This structure provides an advantage to the tenant of predictable rent costs and usually lower increases than the overall market may offer. How we work No matter your investment size, we give you the knowledge you need. GA #311619. In an absolute net lease, sometimes called a bondable lease, the tenant is responsible for rent and all other property related expenses, which includes roof and structure. Occasionally, these properties contain tenants with net leases. If you need assistance evaluating lease options, please contact us. Sands Investment Group is Pleased to Present For Sale the Cummins Sales and Services Absolute Triple Net Industrial Lease Located in Hubbard, Ohio. The Net Lease Means Zero Responsibility For Taxes, Insurance, Maintenance, Utilities, Vacancy, Renovation, Leasing Costs, Property Management, Asset Management, Appliance Replacements or Capital Improvements. Absolute Investment Realty has been selected to exclusively represent the To manage receiving emails from Realized visit the Manage Preferences link in any email received. units Fresh stucco was added 3 months ago The building offers two bay roll The absolute net lease is a variation of a triple net lease. property located at 1510 San Pedro Drive NE. office building is +/-5,645 SF on 0.22 acres of land. Absolute Net, Net, Net, lease. The heating and cooling system have been upgraded to three new HVAC Absolute NNN Leased Properties allow you to be free of landlord responsibilities making it an ideal investment for busy individuals who value Time Freedom. For Sale and Lease More details 1100 Investment Blvd 1100 Investment Blvd El Dorado Hills, CA 95762 71,516 SF . This investment offering is an opportunity to acquire 8720-8810 SE Sunnybrook Blvd - NNN Property. But, they are somewhat similar so it is important to note the differences between the two. This Deal Includes an Absolute Triple Net (NNN) Lease With 18+ Years Remaining and Zero Landlord Responsibilities With Attractive Rent Increases, Providing For a Secure Investment. of the propertys major operating expense categories, usually property taxes. This Opportunity Features a Brand New Construction 20 Year Absolute Triple Net (NNN) Ground Lease Situated Across the Savannah Mall and a Walmart Supercenter, Providing For a Secure Investment in . Sands Investment Group is Pleased to Present For Sale the Longhorn Steakhouse Absolute Net Ground Located in Fort Walton Beach, Florida. All Filters (+2) NNN Commercial Properties for Sale in North Carolina Results Insights 256 results Trending 1/12 $2,851,000 Arby's Recent Remodel 2017 Corporate Guarantee 1319 Bridford Pkwy Greensboro, NC 27407 View OM 1/4 $1,858,825 Popeyes Ground Lease Retail 4.25% CAP 309 Huffman Mill Rd Burlington, NC 27215 View OM 1/4 $1,387,203 Most Net Lease Tenants typically commit to a long term lease agreement of 10 and in some cases 20-25 years as compared to Apartments that are typically yearly leases. Copyright 2023 NNN Properties. #67374 BoR: Andrew Ackerman Lic. Contact us today. The Difference Between NNN Leases and Absolute Net Leases. This Has Been Verified By an Actuarial Study Conducted By the Respected Risk-Management Firm, Milliman. We keep you in the loop and stay transparent. Auction Sale. It is the only market our team of experts are focused on. Ask us any question; come to us for anything. First National Realty Partners is one of the countrys leading private equity commercial real estate investment firms. At Avison Young, we know net lease. This includes property taxes, insurance, and maintenance like the triple net lease. This Deal Includes 14.2 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Unique Investment. #REC.2020005946 BoR: Scott Reid Lic. Property Information. In a triple net lease, it is the tenants responsibility to pay for the costs associated with property taxes, insurance and maintenance. Each corporate-guaranteed lease offers strong rent escalations. However, it has also been used in single family residential rental real estate properties. Property Brochure The building offers two bay roll In Cooperation With Sands Investment Group Illinois, LLC Lic. floor plan, office/storage area, and two ADA compliant large bathrooms. We provide unbiased advice, analysis, and execution capabilities for alternative capital solutions for corporately owned and occupiedreal estate. We are where you are. In an absolute net lease structure sometimes referred to as a bondable lease or absolute NNN lease the tenant is responsible for all operating costs. #PB00085157 BoR: Andrew Ackerman Lic. dining. In an absolute net lease, the tenant is responsible for all costs associated with