Net Lease Report

net lease m&m listings/closings ยท week of February 16, 2024

Retail Report
Net Lease Report

Auto Parts

ListingsCityStateYearSq FtPriceCap
Cobblestone Carwash Northglenn CO 2022 6,572 $5,900,000 6.25%
Mighty Wash Car Wash Lubbock TX 2014 6,610 $4,054,000 6.50%
Take 5 Oil Change Frisco TX 2020 1,400 $1,350,000 6.15%

Convenience

ListingsCityStateYearSq FtPriceCap
BP Rahway NJ 1969 1,896 $3,807,000 6.50%
Circle K Flowery Branch GA 2024 5,200 $6,709,000 6.35%
Wawa Fairhope AL 2024 6,119 $4,700,000 4.85%
Wawa Chester Springs PA 2019 5,585 $5,211,650 5.15%

Discount

ListingsCityStateYearSq FtPriceCap
Dollar General Chatsworth GA 2024 10,640 $1,975,000 6.50%
Dollar General Chaffee MO 2024 12,668 $2,116,000 6.80%
Dollar General Canton NC 2024 12,687 $2,525,000 6.60%
Dollar General Spring Grove PA 2016 9,100 $1,372,000 7.50%

Drug

ListingsCityStateYearSq FtPriceCap
Walgreens Tallahassee FL 1983 16,215 $5,685,000 6.00%
Walgreens Raymore MO 2007 14,500 $4,696,000 7.10%

Restaurants

ListingsCityStateYearSq FtPriceCap
Chipotle Muskegon MI 2022 2,325 $2,019,000 5.70%
Crossroads Tavern North Las Vegas NV 2024 5,000 $4,090,909 5.50%
Dairy Queen Hiram GA 2000 3,589 $2,415,000 6.15%
Denny's Merritt Island FL 1971 5,419 $1,586,924 6.50%
Domino's Saint Michael MN 1950 2,396 $515,000 6.49%
Starbucks Bennington VT 2024 2,400 $2,933,333 6.00%
ClosingsCityStateYearSq FtPriceCap
Burger King Buckeye AZ 2018 3,237 $1,600,000 5.50%
Long John Silver's North Richland Hills TX 1988 23,100 $1,139,328 6.25%