Archive for Cap Rate

May
14

Calkain: NNN Casual Dining Cap Rates Declining

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Over the past two years we have seen substantial cap rate compression in the casual dining restaurant subsector. In past years, this sector was typically marked by higher cap rates than the overall net lease retail market – this trend has somewhat abated. The recession hit casual dining hard as many customers cut budgets back and dining out was an easy sacrifice. The lack of net lease product on the market along with a return of economic stability has increased this sector’s desirability. Link to REPORT HERE

Categories : National News
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Jun
27

O’Reilly Auto Parts store in Camden, S.C Sold

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HighBridge Properties, announced today that it has sold a net-leased, O’Reilly Auto Parts store in Camden, S.C., for $1.1 million. HighBridge represented the property’s developer and seller, A.L. Saad and Company, in the transaction.

Located along U.S. Route 1, the free-standing, single-tenant property was built in 2009. O’Reilly Auto Parts is operating the 6,600-square-foot property on a 20-year net lease in which it is responsible for property expenses and taxes. The property also features an ATM machine that is leased by AllSouth Credit Union. The buyer of each property was not identified. The capitalization rate for the Camden transaction (excluding the ATM machine) was 8.25%, while the North Charleston transaction was priced at a 7.65% cap rate.

Based in Springfield, Mo., O’Reilly Auto Parts is the second-largest auto-parts retailer in the United States, with 3,600 locations in 39 states. The publicly traded firm recorded $5.4 billion in sales during 2010.

Categories : Camden, Uncategorized
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