operating the property including those associated with repairing/rebuilding a property in the event of a loss or condemnation. When someone is conducting a 1031 Exchange, they have 45 days to identify their like-kind property. Suppose the owner has exhausted the property's depreciation. The FOR LEASE OR SALE CONTACT LISTING AGENT Own It Vista is an eye-catching, new 50,000/SF office warehouse with 19/FT26/FT Warehouse Clear Acquire a newly built, 19,097-square-foot freestanding retail building on a spacious 3.5 acres lot located outside of Harrisburg. INCOME PROPERTIES FOR SALE . mezzanine. Contact: Barry Bernsten, Manager, The Bernsten Group, Tel: (215) 917-1700, bbernsten@aol.com $4,650,400. In commercial real estate, several types of leases accommodate a range of different economic responsibilities between the tenant and investor. And, within those real estate assets, private equity firms may or may not invest in properties that have absolute and/or triple net leases. Franklin Street Investment Services is pleased to present CVS Pharmacy in Doral, Florida. . Top-quality, national retail chains are prospective tenants for absolute net leases, preferring the control of long-term, lower rent leases with prime locations. In another scenario, and because NNN lease is a more popular phrase than absolute net lease, the property may be listed as a NNN lease when the terms describe an absolute net lease. This includes property taxes, insurance, and maintenance like the triple net lease. Absolute net leases are typically used in sale-leaseback agreements. Tell me about your goals, needs, timeframe, risk tolerance, and budget. Safe cash-flow investments in the commercial real estate world are usually NNN, triple net, national tenants with long term leases and additional options to renew their lease at an increased rate. Tenants like this structure for its simplicity and property owners like it because they can charge higher rents. SQRL Gas Station and C-Store | Searcy, AR, SQRL Gas Station and C-Store | Russellville, AR, SQRL Gas Station and C-Store | Center Ridge, AR, 2-Unit Jiffy Lube Portfolio | Chicago, IL, Connected Cannabis & AlienLabs | San Francisco, CA, GPM Investments 3,200 Unit Operator | Cedar Springs, MI, GPM Investments 3,200 Unit Operator | Allegan, MI, This Safeway is the largest grocery store and national chain in the area, This Safeway is performing at an extremely high level; the tenant rent-to-sales ration at this location for 2022 was 1.95% and did $939.92 PSF in sales, Total spending on food and alcohol within a 5-mile radius of this property exceeds $158M per year and is expected to increase to over $186M by 2027, Population growth is projected to exceed 8% through 2027 within a 5-mile radius of this property, Safeway Inc., a subsidiary of Albertsons Companies, Inc. (NYSE: ACI). of the propertys major operating expense categories, usually property taxes, insurance, and maintenance. Copyright 2023. This Deal Includes a 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities With Attractive Strong 3% Rent Increases, Providing For a Secure Investment. Absolute Investment Realty has been selected as the exclusive Browse thousands of CBRE properties for sale. No matter your investment size, we give you the knowledge you need. Hypothetical example(s) are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment. In Cooperation With Sands Investment Group North Carolina, LLC Lic. License: TX 0606255, CA 01391653. . 121 N 6th St, Kenedy, TX 78119 For Sale $120,000 Tenant to Buy Back within 5 Years for $150k Scheduled . With consistently over 400+ listings, we have the largest database of net lease properties nationwide. windows, lighting, HVAC units and landscaping this beautiful two-story private entrances (with remote access control for the 2 The exact portion depends on the specific type of net lease, of which there are four: The last two types, triple net and absolute, are particularly popular with investors who want the benefits of commercial real estate ownership, but not the hassle of day to day management. Difficult tenants, unpredictable maintenance or repairs, Brokers that represent sellers and not the buyers interest, Youre losing money, and your income is unpredictable, How to Convert 1031 Property into Personal Property. A triple net (NNN) lease is one where the tenant (s) of a property take on responsibility for all operating expenses associated with a property, on top of the cost of rent. and Fortuna Rd. Currently the property This risks blindsiding the tenant later on with a hefty roof or structural repair bill. [3] Bondable lease (Absolute NNN) A bondable lease (also called