Projects

Projects

Cap Rate 7.65%

January 2nd, 2014 by Incremental Development

Incremental's first quarter of 2013 acquisition was that of a Dollar General Corporate leased asset located in Alamogordo, New Mexico. The building itself was built and completed in 2012, and has in place a fifteen (15) year corporate lease with five, five (5) year options (5x5yr). In addition to the strength of the lease, the asset itself sits within a busy retail corridor, holding an average daily traffic count of over 15,000 (ADT).

Incremental, through it’s developer network was able to negotiate an 7.65% cap rate on the asset. Comparable asset’s in like kind demographical locations are currently being listed between 6.75-7.0% cap's. Which in light of the markets demand for this strong corporate tenant, leaves Incremental’s asset with a large amount of built in equity on day one.

Through it’s lending relationships, Incremental was able to procure favorable financing which when married with the asset’s cap rate, allowed for the members of Incremental D V to enjoy an annual 8.92% cash on cash return (paid in monthly disbursements). The financing put in place affording all members to not only have their money safely working for them at a favorable rate, but also  begins the accruing of equity on day one, which continues for the life of the hold.

Get in touch today! (617) 686-5893 | (617) 448-5616

Need Help?


Footer Optin

Website ID:
Confirm Website ID (don't touch this):

Latest News

Mon, Dec 23, 2013 12:58 PM EST

Website Launched

We were overdue for a website revamp and we're happy to show you what we've been working on.

Recent Acquisitions

November 2013

We've been acquiring a number of properties. Visit our projects section to learn more about some of our highlighted assets.

Industry Spotlight

News coming soon!