NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 115 Golden Isles Plaza, Brunswick GA. The site consists of roughly 4,000 rentable square feet of building space on an estimated 0.8-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities and is subject to four (4), five (5) year tenant renewal options. The current rent annual rent is $161,072 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term and option periods.
About the Investment:
✓ Existing 15 Year Lease Term
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Parachute Plasma located at 3451 Cypress Mill Road in Brunswick, Georgia. The site consists of roughly 6,302 rentable square feet of building space on estimated 0.98-acre parcel of land. This Parachute Plasma is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The current annual rent is $412,590 and is scheduled to increase by 2% annually starting in year 6 and throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
– Long-Term, Brand New 20-Year Absolute Triple Net (NNN) Lease
– Two Percent (2%) Rental Increases Occurring Annually Starting Year 6
– Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
– Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by Join Parachute: 12 Locations with Plans to Open 16 More in 2023