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Not all properties are available online. For a complete list, call (404) 876-1640 or contact us now.
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Net Leased Investment Property
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Email: Paul Zeman
(404) 876-1640 ext. 133
Email: Giles Stevens
(404) 876-1640 ext. 132
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| Single Tenant Net Leased Investment "Prime Kansas Location" (9.5% Cap) |
Price:
$21,300,000.00
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| 17800 West 106th Street, Olathe, Kansas |
Healthcare Real Estate Services at Bull Realty is pleased to present the opportunity to acquire a prime investment property offering a strong 9.5% cap rate. With available
financing, this property offers substantial double digit cash-on-cash returns.
Completed in 2006, the Opus Northwest designed facility is prominently positioned on eleven and a half acres in the proven Corporate Ridge Office Park. The state of the art approximately 106,600 sq ft fitness center is well located in Olathe, an affluent suburb of Kansas City.
The true absolute triple net lease term is 15 years with three 5-year renewals. The successful tenant has illustrated strong growth numbers since opening in 2006. The lease is guaranteed by a prominent businessman worth in excess of 90 million dollars. In addition, the business will escrow $2 million dollars to solidify the income stream for the investors.
The ever increasing awareness of diet & exercise has caused society to be more aware of the importance of good health than ever before. This Fitness Center is perfectly positioned as best in class for long term stability in this booming industry.
The building has received numerous awards including the Design-Build Institute of America’s Best Private Sector Building in its class (2006) and a Beautification Award from the City of Olathe (November 21, 2006). In June 2006, it received the Smart Corridor Development of the Year Award. In April 2007, it received the Capstone Award for architectural design by the Kansas City Business Journal. This award, described as “Crowning Achievements in Real Estate,” is for projects that enhance the Kansas City metropolitan area. In November 2007, it received the National Design Build Institute of America’s “Best Private Sector Building “ award and was listed in the Athletic Business as one of twenty annual state of the art architectural showcase
facilities for 2007. |
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Email: Michael Bull, CCIM
(404) 876-1640 ext. 2001
Email: Virginia I. Wright, CCIM
(404) 876-1640 ext. 134
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| Single Tenant, Net Leased Investment Opportunity - FedEx Ground Facility |
Price:
$6,500,000.00
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| Southeast, USA, Florida |
Excellent opportunity to acquire a safe, strong cash flow, single tenant investment property.The facility was built in 2003 and expanded by 12,314 sq ft in 2006 for a total of 59,086 sq ft. The buildingand parking spaces were expanded at the request of the tenant. Included in the building is 3,313sq ft of office space. The property has an amended initial lease term that runs through August 31,2016 and has two 5?year renewal options, through August 31, 2026. With a net operating income of
$553,701, this investment yields a strong 8.5% cap rate.
The property’s tenant has a BBB Standard & Poor Rating and a 2009 sales of $7 Billion.is a unit of the air express giant, FedEx. This section of the company provides service to everybusiness address in the United States, Canada, and Puerto Rico. This division operates a fleet of about22,000 vehicles that ship over 3.5 million shipments per day from about 32 ground hubs, over 500 pickup/delivery terminals and 22 FedEx SmartPost distribution centers. These centers were recently
awarded “Small Parcel Carrier of the Year” (2009) by Wal?Mart. |
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Email: Virginia I. Wright, CCIM
(404) 876-1640 ext. 134
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Atlanta MSA CVS (9% Cap Rate)
"Back-up Contract Available" |
Price:
$2,373,000.00
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| 8525 Tara Boulevard, Jonesboro, Georgia |
Back-up Contract Available. This highly visible, freestanding CVS Pharmacy has found an ideal location in Jonesboro, Georgia, approximately 20 miles south of Atlanta. Situated along heavily travelled Tara Boulevard, it has enjoyed consistent sales since opening here in 1997. The nearest drugstore is over two miles away, leaving this CVS Pharmacy as a convenient stop for the many patrons who frequent this predominantly retail area. Several small shopping centers have been the mainstay of this corridor for many years. The Tara Shopping Center and Flint River Shopping Center, to name a few, each have a diverse selection of unique stores.