an "absolute triple net lease", "true triple net lease", or a "hell-or-high-water lease") is the most extreme variation of a triple net lease, where the tenant carries every . An absolute net lease is a variation of the NNN lease that is commonly used when the investor has borrowed money to finance the commercial property and opts to put additional risks in the hands of the tenant. Landowners have one responsibility in this absolute NNN groud lease stucture and that is they are usually responsible for the yearly property taxes on the land. Own Absolute Net Lease properties with No Landlord Responsibilities allowing you to own properties anywhere in the United States. In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker Lic. signage Remote lock for front door. Absolute Investment Realty has been selected to exclusively represent the To maximize the returns of a. , its always best to consult professionals. However, the roof and structure of the property are not traditionally included in the tenants list of maintenance responsibilities. . 2764 S Congress Ave - NNN Property Palm Springs, Florida This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and Low Rent, Providing For a Safe and Stable Investment. As stated before absolute net leases are very safe for investors. This building has been well This space offers open industrial feeling They are not tax efficient and an investor should consult with his/her tax advisor prior to investing. Contact 214-801-5857 1215 34th St - NNN Property Bakersfield, California Single Tenant NNN Leased Medical Office for Sale. This Deal Includes an in NNN charges. This Deal Includes Two High Performing Properties With Absolute Triple Net (NNN) Leases With Zero Landlord Responsibilities, Providing For a Unique Investment. Start a new search to find more NNN Properties or other commercial listings on LoopNet.com. The lease term for the absolute net lease is typically longer than other types of lease, and the rent would likely be lower, with rent increases built in but known in advance. July 13, 2021 What is an Absolute Net Lease Property? The property is Offering is a corporate guaranteed, absolute NNN lease Jack In The Box with no owner responsibility. The primary exposure is in the tenant's risk rating since the property will typically house just one. Rental Increases: 7.5% Every 5 Years Starting in 2029. storage on the east side 2 bathrooms (non ADA) New LED Monument But, it also includes the cost of things like replacing a roof or HVAC system or rebuilding the property in the event of storm damage. In a triple net lease, it is the tenants responsibility to pay for all costs associated with property taxes, insurance and maintenance. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. However, the roof and structure of the property are not traditionally included in the tenants list of maintenance responsibilities. is headquartered in Boise, ID Albertsons Companies is one of the largest food and drug retailers in the United States, Albertsons Companies, Inc. operates under 20 well-known grocery store banners including: Albertsons, Safeway, Vons, Jewel-Osco, Shaws, Acme, Tom Thumb, Randalls, United Supermarkets and Pavilions, Albertsons Companies reported $69.69 billion in the fiscal year of 2020, which is an 11.6% increase over the previous year ($62.45 billion); In June of 2021, Moodys upgraded Albertsons Companies, Inc.s and Safeway Inc.s existing senior unsecured notes to Ba3 Albertsons probability and default rating was upgraded to Ba2, Albertsons Companies is one of the largest retail employers in the United States today, providing approximately 270,000 jobs; Albertsons home delivery services are available in 11 of the top 15 U.S. markets today (Auburn, CA included), Absolute Triple Net (NNN) Property With Zero Landlord Responsibilities, Walgreens Co. (NYSE: WAG) is a S&P Investment With Grade Credit Rating of BBB; Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA) Which Features Annual Revenues in Excess of $117 Billion, Long Term Lease With 8 Years Remaining on the Original 75-Year Lease, Including Equity Method Investments, Walgreens Boots Alliance Has a Presence in More Than 25 Countries, Employs More Than 440,000 People and Has More Than 18,750 Stores, Located on a Hard Corner Location With Over 22,000 VPD on the Highway 51 North, Located in a Dense Retail Corridor With Nearby Tenants Including: Kroger, Tractor Supply Company, OReilly Auto Parts, Krystal, Dollar Tree, McDonalds, Wendys and More, Approximately 18 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Lease Features 3% Annual Rent Bumps and 4 x 5 Year Options, High Performance