway traveling north and south from Tennessee to Florida. Nearby traffic count exceeds 26k vpd. $500k remodel completed by Food Lion in June 2011. Staggered NNN lease schedule. Majority of center leased through April 2019, including Food Lion (75% of GLA).
Asking $4,054,000, annual NOI ca. $374,995, cap rate 9.25%. Please inquire for more details.
_New corporate Burger King with 17+ year-NNN lease. BK has operated one of their top performing stores at this very location since 1982. They are currently building their new 2020 concept on this location.
Asking $2,450,000, annual NOI $147,000, cap rate 6%.