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LemRx Realty Advisors

About Company

LemRx Realty Advisors typically work on single tenant net leased ("STNL") properties with tenants that have S&P ratings of BBB or better. These leases are referred to as "bulletproof" or "bond absolute triple net" or simply "triple net" where the tenant pays for all expenses thereby giving Landlords "peace of mind" with a guaranteed "no headache" income stream from a national credit tenant (please check with us for exceptions)... The real estate occupied by "national credit" tenants is especially suited for high net worth investors and institutional investors. 1031 exchange buyers also like credit STNL properties as these are often a "first choice" or strong second choice for buyers who are running out of time on their ID period to purchase a like-kind exchange property. National credit STNL real estate is the perfect place to "park" money for short, medium, or long term. These properties are simple, have only one lease with a national credit tenant, and are generally easier to re-sell or refinance than other types of real estate. Best of all, credit STNL properties give Landlords "peace of mind" and assurances of a guaranteed income stream from a "Fortune 50" or S&P Rated national credit tenant. Most of the buildings are "build to suit" and are generally free standing corner buildings on lighted intersections and are usually the best locations in a major or secondary metro market where plenty of "rooftops" exist. "All STNL Properties Are Not Created Equal"... LemRx Realty Advisors have purchased multiple STNL properties for its own account and can give you "first hand" knowledge of the ins and outs of buying, owning, financing, and/or selling a property occupied by STNL tenants. FOCUS ON LONG TERM RELATIONSHIPS: Please call or email us with your investment criteria and we will be glad to forward to you selective "on market" and "off market" properties. Or, if you are considering investment in a specific STNL property or properties feel free to forward a brief description to us. We will be glad to give you our candid opinion of the property's fair market value and its' pluses and minuses as well as comparable sales of other Walgreens properties. No obligation. "Our best client is a repeat client"...

221 W A Street, Suite 833 Dixon, CA 95620

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1355 Palm Bay Road Northeast, Melbourne, FL , 32905
  • Size SF10,392
  • Built/Renov2017
  • Price/SF$665
  • Lease Start01-01-2017
  • Rent/SF$33.92
  • Lease Type NN+
  • Lot/AC1.48
  • Pop 5MI141,306

6,912,280

  • Cap Rate 5.10%
  • NOI $352,526
  • R. Term/Yrs 8.1
  • Guarantor Corp R + T
  • # Units 4,171
  • Build to suit

  • Strategically located

  • Freeway close

  • Hospital close

  • Top 100 MSA

  • Income tax free state

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Fresenius Medical Care
  • Guarantor Corp T and Rated
  • #Units 4,171
  • Moody's/S&P Baa3/ BBB-
  • Stock NYSE: FMS
3825 County Road 69, Corpus Christi, TX , 78410
  • Size SF7,160
  • Built/Renov2018
  • Price/SF$472
  • Lease Start05-25-2018
  • Rent/SF$24.77
  • Lease Type NN+
  • Lot/AC2.00
  • Pop 5MI33,914

3,378,888

  • Cap Rate 5.25%
  • NOI $177,368
  • R. Term/Yrs 8.6
  • Guarantor Corp R + T
  • # Units 4,171
  • Build to suit

  • Roof guarantee

  • Freeway close

  • Hospital close

  • Major MSA

  • Income tax free state

  • Favorable NN+ lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Fresenius Medical Care
  • Guarantor Corp T and Rated
  • #Units 4,171
  • Moody's/S&P Baa3/ BBB-
  • Stock NYSE: FMS
600 Long Beach Blvd, Long Beach, CA , 90802
  • Size SF13,800
  • Built/Renov2005
  • Price/SF$554
  • Lease Start01-01-2005
  • Rent/SF$19.93
  • Lease Type Abs NNN
  • Lot/AC1.50
  • Pop 5MI409,197

7,638,888

  • Cap Rate 3.60%
  • NOI $275,000
  • R. Term/Yrs 6.1
  • Guarantor Corp R + T
  • # Units 13,532
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Hospital close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 13,532
  • Moody's/S&P Baa2/ BBB-
  • Stock NASDAQ: WBA
5171 Northwest 43rd Street, Gainesville, FL , 32606
  • Size SF15,243
  • Built/Renov2008
  • Price/SF$686
  • Lease Start01-01-2008
  • Rent/SF$30.51
  • Lease Type Abs NNN
  • Lot/AC1.35
  • Pop 5MI120,023

10,450,000

  • Cap Rate 4.45%
  • NOI $465,000
  • R. Term/Yrs 9.1
  • Guarantor Corp R + T
  • # Units 13,532
  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Dense 100M+ pop 5 mi

  • Major MSA

  • Income tax free state

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 13,532
  • Moody's/S&P Baa2/ BBB-
  • Stock NASDAQ: WBA
700 South Gaffey Street, San Pedro, CA , 90731
  • Size SF14,472
  • Built/Renov2006
  • Price/SF$1,071
  • Lease Start06-01-2006
  • Rent/SF$47.17
  • Lease Type Abs NNN
  • Lot/AC1.14
  • Pop 5MI210,911

15,500,000

  • Cap Rate 4.40%
  • NOI $682,625
  • R. Term/Yrs 6.6
  • Guarantor Corp R + T
  • # Units 9,395
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Hospital close

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,395
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: CVS
1193 Admiral Callaghan Lane, Vallejo, CA , 94591
  • Size SF16,500
  • Built/Renov2015
  • Price/SF$328
  • Lease Start04-01-2015
  • Rent/SF$12.73
  • Lease Type Abs NNN
  • Lot/AC1.61
  • Pop 5MI158,923

5,418,888

  • Cap Rate 3.88%
  • NOI $210,000
  • R. Term/Yrs 16.2
  • Guarantor Corp R + T
  • # Units 9,395
  • High traffic 50M+ VPD

  • Dense retail corridor

  • Near major nationals

  • Freeway visibility

  • Top 100 MSA

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,395
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: CVS
7010 Fry Road, Cypress, TX , 77433
  • Size SF12,725
  • Built/Renov2006
  • Price/SF$375
  • Lease Start01-01-2006
  • Rent/SF$21.63
  • Lease Type Abs NNN
  • Lot/AC1.65
  • Pop 5MI281,123

4,766,516

  • Cap Rate 5.77%
  • NOI $275,256
  • R. Term/Yrs 7.2
  • Guarantor Corp R + T
  • # Units 9,395
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Income tax free state

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,395
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: CVS
800 W Old Settlers Blvd, Round Rock, TX , 78681
  • Size SF13,000
  • Built/Renov2006
  • Price/SF$522
  • Lease Start01-01-2006
  • Rent/SF$23.05
  • Lease Type Abs NNN
  • Lot/AC1.95
  • Pop 5MI208,360

6,792,000

  • Cap Rate 4.41%
  • NOI $299,616
  • R. Term/Yrs 7.2
  • Guarantor Corp R + T
  • # Units 9,395
  • Signalized intersection

  • Hard corner intersection

  • Near major nationals

  • Freeway visibility

  • Top 100 MSA

  • Income tax free state

  • Absolute NNN

  • 24 hour store

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,395
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: CVS
1900 19th Avenue, San Francisco, CA , 94116
  • Size SF17,920
  • Built/Renov1930/2018
  • Price/SF$977
  • Lease Start10-05-2014
  • Rent/SF$37.57
  • Lease Type Abs NNN
  • Lot/AC0.47
  • Pop 5MI912,616

17,500,000

  • Cap Rate 3.85%
  • NOI $673,167
  • R. Term/Yrs 5.2
  • Guarantor Corp R + T
  • # Units 9,395
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,395
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: CVS

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