NNN Pro Group is pleased to present the exclusive listing for an EquipmentShare located at 12760 I-27 Amarillo, TX 79119. The site consists of roughly 7,500 rentable square feet of building space on estimated 4.34-acre parcel of land. This EquipmentShare is subject to a 15-year absolute triple-net (NNN) lease, which commenced October 1st, 2021. The current annual rent is $228,467 and is scheduled to increase by 1.7% every year commencing on year 6 throughout the base term and in each of the 2, 5-year renewal options.
About the Investment:
✓ Long-Term, New 15-Year Absolute Triple Net (NNN) Lease
✓ Approximately 13.3 Years Remaining
✓ 1.7% Rental Increases Annually Commencing on Year 6
✓ Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 3311 I-40 West, in Amarillo, TX. The site consists of roughly 7,468 rentable square feet of building space on an estimated 1.62-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $399,8981 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
✓ Texas – Income Tax Free State
