Acquisitions 2017-10-11T15:28:12+00:00

Acquisitions

Nellis Corporation’s real estate investments fit into one of two categories: (1) greater Washington DC commercial properties and (2) single-tenant, triple net-leased properties.  Below are our acquisition criteria for each strategy:

Greater Washington DC
Commercial Properties

In the greater Washington DC area, Nellis actively pursues local single-tenant and multi-tenanted retail, office and industrial properties. Acquisition targets often have a value-add component or function as covered-land plays.

Nationwide Single-Tenant
Triple-Net Leased Properties

Across the country, Nellis pursues an aggressive strategy seeking out and acquiring single-tenant, triple net-leased properties (as well as ground leased properties).  Below are our primary criteria:

  • Leased significantly below market (at least 40% or more)

  • Absolute net leased (no management responsibility)

  • In or near a major metropolitan area

  • All property types considered (as long as it is single-tenanted), including retail, restaurant, industrial, office, mixed-use, and multi-family.

  • Encumbered by a lease with ten or more years remaining (with all options)

  • Low cap rates, but low price per square foot

  • Credit of tenant irrelevant