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Friday, January 31, 2014

1380 W Auto Dr




 Listing 1380 W Auto Dr
Price:$1,600,000
Status:New

Free standing office building, with 7:1000 parking ratio. There is a small warehouse with grade level loading, heavy glass line and 7 T-1.


1380 W Auto Dr

McAllen-Edinburg 36+ acres




 Listing McAllen/Edinburg 36+/ acres
Price:$6,194,232
Status:New

Tract is located on NWC of a Signalized Intersection, within City of McAllen (ETJ). City Limits reach center of Hwy 107. Hard Corner of tract is in the final stages of plat approval.


McAllen-Edinburg 36+ acres

In-Fill at Osborn




 Listing In-Fill at Osborn
Price:$2,004,000
Status:New

Value Add Opportunity in Redeveloping Central Phoenix Area.


In-Fill at Osborn

5877 Pine Avenue




 Listing 5877 Pine Avenue
Price:$2,511,000
Status:New

• Extremely rare opportunity to acquire a newly built free standing medical office/office building that is already divided into 2(two) individual condo units at a price significantly below estimated condo sales prices.

• Excellent investment opportunity already separated units present an investor with the opportunity to sell the units to owner/users at a premium which will increase returns.

• By selling off units to owner/users an investor will generate Leveraged IRR of 16.98%.

• Priced at $2,511,000 which is significantly below the estimated replacement cost of $4,099,000 ($280 PSF)


5877 Pine Avenue

Industrial Warehouse




 Listing Industrial Warehouse
Price:$2,100,000
Status:New

Industrial Warehouse

96 Kercheval Avenue




 Listing 96 Kercheval Avenue
Price:$1,950,000
Status:New

Excellent opportunity to own/occupy a trophy property located on “The Hill.” Beautifully maintained office/retail space. Owner can finish to suit.


Second floor has been completely remodeled into spectacular office space. First floor has open floor plate.


96 Kercheval Avenue

22430-22522 E Nine Mile Rd




 Listing 22430-22522 E Nine Mile Rd
Price:$1,250,000
Status:New

1.6 Acre prime development site with 442′ frontage on Nine Mile Road. Average Daily Traffic (ADT) count is 15,424.


9,342 sq. ft. office/medical/retail building also included.


22430-22522 E Nine Mile Rd

20902 Mack Avenue




 Listing 20902 Mack Avenue
Price:$1,200,000
Status:New

High image beautiful office building in the heart of Grosse Pointe Woods.


20902 Mack Avenue

23200-23208 Greater Mack




 Listing 23200-23208 Greater Mack
Price:$1,200,000
Status:New

16,000 sf of retail space currently divided into 9,000 sf and 7,000 sf. Second level features 3,000 of additional retail/office. 13,000 sf of warehouse space is on the 3rd level which is serviced by a freight elevator. A passenger elevator services all three floors.


23200-23208 Greater Mack

Paradise Place




 Listing Paradise Place
Price:$1,850,000
Status:New

This investment is an unanchored strip shopping center located south of Bell Road which is a major retail corridor. The property has very stable tenancy, with businesses that have been in occupancy for an average of 6 years. The property is currently 92% occupied, and has a new roof and updated low energy lighting.


Paradise Place

Dana Point Executive Compound




 Listing Dana Point Executive Compound
Price:$3,950,000
Status:New

Finest executive Compound with full Cal Coastal Commission approvals (verified) and Dana Point approvals from LaJolla to Malibu. Unobstructed 180 degree views. All environmental approvals granted. Grading Permits, wall permits, landscaping permits included in price, issued as part of closing. Start construction immediately. Full architectural freedom on building design.


