NNN Pro is pleased to present the exclusive listing for a Flagstop Car Wash located at 4810 Nine Mile Road in Richmond, Virginia. The site consists of roughly 4,392 rentable square feet of building space on an estimated 1.13-acre parcel of land. This Flagstop is subject to a 20-year absolute triple-net (NNN) lease, which commences upon the close of escrow. The current annual rent is $350,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Rent to Commence Upon Close of Escrow
✓ One and One-Half Percent (1.50%) Rental Increases Occurring Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
NNN Pro is pleased to present the exclusive listing for a Flagstop Car Wash located at 9486 West Broad Street in Henrico, Virginia. The site consists of roughly 4,392 rentable square feet of building space on an estimated 1.13-acre parcel of land. This Flagstop is subject to a 20-year absolute triple-net (NNN) lease, which commences upon the close of escrow. The current annual rent is $350,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Rent to Commence Upon Close of Escrow
✓ One and One-Half Percent (1.50%) Rental Increases Occurring Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
The NNN Pro Group is pleased to present the exclusive listing for the Go Car Wash located at 6100 Nine Mile Rd, Richmond, VA 23223. The site will consist of roughly 4,200 rentable square feet of building space on estimated 0.66-acre parcel of land. The Go Car Wash is subject to an absolute triple-net (NNN) lease that commenced on 12/01/2021. The initial annual rent is $135,603 and is scheduled to increase by 1.50% annually throughout the base term and continuing through 5, 5-Year Options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 17 Years Remaining
✓ 1.50% Rental Increases Occurring Annually
✓ Five (5), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 45 Years
✓ This Property Qualifies for 15-Year Accelerated Depreciation as well as Bonus Depreciation
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 3250 East Main St, Richmond, IN 47374. The site will consist of roughly 1,084 rentable square feet of building space on estimated 0.32-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The initial annual rent will be $100,000 and is scheduled to increase by one-and-three-quarters percent (1.75%) annually starting year seven (7) of the base term and continuing through six (6), five (5)-year renewal periods.
About the Investment:
| BRK.2009000214 |
NNN Pro Group is pleased to present the Red Lobster located at 8009 West Broad Street in Richmond, VA. The site consists of roughly 8,417 rentable square feet of building space on an estimated 1.67-acre parcel of land. This property is subject to an absolute triple net (NNN), which expires on July 31, 2039. The rent is scheduled to increase by 2% annually every and in each of the option periods.
✓ Long-Term, 25-Year Absolute Triple Net (NNN) Lease | Over 15 Years Remaining
✓ World’s Largest Seafood Restaurant | Serving Customers in 11 Countries
✓ Corporate Guaranty | Over 640 locations in North America
✓ Strong Inflation Hedge | Attractive 2.0% Annual Increases
✓ Ideal Demographics | Population Exceeds 577,700 Within a Ten-Mile Radius
✓ Prime Location | Several Anchor Tenants | Lowe’s, Kroger, Costco, Sams Club, Publix
