Prime Net Lease

Prime Net Lease is a commercial investment real estate service firm specializing in single tenant net leased properties.

Headquartered in Irvine, California, the firm provides a full range of brokerage services nationwide to a substantial and diversified client base, which includes high net worth individuals, family trusts, developers, REITs, partnerships and institutional investment funds. Our primary focus is on net leased retail and restaurants, which are on a long term leases to well-established national or regi

onal brands. Many of these are publically traded or have rated debt. They are located across the United States in major metropolitan areas, as well as strategic secondary and tertiary markets. Compared to other types of real estate investments, these assets provide investors with the greatest potential to generate consistent and predictable income and the opportunity for appreciation. Over the last 16 years, Prime Net Lease advisors have been involved in nationwide transactions with the most recognizable brands in the industry. Our past transactions include fast food national brands such as Arby’s, KFC, Pizza Hut, Dairy Queen, Burger King, Wendy’s; sit down restaurants such as TGI Fridays, Marie Callender’s, Applebee’s; quick serve marts such as 7-Eleven, Circle-K and larger retail stores such as CVS Pharmacy, Walgreens and Shopko. Additionally we have been involved in a multitude of transaction with local and regional brands. Whether buying or selling, Prime Net Lease is a trusted and experienced partner in commercial and Net Leased real estate transactions.

01/30/2023

Just Listed!

Oak Street Health – Dayton, OH

The subject property is a net leased medical building situated on 1.36 acres along Wayne Avenue, a major thoroughfare that leads directly into downtown Dayton from interstate 675. The property’s location is considered part of the central business district of Dayton and less then 1/2 mile away from Miami Valley Hospital and 3 miles away fromDayton Children’s Hospital Humana.

Humana renovated the property in 2019 and signed a brand new, 10 year lease in February of 2020 The structure of the lease is a net leased basis with annual 2.00% rental escalators throughout the term of lease and during each of their two, five-year renewal options.

Humana Health (NYSE:HUM) is a publicly traded company and as of 2019 had over 20 million members in the United States and reported revenue in excess of 64 billion and had over 45,000 employees In 2019 Human Health bought a 100 million stake in Heal, a fast growing startup company that offers primary care house calls on demand to seniors on its Medicare Advantage Plans Humana Health currently has an investment grade credit rating as BBB+. The subject property offers a great opportunity for any investor looking for a long term net leased investment with an investment grade tenant and offers minimal landlord responsibilities.

01/20/2023

Scooter’s Coffee– Olathe, KS:

Prime Net Lease is pleased to announce the successful closing of this Scooter’s Coffee in Olathe, KS.

Prime Net Lease represented the Buyer in this transaction after being referred by a client from a previously closed Scooter’s Coffee. This absolute NNN ground lease had 17 years remaining on the lease with 3 5-year options.

PNL worked in cooperation with the listings agents to complete this transaction and successfully negotiated a reduced price for our Buyer.

Interested in an express coffee shop? Reach out to an advisor for more information.

01/05/2023

Holiday Gas – Eau Claire, WI

PNL is proud to announce the successful closing of a Holiday Gas Station in Eau Claire, WI. This was a quick and smooth transaction from start to finish, with the escrow only being a total of 7 days! PNL was able to execute the transaction so quickly due to its preexisting relationship with the sellers agent and having transacted with the Buyer previously.

The Buyer purchased the property to fill Bonus depreciation quota and moved quickly and diligently. Prime Net Lease has closed over 50 Bonus Depreciation related transactions in the last 2 years.

With Bonus being reduced from 100% to 80%, the window is closing for both Buyers and Sellers alike to take advantage of this superb tax incentive.

Reach out to our advisors with an inquiries on how you can take advantage before its gone.

01/05/2023

USA 2 Go – Stockbridge, MI

PNL is proud to announce the successful closing of a USA 2 Go Gas Station in Stockbridge, MI. This transaction was far from smooth. With the transaction contingent on a Sale-Leaseback, the negotiations of the PSA and lease were lengthy and rocky to say the least. Additionally, in the 12th our some misrepresented environmental issues arose and threw a wrench into the transaction. PNL was able to pivot and quickly resolve the issue due to our knowledge of environmental issues in Michigan from previous transactions. We were able to contact the appropriate parties, get answers, and relay correct processes and information to the Buyer to get them comfortable with the property and transactions. Ultimately, due to the lengthy up front negotiations and Buyer timelines, the transaction was executed as a “sign and close” with all documents/contracts being executed and escrow closing on the same day that it was opened.

The Buyer purchased the property to fill Bonus depreciation quota and moved quickly and diligently. Prime Net Lease has closed over 50 Bonus Depreciation related transactions in the last 2 years.

With Bonus being reduced from 100% to 80%, the window is closing for both Buyers and Sellers alike to take advantage of this superb tax incentive.

Reach out to our advisors with an inquiries on how you can take advantage before its gone.

01/05/2023

US Markets – Las Vegas, NV

**(Part of a 2-Unit Portfolio)**

PNL is proud to announce the successful closing of a US Market Gas Station/Convenience Store in Las Vegas, NV. This transaction involved significant leg work and negotiations on the forefront, but once the transaction went under contract, it was smooth sailing. PNL represented the Buyer in the transaction and was able to overcome a multiple offer scenario due to the Buyer purchasing multiple assets together and making the overall transaction process smoother for the seller.

