Retail Series

The Necessity Retail Advantage

For more than a decade, Cole REITs have acquired and operated net-lease, single-tenant properties and anchored shopping centers.

“Necessity” retailers provide goods that are used on a day-to-day basis. These retailers develop loyal customers and become part of the communities they serve. Pharmacies and grocery stores, for example, play an integral role in the daily life of the average consumer. Value-oriented apparel, pet supply stores, discount goods and bulk shopping brands tend to perform steadily despite fluctuating economic conditions, and home improvement and auto parts stores allow customers to “do it themselves”, which appeals to the budget-conscious.

The Cole Net-Lease Retail Investment Strategy

The Cole Net-Lease retail investment strategy is focused on acquiring real estate in strategic locations leased to creditworthy tenants on long-term net leases.

Single-Tenant Retail Characteristics

CCPT V Investment Strategy - Single Tenant Retail
Creditworthy Tenants
  • Tenants that offer necessity- and value-oriented products or services
  • Strong credit rating or proven financial track record
Lease Term
  • Net leases (NN or NNN),where tenant is responsible for taxes and maintenance
  • Long-term lease (10+ years) with contractual rent increases and corporate backed lease guarantees
Strategic Locations
  • Main retail traffic thoroughfare
  • Dense trade area with strong regional demographics
  • High visibility and accessibility to customer base

Anchored Shopping Center Characteristics

CCPT V Investment Strategy - Anchored Shopping Centers
Creditworthy Tenants
  • Anchor tenants that offer necessity- and value-oriented products or services
  • Strong credit rating or proven financial track record
Lease Term
  • Net leases (NN or NNN),1 where tenant is responsible for taxes and maintenance
  • Long-term lease (10+ years) with anchor or junior anchor tenants
Strategic Locations
  • Main retail traffic thoroughfare
  • Dense trade area with strong regional demographics
  • High visibility and accessibility to customer base

Current Retail Offering

Cole Credit Property Trust V, Inc. (CCPT V)

Closed Retail Offering

Cole Credit Property Trust IV, Inc. (CCPT IV)

Past Retail Offerings

Cole Credit Property Trust III, Inc. (CCPT III)

Cole Credit Property Trust III, Inc. was a non-listed REIT that raised capital from 2009 through 2012 and invested primarily in high-quality real estate net-leased to creditworthy tenants under long-term net leases. In April 2013, CCPT III completed the acquisition of Cole Holdings Corporation and successfully listed on the NYSE (Ticker: COLE) and was subsequently acquired by VEREIT®. The transaction reflected a positive cumulative total return for CCPT III stockholders.

Cole Credit Property Trust II, Inc. (CCPT II)

Cole Credit Property Trust II, Inc. was a non-listed REIT that raised capital from 2005 through 2008 and invested primarily in high-quality real estate net-leased to creditworthy tenants throughout the United States. In July 2013, CCPT II merged with Spirit Realty Capital. The combined entity retained the Spirit Realty Capital name and listed its common shares on the NYSE (Ticker: SRC). The transaction reflected a positive cumulative total return for CCPT II stockholders.

Cole Credit Property Trust, Inc. (CCPT)

Cole Credit Property Trust, Inc. was a non-listed REIT that raised capital from 2004 through 2005 and invested primarily in single-tenant commercial properties, net-leased to creditworthy retail tenants under long-term net leases. CCPT was acquired by VEREIT® in 2014. The transaction reflected a positive cumulative total return for CCPT stockholders.

There is no guarantee that any CCO Group program will replicate these types of liquidity events, if at all, and the programs are not required to effect a liquidity event at any time. The programs have limited liquidity as there is no public market, and one may never exist, for shares of common stock.

Please consult the Prior Performance Summary and Appendix A — Prior Performance Tables sections of any REIT prospectus for a further discussion as certain Cole REIT programs, including CCPT II and CCPT, have experienced adverse business developments.

1) Double net lease (NN) is a lease under which the tenant agrees to pay all operating expenses associated with the property (e.g., real estate taxes, insurance, maintenance), but excludes some or all major repairs (e.g. roof, structure, parking lot). Triple net lease (NNN) is a lease under which the tenant agrees to pay all expenses associated with the property (e.g., real estate taxes, insurance, maintenance and repairs).

The properties shown on this page are owned by CCPT V.