Tenant Credit Ratings
| TENANT | HOLDING COMPANY | SECTOR | STOCK TICKER | STANDARD & poor’s | MOODY’S | Average Cap Rate | Average Price | Lease Term | Escalations |
|---|---|---|---|---|---|---|---|---|---|
 |
Autozone | AUTO (PARTS & SERVICE) | AZO | BBB | Baa1 | 5.02% | $1,753,855 | 15 Years | 10% Every 5 Years & Options |
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Advance Auto Parts | AUTO (PARTS & SERVICE) | AAP | BBB- | Baa2 | 5.96% | $2,104,535 | 5-15 Years | Varies |
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Firestone | AUTO (PARTS & SERVICE) | BRDCF | A | A2 | 5.73% | $2,557,333 | Varies | Varies |
 |
Christian Brother Automotive | AUTO (PARTS & SERVICE) | N/A | N/A | N/A | 6.20% | $2,418,333 | 15 Years | 1.5% Annually starting in lease year 6 |
 |
Bank of America | Bank | BAC | A+ | A1 | 4.69% | $4,336,886 | 15 - 20 Years | 10-12% Every 5 Years |
 |
O'Reilly | AUTO (PARTS & SERVICE) | ORLY | BBB+ | Baa1 | 5.77% | $1,917,348 | 20 Years | 6-10% Every 5 Years |
 |
Wells Fargo | Bank | WFC | A- | AA2 | 4.95% | $2,322,500 | 10 - 20 Years | Varies |
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TD BANK | BANK | TD | AA- | A2 | 4.30% | $5,165,000 | 20 Years | 12% Every 5 Years |
 |
PNC BANK | BANK | PNC | A | A2 | 5.19% | $4,630,379 | 15 - 20 Years | 10 - 15% Every 5 Years |
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BMO HARRIS BANK | BANK | BMO | A+ | BAA1 | 5.38% | $2,413,909 | 10 Years | 2% Annually |
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BB&T BANK | BANK | BBT | A- | A2 | 5.33% | $3,597,851 | 15 Years | 1 - 2% Annually |
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CHASE BANK | BANK | JPM | A+ | AA3 | 4.32% | $4,649,583 | 15 - 20 Year | 10% Every 5 Years |
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RED LOBSTER | CASUAL DINING | DIN | N/A | B3 | 5.86% | $4,864,742 | 20 - 25 Years | 2% Annually |
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IHOP | CASUAL DINING | DIN | N/A | N/A | 6.30% | $2,352,325 | 20 - 25 Years | Varies |
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CRACKER BARRELL | CASUAL DINING | CBRL | N/A | N/A | 5.39% | $3,168,688 | 10 Years | 10% Every 5 Years |
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CHILI'S BAR & GRILL | CASUAL DINING | EAT | BB+ | BB1 | 5.90% | $3,863,406 | 20 Years | Varies |
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BOB EVANS | CASUAL DINING | N/A | N/A | N/A | 5.70% | $2,254,526 | 20 Years | 2% Annually |
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APPLEBEES | CASUAL DINING | DIN | N/A | N/A | 6.58% | $2,809,100 | 15 - 20 Years | Varies |
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DENNY'S | CASUAL DINING | DENN | N/A | N/A | 5.60% | $2,470,683 | 15 - 20 Years | 5 - 10% Every 5 Years |
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TRACTOR SUPPLY CO | BIG BOX | TSCO | N/A | N/A | 6.29% | $3,760,833 | 15 Years | 7.5 - 10% Every 5 Years |
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Hobby Lobby | Big Box | N/A | N/A | N/A | 6.23% | $7,806,784 | 5 - 15 Years | In Option Periods |
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7-Eleven | C-Store | N/A | AA- | Baa1 | 5.02% | $2,986,079 | 10 - 20 Years | 10% Every 5 Years |
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Circle K | C-Store | N/A | BBB | Baa2 | 6.07% | $2,409,020 | 15 - 17 Years | 5 - 10% Every 5 Years |
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WAWA | C-STORE/GAS | PRIVATE | N/A | N/A | 4.58% | $5,095,935 | 20 Years | 8 - 10% Every 5 Years |
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Dollar General | Discount Store | DG | BBB | Baa2 | 6.65% | $1,496,269 | 10 - 15 Years | 10% In Option Periods |
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Dollar Tree | Discount Store | DLTR | BBB- | Baa3 | 6.53% | $1,891,251 | 10 Years | Varies |
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Family Dollar | Discount Store | DLTR | BBB- | Baa3 | 6.40% | $1,804,236 | 15 Years | 10% Every 5 Years |
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Fred's Super Dollar | Discount Store | FRED | N/A | N/A | 8.50% | $500K - $2M | 12 Years | In Option Periods |
 |
The Learning Experiance | Educational | N/A | N/A | N/A | 7.25% | $3,545,608 | 10 - 15 Years | 10 - 12% Every 5 Years |
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ALDI | Grocery | N/A | N/A | N/A | 4.58% | $2,357,362 | 15 - 20 Years | Varies |
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Davita | Medical | DVA | BB | Ba2 | 5.72% | $3,222,472 | 15 Years | 1.5-2% Annually or 8-10% Every 5 Years |
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Fresenius | Medical | FMS | BBB- | Baa3 | 5.89% | $4,714,906 | 15 Years | Varies |
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CVS | Pharmacy | CVS | BBB | Baa1 | 5.65% | $5,005,345 | 25 Years | Varies |
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Rite Aid | Pharmacy | RAD | B | B2 | 5.87% | $7,544,177 | 20 Years | 10% Every 10 Years |
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Walgreens | Pharmacy | WBA | BBB | Baa2 | 5.92% | $6,911,958 | 25 Years | None |
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Fedex | Retail | FDX | BBB | Baa2 | 6.31% | $1M - $35M | 5 - 10 Years | 5 - 10% per Option |
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La Fitness | Retail | N/A | N/A | N/A | 6.40% | $11,470,564 | 15 Years | 10% Every 5 Years |
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Mattress Firm | Retail | MFRM | B+ | N/A | 6.51% | $2,587,714 | 12 Years | 10% Every 5 Years |
 |
Sherwin-Williams | Retail | SHW | BBB | Baa3 | 5.63% | $1,964,543 | 10 Years | 8-12% in Options |
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Verizon Wireless | Retail | VZ | BBB+ | Baa1 | 6.23% | $2,188,324 | 10 Years | None |