Dana Point Executive Compound

Fitness 19




 Listing Fitness 19
Price:$1,300,000
Status:New

* 100% NNN leased to Fitness 19, one of America’ s favorite fitness centers with over 223 locations in 26 states

* Lease is guaranteed by F-19 Holdings, an entity owned by one of the founders of Fitness 19 who operates 25 clubs (17% of all Fitness 19 clubs)

* 100% return of investment within primary term of the lease

* Single-tenant, NNN lease; limited landlord obligations, perfect for passive out of-town, or coupon clipper investors

* Fitness 19 is on a brand new long-term, ten (10) year lease with two (2) five (5) year fair market rent options

* Next rental increase is nearly 10%

* Leasehold ownership permits 100% depreciation, enhancing after-tax cash flow

* Buyer should realize 100% return of investment within 10 years

* High unleveraged IRR of over 14%

* Tenant also reimburses management fee (not modeled) further enhancing yield to owners who self-manage


Full offering memorandum at www.matthewsretailgroup.com


Fitness 19

5200 Elm Springs Road Retail




 Listing 5200 Elm Springs Road Retail
Price:$1,650,000
Status:New

5 acres on SWC of Elm Springs and Oak Grove; Walmart Supercenter of 185,000 will be breaking ground 2014; Great Corner for Restaurant, Retail, C-Store!


5200 Elm Springs Road Retail

Jack in the Box Corporate NNN Lease




 Listing Jack in the Box Corporate NNN Lease
Price:$1,900,000
Status:New

The subject offering consists of a single tenant, free-standing Jack in the Box restaurant with drive-thru in the city of Fresno, California. The property has a newer 10-year Absolute Triple Net (NNN) Lease with over 7-years remaining on the initial term and Two 5-Year options to extend the lease at fair market rental rates. This Corporate Guaranteed lease has a built in Consumer Price Index (CPI) Rental Increases scheduled in August 2016 at an amount not to exceed 12%. The subject property is an established location that was originally constructed in 1984 and they have operated out of this location for more than 30 years. The current lease in place was executed in August 1993, and in August 2011, the Tenant agreed to amend and extend the lease for an additional 10-years plus to two additional extension periods of five-years each. ** FOR MORE INFORMATION PLEASE CONTACT THE AGENT **


Jack in the Box Corporate NNN Lease

Metro Business Park




 Listing Metro Business Park
Price:$2,400,000
Status:New

Metro Business Park

Thursday, January 30, 2014

SS Adam Lofts




 Listing SS Adam Lofts
Price:$3,150,000
Status:New

SS Adam Lofts

Children of America




 Listing Children of America
Price:$2,600,000
Status:New

is pleased to present Children of America a single-tenant net-leased investment opportunity in Powell, Ohio. This 10,482-square foot child care facility is located at 7560 Saw Mill Parkway, the major commercial thoroughfare in Powell. This school is licensed to serve 186 children. Children of America operate 60 schools in 12 states and have never closed a school. Children of America employs a disciplined, data driven site selection process, targeting only high income markets with high growth and population demographics.

Investors have found child care facilities to be reliable long term performers and a trouble free way to invest in a $33 billion dollar industry that cannot be outsourced. Child care is transforming from a fragmented business dominated by mom and pop providers to professional providers offering best practices for safety, early childhood education and nutrition. The new centers are state of the art facilities that provide a stimulating and welcoming environment for families.

Care.com reports that the United States average suggests for one toddler in weekly full-time day care, the cost is approximately $600.00 per month. That figure can rise to well over $1000.00 per month in major metro areas.

This is the right asset, with the right industry in the right location.


Children of America

Rocky Ridge




 Listing Rocky Ridge
Price:$5,000,000
Status:New

The Rocky Ridge Farms, owned by Diamond Peak Properties, LLC is a unique and beautiful piece of Property located North of Fort Collins, Colorado on the south side of W. County Road 60. It overlooks Rocky Ridge Lake/Reservoir #1, Reservoir #3, and the Front Range of Northern Colorado.


The views south and south west from this “High Ground” Farm overlook the lakes, and the Mountainous backdrops, and are “Phenomenal.” The views alone would sell residence lots or Estate acreages.


If subdivided and developed, this property will be highly sought after for higher end homes and Residential Estate Properties in the Northern Colorado Area.


The Property is currently leased to a Private Hunting Club.


