Just Sold

IHOP:324 LIBERTY ST , THOMASVILLE, GA 31757

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INVESTMENT HIGHLIGHTS:

 Long-term Security – ±10 Years remaining on primary lease term with - Completely Passive Investment – Absolute NNN Lease - Growing Cash Flow – Lease contains 1.00% Annual rental increases - Recent Construction – The subject property was built in 2014, limiting necessity for future renovations by tenant - Strong Guarantee with over 150+ Units (see tenant highly highlights below for further details).

THE OFFERING

Lot Size 1.06 AC Sale Type Investment  Gross Leasable Area 4,103 SF Cap Rate 5.75%

No. Stories 1 Sale Conditions -Investment Triple Net Year Built 2014 Property Type Retail Tenancy Single Property Sub-type Restaurant

Zoning Description 2 Building Class BAPN / Parcel ID046F-083-M 

 Buyer's Broker: Lee Realty Group a Lee Group LLC - Chris Lee Seller's Broker: Matthews Real Estate  -Keegan Mulcahy  

Triple Net Burger King For Sale

Burger King 2,950 SF | OLEAN, NY

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Asking Price: $2,212,570 Cap Rate : 5.25 %

NOI  $116,160 Rent/Month $9,680  Property 

Lease Absolute NNN Tenant Corporate Guarantee, Credit Rated

Tenancy Single Lease Term 15 years Lease  01/01/2020 to 12/31/2034

Remaining Term 15.2 years Square Footage 2,950 Price/Sq Ft $750.02

Lot Size (ac)0.76 Options Four (4), (5) Year

Ownership Fee Simple - by Calkain

BURGER KING - MUSKEGO, WI

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6.00% CAP | 2,740 SF | Muskego, WI

 Asking Price $1,833,333

Property Type Retail Lease Type NNN Tenancy Single Lease Expiration 03/31/2034 Remaining Term 14.5 years Sqft 2,740

Price/Sq Ft $669.10 Cap Rate 6.00% NOI $110,000 Year Built 2015 Lot Size (acres) 0.92 Lease Options  Four 5 Year Options 

Ownership Fee Simple Courtesy of  Sekulovski Group

Burger King 2,857 SF TALLAHASSEE, FL

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Asking Price:Unpriced  NOI $121,594
Investment Type Net Lease  Absolute NNN
Tenant Credit Franchisee Tenancy Single Lease Term 20 years
Lease  01/31/2008 to 01/31/2028 Remaining Term 8.3 years Sqft 2,857
Year Built 1990 Year Renovated 2016 Rent Bumps 3% Every 3 Years Lease Options Four (4), 5-year  by  Matthews Real Estate 

Burger King 5.65% CAP 3,014 SF BUFFALO, NY

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 Asking Price: $1,655,000 

 Lease Type NNN Tenancy Single 

Rent 7/31/2003 -7/30/2031 Term 11.7 years

SF 3,014 Price/Sq Ft $549.10 Cap Rate 5.65% Occupancy 100% NOI $93,500 Year Built 1981 Year Renovated 2015

1, 2-Year Option & 4, 5-Year Options

Ownership Fee Simple -Courtesy of Matthew's

Burger King 5.00% CAP | 3,000 SF PLANTATION, FL

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 Asking Price: $2,800,000 

Investment Type Sale/Leaseback 

Tenancy Single Lease Type NNN

Lease 20 years Remaining Term 20 years

Square Footage 3,000 Price/Sq Ft $933.33

Cap Rate 5.00% NOI $140,000  Lot Size 1AC

Rent Bumps 1.25% Annual Increases Starting Year 3 Four, Five-Year Options

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Burger King 5.00% CAP | 3,000 SF PORT ST. LUCIE, FL

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 Asking Price: $2,800,000 

Investment Type Net Lease Lease Type NNN Tenancy Single Lease Term 20 years

Remaining Term 20 years NOI $140,000  

Square Footage 3,000 Price/Sq Ft $933.33

Cap Rate5.00%  Lot Size (acres) 1.44 

Rent Bumps 1.25% Annually Starting Year 3 Options Four, Five-Year -  Marcus & Millichap 

Burger King 5.15% CAP | 3,000 SF SEBASTIAN, FL

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 Asking Price: $2,718,447 

Investment Type Net Lease Lease Type NNN

Tenancy Single Lease Term 20 years Remaining Term 20 years Sq Footage 3,000 Price/Sq Ft $906.15 Cap Rate 5.15% 

NOI $140,000  Lot Size (acres)

