NNN Pro Group is pleased to present the exclusive listing for an Aldi located at 205 Monroe Turnpike in Monroe, CT. The site is currently under construction and will consist of roughly 19,677 rentable square feet of building space on estimated 2.89-acre parcel of land. This Aldi is subject to a 20-year triple (NNN) ground lease, which will commence on September 15, 2024.
The new Panera next door can also be acquired from the same seller, see P.14 for more info!
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Ground Lease
✓ Brand New Construction | Aldi to Open 2024
✓ Ten Percent (10%) Rental Increases Occurring Every Ten (10) Years
✓ Large 2.89-Acre Lot | Very Low Rent Due to Ground Lease
✓ Tenant is Paying only $9 PSF in Rent | Less than 1/4 of Market!
✓ Five (5), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 45 Years
NNN Pro Group is pleased to present the exclusive listing for a Panera Bread located at 205 Monroe Turnpike in Monroe, CT. The site consists of roughly 3,482 rentable square feet of building space on estimated 1.85-acre parcel of land. This Panera Bread is subject to a 15-year double-net (NN) lease, which commenced December 31, 2022. The new Aldi next door can also be acquired from the same seller, see P.14 for more info!
✓ Long-Term, 15-Year Double-Net (NN) Lease | Roof Warranty In Place
✓ Extremely Strong Sales | Ranked in the 92nd Percentile Nationally & 90th Percentile in CT on Placer.ai* (Contact Listing Agent for More Info)
✓ Approximately 13.75 Years Remaining
✓ New Construction | Store Opened in 2023 | Drive-Thru |Protype Panera Design
✓ Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
✓ Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 4601 Pecanland Mall, in Monroe, GA. The site consists of roughly 8,356 rentable square feet of building space on an estimated 1.13-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $277,1981 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