Operator Doing Over $25 Million in Revenue and Continuing to Grow Their Number of Locations, Gas Stations Offer Increased Depreciation Expenses, Strong Operator; Robust Annual Financials Available Upon Request, Located on Main Avenue Which is a Nationally Registered Historic District That Cuts Through Downtown Durango and is Home to Galleries, Boutiques, Restaurants, Bars and Other Businesses, Excellent Demographics Showing Population Growth and a Strong Average Household Income of Over $100,000 Within a 2-Mile Radius of the Property, High Traffic Exposure From the Intersection of Main Ave, E Park Ave and W 17th St That Sees Approximately 11,000 VPD, Store is Strategically Located on a Hard Corner of Intersection With Multiple Points of Ingress/Egress, Site Has 4 MPDs and Multiple Parking Spaces, Lease Features Attractive 3% Annual Rent Bumps and 4 x 5 Year Options, Only a Few Blocks From Main Avenue Which is a Nationally Registered Historic District That Cuts Through Downtown Durango and is Home to Galleries, Boutiques, Restaurants, Bars and Other Businesses, Absolute Triple Net (NNN) Leases With Zero Landlord Responsibilities, Both Properties Have Recently Gone Through Re-Imaging, New Pumps, LED Lighting and Remodeling, Recession, Pandemic and Internet Resistant; Many Gas Station Businesses Continued to Grow Even During the Covid-19 Pandemic and Have Shown Strong Profitability, The West Memphis Amoco Does Approximately $90,000/Month of Inside Sales and 50,000 Gallons/Month Outside Sales; The North Little Rock Conoco Does Approximately $80,000/Month of Inside Sales and 50,000 Gallons/Month Outside Sales, Properties Are Located on Highway 70; A Major Thoroughfare Providing Access In and Out of Memphis and Little Rock, Respectively, Strong Traffic Counts West Memphis Sees Over 18,000 VPD and North Little Rock Sees More Than 15,000 VPD, Multiple Points of Ingress/Egress on Both Properties, 19 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Operator Has Approximately 139 Stores and is Doing Over $100 Million in Fuel Revenue, Located Within 1-Mile From the Center of Beebe and Beebe High School, STRONG TENANT PROFILE (139 Units); The Lease is Corporately Signed By the Parent Company With 139 Locations Currently and an Robust Acquisition Pipeline of Over 50 Other Locations CorporateFinancials Available Upon Request, Tenant in Process and Just Invested Over $150,000 Remodeling the Canopy, Pavement, Interior and Exterior of the Site to Their Proprietary Brand SQRL, Gas Stations Offer Increased Depreciation Expenses*Consult Your CPA, Tenant is Corporately Headquartered in the State of Arkansas, Making This a Strategic Position to Be Located, Multiple Housing Developments Surround the Property, High Traffic Exposure on Center Street Seeing Around 11,000 VPD, Nearby Tenants Include: Walmart, McDonalds, Hardees, Sonic, Tractor Supply Co., Dominos and Dollar Tree, Lease Features 3% Annual Rent Bumps and 4 x 5 Year Options Operator Has Approximately 139 Stores and is Doing Over $100 Million in Fuel Revenue, STRONG TENANT PROFILE (139 Units); The Lease is Corporately Signed By the Parent Company With 139 Locations Currently and an Robust Acquisition Pipeline of Over 50 Other Locations Corporate Financials Available Upon Request, Tenant in Process, Just Invested over $150,000 Remodeling the Canopy, Pavement, Interior and Exterior of the Site to Their Proprietary Brand SQRL, Gas Stations Offer Increased Depreciation Expenses *Consult Your CPA, Located Within 5-Miles From the Center of Searcy, Nearby Tenants Include: Walmart, Pizza Hut, Popeyes, Dollar Tree, Taco Bell and Sonic, 19 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, STRONG TENANT PROFILE (139 Units); The Lease is Corporately Signed By the Parent Company With 139 Locations Currently and an Robust Acquisition Pipeline of Over 50 Other Locations Corporate Financials Available Upon Accepted Offer, Multiple Housing Developments and Large Industrial Properties Surround the Location, Located Less Than 2-Miles From Russellville High School Which Has Over 1,100 Students, Store is Strategically Located on a Hard Corner of Intersection With Easy Ingress/Egress, High Traffic Exposure From the Intersection of Elmira Avenue and East 16th Street That Sees Roughly 11,500 VPD, Absolute Triple Net (NNN) Lease Offers the Opportunity For a Truly Passive Investment With Zero Landlord Responsibilities, Cummins (NYSE: CMI) Has an A+/A2 Credit Rating With an Annual Revenue of $24.02 Billion Dollars, The Tenant Has Been Operating Out of This Location Since 1974 Showing a Long-Term Commitment to This Site, Low Rent Deal Providing a Safe and Stable Investment, Tenant