NNN & Income Properties for Investors at Legacy Real Estate and Investment

PLEASE NOTE: ONLY A SAMPLING OF PROPERTIES is on this web site, as they change frequently. PRODUCT SUPPLY CONTINUES TO BE RELATIVELY LOW IN THIS MARKET. However, we have NNN properties available all over the state of Florida and throughout the US. Please contact Kathy if you are a serious buyer. These properties are whole-ownership (not TIC) properties.

NNN means Net-Net-Net (usually called 'Triple Net' , which refers to the lease). Triple Net means that the Tenant is responsible and pays not only for the rent but for everything regarding the building, including taxes, maintenance, roof, and insurance. Some properties are NN - which usually means that the Landlord will be responsible for the roof and structure. THESE ARE INVESTMENTS - YOU ARE NOT INVOLVED IN THE OPERATING BUSINESS. YOU ARE BUYING A LONG-TERM STEADY INCOME AND REAL ESTATE, will be the LANDLORD/OWNER, AND YOU GAIN TAX BENEFITS.

Retail properties are often triple net (such as Walgreens, CVS, Publix, Applebee's, Burger King, Tire Kingdom, Starbucks, etc.). Leases tend to be long-term (15 to 30 years with options to renew). The Buyer of a NNN property has no responsibilities other than debt service, if any. Legacy works closely with Developers, Capital fund companies, Sellers and other brokers on product throughout the US, in addition to others that are available from other brokers. Legacy walks you through the entire process from search to closing, and represents you.

Please Note:
ONLY A SMALL SAMPLING OF PROPERTIES is shown here. We have literally hundreds of properties available in all price ranges in Florida and around the US.

Please contact Legacy if you are an interested Buyer for detailed assistance.

Tuffys Automotive Center,
Ormond Beach FL and billboard sign income
$1,154,171 7% cap rate.

15 year NN lease with Corporate guarantee, executed 1996 to January 1, 2012 with 2 five year options. Tenant has indicated they could exercise their option early. In a retail intensive area, good visibility, good store sales. 3,500 SF on 28,632 SF. Billboard income is on a new 20 year lease with bump in year 10.

Best Buy Portfolio
CLOSED Buyer through Legacy
$19,525,000 6% cap rate
Two property portfolio in Winston-Salem and Greensboro, NC. Absolute NNN leases to 2015 with renewals, corporate guarantees.

A number of Walgreens now available, either newly built with 20-25 year initial leases or with about 10 years left on the lease. Keep in mind that cap rates are generally between 6%-6.5%, and the initial lease term is flat. However the rating of Walgreens draws investors who are looking for a stabilized,bond-type of investment. Contact Kathy to discuss your interests.

Taco Bell
7.1% cap rate - strong franchisee guarantee
Great location at entrance to a major mall!

Contact Kathy ASAP!

Advance Auto Parts
CLOSED, Buyer through Legacy

NN lease to 2019 with 3 five year extensions; 10% increase in year 10. Corporate guarantee.

A number of ADVANCE AUTO PROPERTIES are AVAILABLE!

Burger King

Often available. Cap rates are between 7% and 7.25% with absolute NNN leases of 15 or 20 years.

Amscot portfolio, Florida

Several properties available in Florida, a few under construction. New 15 year NN lease with annual 2% increases and options.

Starbucks, several properties available
Typical 10 year NN lease with 20 years of options; increases every 5 years.

7-Eleven $2,862,059
Closed. Buyer through Legacy
New 20 NNN lease with bumps and renewal options; redeveloped site in a great location.

Several more 7-Eleven properties are available in the US.

Goodyear Tire
The leases may be NN or NNN. Goodyear has been in business over 100 years and has more than 1,700 stores worldwide - strong Guarantor. S&P rated B+.

WALGREENS and CVS DRUGSTORES, GROCERY STORES
A variety of this product is available or is in process of being developed and built. Contact Legacy if you are interested.