NNN Pro Group is pleased to present the exclusive listing for an Express Oil Change located at 1415 West Main Street in Lebanon, Tennessee. The site consists of roughly 4,012 rentable square feet of building space on estimated 0.70-acre parcel of land. This Express Oil Change is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $156,750 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
NNN Pro Group is pleased to present the exclusive listing for a KFC located at 300 S Jefferson Avenue in Lebanon, Missouri. The site consists of roughly 3,454 rentable square feet of building space on estimated 0.59-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease, which July 31st, 2023. The current annual rent is $124,875 and is scheduled to increase by 2.00% annually through 2029 and then 1.50% annually throughout the remainder of the base term and in each of the 3, 5-year renewal options.
✓ Long Term 20-Year Absolute Triple Net (NNN) Lease
✓ New Lease Signed in July 2023
✓ Two Percent (2.00%) Annual Rental Increases Through Year 6
✓ One and a Half (1.50%) Annual Rental Increases for Remainder of the Lease
✓ Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
✓ Fee Simple Ownership