Rocky Ridge

Virginia Apartments




 Listing Virginia Apartments
Price:$1,375,000
Status:New

This property presents a great opportunity for a new or seasoned investor to have immediate cash flow with significant upside. The property boasts a rare unit mix of eight two bedroom two bath units. Each unit has been upgraded throughout including dual pane windows, and updated kitchens and bathrooms. The property has been meticulously maintained with recent improvementsincludingnewpaintand landscaping. The property has a storage shop next to the carport which is perfect for extra rental income or for storing supplies.


The property has a history to little or no vacancies and currently is fully occupied. The property is separate for PG&E and there is onsite laundry which adds additional income each month. Many units are below market in rent, meaning an investor can come in and raise many rents 10% or more and achieve even greater cash flow.


List of Upgrades:


Building:

Handrails

Wall protection Posts

Dual Pane Windows

Fresh Paint


All Units:

New Refrigerators


Units #1 & #4:

Kitchens and Bathrooms:

/ / New Cabinets

/ /Granite Counter Tops

/ / New Tubs


Unit #2:

New Tile Floor


Unit #8:

New Laminate Floor


Virginia Apartments

Lacey Lane Apartments




 Listing Lacey Lane Apartments
Price:$1,195,000
Status:Pending

The subject property is located in Concord, CA. Shopping,restaurants,golfcourses, entertainment, schools and public transportation are in close proximity. Highway’s 680 and 242 are minutes away allowing easy access for those commuting to the major employment centers of Oakland and San Francisco. The city of Concord is the largest city in Contra Costa County and has a balanced development of affordable housing, schools, shopping centers and recreational activities making this a tremendous long term investment opportunity.


Tenants pay rent on time, and are easy to deal with. Vacancy rates are incredibly low due to the proximity to Monument Blvd and Cambridge Elementary School. The property boasts ample covered and uncovered parking. Most units have updated kitchens with new cabinets, granite counter tops, and tile floors. Most two bedroom units in the area go for at least $1,200 per month, giving this property significant rental upside.


Lacey Lane Apartments

Car Wash Lube and Tune




 Listing Car Wash Lube and Tune
Price:$1,950,000
Status:New

The Car Wash with Lube and Tune is a flex car wash (both full and self-service) that includes a 3,600 square foot auto repair facility. The property was constructed in 1998 and recently had $500,000 in all new automatic car wash equipment installed. The entire property is situated on a lot totaling about 30,000 square feet.


The current owner recently took over the business portion of the car wash and auto repair facility and has begun to re-market the property. The previous business owner operated the business for three years and was unable to exercise the option to purchase the business. The owner has decided to sell both the real estate and the business.


The car wash facility includes a 95 foot tunnel and totals about 2,200 square feet. In addition, there is a customer waiting area and three offices that total about 3,000 square feet. Above the customer lounge there is a second story which includes four offices, a kitchen and a full bathroom including a shower for a total of 1,200 square feet.


Car Wash Lube and Tune

VNC Veterinary Nuerological Center




 Listing VNC Veterinary Nuerological Center
Price:$1,800,000
Status:New

Former Veterinary Neurological Center (Branch of a Phoenix Operation)

Health forces sale of first class Medical facility. Previously supported CT/MRI/XRAY diagnosis and surgery. Very well thought out design specially designed & equipped for Medical treatment of animals However easily converted to a multitude of other Medical Services.


Great Convenient Location just off US-95 at N Rainbow Blvd , Gateway to growing Northwest Marketplace.


VNC Veterinary Nuerological Center

CVS | Non-Recourse Debt in Place | 7.90% Cash-on-Cash Return




 Listing CVS | Non-Recourse Debt in Place | 7.90% Cash-on-Cash Return
Price:$4,200,000
Status:New

On behalf of the ownership, is pleased to exclusively offer for sale a fee simple interest in this CVS Pharmacy located in Pleasant Valley, Alabama. The subject location has over 19 years remaining on a double net lease with attractive rental increases in the option periods. There is assumable non-recourse debt in place which must be assumed. At the offering price, provides a purchaser an attractive 7.90% cash-on-cash return. In March 2015, the debt begins to amortize on a 30 year schedule on which will reduce an

investors yield, however, the 4.76% interest rate is a fixed rate on par with today’s rates and allows a buyer assume the loan and not incur interest rate right during the transaction.


