NNN Pro Group is pleased to present the exclusive listing for an ALDI located at 2615 Santa Barbara Blvd in Cape Coral, Florida. The site consists of roughly 30,000 rentable square feet of building space on estimated 2.77-acre parcel of land. This ALDI is subject to a 20-year absolute triple-net (NNN) ground lease, which commenced in September, 2021. The current annual rent is $260,000 and is scheduled to increase by 7.50% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Ground Lease
✓ Approximately 18 Years Remaining
✓ Seven-and-a-Half Percent (7.5%) Rental Increases Occurring Every Five (5) Years
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Rent Per SF is only $8.37/SF | Price Per SF is only $182/SF
NNN Pro Group is pleased to present the exclusive net lease offering for the On Track Doors facility located at 914 Southeast 9th Street, Cape Coral, FL. The site consists of roughly 4,500 rentable square feet of building space on estimated 0.34-acre parcel of land. This On Track Doors facility will be subject to a 20-year absolute triple-net (NNN) lease that will commence upon the close of escrow. The initial annual rent will be $74,250 and is scheduled to increase by 2.00% annually throughout the base term and in each of the four (4), five (5)-year renewal options.
Brand-New 20-Year Sale-Leaseback
Triple-Net (NNN) Lease with Zero Landlord Responsibilities
Corporate Guaranty from On Track Partners
Attractive Hedge Against Inflation | 2.00% Annual Rental Increases
Four (4), Five (5)-Year Tenant Renewal Option Periods
On Track Doors Features One of the Only Fully Air-Conditioned Warehouses in the Immediate Area
