NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 8003 Golden Sky Ln in Orlando, FL. The site consists of roughly 7,677 rentable square feet of building space on an estimated 2.18-acre parcel of land. This Red Lobster is subject to a long-term absolute triple-net (NNN) lease, which commenced October 28th, 2015. The current annual rent is $361,274 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.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
✓ 15.5 Years Of Lease Term Remaining With 2.00% Annual Bumps
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Corporate Tenant | Corporate Guarantee
The NNN Pro Group is pleased to present the exclusive listing for the Truist Bank located at 5025 West Colonial Drive, Orlando, FL 32808. The site will consist of roughly 12,340 rentable square feet of building space on estimated 2.63-acre parcel of land. The Truist Bank is subject to an absolute triple-net (NNN) lease that commenced on 12/10/2007. The initial annual rent will be $187,911 and is scheduled to increase by one and one-half percent (1.50%) annually and continuing through 6, 5-Year Options.
*Please Contact Listing Broker for Pricing Information*
About the Investment:
✓ Absolute Triple-Net Lease (NNN)
✓ Approximately 4 Years Remaining
✓ One and One-Half (1.50%) Annual Rental Increases
✓ Six (6), Five (5)-Year Renewal Options