Potential purchasers will also notice that the price point of this location is lower than most drug stores available today. To the investors benefit, this store was constructed in 2001 before the significant appreciation in land costs and construction costs which drove up rental rates in the late 2000′s. Due to the tenant’s low cost of occupancy and the store sales of this location, the tenant opted to restructure the lease and provide for a new 20-year term.


CVS | Non-Recourse Debt in Place | 7.90% Cash-on-Cash Return

A PERFORMING PORTFOLIO OF SINGLE FAMILY HOMES AND TOWNHOMES




 Listing A PERFORMING PORTFOLIO OF SINGLE FAMILY HOMES AND TOWNHOMES
Price:$3,500,000
Status:New

We are pleased to present for sale a 25 home rental investment package located in the Las Vegas Valley. Completed between 1999 and 2007, these homes immediate offer cash flow as well as appreciation potential. In addi-tion, due to the relatively recent construction, we anticipate little maintenance and minimal capex. Serious investors under-stand the difficulty in assembling portfolios that are large enough to offer economies of scale in ownership. This portfolio offers qualified investors an efficient method of acquisition vs. one-off purchases and is ideal for those seeking solid returns on housing stock targeted for the typical rental household for Las Vegas residents.


Many single family/townhome portfolios being offered today are of homes of an older vintage, often with deferred mainte-nance, obscuring what a true cap rate might be. This offering is a blend of newer properties with an average build date of 2005.


A PERFORMING PORTFOLIO OF SINGLE FAMILY HOMES AND TOWNHOMES

Wednesday, January 29, 2014

RaceTrac (dba RaceWay)




 Listing RaceTrac (dba RaceWay)
Price:$2,800,000
Status:New

The subject property is a single-tenant, freestanding RaceWay gas station and convenience store, a brand of RaceTrac Petroleum, Inc. It has direct street frontage along U.S. Highway 49, a heavily trafficked commercial retail corridor with an average daily traffic count in excess of 48,733 vehicles per day. The property is located next to the Gulport-Biloxi International Airport and three miles northeast of Gulfport’s central business district. The subject property has a new, 15-year absolute NNN lease with 7.50% rent increases every five years. There are seven, five-year renewal options each with 7.50% rent increases. The lease will have a corporate guarantee from RaceTrac Petroleum, Inc. which has annual sales of $9 billion. There are no landlord maintenance responsibilities.


RaceTrac (dba RaceWay)

Ashley Furniture HomeStore




 Listing Ashley Furniture HomeStore
Price:$4,761,517
Status:New

Top furniture retailer. Tenant (The Dufresne Spencer Grou) owns multiple Ashley stores, warehouses, etc. and is #61 on Furniture Today’s Top 100 furniture retailers.


Ashley Furniture HomeStore

Wells Fargo | 12+ Yrs Remain on Ground Lease | 12% Bumps Every 5 Yrs




 Listing Wells Fargo | 12+ Yrs Remain on Ground Lease | 12% Bumps Every 5 Yrs
Price:$6,272,000
Status:New

On behalf of ownership, is pleased to exclusively offer for sale this ground leased Wells Fargo bank branch located in the Washington DC suburb of Bowie, Maryland. In 2006, Wells Fargo, at its cost and expense constructed this attractive 4,000 SF branch with three drive thru’s and is situated upon a 0.67 acre parcel of land. The lease has approximately 12+ years of lease term remaining and attractive 12% rental increases every five years in the base term and options. Wells Fargo is “A+” rated by Standard & Poor’s which is Investment Grade. This location is exceptionally well located in the commercial hub of Bowie, immediately across from Bowie Town Center and fronting a 96% leased, 129,969 SF class “A” office building. The site is conveniently positioned at a signalized intersection on the North side entrance of the Bowie Town Center with fluid ingress and egress. The Bowie Town Center is the largest retail development

in the Bowie market and is comprised of over 500,000 square feet of retail stores anchored by Macy’s, Sears, and Best Buy. The site’s qualities have allowed the tenant’s deposits to trend upwards for the past 3 years. Bowie, located equidistant to Annapolis, Maryland and the District of Columbia, is an affluent area with household income levels over $100,000. This particular corridor thrives, as nearby Route 50 allows shoppers from a wide trade radius to reach the site in a short drive time. The complimenting commercial and retail uses surrounding this location allowed the ownership to also attract TD Bank to the opposing corner, without having a financial institution imposed by on the other pads. Factually, no other freestanding, full access developable bank pad site presently exists in the Bowie submarket, making this location invaluable.


