NNN Pro Group is pleased to present the exclusive listing for a North Rock Automotive located at 808 New Franklin Rd in LaGrange, Georgia. The site consists of roughly 13,644 rentable square feet of building space on estimated 3.80-acre parcel of land. This North Rock Automotive is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 1st, 2022. The current annual rent is $220,816 and is scheduled to increase by 2% Annually beginning in the seventh year and in each of the 4, 5-year renewal options.
✓ Long-Term, 18.9-Year Absolute Triple Net (NNN) Sale Leaseback
✓ Lease Commenced September 2022
✓ Two Percent (2.00%) Rental Increases Occurring Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Rapidly Expanding Operator | Operate Approximately 40+ Units with Extensive Pipeline for Continued Growth
NNN Pro Group is pleased to present the exclusive listing for a North Rock Automotive located at 46 Cleveland St in McDonough, Georgia. The site consists of roughly 3,600 rentable square feet of building space on estimated 0.40-acre parcel of land. This North Rock Automotive is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 1st, 2022. The current annual rent is $82,706 and is scheduled to increase by 2% Annually beginning in the seventh year and in each of the 4, 5-year renewal options.
✓ Long-Term, 18.9-Year Absolute Triple Net (NNN) Lease
✓ Lease Commenced September 2022
✓ Two Percent (2.00%) Rental Increases Occurring Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Rapidly Expanding Operator | Operate Approximately 40+ Units with Extensive Pipeline for Continued Growth
NNN Pro Group is pleased to present the exclusive listing for a North Rock Automotive located at 107 Pirkle Ferry Rd in Cumming, Georgia. The site consists of roughly 7,065 rentable square feet of building space on estimated 0.63-acre parcel of land. This North Rock Automotive is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 1st, 2022. The current annual rent is $129,130 and is scheduled to increase by 2% Annually beginning in the seventh year and in each of the 4, 5-year renewal options.
✓ Long-Term, 18.9-Year Absolute Triple Net (NNN) Sale Leaseback
✓ Lease Commenced September 2022
✓ Two Percent (2.00%) Rental Increases Occurring Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Rapidly Expanding Operator | Operate Approximately 40+ Units with Extensive Pipeline for Continued Growth
NNN Pro Group is pleased to present the exclusive listing for an Oil Changers located at 1247 Portola Ave, Livermore, CA. The site consists of roughly 1,674 rentable square feet of building space on an estimated 0.38-acre parcel of land. The site will be subject to a 15-year sale-leaseback with Oil Changers. The current annual rent is $135,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
– 15-Year Triple-Net (NNN) Sale-Leaseback: At closing the Tenant will execute a brand new 15-year absolute triple-net (NNN) master lease. The lease will have no landlord responsibilities.
– Corporate Guaranty: The Guarantor on the lease will be Oil Changer Holding Corporation (150+ Units).
– Attractive Rental Increases: The lease will feature ten percent (10%) rental increases every five (5) years that will continue through the base term and into the four, five-year tenant renewal option periods.
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 listing for a Parachute Plasma located at 1501 S Muskogee Ave in Tahlequah, Oklahoma. The site consists of roughly 6,917 rentable square feet of building space on estimated 0.87-acre parcel of land. This Parachute Plasma is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The current annual rent is $364,198 and is scheduled to increase by 2% annually starting in year 6 and throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term, Brand New 20-Year Absolute Triple Net (NNN) Lease
✓ Two Percent (2%) Rental Increases Occurring Annually Starting Year 6
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by Join Parachute: 17+ Locations
NNN Pro Group is pleased to present the exclusive listing for a Party City located at 3098 Long Beach Rd in Oceanside, NY. The site consists of roughly 15,500 rentable square feet of building space on estimated 1.24-acre parcel of land. This Party City is subject to a 12-year absolute double-net (NN) lease extension, which commenced June 1st, 2020. The current annual rent is $486,396 and is scheduled to increase to $510,276 in December 2024. Party City has operated at this location since 1998.
About the Investment:
✓ Early Lease Extension | 8.50+ Years Remaining
✓ Strong Location Commitment | Party City Has Operated at this Location Since 1998
✓ Attractive 5% Rental Increase on 12/1/2024
✓ High Performing Location | Above Average Sales – Contact Agent for More Info
✓ 100% Expense Reimbursement From Tenant
NNN Pro Group is pleased to present the exclusive listing for a Perkins located at 7520 University Ave NE in Fridley, MN. The site consists of roughly 4,974 rentable square feet of building space on estimated 1.75-acre parcel of land. This Perkins is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The starting rent will be $125,140 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:
✓ 20-Year Absolute Triple Net (NNN) Lease
✓ Passive Investment Offering a Long-Term Security of Cash Flow
✓ Attractive 1.5% Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 4034 South Cleve – Mass Rd, Norton, OH 44203. The site will consist of roughly 1,336 rentable square feet of building space on estimated 0.96-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 $87,481 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:
– Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
– 1.75% Rental Increases Annually Starting Year Seven (7)
– Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
– Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
– Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 2665 Manchester Rd, Akron, OH 44319. The site will consist of roughly 3,029 rentable square feet of building space on estimated 0.80-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 $88,826 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.
Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
1.75% Rental Increases Annually Starting Year Seven (7)
Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 311 East Lincoln Way, Minerva, OH 44657. The site will consist of roughly 2,626 rentable square feet of building space on estimated 0.33-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 $70,068 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.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 55 South Miller Dr, Sunbury, OH 43074. The site will consist of roughly 2,903 rentable square feet of building space on estimated 0.98-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 $60,793 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.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 8875 Darrow Rd, Twinsburg, OH 44087. The site will consist of roughly 3,302 rentable square feet of building space on estimated 1.46-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 $50,000 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:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 35050 Euclid Ave, Willoughby, OH 44094. The site will consist of roughly 2,944 rentable square feet of building space on estimated 0.93-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 $79,018 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:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 16848 St Clair Ave, E. Liverpool, OH 43920. The site consists of roughly 2,974 rentable square feet of building space on estimated 0.90-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.
Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
1.75% Rental Increases Annually Starting Year Seven (7)
Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 35050 Euclid Ave, Willoughby, OH 44094. The site will consist of roughly 2,987 rentable square feet of building space on estimated 0.90-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:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 556 Main St, Wellsville, OH 43968. The site will consist of roughly 2,266 rentable square feet of building space on estimated 0.28-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 $65,000 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:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 1951 West Prospect Rd, Ashtabula, OH 44004. The site will consist of roughly 3,116 rentable square feet of building space on estimated 2.67-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 $97,500 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:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 2400 Lincoln Way East, Massillon, OH 44646. The site will consist of roughly 2,981 rentable square feet of building space on estimated 0.74-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 $64,398 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.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 2797 East Waterloo Rd, Akron, OH 44312. The site will consist of roughly 2,529 rentable square feet of building space on estimated 1.00-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 $75,058 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.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 3490 Colorado Ave, Lorain, OH 44052. The site will consist of roughly 1,155 rentable square feet of building space on estimated 1.21-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 $97,115 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.
Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
1.75% Rental Increases Annually Starting Year Seven (7)
Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 14920 State Rt 58 S, Oberlin, OH 44074. The site will consist of roughly 2,797 rentable square feet of building space on estimated 2.15-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 $70,322 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.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 239 North Market St, E. Palestine, OH 44413. The site will consist of roughly 675 rentable square feet of building space on estimated 0.38-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 $60,000 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:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
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 exclusive listing for a Pizza Hut located at 1212 Delaware Avenue in McComb, MS. The site consists of roughly 3,096 rentable square feet of building space on estimated 0.78-acre parcel of land. This Pizza Hut will be subject to a 15-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $102,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Relocation Site | Tenant is Moving from a Location Less than a Mile Away
✓ Long-Term, 15-Year Triple Net (NNN) Lease
✓ 10% Rental Increases Every 5 Years
✓ Four (4), Five (5)-Year Tenant Renewal Option Periods
✓ 100+ Unit Operator | Tenant Entity Comprised of Approximately 52 Units
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 1165 Mentor Ave, Painesville, OH 44077. The site will consist of roughly 1,302 rentable square feet of building space on estimated 0.43-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 $76,737 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.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
✓ 1.75% Rental Increases Annually Starting Year Seven (7)
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
✓ Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 795 Y’town-Warren Rd, Niles, OH 44446. The site will consist of roughly 2,940 rentable square feet of building space on estimated 1.44-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 $84,401 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:
– Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
– 1.75% Rental Increases Annually Starting Year Seven (7)
– Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
– Franchisee Guarantee from SFR XI Holdings, LLC – Approximately 120+ Units
– Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.
NNN Pro Group is pleased to present the exclusive listing for a Pizza Hut located at 3510 Knickerbocker Rd in San Angelo, TX. The site consists of roughly 2,651 rentable square feet of building space on estimated 0.28-acre parcel of land. This Pizza Hut is subject to a 15-year absolute triple-net (NNN) lease, which commenced September 9, 2005. The current annual rent is $75,000 and is scheduled to increase by 2.50% annually throughout the base term and in each of the 2, 5-year renewal options.
About the Investment:
✓ Long Term Absolute Triple Net (NNN) Lease | +/- 15 Years Remaining
✓ Two and One-Half Percent (2.50%) Annual Rental Increases
✓ Two (2), Five (5)-Year Tenant Renewal Options
✓ Tenant Shall Invest $400,000 into Site by End of 2025
✓ Fee Simple Ownership
NNN Pro is pleased to present the exclusive listing for a Popeyes located at 2505 Hwy 80 West, Jackson, MS 39204. The site consists of roughly 2,382 rentable square feet of building space on an estimated 0.86-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2019. The current annual rent is $81,000 and has scheduled increases of 1.00% Annually Starting Year 11.
