SOLD PRICE:
UNITS:
CAP RATE:
NOI:
BUILDING SF:

$7,300,000 
41
4.41% 
$335,463 
31,790 

PURCHASED PRICE:
PROPERTY TYPE:
CAP RATE:
NOI:
BUILDING SF:

$7,335,600 
RED LOBSTER
6.28% 
$458,475 
7,468 

Client GoALS

• Sell at the highest value 

• Higher income 

• Annual rental increases to offset the inflation 

• Good Location 

• Lease management intensive 

• The client did not want to leverage 

• Exchange to income tax free state 

tEAM aCCOMPLISMENTS

• 25 Year absolute Triple Net 

• Corporate Guarantee 

• 2% annual rental increase 

• 27% increased net income 

• 4x 5-year options to extend 

• Excellent Location 

• No management required