Wells Fargo | 12+ Yrs Remain on Ground Lease | 12% Bumps Every 5 Yrs

Manufacturing Facility




 Listing Manufacturing Facility
Price:$1,999,990
Status:New

Manufacturing distribution facility. Office, production, warehouse and refrigerated areas (compressor will need upgraded). Property has potential for a user or an investor. Overhead crane. City water with add’l wells on site & county sewer system. Fully fenced. Owner just added 2 new truck docks of 48″ and 52″. Space also available for lease at $3.95 per sq.ft.


Manufacturing Facility

Fresh & Easy




 Listing Fresh & Easy
Price:$5,225,000
Status:New

The property consists of a fee simple, absolute NNN ground lease of Fresh & Easy Neighborhood Market with 14+ years remaining and 5 5 yr. options. The initial Lease term offers 10% increases every 5 Years, the first option has a 21% rent bump with the remaining options having 10% rent bumps as well. The Lease has recently been affirmed by Y-Opco LLC, a subsidary of Yucaipa Companies, which recently purchased the Fresh & Easy brand from Tesco. The Yucaipa Companies, LLC is a Los Angeles-based holding company, focusing on private equity investments. The firm was founded in 1986 by its billionaire chairman, Ronald Burkle. In September 2013, The Yucaipa Companies acquired British retailer Tesco’ s Fresh & Easy chain after five years in the U.S. market. Yucaipa plans to build Fresh & Easy into a healthy convenient food experience, providing busy consumers with more local and healthy access for their daily needs. Fresh & Easy’ s existing infrastructure offers a tremendous foundation from which to build even stronger capabilities to provide the highest level of freshness and convenience available.


Fresh & Easy

3434 N Monroe




 Listing 3434 N Monroe
Price:$2,500,000
Status:New

This beautiful Church Facility was built and remodeled in 2006. The Sanctuary seats well over 500, probably closer to 700, if needed. “Turn Key” Ready for Services. The Church Facility comes with “All the Bells & Whistles.” High efficiency HVAC’s, major sound and video equipment, digital markee sign, and the Fellowship Hall and Sanctuary are wired together for live and sound feed. Sanctuary, Fellowhip Hall, commercial kitchen, classrooms, offices, conference rooms, lobby, nursery and baptismal. Plenty of parking and room for expansion.


3434 N Monroe

Sterling Apartment Homes




 Listing Sterling Apartment Homes
Price:$3,700,000
Status:New

Price Reduction! Like New Construction!


The subject properties located at 3214 & 3132 Tidwell Road are two apartment buildings consisting of 64 units combined. The properties were completely gutted and rehabbed in 2012; all features were replaced except the exterior walls. It occupies 58,370 square feet of land. The improvements have a gross building area of 46,688 square feet. The properties are not subject to rent stabilization statues, which allows the property owner to raise rents to market as turnover occurs.


The buildings are both low-rise two story structures with controlled access parking and 24-hour, secure laundry facilities. The units are separately metered for water, electricity and gas. The buildings’ unit mix include 23 well-designed one bedroom / one bathroom units and 13 two bedroom / one bathroom units. All units have spacious living areas, bedrooms and full kitchens with granite counter tops.


Sterling Apartment Homes

336 E College Ave




 Listing 336 E College Ave
Price:$1,400,000
Status:New

336 E College Ave

Calvary Church




 Listing Calvary Church
Price:$1,450,000
Status:New

Currently a fully equipped operating church


Calvary Church

Shops at Colfax & Kipling




 Listing Shops at Colfax & Kipling
Price:$3,500,000
Status:New

is pleased to present for sale the Shops at Colfax & Kipling, a popular retail shopping center offering a new owner very high returns on below market rents. The center consists of 3 buildings and is anchored by Disguises, one of the largest costume stores in the Country, on a long-term lease. With excellent signage along both Colfax Ave and Kipling St, the property has maintained a strong history of high occupancy and also includes a potential pad site available for future development.


