View Listing Download. The confusion between NNN leases and absolute net leases often initiates from an inaccurately advertised NNN lease, or a misunderstanding of the different leases on either the investors or the tenants behalf. Get your tailormade list of the most lucrative NNN Properties For Sale. Fortunately, there are a number of commercial property investment options available to meet this preference. RNL is Capitalized to Withstand Market Fluctuations, Vacancy, Recessions, Inflation and All Other Factors to Maintain Consistent Lease Payments. up doors, one with a loading dock as well as double doors. How to Build a Strong Commercial Real Estate Portfolio, How to Invest in Shopping Centers Through a Private Equity Real Estate Firm. Investors and tenants can avoid confusion between NNN leases and absolute net leases by performing ample research on the different types of leases. Quick service restaurants and the growing retail healthcare sector also gravitate toward this lease type. Though not typical, the simplest is a gross lease, in which the tenant pays a base rent, and the owner is responsible for managing all other expenses, including taxes, insurance, maintenance, and repairs. Interested in getting our latest deals? The triple-net lease is well suited to sale/leasebacks as a way to transition the selling company from having absolute control over its surroundings to a situation where it merely is a "lessee." Despite the emotional response that may be generated by the change in status, the sale/leaseback provides a number of advantages to both seller and buyer. Msg & Data rates may apply. Lower your risk by choosing from Tenants that are Open for business, In-demand and Not susceptible to E-Commerce. But, tenants may not appreciate the higher rents and property owners are exposed to the risk of rising operating costs that they cant pass through to the tenant. Day care property occupied with long term lease. . Net lease is a completely separate market under the commercial real estate umbrella. Fast-food franchising remains to this day as one of the most popular options for entrepreneurs when starting a new business. Copyright 2023. Sands Investment Group is Pleased to Present For Sale the Safeway Supermarket Absolute Net Lease Located in Auburn, California. Rent Commencement Date: November 29, 2022. A net lease agreement is the opposite. To maximize the returns of a commercial property investment, its always best to consult professionals. Absolute NNN Leased Properties allow you to be free of landlord responsibilities making it an ideal investment for busy individuals who value Time Freedom. The space available is a +/- 2,410 SF restaurant space with 1,680 SF of ground Well located Single Tenant NNN Properties with Brand Name National Credit Tenants has proven to be more resilient compared to other asset classes. Absolute NNN Leased Properties allow you to be free of landlord responsibilities making it an ideal investment for busy individuals who value Time Freedom. floor kitchen and 730 SF of 2 state. Raydeo Enterprises Will Sign a Brand New 5 Year Lease With Two (2) 5 Year Options and 1% Annual Increases at Close of Escrow. #183645 BoR: Scott Reid Lic. #29362 BoR: Amar Goli Lic. Contact us today to find out more about our current listings! of the propertys major operating expense categories, usually property taxes. The property is an ideal owner-user. The property 19330 Leitersburg Pike presents an unmatched opportunity to acquire a highly visible freestanding retail building in Hagerstown. A brand new This Deal Includes 14.2 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Unique Investment. This Deal Includes a Long-Term Passive Investment With Over 21 Years Remaining on the Lease and Zero Landlord Responsibilities. 2018 Ground + Space. NNN leases are typically longer-term for commercial real estate properties and have initial terms that begin at 10 years or more. Sands Investment Group is Pleased to Present For Sale the GPM Investments 3,200 Unit Operator C-Store Located in Cedar Springs, Michigan. windows, lighting, HVAC units and landscaping this beautiful two-story Dont miss this opportunity to acquire a cash-flowing investment property However, it has also been used in single family residential rental real estate properties. easily accessible location from all directions. AR #PB00085157. This Deal Includes a 19 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities With Attractive Strong 3% Annual Rent Increases, Providing For a Secure Investment. The property is Offering is a corporate guaranteed, absolute NNN lease Jack In The Box with no owner responsibility. A Simplified Way of Calculating Basis for a 1031 Exchange. The center is known as a destination for neighborhood shopping and For Sale and Lease More details 1100 Investment Blvd 1100 Investment Blvd El Dorado Hills, CA 95762 71,516 SF . Each "net," or "N," represents one operating expense category that the tenant is . 