Has Made Significant Investments Into the Property Over Recent Years, Excellent Freeway Frontage With the Property Being Visible to More Than 35,200 VPD Along Interstate 80, Situated Immediately Off Interstate 80, a Major East-West Interstate Highway, Connecting Hubbard to Major U.S. Markets Including New York and Chicago, 43,428 Residents Within a 5-Mile Radius, Located in the Youngstown Metro Area, Surrounded By Numerous Travel Centers, Truck Terminals and Truck Services Facilities Including: W.W. Williams, ABF Freight, Loves Travel Centers and Flying J Travel Centers, National Retail Concepts Nearby Include: Burger King, Arbys, McDonalds, Dunkin Donuts and More, Lease Features 3% Annual Bumps With 4 x 5 Year Options, Located One Hour From Little Rock, the Capital of Arkansas, STRONG TENANT PROFILE (139 Units); The Lease is Corporately Signed By the Parent Company With Over 139 Locations Currently and an Robust Acquisition Pipeline of Over 50 Other Locations Corporate Financials Available Upon Request, Extremely Limited Competition in the Area, Within 6-Miles of Three Different Schools: Nemo Vista Elementary School, Nemo Vista Middle School and Nemo Vista High School, BBB+ Rated Tenant Under 30-Year Absolute Net Lease, Net Lease Diversification Opportunity From Retail or Office, 1.5x to 2.0x Greater Residual Value Than Many Other Net Lease Options, 43% Higher Depreciation Deductions = 40% Lower Tax = 60bps Pre-tax Equivalent Cap Rate Benefit, Great Option For Back-Up, Park, or Boot 1031 Trades, Investment Grade Tenant (Rated By NRSRO) Capview Residential Net Lease, LLC Holds Reserves to Support its Net Lease Payment Obligations Across its Portfolio No Matter the Underlying Performance of Any Individual Asset, Lease For Both Sites Feature Identical Terms, Providing an Opportunity For Symmetrical Diversification, Both Lease Options Have Been Exercised For an Additional 10 Years With a 10% Rental Increase, Effective April 2023, Long Operating History and Recent Extension Solidify Tenants Commitment to the Site, Both Located in Suburbs of Chicago, Illinois MSA Which Offers Strong and Stable Demographics, Preferable Retail Presence Surrounds Both Sites, With Many Neighboring National Tenants, Strong Guarantee From TEAM CAR CARE, LLC, Jiffy Lubes Largest Franchise Operator, at Over 550 Active Units, High Traffic Counts Support Both Sites, With Full Access From Their Respective Streets, Jiffy Lube, is By Far, the Most Well Known and Established Quick Lube Concept in the Nation, 14.2 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, 2% Annual Rent Increases With 4 x 5 Year Options, Established Operator of Convenience Stores in Louisiana and Texas That Currently Operates 40+ Locations, Located Along Main Corridor With Traffic Counts of 27,899 VPD Along North Temple Drive, Excellent Visibility and Multiple Points of Access From North Temple Drive and North Hendrick Avenue, Select Neighboring Tenants Include: Jack in the Box, Dollar Tree, Sonic, Churchs Chicken, Dairy Queen, as Well as Several Local and Community Businesses and Org, Value-Add Warehouse: This Property is 35,899 SF Total in Size; Only 27% of the Building is Occupied By NTB Tire, Thus Leaving 73% of the Buildings Warehouse and Office Space Vacant and Ready For a New Tenant, The Value-Add/Unoccupied Portion of the Building Includes a 17,177 SF High Ceiling Box-Shaped Warehouse Space, Plus an Additional 9,100 SF of Office Space, New 5-Year Lease Extension: NTB Tire is a Corporate and Nationally-Recognized Tire Dealer; NTB Occupies 9,622 SF of Retail Space, Including 15 Service-Bays With Frontage on Lejeune Boulevard, Please Reach Out to Broker For More Information, Floor Plan or to Schedule a Property Tour, 11+ Years Remaining on a Triple Net (NNN) Lease With Two (2) Five (5) Year Renewal Options and 12.5% Rental Increases Every 5 Years, Connected Cannabis Offers High-Quality Cannabis By Developing Different Cultivation Techniques to Create the Strains They Are Now Best Known For in the California Market, AlienLabs is Well-Known For Its Flower Strains With a Focus on Top-Shelf, Exotic, Indoor Cannabis; As One of the First California Cannabis Brands, AlienLabs Has Established a Reputation For Pushing Quality to New Heights in Cannabis and Takes Pride in Creating New, Unique Strains With a Menu Where Each Strain is Distinct, No Immediate Plans For the Vacant Space, However There is Potential to Turn The Space Into Residential or a Restaurant; Currently the Tenant is Using the Space, San Francisco is the 4th Largest City in California With a Population of 887,711 and Growing, 5 Minutes (1.2-Miles) to Interstate 280; 25 Minutes (5.4-miles) to