Carnegie Wealth Management
Investment Real Estate Division
The Perfect “Bite Size” 1031 Replacement
Corporate Guaranty Lease.
Priced at an 8% CAP!
We’re offering a Corporate Guaranty Lease on a St. Louis Rally’s (Checker’s Drive-In Restaurants, Inc operates more than 815 Checker’s & Rally’s in 28 states). In addition to the Corporate Lease, this Rally’s has 17 Years Left on the initial term with 4, 5-year options. AND it’s got 7.5% Rent Bumps Every Five Years (beginning in 2012).
This 1,155 square foot store was built in 1993. Current rent is $69,000 and bumps to $74,175 starting 7-1-12. This is an Absolute Bondable NNN Lease (No Landlord obligations, Tenant pays all expenses, taxes etc.) priced at $862,500.
This Rally’s could be the Perfect Bite Size for a 1031 Exchange.
For more information on this Rally’s, or to discuss other opportunities, Please Call Me Today at
239-898-8918!
If you’ve got an interest in NNN Properties, let me know what you like & we’ll go and find it!
Steve Arnold
239-898-8918
carnegiewealthmanagement.com
- New 15 Year Net Lease with rent increases each option
- S&P Rated B+ with a Positive Outlook
- Corporate Guarantee (NYSE: DG)
- Great Location
Description:
The subject offering is a fee simple interest in a 100% net leased Dollar General. It is a 15 year lease along with (5) five-year renewal options with rental increases at year 11 and with each option period. This is a great opportunity for a passive investor looking for a long-term stable investment with NO Landlord responsibilities.
"Dollar General had another outstanding year in 2009. We are continuing to execute on our operating priorities with precision and discipline." said Rick Dreilling, chairman and chief executive officer. "We delivered strong same-store sales growth of 9.5% for the year on top of 9.0 percent same-store growth in 2008. We completed our second decade of consecutive annual same-store sales growth by providing our customers with value and convenience as we continue to improve our merchandise assortment and upgrade our in-store experience." Mr Dreiling concluded "We are confident that we have the right strategy in place to continue building our track record of profitable growth as we enter 2010."
Miami and Fort Myers