Shops at Colfax & Kipling

Old Fire Station No. 3




 Listing Old Fire Station No. 3
Price:$2,100,000
Status:New

Old Fire Station No. 3

The O"Reilly Building (2-tenant building)




 Listing The O’Reilly Building (2-tenant building)
Price:$2,250,000
Status:New

* 8.5 years remaining on the O’Reilly Auto (CSK Auto, Inc.) absolute triple net lease.

* 10% increases every 5-years including the 2 five year options to renew.

* Value Add Investment or Owner User.

* High street visibility, street pylon sign, 4 curb cuts, easy in/out, plenty of parking.

* Brand new roof completed and paid for by O’Reilly in November 2013.


The O"Reilly Building (2-tenant building)

Monday, January 27, 2014

MERCURYLIGHT GASTATION




 Listing MERCURYLIGHT GASTATION
Price:$3,500,000
Status:New

Convenience Store with Gas Pumps, Automated Car Wash with final touch with professional car washer attend. One of the kind “DOG Wash” , you can wash or watch your dog get shampoo and hair dryer.


MERCURYLIGHT GASTATION

Recording Studio GRP Studios




 Listing Recording Studio GRP Studios
Price:$1,195,000
Status:New

Office


Recording Studio GRP Studios

Downtown Kissimmee-Multifamily-100% Occupied




 Listing Downtown Kissimmee-Multifamily/100% Occupied
Price:$1,199,000
Status:New

Apartments


Downtown Kissimmee-Multifamily-100% Occupied

187.43+ Acres Vacant Land "Willow Trail"




 Listing 187.43+ Acres Vacant Land “Willow Trail”
Price:$10,450,000
Status:New

Multi-Family,Single-Family


187.43+ Acres Vacant Land "Willow Trail"

US1 Office-Retail Frontage




 Listing US1 Office/Retail Frontage
Price:$1,600,000
Status:New

Office,Retail,Restaurant,Institutional,Medical,Miscellaneous


US1 Office-Retail Frontage

Altamonte Springs Medical Building For Sale




 Listing Altamonte Springs Medical Building For Sale
Price:$5,150,000
Status:New

Office,Medical


Altamonte Springs Medical Building For Sale

Lake Mary Office Building For Sale




 Listing Lake Mary Office Building For Sale
Price:$3,100,000
Status:New

Office


Lake Mary Office Building For Sale

West Orange Highway Frontage




 Listing West Orange Highway Frontage
Price:$1,750,000
Status:New

General,Hospitality,Office,Retail,Restaurant,Medical,Mixed Use


West Orange Highway Frontage

Viera Blvd. and Murrell Road




 Listing Viera Blvd. and Murrell Road
Price:$3,345,400
Status:New

Office,Retail,Medical,Mixed Use


Viera Blvd. and Murrell Road

Boulder Highway Frontage




 Listing Boulder Highway Frontage
Price:$1,050,000
Status:New

Property consist of two parcels totaling approximately 2.98 acres. Properties are zoned for Community Mixed Use. Incredible Boulder Highway Frontage. Owner Licensee.


Boulder Highway Frontage

Saturday, January 25, 2014

816 Pickens Industrial




 Listing 816 Pickens Industrial
Price:$1,350,000
Status:New

This freestanding 15,000 square foot industrial property on 2.57 acres is a great opportunity to owner occupy for flex officeindustrial, light manufacturing or distribution use. The masonry and steel construction includes 5,000 SF of excellent office space with lobby and separately metered suites for two businesses. The 10,000 SF column free warehouse has additional mezzanine storage, not included in the building measurement. The 22’ clear height warehouse is served by an oversized drive-in door and four dock high doors with one half acre+ of fenced and graveled outdoor storage (125’+ deep x 180+ wide) at the rear. Utility services include 400 amp 3 phase electrical and sewer. The property is not subject to any owner association dues.


