Tenant Name
|
|
HQ City
|
|
ST |
|
Type |
Avg Price
|
Size/SF |
|
$/SF |
|
Avg Cap |
Equity |
|
Yield |
Yrs |
Ste |
Crp |
V |
Chick-fil-A
|
|
Atlanta |
|
GA |
|
QSR |
$4,000,000 |
4,700 |
|
$875 |
|
4.00% |
$0 |
|
4.00% |
13 |
Site
|
Corp |
|
Private, Rev $6.5B, since 1946, not rated, 2,200 units, #8 QSR, corporate backed, fee & GL, low cap, + brand, + growth, ++ active |
Walmart Mkt
|
|
Bentonville |
|
AR |
|
Merc |
$11,500,000 |
11,752 |
|
$280 |
|
5.30% |
$0 |
|
5.30% |
15 |
Site
|
Corp |
|
NYSE:WMT, Mkt Cap $20B, Rev $447B, Credit AA/Aa2, 6,300 (500 Neighborhd Markets), invest grade, corp, NNN, + term, + increases, active |
Tractor Supply
|
|
Brentwood |
|
TN |
|
Retail |
$4,860,000 |
20,370 |
|
$235 |
|
6.00% |
$0 |
|
6.00% |
10 |
Site
|
Corp |
|
NYSE:TSCO, Mkt Cap $16B, Rev $7B, not rated, 1,844 stores, corp, most rural, NN, increases, + large lots, low $/SF, active |
Rite Aid
|
|
Camp Hills |
|
PA |
|
Pharm |
$3,900,000 |
12,900 |
|
$210 |
|
7.40% |
$0 |
|
7.40% |
8 |
Site
|
Corp |
|
NYSE:RAD, Mkt Cap $514M Rev $23B,crdt CCC+/Caa1, 2,500 stores, corp, NN/NNN, increases, + caps, ++ active |
Hardee's
|
|
Carpenteria |
|
CA |
|
QSR |
$1,780,000 |
2,990 |
|
$600 |
|
6.20% |
$0 |
|
6.20% |
15 |
Site
|
Corp |
|
Private (CKE parent) Mkt Cap $700M, Rev $600M, credit B-/, 3,300 units, corp, NNN, + locations, adaptive reuse, +increases ++ active |
Family Dollar
|
|
Charlotte |
|
NC |
|
Dollar |
$2,164,000 |
9,990 |
|
$155 |
|
7.10% |
$0 |
|
7.10% |
9 |
Site
|
Corp |
|
NYSE:DLTR, Mkt Cap $22B, Rev $22B, Credit BB+/Ba2, (Dollar Tree), 13,000 stores, invest grade,corp, NN/NNN, some increases, +++ active |
Bank of America
|
|
Charlotte |
|
NC |
|
Bank |
$2,590,000 |
5,100 |
|
$805 |
|
5.00% |
$0 |
|
5.00% |
9 |
Site
|
Corp |
|
NYSE: BAC, Mkt Cap $208B, Rev $68B , Credit A/A1, 4,600 branches, investment grade, + located, #1 brand, fee/GL, increases, + active |
Bojangles'
|
|
Charolette |
|
NC |
|
QSR |
$2,710,000 |
3,575 |
|
$780 |
|
5.80% |
$0 |
|
5.80% |
12 |
Site
|
Corp |
|
Sold for $593 to Durational Capital, not rated, 750 units, big in SE, 6 years of + sales, NNN, unit volume growing, increases vary |
BMO Harris Bank
|
|
Chicago |
|
IL |
|
Bank |
$2,610,000 |
6,000 |
|
$465 |
|
5.70% |
$0 |
|
5.70% |
10 |
Site
|
Corp |
|
NYSE: BMO (Bank of Montreal), Mkt Cap $38B, Rev $4B, Credit A+/Aa3, 600 branches, +invest grade, +locations, NNN,+ increases/yr, active |
Walgreens
|
|
Deerfield |
|
IL |
|
Pharm |
$5,410,000 |
14,250 |
|
$375 |
|
6.20% |
$0 |
|
6.20% |
13 |
Site
|
Corp |
|
