Characteristics we look for:
- Generally we prefer one of the “Top Ten States” that we have identified with favorable tax policy for Real Estate Investment.
- We also use the term “Meds & Eds” for locations that are near major medical centers or major universities.
- Class “A” properties – generally refer to the quality of construction. The higher quality properties are generally located in the high demand, better locations, within the local market.
- We do not focus on the “primary” markets, as they tend to be over priced, instead we look to the secondary markets, where higher Cap Rates can still be found.
- The most desired locations within the local market.
- Shadow Anchored centers: They may share the same parking lot with a Wal-Mart, Target, Home Depot, etc.
- Retail: Primarily multi-tenant, but will consider Single tenant with long term leases (Currently this is our expertise).
- Grocery anchored Centers.
- Other property types may be considered in the future, as we acquire the expert knowledge.
- We look for secondary markets where the average annual household income is $75,000 or greater.
- Investment Grade – Credit Tenants
- National Publicly Traded, Corporate Tenants
- National Private Tenants
- Regional Tenants
- National Franchises, with strong franchisee guarantee
- Limited Local Tenants
- Limited Local Restaurant Tenants
- Triple Net Leases (NNN)
- Absolute Triple Net Leases (NNN)
- Absolute Double Net Leases (NN)
- Priced at an 7.0% “in place” Cap Rate or better
- Current rents are at or below market rates
- Properties are near or fully rented
- Lease expiration’s are staggered or spread out
- Current Leases with rent escalations, either annually or every 5 years.