Immediately surrounding this CVS Pharmacy are numerous restaurants including, Wendy’s, Domino’s, Burger King, Long John Silver’s, Arby’s, and Golden Corral. The opening, in February 2010, of the new state run GRTA Express Park ‘n Ride across the street, is sure to increase the already impressive traffic counts of 39,570 cars per day.
This established location is operating on a 20 year lease that runs through 2017. There
are an additional four 5-year options to extend this lease, all with rent increases. The current net operating income is $213,604 per year, with a rent increase to $218,965 in 2012. Location, sales, traffic - this CVS Pharmacy represents a great opportunity for an investor to own a stable asset with an Investment Grade Tenant (S&P Credit/ BBB+). |
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Email: Virginia I. Wright, CCIM
(404) 876-1640 ext. 134
Email a Friend | PDF
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| McDonald's / Chevron C-Store - Prime Corner Location (8.2% Cap Rate) "Back-up Contract Available" |
Price:
$2,200,000.00
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| 5115 Dallas Highway, Powder Springs, Georgia |
Back-up Contract Available. A unique NNN investment opportunity has recently become available in Powder Springs, Georgia (Atlanta MSA). This McDonald’s-Chevron retail property combines the strength of the McDonald’s brand with the convenience of a Chevron store. Operating since 1996, this 3.62 acre site sits on a hard corner, and has been running 24/7 ever since.
Both entities are operating on 20 year leases, that include an additional four 5-year options to renew. The combined current annual NOI is $161,592. Rent increases occur every five years (the next one in Jan. 2012), with McDonald’s offering a 15% increase and Chevron (July 2012) offering a 10% increase.
The demographics are outstanding as well, with a local population of over 100,000, and average household incomes of $135,000. The traffic counts along Dallas Highway are always impressive at over 29,000 vehicles per day, thanks to the excellent neighboring sites that include a Publix-anchored shopping center, Walgreens, Advance Auto, Sherwin Williams, as well as many medical offices. |
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Email: Nancy Miller, CCIM, MBA
(404) 876-1640 ext. 118
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| Atlanta Area Zaxby's NNN Investment Opportunity (8.5% Cap) |
Price:
$1,835,300.00
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| 6671 Tara Boulevard, Jonesboro, Georgia |
Bull Realty is pleased to offer this outstanding single tenant NNN leased Zaxby’s on busy Tara Boulevard in Jonesboro, GA with traffic counts of over 64,000 vehicles per day. The actual cap rate of 8.5% offers the investor a stable and easy passive investment opportunity. The experienced and successful franchise operator, who operates two metro Atlanta locations, continues to generate impressive store sales in the top 25% of Zaxby’s outlets in Georgia. The store level performance is mirrored by the success of the Zaxby’s brand, with over 455 corporate and franchise locations in the Southeast and beyond. The Athens, GA based chain has experienced three successive years of growth with 2008 sales growth of 18%, up from an average of 7% for 2006 and 2007! Built in 2005, this approximately 3,459 sq ft building is well situated with excellent exposure, visibility and customer flow on approximately 0.94 acres and is located next door to an Office Depot and Mattress Firm.