NYSE:WBA, Mkt Cap $30B, Rev $131B Credit BBB/Baa2, 8,177 stores, corp, NNN, flat rent, + locations + long terms +++ active |
DaVita
|
|
Denver |
|
CO |
|
Med |
$3,600,000 |
8,800 |
|
$424 |
|
5.80% |
$0 |
|
5.80% |
10 |
Site
|
Corp |
|
NYSE:DVA, Mkt Cap $9B, Rev $14B, Credit BB/, 2,300 clinics Fortune 500, corp backed, NN/NNN, increases, hospital close, + active |
Chipotle
|
|
Denver |
|
CO |
|
Fast Casual |
$3,380,000 |
2,600 |
|
$1,200 |
|
4.50% |
$0 |
|
4.50% |
15 |
Site
|
Corp |
|
NYSE: CMG, Mkt Cap $35B,Rev $4.8B, not rated, 1,800 units, corp backed, NNN, fee/GL, high rent/low cap, + brand, + locations, + active |
IHOP
|
|
Glandale |
|
CA |
|
Rest |
$2,565,000 |
4,700 |
|
$545 |
|
6.40% |
$0 |
|
6.40% |
9 |
Site
|
Corp |
|
NYSE:DIN (Dine Equity), Mkt Cap $911M, Rev $600M, Credit /B2, 1,650 units, franchises, + brand, + locations, + land, increases, active |
Applebee's
|
|
Glendale |
|
CA |
|
Rest |
$2,500,000 |
4,850 |
|
$650 |
|
6.50% |
$0 |
|
6.50% |
10 |
Site
|
Corp |
|
NYSE:DIN, Dine Brands, Mkt Cap $920M, Rev $480M, not rated, units 1,655, absolute NNN, rent increases, large lots, + brand, active |
Dollar General
|
|
Goodlettsville |
|
TN |
|
Dollar |
$1,500,000 |
9,200 |
|
$164 |
|
6.56% |
$0 |
|
6.56% |
12 |
Site
|
Corp |
|
NYSE:DG, Mkt Cap $52B, Rev $25B, Credit BBB/Baa2, 12,800 stores, invest grade, corp, NN/NNN, smaller towns, some increases, +++ active |
Mattress Firm
|
|
Houston |
|
TX |
|
Furn |
$2,050,000 |
4,450 |
|
$470 |
|
7.00% |
$0 |
|
7.00% |
7 |
Site
|
Corp |
|
NASDAQ:MFR, Mkt Cap $2.B, Rev $12B, Credit B/, 1,600 stores, corp, most NN, size SF varies, + locations, + increases, modest |
Taco Bell
|
|
Irvine |
|
CA |
|
QSR |
$2,100,000 |
2,350 |
|
$1,200 |
|
5.30% |
$0 |
|
5.30% |
14 |
Site
|
Corp |
|
NYSE:YUM (parent), Mkt Cap $27B, Rev $5B , Credit BB/Ba3, 7,000 units, #5 QSR, franchises, NNN, fee/GL, + increases +++ active |
7-Eleven
|
|
Irving |
|
TX |
|
Conv |
$4,200,000 |
3,280 |
|
$1,215 |
|
5.00% |
$0 |
|
5.00% |
15 |
Site
|
Corp |
|
Private, $27B cap, Credit AA-/Baa;7,800 stores, corporate, + brand, strong credit, accelerated depreciation, better locations, + active |
Panera Bread
|
|
Kirkwood |
|
MO |
|
Fast C |
$2,320,000 |
3,850 |
|
$780 |
|
5.50% |
$0 |
|
5.50% |
12 |
Site
|
Corp |
|
Private Mkt Cap @ $4B, Rev $B, not rated, 2,000 units, corp/franchise, high rent/low cap, + locations, NNN, increases, + active |
KFC
|
|
Louisville |
|
KY |
|
QSR |
$1,790,000 |
3,100 |
|
$604 |
|
5.60% |
$0 |
|
5.60% |
15 |
Site
|
Corp |
|
NYSE:YUM (parent), Mkt Cap $11B, Rev $24B , Credit BB/Ba3, 17,000 units, + brand, NNN, most franchise, + increases, ++ active |
