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NET LEASE ALLIANCE RELEASES NEW PERSPECTIVES ON CAP RATES

NASHVILLE, TN -- Secondary markets have momentum and opportunity, tertiary markets are a stretch and primary markets are crowded.  A new report entitled Trends and Issues in Capitalization Rates, released today details the potential impact of tenant credit quality, geography and "cap rate killers."  To download the white paper, click here.

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NET LEASE ALLIANCE ACTIVITY NOW UNDERWAY IN 14 STATES

MOORPARK, CA — Market Street Development and Net Lease Alliance have partnered in the acquisition and renovation of a condominium building to accommodate DaVita Dialysis in Moorpark, California. The space is approximately 27,150 sq. ft. opened Nov. 2012.

LAKELAND, FL — United Growth and Net Lease Alliance have partnered in the acquisition and development housing new Mattress Firm and EyeGlassWorld retail locations. The building is approximately 9,130 sq. ft. and scheduled to open in Summer 2013.

DOTHAN, AL — Net Lease Alliance and a regional developer partnered in acquisition and development of a new 5,000 sq. ft. Mattress Firm retail store.

FAIRVIEW HEIGHTS, IL — Net Lease Alliance and a regional developer have partnered in the acquisition and development of a 8,100 sq. ft. NTB.

MODESTO, CA — California Gold Development Corp. and Net Lease Alliance have partnered in the acquisition and development of a new 26,700 sq. ft. outpatient medical facility for the US Department of Veteran Affairs. The 26,700 sq. ft. project, located in Modesto, California, opened in 2012.

COLUMBUS, OH — Net Lease Alliance and a southern developer have partnered in the acquisition and development of a new NTB. The NTB is approximately 8,064 sq. ft. and is a redevelopment of an outparcel opened in 2013.

GIBSONIA, PA — United Growth and Net Lease Alliance have partnered in the acquisition and development of a new Mattress Firm retail store. The 4,200 sq. ft. freestanding building is scheduled to open later this year.

MONTGOMERY, AL — Net Lease Alliance and a regional developer have partnered in acquisition and development of a new 5,000 sq. ft. Mattress Firm retail store opened in 2012.

BOWLING GREEN, KY — Net Lease Alliance and a regional developer have partnered in the acquisition and development of a new Mattress Firm retail store here. The building is approximately 5,000 sq. ft. and was a redevelopment of a closed fast food establishment.

DOTHAN, AL — Net Lease Alliance and a regional developer have partnered in the acquisition and development of a new Buffalo Wild Wings and Aspen Dental totalling approximately 8,900 sq. ft.

AUGUSTA, ME — United Growth and Net Lease Alliance have partnered in the acquisition and development of a new 6,000 sq. ft. Mattress Firm retail store scheduled to open in fall, 2013.

MEMPHIS, TN — Utley Properties and Net Lease Alliance have partnered in acquisition and development of a new 4,500 sq. ft. Verizon Wireless retail store in Germantown, Tennessee.

PHOENIX, AZ — Net Lease Alliance and a Phoenix, AZ based developer have partnered in the acquisition and development of a multi rollout program for a national coffee chain. The buildings will be approximately 1,920 sq. ft. with as many as 40 new stores located in Colorado, Idaho, Montana and Wyoming. Total capital investment is estimated to be around $30 million dollars.

KANSAS CITY, MO — Net Lease Alliance and a regional developer have partnered in the acquisition and development of a new NTB location. The NTB is a conversion of an existing 8,000 sq. ft. structure dating back to 1960 with a total interior demolition and reinforcement of exterior wall to accommodate overhead service doors.

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Moorpark, CA Project

MOORPARK, CA - Market Street Development and Net Lease Alliance have partnered in the acquisition and renovation of a condominium building to accommodate DaVita Dialysis in Moorpark, California. The space is approximately 27,150 square feet and is expected to open later this year.

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Modesto, CA Project

MODESTO, CA - California Gold Development Corp. and Net Lease Alliance have partnered in the acquisition and development of a new outpatient medical facility for the US Department of Veteran Affairs. The 26,700 square foot project, located in Modesto, California, is currently under construction and expected to be turned over to the tenant in September.

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