Rent Bumps1.25%   Annually Starting Year 3 

Options Four, Five-Year Marcus & Millichap 

Burger King 4.65% CAP | 4,300 SF ALTAMONTE SPRINGS, FL

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 Asking Price: $2,580,645

 Property Type Retail Investment Net Lease

Lease Type NNN Tenancy Single 

Lease Term 15 years Lease 09/01/2019

Lease Expiration 08/31/2034 

 Remaining 14.8 years Square Footage 4,300

Price/Sq Ft $600.15 Cap Rate 4.65% 

NOI $120,000 Lot Size (acres) 1.04

Rent Bumps 8% Every 5 Years

Lease Options Two, Five-Year Options  Courtesy of Marcus Millichap

Burger King 5.60% CAP | 2,860 SF RINCON, GA

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 Asking Price: $2,035,000 

 Property Type Retail Lease Absolute NNN

Tenant Credit Franchisee Tenancy Single

Lease Term 20 years

Lease 06/18/2019 to 06/30/2039

Remaining Term 19.6 years

Square Footage 2,860 Price/Sq Ft $711.54

Cap Rate 5.60% NOI $113,929

Year Built 1995 Year Renovated 2012

Lot Size (acres)1  Four, 5-Year Options

Ownership Fee Simple

Courtesy of Matthews

Burger King 20 Year Absolute NNN Sale Leaseback Pleasantville,NJ

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 Asking Price: $2,242,991 

 Property Type Retail Sub Type Fast Food

Investment Type Sale/Leaseback

Lease Absolute NNN Credit Franchisee

Tenancy Single Lease Term 20 years

Lease 01/01/2020-01/01/2040  20.1 years

Square Footage 3,010 Price/Sq Ft $745.18

Cap Rate 5.35% Occupancy 100%

NOI $120,000 Units 1 Year Built 2000

Year Renovated 2020 Buildings 1 Stories

Lot Size (acres) 0.98 Rent Bumps 7.5% 

Every 5 Years (4) 5-Year Options

Ownership Fee Simple - Marcus Millichap

Coming Soon

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Red Lobster 6.40% CAP | 7,924 SF | ROCHESTER, NY

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 Asking Price: $4,919,899 

Property Type Retail Investment Type Sale/Leaseback Lease Type NNN Tenancy Single

Lease Term 20 years Lease Commencement 07/28/2014 Lease Expiration 07/31/2034 Remaining Term 14.7 years

Square Footage 7,924 Price/Sq Ft $620.89 Cap Rate 6.40% NOI $314,874 Lot Size (acres) 1.74 Rent Bumps 2% Annually Four, Five-Year Options

 Marcus & Millichap is pleased to present the exclusive listing for Red Lobster located at 1515 West Ridge Road in Rochester, New York. The property is 7,924 square feet and is situated on approximately 1.69 acres of land.

This Red Lobster is subject to a 20-year triple-net (NNN) lease, with roughly 15 years remaining on the lease. Current annual rent is $314,874. The rent is scheduled to increase by two percent annually, including through the four, five year tenant renewal options.

KFC: Brand New 20 Year Absolute NNN Lease 5.50% CAP | 1,889 SF | KINGSTON, NY

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 Asking Price: $1,855,000 

Sub Type Restaurant, Free Standing, Fast Food Investment Net Lease

Investment Sub Type NNN Lease Type Absolute NNN Tenancy Single

Lease Expiration 10/31/2039 Remaining Term 19.9 years SF1,889

Price/Sq Ft $982 Cap Rate 5.50% Occupancy 100% NOI $102,000 Unit 1

Year Built 2010 Year Renovated 2018 Buildings 1 Lot Size (acres) 0.474 Rent Bumps 7% Every 5 Years Lease Options Two 5 Year Options- CIA

Outback Steakhouse and M&T Bank 6.50% CAP 8,746 SF CLIFTON PARK, NY

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Asking Price: $2,831,000 

Property Type Retail Lease Type NNN Credit Corporate Guarantee

Tenancy Multi Number of Tenants2Square Footage 8,746

Price/Sq Ft $323.69 Cap Rate 6.50% NOI $184,024 Year Built 1988 Year Renovated 2019 Zoning B-4: Highway BusinessLot Size (acres) 1.6

Parking (spaces) 143APN 271-000-0003-066-000-0000

Ownership Fee Simple (Land & Building Ownership) - SRS

Dunkin Donuts | Abs. NNN 6.75% CAP 2,300 SF MIDDLETOWN, NY

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 Asking Price: $1,873,000 

Property Type Retail Investment Type Net Lease Lease Type Absolute NNN Lease Term 17 years

Lease Commencement 07/20/2005 Lease Expiration 7/11/2022 Remaining Term 2.6 yearsNet Rentable (sq ft) 2,300 Price/Sq Ft $814.35