Offered at an 8.5% cap with two rent increases remaining in the initial term, the blended cap rate is 8.9%. There are also three 5-year options with escalations remaining beyond the initial term making the overall cap rate near 10% cap. Though a franchise location, the seller is so “bullish” on this location that they will personally guarantee the lease for the remainder of the 15-year initial term (11 years remaining.) Please visit this site and their other location on the East-West Connector in Austell, GA for a great meal, but please do not disturb the business operator or customers. |
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Email: Brad Miller
(404) 876-1640 ext. 135
Email: Joel Klein
(404) 876-1640 ext. 152
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| Nationally Branded Gas Station (11.5% Cap Rate) |
Price:
$1,750,000.00
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| 3930 George Busbee Parkway, Kennesaw, Georgia |
- Nationally branded
- 11.5% cap rate on current income
- NNN lease expires 4/30/2012, plus one, five-year options with rent increases provides upside
- Corner parcel with excellent access
- High volume
- Deliverable free and clear of fuel supply agreement
- Also available as part of a eight store portfolio
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Email: Brad Miller
(404) 876-1640 ext. 135
Email: Joel Klein
(404) 876-1640 ext. 152
Email a Friend | PDF
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| Nationally Branded Gas Station with 8.06% Cap Rate |
Price:
$1,500,000.00
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| 3635 Northcrest Road, Doraville, Georgia |
- Nationally branded
- 8.06% cap rate on current income
- NNN lease expires 7/31/2012
- Buy now, collect NNN rent, then operate it yourself
- Located at major I-85 interchange with easy on/off
- Highly visible I-85 signage
- High volume
- Deliverable free and clear of fuel supply agreement
- Also available as part of a eight store portfolio
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Email: Nancy Miller, CCIM, MBA
(404) 876-1640 ext. 118
Email a Friend | PDF
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| Atlanta MSA Zaxby's NNN Investment Opportunity w/ 9 Years Remaining (10.2% Cap Rate) |
Price:
$1,450,000.00
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| 2603 East West Connector, Austell, Georgia |
This single tenant, NNN leased Zaxby’s is for sale at a 10.2% cap rate - almost a $250K price reduction! This attractive, standalone restaurant, built in 2004, includes an approximately 3,372 sq ft building with drive-thru on 1.16 acres. The Zaxby’s brand with over 480 locations in the Southeast, offers a premier and affordable “cook to order” family dining experience. Sales for this outlet are in the top 25% of all Georgia locations, due in great part to the operator experience and proximity to traffic generators including: a new Holiday Inn Express, Kaiser Permanente, N. Cobb Hospital, nearby soccer fields, many rooftops, and the Silver Comet Trail.
The location, coupled with tremendous street exposure, on the heavily traveled East-West Connector with almost 40,000 vehicles per day, make this a real winner for a passive investor! The lease has 9+ years remaining on the initial term with three, 5 year options with increases each period. All the elements of success are here—location—passive income—ease of ownership—and a respected brand! Please do not disturb the business operator or customers. |
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Email: Daniel Latshaw, CCIM, MBA
(404) 876-1640 ext. 127
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| Confidential: Single-Tenant Intown Atlanta Restaurant (10% Cap Rate) |
Price:
$1,250,000.00
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| Piedmont Ave / Cheshire Bridge Rd Area, Atlanta, Georgia |
| Single tenant net leased investment property near Midtown Atlanta at a 10% cap rate! This is a great opportunity to acquire a no management-oriented investment with great upside. While a 10% cap rate is fantastic, there may be greater upside from the potential appreciation of this fabulous in-town Atlanta location. This approximately 7,430 square foot upscale restaurant features a warmly decorated interior, an approximately 710 square foot of covered deck, and seating for 189. Situated between Midtown and Buckhead, within 3 miles this prime location features; 72,389 households, a average income of $119,685 and approximately 202,220 office workers. Email Daniel or click the brochures button for a confidentiality agreement. |
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Email: Michael Bull, CCIM
(404) 876-1640 ext. 2001
Email: Virginia I. Wright, CCIM
(404) 876-1640 ext. 134
Email a Friend | PDF
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| Arby's New Corporate Lease (9% Cap Rate) "Sold & Closed" |
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| 3620 S. Washington Avenue, Titusville, Florida |
Sold & Closed. This Arby’s is an absolute NNN leased investment property located in Titusville, Florida. The strategically located fast food restaurant sits directly across the bay from the Kennedy Space Center, along the main corridor through Titusville. An abundance of other retailers along the main highway draw traffic to this clean, highly visible corner, making it a very desirable location.
Because of their ideal location, this Arby’s boasts of consistently strong sales of over $1.1MM, putting them well above the company average of $930,000. The 10-year corporate lease runs throughApril 30, 2019, with 1 five-year option to renew. The current annual
rent is $108,000, with an 8% increase every five years. |
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