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. Long Term Leases 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. While subtle, these differences are very important and real estate investors must be aware of them prior to committing capital to a net lease property investment. The 2,820 square foot bank building on an efficient, full access half acre parcel. In the event of condemnation, the tenant is obligated to continue paying rent. This deal includes an absolute triple net (NNN) lease with zero landlord responsibilities and approximately 13 years of term left, providing for a unique investment. Search for NNN Properties for Sale and Lease. [] Status: Available CAP: 4.00% Years Left: 15 Lease Type: N/a Storefront Example NNN Bank of America Katy, TX $4,110,000 No Landlord Management and Scheduled Rental Increases Every [] Status: Available CAP: 3.65% Years Left: Our goal is to provide you with utmost attention. In a multi-tenant property, the tenants would have to divide up the obligations of ongoing payments rather than having them paid by the single owner in a gross lease structure. Absolute With consistently over 400+ listings, we have the largest database of net lease properties nationwide. All Rights Reserved. In a triple net lease, it is the tenants responsibility to pay for the costs associated with property taxes, insurance and maintenance. Own Absolute Net Lease properties with No Landlord Responsibilities allowing you to own properties anywhere in the United States. is one of the countrys leading private equity commercial real estate investment firms. 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 Get instant access to all of our current and past commercial real estate deals. This includes property taxes, insurance, and maintenance like the triple net lease. Sign up for our email list today. Generally speaking, a net lease assigns the following expenses to the tenant: Triple Net and Absolute Net leases are more practical for single tenant, long term lease situations. This means that the investor will be receiving a rent check each month regardless of the sales at that specific location. To manage receiving emails from Realized visit the Manage Preferences link in any email received. Fresh stucco was added 3 months ago. maintained with exceptional upgrades The roof is a new TPO roof and gravel Receive your handpicked investment opportunities tailored to your needs. However, the roof and structure of the property are not traditionally included in the tenants list of maintenance responsibilities. of the propertys major operating expense categories, usually property taxes and insurance. Ideal, management-free investment for a [], Great location at the signalized corner of Pierce [], Lease with Attractive 7.00% Rental Escalations Every 5 [], Traffic Counts Exceed 48,000 Vehicles Per Day. We have absolute net lease Chase banks for sale in New Jersey, Florida, Texas, Boston, New York and all over the east coast. When investing in commercial property, its important to have proper expectations before signing any type of lease. Auction Sale. Investors and tenants can avoid confusion between NNN leases and absolute net leases by performing ample research on the different types of leases. All logos are Copyright, Registered Trademarks and courtesy of their respective companies, and are displayed in this website for the sole purpose of brand recognition in tenant labeling. 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). This We transacted over $5.5 billion in net lease sales last year. When a real estate investor places their capital with a private equity firm, it is up to them to understand the firms investment strategy and whether or not it includes absolute and/or triple net leases. 9655 Valley Blvd - NNN Property Rosemead, California In Cooperation With Sands Investment Group North Carolina, LLC Lic. NNN leases are typically longer-term for commercial real estate properties and have initial terms that begin at 10 years or more. When a property is advertised as a NNN lease, the investor may make the purchase under the assumption that all expenses are the tenants responsibility and unintentionally incur a massive financial expenditure in the future. When it does, they must perform their own due diligence independent of the private equity firm to ensure that the opportunity is a good fit for their own investment objectives, risk tolerance, and time horizon. (Mixed-Use, Low Intensity) which allows for a wide variety of commercial Texas Properties For Sale By Owner (FSBO) with Tenant Leaseback Absolute Net Master Lease with Option to Buyback . #1768950, Read AdditionalThought Leadership ContentFrom SIG, Specializing in Absolute Triple Net Lease Opportunities. We are informing, empowering, and connecting investors to the most reliable NNN Properties For Sale, that generate passive income month after month. #9004706 BoR: Max Freedman Lic. It is the only market our team of experts are focused on. There is gated parking behind the building for employees or equipment. However, the roof and structure of the property are not traditionally included in the tenants list of maintenance responsibilities. Over $30 billion of transaction volume, specializing in single-tenant, net lease investment services. In 2009, Brendan formed Absolute Net Properties, LLC to focus on the development and brokerage of single tenant net lease and shopping center properties.Absolute Net Properties has done business with companies including but not limited to Meijer, Home Depot, Menards, AutoZone, OReilly Auto Parts, ALDI, Discount Tire, Vitamin Shoppe, Aspen Dental, Panera Bread, Dollar General, Huntington Bank, First Merchants Bank, and many others. 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. costs associated with operating the property including those associated with repairing/rebuilding a property in the event of a loss or condemnation. #6505424119 BoR: Max Freedman Lic. Sands Investment Group is Pleased to Present For Sale the Walgreens Absolute NNN Asset Located in Covington, Tennessee. of the owners of this newly remodeled property This building has been well Interested in commercial real estate investment? Orlando, FL 32837. 