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PLEASE NOTE: ONLY A SAMPLING OF PROPERTIES
is on this web site, as they change frequently.
PRODUCT SUPPLY IS STARTING TO INCREASE. CAP
RATES ARE BECOMING MORE FAVORABLE FOR BUYERS - IT
IS A BUYERS MARKET NOW. 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.
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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.
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Untitled Document
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Advance Auto Parts
$1,878,900 7.75% cap rate
Wilmington, NC.
Built 2009. Advance Auto (NYSE: AAS) is S&P rated BB+
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Untitled Document
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IHOP, Tallahassee FL
$1,891,891. 7.4%
cap rate
20 year NNN lease with
1.25% annual increases. The Tenant is the largest IHOP
franchisee in the US. Sitting next to a La Quinta, there
are 3 universities (about 60,000 students) in a 3 mile radius!
Financing available.
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Tuffys Automotive Center,
Ormond Beach FL and billboard sign income
SOLD DEC 2009
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.
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Dollar General and Family Dollar
Stores - available across the US!
Cap rates are now typically 8.5% to 9%. Good buys in
down economies.
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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.
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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 now higher than in the last 5
years, but the
initial lease term is flat. The rating of
Walgreens draws investors who are looking for a stabilized,bond-type of investment.
Contact Kathy to discuss your interests.
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CVS Pharmacy, East Cobb, GA
$4,680,000. 7.4% cap rate.
25 year lease. Build 2009. CVS is S&P rated BBB+
Many CVS sites available.
Contact Kathy ASAP!
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Advance Auto Parts
SEVERAL SITES PURCHASED through Legacy
SITES AVAILABLE throughout the US
now
Corporate guarantee of an S&P rated company; typically 15
year leases with bump in year 10.
Contact Kathy today to find your
new investment site!
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Starbucks, several properties
available in Florida - well performing stores including a 24
hour site!
Typical
10 year NN lease with 20 years of options; increases every 5
years.
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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.
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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.
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