The Buyer purchased the property to fill Bonus depreciation quota and moved quickly and diligently. Prime Net Lease has closed over 50 Bonus Depreciation related transactions in the last 2 years.

With Bonus being reduced from 100% to 80%, the window is closing for both Buyers and Sellers alike to take advantage of this superb tax incentive.

Reach out to our advisors with an inquiries on how you can take advantage before its gone.

01/05/2023

Zips Car Wash – Mt. Pleasant, SC

Prime Net Lease is pleased to announce the successful closing of this ZIPS Car Wash in Mt. Pleasant, SC.

This absolute NNN wash had 16 years remaining on the lease and At its current price, it made this sale one of the highest price points for a ZIPS Car Wash ever sold (per CoStar tracking).

The sale was also completed by the end of the year in time for the Buyer to take advantage of 100% bonus depreciation.

PNL has multiple washes currently listed with the same potential tax incentives. If interested, reach out to an advisor to learn more.

01/05/2023

Scooter’s – Oskaloosa, IA

Prime Net Lease is pleased to announce the successful closing of this Scooter’s Coffee in Oskaloosa, IA. This absolute NNN sale lease back came with a franchise guarantee from an operator that is currently running 12 locations.

PNL represented both the Buyer and the Seller in this transaction and had to navigate a difficult agreement for a Seller Carry Financing scenario that was successfully negotiated.

Interested in purchasing a Scooter’s? PNL has multiple locations available from this same operator.

Reach out to one of our advisors for more information.

11/18/2022

JUST SOLD!

BP Gas Station in Bordentown, NJ

PNL is pleased to announce the successful closing of a BP Gas Station in Bordentown, NJ. The Seller was referred to PNL by a long time client due to our successful track record working together. PNL was engaged to market the property with the task of getting it sold by Year End. PNL implemented its marketing strategy and along with the Year End push for Bonus Depreciation was able to secure a Buyer for the property. Due to the small price point, the Buyer had difficulty arranging financing, as they reside in CA. PNL strategized and executed Seller Carry Financing which ultimately left both parties happy and allowed for the transaction to close 30 days earlier than contracted.

PNL still has over a dozen properties available for Year End Bonus Depreciation. If you have any interest in learning more, please reach out to one of our advisors for assistance.

11/18/2022

JUST SOLD!

Walgreens in Dover Foxcroft, ME

PNL is pleased to announce the successful closing of a Walgreens in Dover Foxcroft, ME. PNL represented the Buyer who purchased the property to satisfy their 1031 exchange after selling a gas station a few months prior. PNL expressed urgency in the early stages of securing a replacement property with the outlook of interest rates significantly on the rise.

PNL, through its relationship with lenders was able to achieve a below market interest rate for the Buyer, that in conjunctions with a superbly negotiated Cap Rate, afforded the client a significant increase in monthly net income.

PNL once again collaborated successfully with another brokerage firm representing the seller and were able to overcome numerous hurdles throughout the transaction process to ultimately ensure a successful closing.

Are you looking to sell your property and complete a 1031 exchange? If so, please reach out to one of our advisors for assistance.

11/01/2022

Just Listed!

Mixed-Use Retail / Multi-Family in Cedar Falls, IA

Prime Net Lease is pleased to present this mixed-use retail/multi-family property just steps from Northern Iowa University in Cedar Falls, IA.

The property consists of four retail tenants, Domino's Pizza, Jimmy John's, Off the Grill, & Voya Salon, which occupy the ground floor and six multi-family units above them consisting of one 1-bedroom, 1-bathroom unit, two 2-bedroom, 1-bathroom units, two 3-bedroom, 1-bathroom units, and one 4-bedroom, 1-bathroom unit.

Jimmy John's, a nationally known retail tenant recently showed superb commitment to the site by exercising all three of their 5-year option period simultaneously, committing to the site until the end of 2034, a testament to the strength of the location.

The property is superbly located just steps from the Northern Iowa University campus in a residential community with over 11,000 residents within a 1-mile radius. The University of Northern Iowa is ranked second in the “Top Public Schools Regional University (Midwest)” category, according to U.S. News & World Report. As one of Iowa’s three public universities, UNI is known for designing robust and practical learning experiences — the kind that gives our students the career edge they need in fields like education and business. But most importantly, we're passionate about our students.

With over 90 degree programs and a community of supportive faculty, we’re here to help you chase your dreams. With a vibrant campus community, and endless opportunities to explore, we promise to keep things interesting along the way. Student housing demand in the area ensures the units are always rented at top of the market rates.

Kwik Star Gas Station and Convenience Store located just across the street provides additional traffic for the retail tenants who have all successfully operated at the site for an average of just under 7 years.

**2018 College St (China Rose Massage) is NOT included in this offering.**

Have any interest in this opportunity? Reach out to one of our team members for assistance.

10/21/2022

Just Closed!

Scooter’s Coffee - Crete, NE

Prime Net Lease is pleased to announce the successful closing of this absolute NNN ground lease Scooter’s Coffee located in Crete, NE.

Prime Net Lease was engaged by the Seller due to our strong track record of express coffee shop transactions. PNL received 3 offers within the first week of marketing. PNL was able to secure a local Buyer who closed the transaction as an all cash purchase with a quick escrow. This was the Buyers first NNN purchase and the entire transaction proceeded without any hiccups.

Have any interest in purchasing an express coffee shop? Reach out to one of our advisors for more information.

Address

41995 Boardwalk Ste L-1
Palm Desert, CA
92211

Website

http://www.primenetlease.com/

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