Cap Rate 6.75% NOI $126,400 Year Built 1969 Year Renovated 2015 Lot Size (acres) 0.33 Lease Options 1, 10 Year Ownership Fee Simple

  • High-Performing Dunkin’ Donuts in Middletown, NY| 60 Miles North Of Manhattan
  • Long-Term Operator of 20+ Units – Store Sales Nearly Double National Average
  • Ability To Collect Percentage Rent | 8% Gross Sales
  • 3 Years Remaining on Absolute Triple-Net Lease (NNN)| Zero Landlord Responsibilities
  • Located Along Dense Retail Corridor | More Than 600,000 SF Of Retail Within Half A Mile From Asset, More Than 21,000 Vehicles Per Day.
  • Hedge Against Inflation| Rent Increases Every 5 Years
  • Additional Retail in the Market Include: McDonald’s, Wendy’s, IHOP, Taco Bell, Walgreens, Subway, And Many More. By-SAB CAPITAL LLC 

Dunkin' Donuts 6.00% CAP 1,400 SF NEWBURGH,NY

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 Asking Price: $1,838,000 

Property Type Retail Lease Type Absolute NNN Tenancy Single

Square Footage 1,400 Price/Sq Ft$1,312.86 Cap Rate 6.00%

NOI $110,234 Year Built 1997 Lot Size (acres) 0.59 Parking (spaces) 18

Rent Bumps 9% Annually Lease Option sTwo Twenty Year Option

Ownership Fee Simple Courtesy of Marcus of Millichap

Dunkin' Donuts 7.05% CAP 1,400 SF NEW WINDSOR, NY

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 Asking Price: $1,430,000 

Property Type Retail Lease Type Absolute NNN Tenancy Single

Square Footage 1,400 Price/Sq Ft $1,021.43 Cap Rate 7.05%

NOI $100,808 Year Built 1998 Stories 1 Zoning HC Lot Size (acres) 0.29

Parking (spaces)18 Lease Options2 – 20 Year Ownership Fee Simple

Wendy's 7.93% CAP BEDFORD, TX

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  Asking Price: $1,850,000 

Property Type Hospitality -Restaurant Investment Type Net Lease Square Footage 2,550 Price/Sq Ft $725.49

Cap Rate 7.93% Occupancy 100% NOI $146,740 Year Built 1980 Buildings 1 Stories 1 Lot Size (acres) 0.74 Ownership Fee Simple

 Wendy's in Bedford, TX | DFW Metroplex | Income Tax Free State 

More Than Six Years Remaining on a Triple Net (NNN) Lease with Zero Landlord Responsibilities 

Hedge Against Inflation | 7.50% Base Rent Increase in 2021  Experienced Operator | KFK Group Lease Guaranty | 50+ Units 

Ideally Located Along Brown Trail and Nearby Texas 183 | More Than 145,000 VPD 

Strong Demographics | More Than 113,500 Residents Within 3 Miles | 12% Growth from 2010 | AHHI: $93,475 Within 5 Miles  

Less Than Half of a Mile from Two Schools | LD Bell High School & Stonegate Elementary School | 2,600 Students  By-SAB CAPITAL LLC   

Wendy's - FL | Abs.NNN | Strong Operator 6.50% CAP 2,726 SF JACKSONVILLE, FL

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 Asking Price: $1,400,077 

Property Type Retail Investment Type Net Lease Lease Absolute NNN

Tenancy Single Lease 12/20/0006-12/20/0026 Square Footage 2,726

Price/Sq Ft $513.60 Cap Rate 6.50% NOI $91,005 Year Built 1996

Parking (spaces) 46 Options 4, 5-Year Options Ownership Fee Simple 

Wendy’s 4.80% CAP | 2,400 SF | CLIFTON PARK, NY

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 Asking Price: $2,290,000 

Property Type Retail Lease Type Absolute NNN Tenant Franchisee

Tenancy Single Lease Term 32.3 years Lease 01/25/2004-04/30/2036 Remaining Term 16.4 years Square Footage 2,400 Price/Sq Ft $954.17

Cap Rate 4.80% Occupancy 100% NOI $110,000 Lot Size (acres) 0.92

Ownership Fee Simple Courtesy of Colliers

Panera Bread 4.75% CAP | 5,460 SF | PLATTSBURGH, NY

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 Asking Price: $3,895,405 

Property Type Retail Investment Type Sale/Leaseback Lease Type NNN Tenancy Single Lease Term 15 years Remaining Term15 years

Square Footage 5,460 Price/Sq Ft $713.44 Cap Rate 4.75% NOI $185,032 Lot Size (acres) 1.41

Rent Bumps 8% Every 5 Years Lease Options Four, Five-Year Options

We're pleased to present the exclusive listing for a brand-new Panera Bread located at 408 Route 3 in Plattsburgh, New York. This is a rare investment opportunity to participate in a direct sale leaseback with Panera Bread. The newly constructed site will consist of roughly 5,460 rentable square feet of building space on estimated 1.41-acre parcel of land. The café is scheduled to open in January of 2020.

