Kevin Spilsbury | kevin@nnnsearch.com | 760-452-2404
Las Vegas Two-Story Office with Gaming Sports Bar
7272 South El Capitan Way, Las Vegas, Nevada 89148
- $3,650,000 ($414.02/SF)
- 0.95 Acres
OFFERING OVERVIEW:
- New 15-Year Lease Term at COE
- Sale-Leaseback
- 2% Rent Increase Per Year
- Exclusive Nevada Gaming Location
- Absolute Triple-Net (NNN) Investment
- High Visibility/Traffic Site
- Lease Guarantee by Tenant/Personally by Gaming Licensee
Kevin Spilsbury | kevin@nnnsearch.com | 760-452-2404
Starbucks- Elizabeth City, NC
109 Tanglewood Pkwy, Elizabeth City, North Carolina 27909
- $1,350,000 ($613.64/SF)
- 1.58 Acres
Net Lease Realty Partners is excited to present the opportunity to acquire the fee simple interest in this corporate Starbucks Coffee site. The property was originally built in 2017. The site is well-positioned and visible along Halstead (NC-334) just off the US-17 BYP Exit which is the main Freeway system that Travels North-South just West of Elizabeth City. Situated on a Walmart out parcel, there are several other major retailers within close proximity. QSRs include McDonald’s, Zaxby’s and Subway. Shopping retailers include Hobby Lobby, GameStop, Ross, TJ Maxx, Mattress Firm, and AT&T. The subject property is on a 10-year NN lease to Starbucks with approximately 8 years remaining on the term and includes four, five-year options to renew. The lease calls for 10% rental increases to the landlord adjusted in year 6 and each option year.
Kevin Spilsbury | kevin@nnnsearch.com | 760-452-2404
Dollar General- Dayton Texas
County Road 676, Dayton, Texas 77535
- $1,580,000 ($175.05/SF)
- Net Income (NOI) $97,214/year
- 6.15% Cap Rate
- 3.37 Acres
Net Leased Realty Partners is excited to bring a Build To Suit - Dollar General to the market located in Dayton Texas. Estimated to be completed in December 2019. Located at the corner of Texas Highway 321 & Country Road 676 on 3.366 acres. Located approximately 5 miles from the Gulf Inland Logistics Park, which is expected to create 5000 jobs and attract $137 million in private investment, and located approximately 8 miles to the new River Ranch residential development. River Ranch is a master-planned community near Dayton of 14,000 future homes.
Kevin Spilsbury | kevin@nnnsearch.com | 760-452-2404
Ruby Tuesday- Mechanicsville, VA
7425 Bell Creek Road, Mechanicsville, Virginia
- $2,350,000
- Net Income (NOI) $152,579
- 6.49% Cap Rate
- 1.492 Acres
- Fee Simple
- Absolute Net Lease (NNN)
- Corporate Guarantee
Net Leased Realty Partners is excited to bring the Ruby Tuesday in Mechanicsville, VA to the market. Mechanicsville, Virginia is 6 miles NE of Richmond, Virginia and 89 miles NW of Virginia Beach, Virginia. It is in Hanover county with over 105,000 residents. The town is part of the Richmond - Petersburg metro area. The population of Mechanicsville is approximately 40,000.
Absolute Net (NNN) Lease – The property is currently under a 15-Year Absolute Net (NNN) Lease, with approximately +/- 7.5 Years remaining until the tenant's option periods. The landlord is not responsible for the roof and structure of the property. The lease is guaranteed by Ruby Tuesday, Inc.
Kevin Spilsbury | kevin@nnnsearch.com | 760-452-2404
Sprouts- Pearland, Texas
2718 Old Chocolate Bayou Road
- $9,850,000 ($351.79/SF)
- Net Income (NOI) $532,000/year
- 5.40% Cap Rate
- 4.02 Acres
- Fee Simple
15 Year NN Lease commenced on September 2015. The Lease is guaranteed by SFM, LLC, the operating subsidiary of Sprouts Farmers Market, Inc. Tenant operates approximately 256 grocery stores in 14 states. Rental Increases every 5 years of $1/S.F. The Property is situated at a signalized corner across from a Kroger grocery-anchored center.