NNN Pro Group is pleased to present the exclusive listing for a Shari’s Restaurant located at 221 Bravo Terrace SE in Port Orchard, Washington. The site consists of roughly 3,896 rentable square feet of building space on estimated 1.00-acre parcel of land. This Shari’s Restaurant is subject to a 20-year absolute triple-net (NNN) lease, which has approximately 16.5 years of lease term remaining. The annual rent is $215,630 as of the October rental increase and is scheduled to increase by 1.75% annually throughout the base term and in the 1, 5-year renewal option.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ One-and-Three-Quarters Percent (1.75%) Rental Increases Occurring Annually
✓ One (1), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