Panera, LLC, the corporate operating entity, will enter into a brand new 15-year triple-net (NNN) sale leaseback with the purchaser upon close of escrow. The initial annual rent will be $185,032 and will increase by eight percent (8.0%) every five (5) years throughout the term of the lease and in each option period. There will be four (4), five (5)-year tenant renewal options, extending the total possible lease term to 35 years. Courtesy of  Marcus & Millichap

IHOP 6.70% CAP | 7,980 SF | SALEM, VA

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 Asking Price: $2,388,000 

Property Type Retail Investment Type Net Lease

Investment Sub Type 29-unit Franchisee

Lease TypeAbsolute NNN Tenancy Single

Lease Term 14 years Lease 09/01/2018 - 08/31/2032

Remaining Term 12.8 years Square Footage 7,980 Price/Sq Ft $299.26

Cap Rate 6.70% NOI $159,999  Year Built 1989 Stories

Lot Size(acres)1.26 Rent Bumps 1% Annually 

3, 5-Year Options Ownership Fee Simple - By Matthews

Applebee's 6.51% CAP | 5,008 SF | SUFFOLK, VA

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 Asking Price: $2,985,000 

Property Type Retail Investment Type Net Lease

Lease Type NNN Tenancy Single Lease Term 28 years

Lease Commencement 06/01/2010 Expiration 06/12/2038

Remaining Term 18.5 years Square Footage 5,008

Price/Sq Ft $596.05 Cap Rate 6.51% Occupancy 100% NOI $194,203 Units 1 Year Built 1995

Rent Bumps 10% Every Five Years

Courtesy of Marcus Millichap

Taco Bell 5.50% CAP | 3,107 SF | BLUEFIELD, VA

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 Asking Price: $2,509,900 

Property Type Retail Lease Type Absolute NNN Tenancy Single Lease Expiration 03/31/2035 Remaining Term 15.3 years

Square Footage 3,107 Price/Sq Ft $807.82 Cap Rate 5.50% NOI $138,046 Units 1 Year Built 2012

We're pleased to exclusively market for sale a single tenant ground leased Taco Bell property located in Bluefield, Virginia. The lease is absolute triple net and has zero landlord responsibilities. There are approximately sixteen years remaining in the primary term and there are 1.5% annual rental escalations. The lease is guaranteed by Charter Foods Central LLC. Charter Foods operates over 200 locations throughout the South and Northeast regions of the United States. According to Restaurant Finance Monitor, Charter Foods has annual revenues in excess of $200 million annually. The lease is personally guaranteed by the owner of Charter Foods. The Taco Bell property is ideally located along College Avenue (13,000 VPD) and immediately off of Highway 460 (16,000 VPD), a primary east-west thoroughfare. The Taco Bell property is outparcel to Walmart Supercenter and near other retailers including Lowe’s, Sam’s Club, Food City and AT&T. The property is in close proximity to Bluefield College, Graham High School and Graham Middle School which drives additional traffic to the trade corridor. There are approximately 16 years remaining on the Taco Bell which expires March 31, 2035 and there are four 5-year renewal options. Taco Bell serves more than 2 billion customers each year at 7,000 restaurants, more than 80 percent of which are owned and operated by independent franchisees and licensees.Courtesy of  The Boulder Group

Wendy’s 6.50% CAP | 2,512 SF | ROANOKE, VA

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 Asking Price: $1,030,615 

Lease Type Absolute NNN Tenant Credit Franchisee Tenancy Single

Lease Term 5 years Lease 06/01/2019 - 05/31/2024 Remaining 4.5 years

Square Footage 2,512 Price/Sq Ft $410.28 Cap Rate 6.50% 

Occupancy 100% NOI $66,990 Year Built 1984 Lot Size (acres)1.07

Lease Options 1, 5-Year Options Courtesy of The Kase Group

Applebee's 6.50% CAP | 3,794 SF | FRANKLIN, VA

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 Asking Price: $2,704,615 

Lease Type Absolute NNN Tenancy Single Lease Term 19.7 years

Lease 05/01/2019 - 12/31/2038 Remaining Term 19.1 years

Square Footage 3,794 Price/Sq Ft$712.87 Cap Rate 6.50%

NOI $175,800 Lot Size (acres) 1.7 Lease  Three, 5 Years Options

Ownership Fee Simple Courtesy of The Kase Group

Our Affiliated Courtesy of Listing Partners

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