NNN Single Tenant Net Lease

We have chosen to target retail Single Tenant Net Lease (STNL) properties for a variety of reasons:


Stable Income - Single tenant net lease properties often come with long-term leases, which provide a stable and predictable rental income stream.

Reduced Management Responsibilities - In a net lease, the tenant is typically responsible for most or all of the property’s operating expenses, such as property taxes, insurance, and maintenance. This reduces the landlord’s responsibilities and operational costs.  
Lower Vacancy Risk - With a single tenant property, there's only one tenant to manage. Long-term leases with reputable tenants, such as national or well-known brands can lower the risk of vacancy and provide more stability (these can be corporate or franchisees).

Long-Term Tenants - Many single tenant net lease agreements are for 15 to 20 years at the outset, providing long-term stability and less frequent tenant turnover compared to most multi-tenant properties.
Predictable Returns - Because tenants handle many or all of the property expenses, the investor's returns are more predictable and less susceptible to fluctuations in operating costs and asset management issues.

Potential for Appreciation
- While the primary appeal is often the steady income, single tenant net lease properties can also appreciate in value from rent growth, as well as capitalization rate compression, particularly if the tenant is a high-quality, creditworthy company.


Potential STNL Acquisitions Categories

Chick-Fil-A

Chipotle

Dutch Bros Coffee

McDonald's

Starbucks

Taco Bell

Bank of America

Chase

Citibank

Fifth Third Bank

PNC Bank

US Bank

7-Eleven

Chevron

Circle K

Exxon

QuikTrip

Shell

Albertsons

Aldi

Grocery Outlet

Publix

Sprouts

Whole Foods

Advance Auto Parts

Caliber Collision

Firestone

Meineke Car Care Center

O'Reilly Auto Parts

Take 5 Oil Change




CVS

Market Street

Walgreens