816 Pickens Industrial

14 APARTMENT UNITS FOR SALE 21867




 Listing 14 APARTMENT UNITS FOR SALE 21867
Price:$2,200,000
Status:New

Current building is a clean, 2 story, c-shaped, cbs concrete structure surrounding a free-form pool and large courtyard. There is approximately 80 feet of frontage on a scenic Intracoastal canal leading to the Intracoastal waterway 1000 feet away. The units have a direct or oblique view of the waterway. There are undercover exterior stairs and walkways. Parking is exterior off-street. The units are currently rented. FOR ADDITIONAL INFORMATION CONTACT RICHARD HARVEY AT.


14 APARTMENT UNITS FOR SALE 21867

Walgreens | 20+ Yrs Remain | Relocation Store




 Listing Walgreens | 20+ Yrs Remain | Relocation Store
Price:$9,652,174
Status:New

On behalf of the ownership, is pleased to exclusively offer for sale this fee simple Walgreens located in historic Chestertown, Maryland. The subject location opened in 2009 as the tenant elected to relocate from an a Happy Harry’s store less than a mile away with strong sales volumes. Subsequently, Walgreens completed a build to suit and executed a 25 year lease, which today has over 20 years of term remaining. The fact that Walgreens relocated to this corner should provide the investor additional comfort that the chain will operate here long term.


Potential investors will immediately notice the extensive architectural upgrades to this 14,952 SF store. This is not your typical Walgreens building as even the landscaping and front entry area was modified to beautify this site’s appearance. Chestertown is a charming historic town, and one that is highly regulates new development providing inherent barriers to entry. The town’s historic charm makes it challenging for national retailers to build their prototype box since the Town is very active in the design and “look” of any new structure. Notably, Walgreens conformed to the town’s stringent historical standards as it knew that this was the busiest intersection in the greater Kent and Queen Anne’s community. Residents and second home owners frequent this intersection since it’s the epicenter of retail for a 10 mile radius. Additionally, the relocation of this store allowed Walgreens to out-position Rite Aid which had an undersized, non drive-thru

inline store in the Kent Plaza (immediately behind it). Walgreens also knew that over 1,000 undergraduates spend 9 months of the year at Washington College, immediately across the street, were unreported on the demographic reports. All in all, while Chestertown remains a historic small town on Maryland’s eastern shore, the combination of the pre-existing customer base, and strength of this 1.30 acre parcel corner at the town’s “busiest” corner, and large base of retiree’s gave the tenant the foresight to proceed with this location.


Walgreens | 20+ Yrs Remain | Relocation Store

The Goddard School | 3% Annual Increases | NN Lease




 Listing The Goddard School | 3% Annual Increases | NN Lease
Price:$2,083,150
Status:New

is pleased to present for sale a Goddard School located at 35 Magothy Beach Road in Pasadena, Maryland. The property was developed back in 1997 and has been a successful operation for Goddard ever since. The building consists of 7,715 square feet with a parcel size of 1.03 acres. The lease contains rare 3% annual increases and is a double-net lease structure with the landlord only being responsible for roof and structure. The property is listed for sale at $2,083,150 or a 8% capitalization rate.


The business at this location was recently purchased by a local operator looking to continue the success that this location has provided. The new operator signed an amendment which extends the lease until 2/31/2020. In return for the extension the landlord put $100,000 of improvements into the exterior of the building.


The surrounding area offers the demographics that fit with the criteria of making a Goddard School successful. The average household income in the 3-mile ring is $107,000 and is $111,000 in the 5-mile ring. In addition to having good discretionary income levels, the population is dense with over 57,000 in the 3-mile ring and 119,000 in the 5-mile ring. These demographics provide both the density and income levels to meet the criteria for a successful Goddard School.


The Goddard School offers year-round programs for children from six weeks to six years old including after-school enrichment and summer programs. The company has ranked #1 by Entrepreneur Magazine for ten consecutive years and was recently ranked within the top 100 for franchise opportunities. The lease is backed by a personal guarantee of

the franchisee.


The Goddard School | 3% Annual Increases | NN Lease