FedEx
|
|
Memphis |
|
TN |
|
Indust |
$3,000,000 |
20,000 |
|
$150 |
|
5.50% |
$0 |
|
5.50% |
10 |
Site
|
Corp |
|
NYSE:FDX, Mkt Cap $66B, Rev $19B, Credit BBB/Baa2, 1,900 stores, corporate, stable locations, proven biz, NN, some increases, active |
Kohl's
|
|
Menomonee F |
|
WI |
|
Merch |
$12,700,000 |
58,093 |
|
$105 |
|
6.00% |
$0 |
|
6.00% |
14 |
Site
|
Corp |
|
NYSE:FSS, Mkt Cap $3B, Rev $19B, Credit BBB/Baa, 1,000 stores, + investment grade, corp, increases in options, low $/SF +term |
Verizon
|
|
New York |
|
NY |
|
Bank |
$2,235,000 |
4,300 |
|
$500 |
|
6.25% |
$0 |
|
6.25% |
8 |
Site
|
Corp |
|
NYSE:VZ, Mkt Cap $245B, Rev $126B, Credit BBB+/Baa1, 2,000 stores, invest grade, corp ++ locations, NN, increases, active
|
McDonalds
|
|
Oakbrrok |
|
IL |
|
QSR |
$2,950,000 |
4,350 |
|
$1,000 |
|
4.50% |
$0 |
|
4.50% |
9 |
Site
|
Corp |
|
NYSE:MCD, Mkt Cap $162B, Rev $22B, Credit BBB+/Baa3, 36,000 units, corp, NNN, increases, fee/GL, ++ brand, + locations, + active |
Red Lobster
|
|
Orlando |
|
FL |
|
Rest |
$4,780,000 |
7,500 |
|
$635 |
|
6.10% |
$0 |
|
6.10% |
19 |
Site
|
Corp |
|
NYSE:DRI (Darden Rest parent), Mkt Cap $13B, Rev $8B, credit/B3, 670 units, corp, NNN, + yearly increases, +term, ++ active |
Advance Auto
|
|
Roankoe |
|
VA |
|
Auto |
$3,120,000 |
5,300 |
|
$200 |
|
7.00% |
$0 |
|
7.00% |
13 |
Site
|
Corp |
|
NYSE: AAP, Mkt Cap $10B, Rev$9.7B, Credit BB+/Baa2, 4,100 stores, corporate backed, adaptive reuse footprint, NN&NNN, increases vary |
Starbucks
|
|
Seattle |
|
WA |
|
QSR |
$2,400,000 |
2,200 |
|
$1,140 |
|
5.10% |
$0 |
|
5.10% |
9 |
Site
|
Corp |
|
NASDAQ:SBUX Mkt Cap $98B, Rev $5B,Credit A-/A2, 28,218 units, corp, invest grade, adaptive use, NN, increases, + locations, +++ active |
Best Buy
|
|
South Richfield |
|
MN |
|
BigB |
$6,000,000 |
51,900 |
|
$190 |
|
8.00% |
$0 |
|
8.00% |
8 |
Site
|
Corp |
|
NYSE:BBY, Mkt Cap $20B, Rev $8.5B,Credit BBB-/Baa1, 1,026 stores, stock+, some SF downsize, + brand, + locations, + cap, some increases |
O'Reilly Auto
|
|
Springfield |
|
MO |
|
Auto |
$2,320,000 |
7,100 |
|
$260 |
|
5.60% |
$0 |
|
5.60% |
13 |
Site
|
Corp |
|
NASDAQ:ORL, Mkt Cap $33B, Rev $10B, credit BBB+/Baa1, invest grade, 4,712 stores, corp, + reuse, fee/GL, NN/NNN, increases, + active |
CVS
|
|
Woonsocket |
|
RI |
|
Pharm |
$4,500,000 |
9,000 |
|
$350 |
|
5.80% |
$0 |
|
5.80% |
12 |
Site
|
Corp |
|
NYSE:CVS Mkt Cap $84B, Rev $265M, Credit BBB+/Baa1, 9,950 stores, invest grade, + brand, + locations, NN/NNN, fee/GL, ++ active |