Acquisitions

Property Type:

Occupied Single Tenant Net Leased Properties

Class (Quality/ Appearance/ Grade):

Class A & B – Preferred Investment Grade Credit;
Non-Investment grade considered

Transaction Size:

$500,000 – 3.75M (will consider larger portfolio sales)

Remaining Term:

5+ years remaining of lease term

Acquisition Cap Rate:

5%+

Location (by State):

Primary: TX, AZ, NV, WA, WY, TN, GA, FL, SC, NC, VA, NH
Secondary: CO, OK, UT, ID, OR, IN, AL, SD
Tertiary: NM, KS, MT, MN, IA, WI, MI, OH, PA, MS, LA, AR, VT

Lease Type (NNN vs NN):

Strongly prefer NNN; select NN properties will be considered

Single / Portfolio Sale:

Single Tenant preferred; select portfolios will be considered

Year Built:

1995 / 2005 (Renovated)

Acquisition Structures:

All-cash or financing

Rent Escalations:

Regular rental increases preferred; will consider fix rental structures