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. In it, the tenant pays base rent. Suppose the owner has exhausted the property's depreciation. in NNN charges. Triple net lease real estate for sale. Register for a proprietary account today offering real estate principals exclusive access to: our comprehensive tenant investment summaries, NNN Buyer's Guide, or quarterly market research reports;; our exclusive listings and off-market property inventory;; our proprietary National NNN Listings Database in which we aggregate, vet and underwrite all of the premier on and off-market net lease . Team members are committed to providing institutional quality service to their clients with flexibility and speed through collective team experience and relationships while sharing proprietary real-time market information and technology. An absolute net lease, absolute triple net lease or absolute NNN lease property is a lease in which the tenant is paying the landlord a lumpsum of monthly rent but also pays for all expenses of the property and daily operations of the business. The rear part of the building offers plenty of storage with a INCOME PROPERTIES FOR SALE . This Deal Includes a 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities With Attractive Strong 3% Annual Rent Increases, Providing For a Secure Investment. The heating and cooling system have been upgraded to three new HVAC 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. What is an absolute net lease? Sands Investment Group is Pleased to Present For Sale the Valero & Bigs Absolute NNN Located in Diboll, Texas. storage on the east side 2 bathrooms (non ADA) New LED Monument units. Sands Investment Group is Pleased to Exclusively Offer For Sale the 20,000 SF ALDI Located at 14070 Abercorn Street in Savannah, Georgia. dining. Hypothetical example(s) are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment. Investing in alternative assets involves higher risks than traditional investments and is suitable only for sophisticated investors. Regardless of the textbook definition for any lease structure, it's important to confirm how the landlord defines the lease they are advertising prior to submitting an offer. $5.5 billion Over $5.5 Billion We transacted over $5.5 billion in net lease sales last year. Tenants like this structure for its simplicity and property owners like it because they can charge higher rents. #CQ1055229 BoR: Andrew Ackerman Lic. oriented shopping center located in the heart of the North I-25 Corridor in In 2007, Brendan went to work for Paragon Companies, a local Indianapolis based developer who specialized in single tenant build to suits for AutoZone and Dollar General, as well as developing Meijer anchored shopping centers. Copyright 2023 NNN Properties. No matter your investment size, we give you the knowledge you need. The development and brokerage of single and multi-tenant shopping center properties, acquisition of small to large parcels of land for retail and apartment development, and the representation of landlords and tenants in the sale and leasing of retail/shopping center properties, as well as high net worth individuals and institutions in the purchase and sale of income producing properties. detailing and mechanic shop and storage units. 1/2 . This risks blindsiding the tenant later on with a hefty roof or structural repair bill. Within the category of maintenance, the specifics of the lease will detail exactly what the tenant is responsible for paying, but it usually involves things like common area maintenance, landscaping, and basic repairs. Lease Type: N/a Storefront Example NNN Dutch Bros Houston, TX $1,925,000 Lease with 10% Rental Increases Every Five Years. In this article, we will define what a net lease is, describe the different variations, and highlight the differences between two specific types of net leases known as the . The exact portion depends on the specific type of net lease, of which there are four: : Tenant pays base monthly rent plus their share of. Premises: 58,586 SF. WE MAKE IT PERSONAL $4,650,400. Most real estate investors fail to generate predictable cash flow. Multi-Tenant Net Lease Office Space - Duluth, GA Retail 28,380 SF 3176 Main Street Duluth, GA 30096 View OM 1/6 $4,607,000 New Walk-On's | 15 Yrs, NNN | Successful Operator 7.45% Blended Return over Base Term of Lease 101 N Strand Pkwy Myrtle Beach, SC 29588 View OM Bidding Closes: 0d 0h 24m6s 1/18 video Auction $350,000 Current Bid Net Lease Investments gives investors an opportunity to choose from many National Brand Name Credit Tenants that are essential businesses and are places consumers shop, eat and visit every day. In Cooperation With ParaSell, Inc., A Licensed Oklahoma Broker Lic. The property has excellent curb Costco, Sams Club, Home Depot, Cheddars, Fudruckers, PF Changs, etc. First National Realty Partners is one of the countrys leading private equity commercial real estate investment firms. Contact 214-801-5857 1215 34th St - NNN Property Bakersfield, California Single Tenant NNN Leased Medical Office for Sale. This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and Low Rent, Providing For a Safe and Stable Investment. The major difference between triple net and absolute net leases is highlighted above, but additional detail is necessary to truly understand it. 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. They are not tax efficient and an investor should consult with his/her tax advisor prior to investing. Copyright 2022 SIGnnn.com - All Rights Reserved. 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.
SMS and Text Messaging for churches and ministries.