Tag Archive: 7-eleven

Net Lease Retail Cap Rate Compression for First Quarter 2014

Cap rates fell 40 basis points and net lease retail product quality also falls in the first quarter of 2014. We’re thinking retail right about now as the national ICSC Global Retail Real Estate Convention is just around the corner running through May 18-20 and over 30,000 net lease retail professionals converge on Las Vegas….

1031 Exchange – Retail – Client Requirement $1.6 to $3.2 Million

IRS Section 1031 need for replacement property. Exchanger in day 4 of 45 day identification period from closing relinquished property looking for triple net retail or absolute net retail, $1.6 mil to $3.2 mil. Exchanger prefers California triple net commercial real estate for sale , but will consider out of state. Must be credit tenant,…

Client Need for Net Leased Retail – 1031 exchange – 45 Identification Period

IRS 1031 Exchanger in 45 Identification period looking for $3.5 to $5 million, national credit, preferably single tenant, NNN, triple net retail with at least seven unexpired years left on net lease.  Prefer absolute net.  No gas or 7 Eleven.  Fast food and fast casual fine if corporate lease or large franchise. Looking West Los…

IRS Section 1031 Exchange Basics

Since we’re getting into tax season, I’m getting more calls over the last few days regarding the basics of a 1031 delayed or reverse exchange so I thought it best to review some of the most important aspects of  a 1031. This allows investors to use all of the sale proceeds to leverage into more valuable…

Triple Net Retail Client Need in Santa Monica

1031 buyer in 45 day identification period.   Prefers single tenant. Must be S&P BBB- or better corporate lease, triple net retail.  Absolute net even better.  Prefers Santa Monica commercial real estate for sale, but Malibu, Brentwood, Beverly Hills, Westwood, Culver City commercial property for sale also fine.  Los Angeles west of the 405.  Might consider…

Single Tenant Triple Net Retail Investment Property Becoming More Available

As interest rates climb just a bit and cap rates are at what’s likely to be a cycle low, I’m seeing more new or newer developer owned, single tenant, triple net retail or absolute net, national credit, leased investment properties coming on the market.  The availability of construction funding and newly built property coming on…

Pricing Bubble Returns Again to Commercial Real Estate

In DLA Piper’s annual survey of the commercial real estate industry, 85 percent of senior executives at commercial real estate brokerages, REITs, etc., hold a bullish outlook for the remainder of 2013.  56 percent see a combination of low interest rates and a abundant debt and equity capital as a primary reason for their optimism. …

Triple Net Retail – Absolute Net Leased – 7 Eleven, Circle K, Turkey Hill Properties Needed

7-11

I continue to need  corporate leased, triple net retail c-stores such as 7-11, Circle K, Get Go (Giant Eagle) or Turkey Hill (Kroger).  Gas preferred on the triple net retail C-stores due to the accelerated cash recovery on the gas related equipment.  Single tenant only. S&P BBB or better. This mean investment grade guarantor on the…

Commercial Real Estate posted solid gains in 2012 as recovery spreads to more markets.

According to CoStar News, sales of commercial real estate in the United States reached $64 billion last year, which is the highest since 2004 and increased 22 percent from 2011. The price gains spread beyond multifamily into industrial, office and retail.  Even commercial land showed signs of awakening mostly due to demand for multifamily with…

Commercial Real Estate Pricing Growth Expands Into Secondary Markets

CoStar’s CCRSI index show strong pricing gains across all commercial real estate segments for September 2012.  Third quarter commercial real estate transactions closed with with strong pricing gains. CoStar’s two broadest indexes that measure aggregate pricing movement for commercial real estate properties, the CCRSI’s U.S. Value-Weighted Composite Index and the U.S. Equal-Weighted Composite Index, posted…

Net Leased Retail Deal Velocity Down

Walmart Market Center

What I have been experiencing over the last two or three quarters in regards to triple net or absolute net, single tenant retail seems to be reality according many in the industry, including Mark Heschmeyer of CoStar News. Where are all of the net leased retail opportunities?  There’s been strong activity over the last 18…

Triple Net Retail Properties for Sale

We all know that the single tenant, triple net, national credit, retail supply has been tight all year with cap rates falling to the 5 to 6% range.  I expect to see the supply side loosen up a bit as more triple net and absolute net leased, investment grade credit, corporate leased, retail properties come on…

Net Leased Retail Become Hotter Due to Low Yields on Alternative Investments

Single tenant, net leased retail has continued to gain strength as an asset class.  With an economy barely growing, one could wonder why is triple net and absolute net retail as strong as it is?  Given what else is available as a safe investment, it’s no wonder net leased retail is doing well.  Ten year government…

Retail Rents Projected to Rise in Select Cities in 2013

Retail Rents to Increase in 2013

Retail Traffic Magazine projects that Boston, Houston and Los Angeles will experience rent increases for class A retail space during 2013. In the United States, it’s projected that Boston, which has average class-A rents of $85 per sq. ft. to increase to $95 per sq. ft. in the second quarter of 2013.  Dallas class A…

Buyer Need for Triple Net / Absolute Net, Single Tenant Retail

Buyer need – Corporate leased triple net c-store such as 7-11, Circle K, Walgreens or CVS with 8 years or more unexpired absolute net lease for 1031 SoCal buyer. Gas or without gas is fine on the C-stores.  Single tenant only. S&P BBB or better. This mean investment grade guarantor on the lease. No franchisees. However, it must…

West Coast Commercial Real Estate Recovery Strengthens.

The recovery is spreading west, which had been a deeply affect region of the country by the residential housing collapsed combined with the deep recession. There has been a few technology and/or energy based markets in California and Texas that have done well over the last couple of years and that strength is broadening to…

NAR Commercial Real Estate Outlook for August 2012

The National Association of Realtors sums it up pretty well in the attached August 2012 Commercial Real Estate Outlook when they opine that the economy has gone on vacation.  That’s pretty much how I would describe it too.  True, the triple net or absolute net, single tenant, national investment grade credit tenant retail is still…

Commercial Real Estate Pricing Recovery Continues

Walmart Market Center

I’m not saying that we’re quite back to pre crash levels of pricing but we’re getting there.  Given the general malaise in the American economy with job growth, GDP growth and most other indicators, it’s surprising that the commercial real estate recovery has been as strong and broad based as it has. It didn’t start…

Growth Accelerates in Lower End of Commercial Market

commercial market for triple net retail

As prices get stupid for the product of choice –  the triple net or absolute net, S&P BBB or better, single tenant retail, it starts pulling up secondary  and tertiary markets and slightly weaker credit single tenant retail.  Multi tenant won’t be far behind.  We’re now in a broad based recovery that is pulling the…

Triple Net Retail Investors Looking at Class B Properties

7- Eleven, triple net retail property for sale

7I’ve been writing about this topic for most of the last 18 months.   There is very little supply out there of the triple net or absolute net, single tenant, national credit retail opportunities, and that is of course what everyone wants.  And what is available gets highly competitive and results in multiple offers and stupid…