ANNOUNCEMENT: REF ADVISORY INC is pleased to announce the completion of $259 Million in Sale-Leaseback Transactions for Rite Aid from Jul 2020-Dec 2021, with many more completed/expected in 2023. Included in that amount are 4 large distribution centers in CA and MD totaling 2,375,000 SF and 34 retail stores. Currently offering a portfolio of 20 stores.
RECENT TRANSACTIONS
ZIPS CAR WASH IN CORNELIA, GA - ABSOLUTE NNN LEASE (SOLD)
155 Finis Springs Dr: $4,167,000 at 6.00% CAP and 17.75 Yrs Remaining
1.5% Annual Rent Increases ~ Six 5-Year Options
RITE AID IN MILLVILLE, NJ - ABSOLUTE NNN LEASE (SOLD)
907 N High St: $3,267,000 at 6.25% CAP and 9.4 Yrs Remaining
Excellent Performing Store in Ideal Location, Opportunity Zone
ZIPS CAR WASH IN SPRINGDALE, AR - ABSOLUTE NNN LEASE (SOLD)
6600 W SUNSET AVE: $4,428,000 at 7.00% CAP and 20 Yrs Remaining
1.5% Annual Rent Increases
ZIPS CAR WASH IN GREENVILLE, SC - ABSOLUTE NNN LEASE (SOLD)
Woodruff Rd: $3,900,000 at 6.92% CAP and 18 Yrs Remaining
Rite Aid NNN LEASE (SOLD)
Virginia Beach, VA: $3,945,000 - 8.00% CAP Rate and 6+ Years on Lease
RITE AID IN CHESAPEAKE, VA - NET LEASE (SOLD)
VOLVO PKWY: $1,874,058 at 8.50% CAP and 4.5 Yrs Remaining
SHOPPING CENTER (SOLD)
Mechanicsville, VA: Ideal Location - On Mechanicsville Trpk and Just off I-295
ZIPS CAR WASH NNN - 2 Locations (SOLD)
KNOXVILLE, TN: 18+ Years on NNN Lease and 1.5% Annual Rent Increases
RITE AID NET LEASED PROPERTY (SOLD)
Richmond (Lakeside), VA #4888 - 1 Year Remains on NN Lease
TRACTOR SUPPLY COMPANY (SOLD)
Louisa, VA (Richmond MSA): SOLD 12+ Years Remain on NN Lease with 10% Rent increases Every 5 Years
PATIENT FIRST URGENT CARE PROPERTY (SOLD)
Washington DC MSA: $8,600,000 6.0% Cap Rate -18 Years Remain on NNN Lease
2016-2017 Transactions
Rite Aid: We have closed on 24 Rite Aid property sales with an aggregate value of approximately $92 Million. In addition, Blend and Extend Lease Extensions were negotiated and completed on 14 Rite Aid properties for 3 different owners.
Patient First: 2 Patient First Sale-Leaseback transactions were completed with an approximate value of $5.5 Million.
1031 Tax-Free Exchanges, Sales and Acquisitions: We assisted several investors in completing 6 sales and acquisitions to satisfy tax-free exchanges, with retail properties such as Dollar General, Patient First, Tractor Supply Company, and CarMax which aggregated approximately $31 Million.
2015 Transactions
Rite Aid: In 2015, we have closed on 23 Rite Aid property sales with an aggregate value of approximately $100 Million.
1031 Tax-Free Exchanges, Sales and Acquisitions: We assisted several investors in completing 8 sales and acquisitions to satisfy tax-free exchanges, which aggregated approximately $35 Million