Big Lots Triple Net Lease Retail Big Box Tacoma Washington

---

Sands Investment Group is Pleased to Exclusively Offer the Triple Net Lease Retail Investment Opportunity Located at 2401 N Pearl Street in Tacoma, Washington.

• Big Lots is a National Credit Tenant and Perceived as One of the Most Desirable Tenants Within the Pacific Northwest Region
• Over 7 Years Remaining of Initial Term With Two (2) – Five (5) Year Options to Extend
• Big Lots Serves as the Shadow-Anchor Tenant Located in a High Density Shopping Center (NAP) Surrounded By a Highly Synergistic Mix of Amazon Resistant National Retail Tenants Which Draws in an Abundance of Traffic to the Center
• Significant Frontage and Visibility – Big Lots Contains the Most Visibility With the Shopping Center and Along N Pearl Street Making it the Highlight Amongst the Tenants
• Coupon Clipper Investment – STNL Asset, Providing a New Investor With Minimum Property Oversight and Management Making Big Lots a Pride of Ownership, Easy Asset to Own For Both In-State and Out-of-State Investors
• High-Barriers to Entry Within the Tacoma Market and Immediate Retail Corridor Creates Minimum Potential Future Development Ensuring the Long Term Success of Big Lots and the Neighboring Shopping Center Tenants
• Parking Lot Entry Points From Three-Four Lane Roads Creating Ease of Access For Traffic Flow In and Out of the Shopping Center to Assure the Success of Big Lots and Neighboring Tenants
• High Traffic Intersections – Big Lots is Strategically Located Right Between Two Signalized Intersections, With Westgate Blvd Directly to the South and N 26th Street Directly to the North Both of Which Create a Massive Flow of Traffic Throughout All Hours of the Day
• Tacoma is on the Puget Sound and is Just 32-Miles Southwest of Seattle Which Makes it the Largest Satellite City
• Tacoma Also Serves as the Center of Business Activity For the South Sound Region, Which Has a Population of Around 1 Million Residents
• Tacoma Port is Ranked Number 7 Out of 360 in the U.S. – Making This an Economic Hub of the West Coast
• Tacoma Has Been Named One of the Most Livable Areas in the United States and in 2006 Names the Most Walkable City in the Country
• Ideally Situated Within One of the Primary Retail Corridors For the Tacoma Market, Surrounded By National and Regional Credit Tenants Including: Safeway, Starbucks, Panda Express, Taco Bell, GameStop, McDonald’s and Anytime Fitness

In Cooperation With Marianne Christian – WA Lic. #12244
KW Commercial Eastside WA Lic. #18839

View Similar Investment Opportunities

Read additional thought leadership content from SIG, specializing in absolute triple net lease opportunities

---

Sands Investment Group is Pleased to Offer For Sale a Single Tenant NNN Flex Building Leased to Almac Clinical Services, LLC in Durham, North Carolina.

MISSION-CRITICAL OPERATION CENTER W/SIGNIFICANT INVESTMENT

• The Property Functions as Almac’s Sole Clinical Services Facility in the U.S. With Approximately 300 Employees. Almac Has Two Other Operating Divisions Including a Brand New Diagnostic Lab Located Next Door to the Property in Independence Park
• Almac Has Been at This Location Since 2008 and Has Recently Renewed the Lease at this Location For an Additional 15 Years. Almac Has Also Renewed Both Leases at the Two Other Adjacent Buildings – Representing the Tenant’s Long-Term Commitment to the Facilities and to This Office Park in the Durham Market
• This Facility is Critical to Almac’s Operations and Contains Specialty Equipment and Infrastructure That Would Be Cost-Prohibitive to Move to a New Location. Almac Has Invested Significant Capital Towards the Facility, With an Additional $500,000 Planned Now That the Lease Extension is in Place

LONG-TENANCY HISTORY WITH NEW 15-YEAR LEASE EXTENSION

• Since Locating to Durham in the 1990s, Almac Continues to Grow Steadily in the Area. Almac’s Clinical Service Unit Has Occupied the Property Since 2008
• In 2016, Almac Opened a Companion Diagnostic Development Lab Adjacent to the Property. The Facility Will Provide a U.S. Base to Meet the Global Company’s Increased Client Demand and Will Significantly Enhance Almac’s Offering. Almac Invested More Than $6 Million Towards the Expansion of Their State-of-the-Art Lab and Created 102 New Jobs In 2016
• New 15 Year Lease Extension, Setting Rents to Market. Landlord Has Paid the TI Expenses Upfront

BEST-IN-CLASS COPORATE GUARANTEE

• The Lease Provides a Guarantee From Almac Group Limited (“Almac”) – The Parent Company of Almac Clinical Services, LLC. The Almac Group is an Established Contract Development and Manufacturing Organization That Provides an Extensive Range of Integrated Services to the Pharmaceutical and Biotech Sectors Globally (600+ Companies)
• Almac is the Only Company in the Market With Supply Chain Planning, Execution and IRT Services Under One Roof
• For Fiscal Year End 2016, Almac Reported a 14% Increase in Year-Over-Year Revenue at Nearly $599 Million. Almac Continued Its Global Expansion Strategy and Continues to Reinvest All Profits Into the Business

CRITICAL HIGHWAY ACCESSIBILITY

• Property Provides Direct Access to Downtown Durham Via Rte 501 and I-85

STRATEGIC CITY OF MEDICINE LOCATION

• The Property is Strategically Positioned in Durham – “The City Of Medicine”. Healthcare Has Become the City’s Largest Employment—Boasting More Than 300 Medical and Health-Related Companies and Pharmaceutical Research Organizations, With a Combined Payroll Exceeding $1.2 Billion and 46% of the Biotech Firms In North Carolina
• Durham is Home to Approximately 95% of the 170+ Companies Located in Research Triangle Park (~12 Miles) – the Leading and Largest High Technology Research and Science Park in North America
• Duke Regional Hospital (396 Beds; Over 1,600 Employees) is ~1.7-Miles Away, and Duke University Hospital (957 Beds; Over 9,000 Employees), Durham VA Medical Center (274 Beds; Over 2,885 Employees), and Duke University (~14,832 Students) are Approximately 5-Miles From the Property

In Cooperation with Sands Investment Group North Carolina, LLC – Lic. # 29362

Broker of Record: Chris Sands – Lic. # 300021

View Similar Investment Opportunities

Read additional thought leadership content from SIG, specializing in absolute triple net lease opportunities

 

• Long Term Absolute NNN Lease with ~19 Years Remaining
• Lease is Guaranteed by FQSR LLC Which Encompasses all Restaurant Locations
• KBP Foods (The Largest KFC Franchisee in the U.S.) Operates 449 Locations in 20 States
• Outparcel to Meijer Market
• Signalized Corner at the Epicenter of the Retail Corridor in Rossford
• Major Surrounding Tenants Include: Walmart, Home Depot, Lowe’s, Kroger, Target, CVS and Walgreens
• Excellent Demographics in Surrounding Area with Above Average Household Income of Over $74,000 Within a 1-Mile Radius
• High Traffic Counts Along Fremont Pike with Over 30,000 VPD and Interstate 75 with Over 45,000 VPD
• Site Located 11-Miles Outside of Toledo, OH
• Fixed Rent Increases Throughout the Term
• 4 x 5 Year Options to Extend with 2% Rent Increases at Each Option

In Cooperation with Cooper Commercial Investment Group, LLC – BoR: Dan Cooper Lic # 2009003618