RECENTLY ACQUIRED PROPERTIES

These exceptional properties are an opportunity for outstanding returns and tenant stability.

We believe in the diversification of our overall portfolio, and also within geographic areas, property features, tenant relationships, and industries. Here are some of our recently acquired unique and diverse properties.

Life Time Fitness
Life Time Fitness
Life Time Fitness Health & Fitness Canton, MI

Spirit Realty Capital acquired five (5) Life Time Fitness properties located throughout the country in August 2018. The properties were placed under one existing master and two single absolute triple-net leases with lease terms of 17 years remaining and multiple 5-year renewal options. 

Life Time Fitness operates high-end, large format suburban fitness and athletic facilities, the majority of which operate 24 hours a day, seven days a week. Life Time offers a variety of services including group fitness, yoga, swimming, running, racquetball, squash, tennis, pilates, martial arts, kids activities, camps, adult leagues, rocking climbing, cycling, basketball, personal training, weight loss & nutrition initiatives, in addition to spa and chiropractic services.

The Alaska Club
The Alaska Club
The Alaska Club Health & Fitness Anchorage, AK

Spirit Realty Capital acquired five (5) Alaska Club properties located throughout Alaska in August 2018. The properties were placed under a new absolute triple-net master lease with a lease term of 20 years and multiple 5-year renewal options. 

The Alaska Club is a full-service family-friendly health and fitness center and has been the dominant gym in Alaska since 1986. In addition to their gym facilities, they offer a wide variety of services including personal training, child care, swim lessons, tennis, racquetball, basketball, high-tech exercise machines, and fitness classes like yoga, cycling, step, pilates, and strength training.

Sonny's BBQ
Sonny's BBQ
Sonny's BBQ Restaurants Orlando, FL

Spirit Realty Capital acquired seven (7) Sonny’s BBQ properties located in Orlando, Florida and the surrounding areas in a sale-leaseback transaction in December 2016. The properties were placed under a new triple-net master lease with a lease term of 15 years and multiple 5-year renewal options. 

Sonny's Franchise Company operates a chain of barbeque restaurants under the name Sonny's Real Pit Bar-B-Q. Sonny's locations, which also offer catering services, are found mostly in nine Southern states. In addition to its restaurants, the company sells bottled barbecue sauces online and in retail locations across the country. Floyd "Sonny" Tillman and his wife Lucille opened their first barbecue joint in 1968. 

Studio Movie Grill
Studio Movie Grill
Studio Movie Grill Theaters Marietta, GA

Spirit Realty Capital acquired one Studio Movie Grill property located in Marietta, Georgia in a sale-leaseback transaction in March 2017. The property was placed under a new triple-net single lease with a lease term of 20 years and multiple 5-year renewal options. 

Studio Movie Grill is a privately held movie theater chain based in Dallas, Texas. Established in 2000, Studio Movie Grill is considered the leader of in-theater dining exhibition.

The Home Depot Contact Center
The Home Depot Contact Center
The Home Depot Contact Center Other Tempe, AZ

Spirit Realty Capital acquired one Home Depot Contact Center located in Tempe, Arizona in an existing lease transaction in May 2017. The property was placed under an existing triple-net single lease with a lease term of 10.7 years and multiple 5-year renewal options. 

The Home Depot’s contact centers focus on being a virtual front line for The Home Depot stores and connect with customers via phone, email and web based chat functionality.

CircusTrix
CircusTrix
CircusTrix Other Little Rock, AR

Spirit Realty Capital acquired one build-to-suit CircusTrix Trampoline Park property located in Little Rock, Arkansas in a sale-leaseback transaction in September 2017. The property was placed under a new triple-net master lease with a lease term of 15 years and multiple 5-year renewal options. 

CircusTrix is a growing network of trampoline-centered recreation facilities providing their customers a place to jump, climb, exercise and participate in extreme sports. 

Dairy Queen
Dairy Queen
Dairy Queen Restaurants Anchorage, AK

Spirit Realty Capital acquired four (4) Dairy Queen properties located in Anchorage, Alaska and the surrounding areas in a sale-leaseback transaction in February 2017. The properties were placed under a new triple-net master lease with a lease term of 15 years and multiple 5-year renewal options. 

Dairy Queen, often abbreviated as DQ, is a chain of soft serve ice cream and fast food restaurants.