National Net Lease Portfolio (Walgreens, Chase Bank, Mattress Firm, Advance Auto Parts) NNN Property For Sale · 35,080 SF
Exceptional opportunity to acquire a premier four-property single-tenant net lease portfolio situated across three of the nation's top four MSAs: Chicago, New York City, and Dallas-Fort Worth. The portfolio features prominent corporate retail tenants: Walgreens, Chase Bank (Ground Lease), Mattress Firm Supercenter, and Advance Auto Parts. Over 77% of the portfolio's net operating income is generated by investment-grade rated companies. All properties are strategically positioned within robust retail corridors in affluent trade areas boasting average household incomes exceeding $100,000. Includes assumable financing offering an initial cash-on-cash return of 6.45%. Must be purchased as a portfolio.
- Asking price $21.40M
- 5.46% cap rate
- NOI $1.17M
- 12 years remaining
- NNN lease
- Building size: 35,080 SF
- Lot size: 4.11 acres
- Rent increases: Varies by property: Chase features 12% every 5 years; Mattress Firm features 10% in Year 6 and each option; Advance Auto Parts features 5% in each option.
- Guarantor: Corporate
Asset type: Retail