NNN Pro Group is pleased to present the exclusive listing for a Brakes Plus located at 6246 N Jupiter Road in Garland, Texas. The site consists of roughly 5,350 rentable square feet of building space on estimated 0.77-acre parcel of land. This Brakes Plus is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $125,000 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
– Long Term 20-Year Sale-Leaseback
– Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
– Six (6) Tenant Renewal Periods of Five (5) Years Each
