NNN Pro is pleased to present the exclusive listing for an Advance Auto
Parts located at 12 A Broad St, Carthage, NY 13619. The site consists of
roughly 7,000 rentable square feet of building space on an estimated 1.2-
acre parcel of land. This Advance Auto Parts is subject to a 10 Years-year
Double Net (NN) lease, which commenced 1/1/2004. The current annual
rent is $75,600 and has scheduled increases in the options.
INVESTMENT HIGHL IGHTS
Advance Auto holds an investment grade S&P rating of BBB
2, 5-Year Renewal Options
Tenant Has been in Building since 2004
NNN Properties, LLC is pleased to present the exclusive listing for a Burger King located at 503 MS-16 in Carthage, Mississippi. The site consists of roughly 3,063 rentable square feet of building space on estimated 2.46-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on July 18th, 2018 and has more than 15 years remaining. The current annual rent is $121,000 and is scheduled to increase by 10% every five years and in each of the 4, 5-year renewal options.
About the Investment
✓ Long Term Lease | More than 15 Years Remaining on an Original 20-Year Lease
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Operated by Carrols Restaurant Group (NASDAQ: TAST), one of the Largest
Restaurant Companies and Franchisee’s in the United States
✓ Guaranteed by New CFH, LLC | Subsidiary of Carrols With Over 200+ Units
✓ Attractive Rental Increases of Ten Percent (10%) Every 5 Years
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each
NNN Pro is pleased to present the exclusive listing for a Kinney Drugs
located at 401 State Street, Carthage, NY 13619. The site consists of roughly
11,000 rentable square feet of building space on an estimated 1.15-acre
parcel of land. This Kinney Drugs is subject to a 15-year Double Net (NN)
lease, which commenced 3/1/2000. The current annual rent is $195,113 and
is scheduled to increase 6.0% in January 2026 and 7.5% in the First Option
Period.
About the Investment:
7 + Year Corporate Lease
Kinney Drugs has over 100 locations in New York and Vermont
Ideal Market Positioning
Only Kinney Drugs located within a fourteen-mile radius
Signalized Intersection
Site benefits from being at a signalized intersection visible to over 10,600
vehicles per day