Interstate 80; 7 Minutes (2.9-Miles) to State Route 101, 16 Minutes (11.7-Miles) to San Francisco International Airport; 22 Minutes (5.4-Miles) to Downtown San Francisco, 52 Minutes (18.7-Miles) to The University of California-Berkeley; 9 Minutes (2.6-Miles) to San Francisco State University, Excellent Proximity to Pier 70, a $3 Billion Redevelopment of the Historic Site Calls For the Construction of Nearly 2,150 Residential Units, Around 1.7 Million Square Feet of Office Space, Up to 240,000 Square Feet of Retail, Arts, and Light Industrial Space, and 9 Acres of New Parks and Open Space, Major Corporations Like Twitter, Charles Schwab, Airbnb, Salesforce, Square, Lyft, Morrison & Foerster, and Uber Reside in San Francisco, 1 Minute (0.6-Miles) to Interstate 575, 22 Minutes (23-Miles) to Interstate 75 and 32 Minutes (35.2-Miles) to Interstate 285, 5 Minutes (1.8-Miles) to Cherokee County Regional Airport, 50 Minutes (55.7-Miles) to Hartsfield-Jackson Atlanta International Airport and 44 Minutes (45.8-Miles) to Downtown Atlanta, GA, 1 Hour 23 Minutes (83.4-Miles) to GA/TN State Line; 1 Hour 23 Minutes (82.8-Miles) to GA/NC State Line, Excellent Proximity to Cherokee 75 Corporate Park Which Has 172 Acres Zoned For Light Industrial and Canton Cherokee Industrial Park, Master-Planned Light Industrial Targeting Corporate or Regional HQ, Advanced Manufacturers and Data Centers, Key Industries in the Ball Ground Region Include: Healthcare, Construction, Professional, Scientific and Technical Services, The Largest Employers in the Ball Ground Metropolitan Area Include: Charbonneau Industries Inc, Hydro-Chem, E2 Resources, Cross Technologies, Inc., Bodacious Foods and Royston, Cherokee County Regional Airport is Scheduled For Additional Expansion, Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Brand New Long Term 15 Year Lease With 1.75% Annual Increases, PURE Taqueria is Consistently Rated Among the Best Upscale Mexican Restaurants in Georgia With 7 Locations and System Wide Sales of Over $20 Million, Operated By the Franchise Founder and Concept, Developer Possessing Over 45 Years of Restaurant Experience, Phenomenal Operator With Decades of Experience and Dozens of Locations, Absolute Triple Net (NNN) Lease Zero Landlord Responsibilities, Long-Term Passive Investment With Over 21 Years Remaining on the Lease This Opportunity Serves as the Ideal 1031 Exchange Asset, Corporate Guarantor Red Lobster Was Recently Acquired By Thai Union Group, a Multi-Billion Dollar International Corporation, That Has Seen Year Over Year Profit and Revenue Growth Since the Acquisition, Excellent Retail Synergy and Positioning Located Directly Across the Street From Concord Mall; This Property Sees Tremendous Traffic Counts of Over 51,200 VPD, Attractive Rent Escalations The Rent on This Asset Increases By 2% Annually, Providing the Investor With a Strong Hedge Against Inflation, Red Lobster is the Worlds Largest Seafood Restaurant With Over 700 Locations Worldwide, Proven Commitment Red Lobster Has Been Operating at This Site Since 2012 and Has Shown Further Commitment to the Site With Renovations, National Tenants in the Area Chick-fil-A, Olive Garden, Wawa, Giant, Courtyard Marriott, CVS Pharmacy, Target and Trader Joes, Absolute triple net (NNN) lease with zero landlord responsibilities and approximately 13 years of term left, Lease features a corporate guaranty from GPM Investments, LLC, Offers 2% annual bumps and 4 x 5 year options, GPM Investments, LLC operates or supplies sites in 33 states; as the 6th largest convenience store chain in the country, they have ~3,200 locations comprising ~1,400 company-operated stores, ~121 proprietary cardlock locations and ~1,660 dealer sites to which they supply fuel, Strategically located on a hard corner of an intersection in the center of town, Multiple points of access for easy ingress/egress, Site located less than 1-mile from Interstate 131, which sees nearly 36,000 VPD, Property is 22-miles from Grand Rapids, MI which is the second largest city in the state by population, Site benefits from close proximity to elementary and high school, Near by tenants include: Taco Bell, McDonalds, Culvers, OReilly Auto Parts, Tractor Supply Co, Supercuts, Rite Aid and Goodwill, Strategically located off of Marshall Street, a main corridor into the town center that sees over 13,000 VPD, Located approximately 1.5-miles from downtown Allegan, MI, Near by tenants include: Dollar Tree, McDonalds, Allegan hospital, Pizza Hut, Wendys and Taco Bell. 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In a triple net lease properties nationwide within 5 Years for $ 150k Scheduled 6th,!