Long Term Triple-Net (NNN) Lease
The 15+ Year Lease will Have No Landlord Responsibilities
Attractive Rental Increases and Renewal Options
One Percent (1.0%) Annual Rent Increases Starting in 2030 and Six (6)
Tenant Renewal Periods of Five (5) Years Each
Compelling Location Fundamentals
Subject Property is Approximately 2-Miles from Downtown Jackson, MS
NNN Pro is pleased to present the exclusive listing for a Popeyes located at 4725 Clinton Blvd, Jackson, MS 39209. The site consists of roughly 2,628 rentable square feet of building space on an estimated 0.32-acre parcel of and. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2019. The current annual rent is $83,000 and has scheduled increases of 1.00% Annually Starting Year 11.
Long Term Triple-Net (NNN) Lease
The 15+ Year Lease will Have No Landlord Responsibilities
Attractive Rental Increases and Renewal Options
One Percent (1.0%) Annual Rent Increases Starting in 2030 and Six (6)
Tenant Renewal Periods of Five (5) Years Each
Compelling Location Fundamentals
Subject Property is Approximately 5-Miles from Downtown Jackson, MS
NNN Pro is pleased to present the exclusive listing for a Popeyes located at 1715 E Tipton Street, Seymour, IN 47274. The site consists of roughly 2,255 rentable square feet of building space on an estimated 1.35-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2019. The current annual rent is $75,000 and has scheduled increases of 1.00% Annually Starting Year 11.
Long Term Triple-Net (NNN) Lease
The 15+ Year Lease will Have No Landlord Responsibilities
Attractive Rental Increases and Renewal Options
One Percent (1.0%) Annual Rent Increases Starting in 2030 and Six (6)
Tenant Renewal Periods of Five (5) Years Each
Affluent Community
The Average Household Income is More Than $73,100 Within a Ten-Mile
Radius of the Subject Property
NNN Pro Group is pleased to present the Prime Meridian Bank located at 1471 Timberlane Road in Tallahassee, FL. The site consists of roughly 14,727 rentable square feet of building space on an estimated 1.24-acre parcel of land. This property is subject to an absolute triple net (NNN), which expires on July 31, 2034. The current annual rent is $294,000 and is scheduled to increase by 10%every 5 years and in each of the option periods.
✓ Long-Term Absolute NNN Lease | Full Scale Exterior and Interior Renovations in 2020
✓ 15-Year Lease Signed in 2019 | Recast of a Long-Term Lease
✓ Prime Location | Several Anchor Tenants | Trader Joe’s, Publix, CVS, Hobby Lobby
✓ Excellent Ease of Access and Visibility Off Timberline Road and Thomasville Road|Great Exposure & Visibility
✓ As of 2023, This Prime Meridian Bank Reported Total Deposits Exceeding
$472,790,000, Reflecting its Robust Presence and Trust Among Customers
✓ 65% Of Deposit Market Share For The Entire Zip Code
✓ Compelling Demographics | Over 269,000 Individuals Residing Within a Ten Mile Radius
✓ Flagship Location | This Location Makes Up 63% Of Prime Meridian Banks Total Deposits
The NNN Pro Group is pleased to present the exclusive listing for NR Automotive located at 2045 E Magnolia in Knoxville, TN. The site consists of roughly 6,006 rentable square feet of building space on estimated 0.67-acre parcel of land. Nr Automotive will be subject to a 20-year absolute triple-net (NNN) lease, which will commence upon the Close of Escrow. The annual rent will be $150,000 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale Leaseback
✓ Lease to Commence Upon Close of Escrow
✓ Two Percent (2.00%) Rental Increases Occurring Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Rapidly Expanding Operator | Operate Approximately +35 Units with Extensive Pipeline for Continued Growth
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 1725 Rainbow Drive in Gadsden, AL. The site consists of roughly 9,638 rentable square feet of building space on estimated 1.48-acre parcel of land. This Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced December 17th, 2015. The current annual rent is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term 25-Year Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
✓ +/- 19 Years Of Lease Term Remaining With 2.00% Annual Bumps
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Corporate Tenant | Corporate Guarantee
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 27760 Novi Road, in Novi, MI. The site consists of roughly 8,290 rentable square feet of building space on an estimated 2.81-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 $473,0121 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)
✓ Oversized 2.81 Acre Lot
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 4381 Venture Drive, in Peru, IL. The site consists of roughly 4,077 rentable square feet of building space on an estimated 1.61-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 $152,6401 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
✓ 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)
✓ Oversized 1.61 Acre Lot
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 3002 Saint Michael Dr., Texarkana, TX 75503. The site consists of roughly 6,650 rentable square feet of building space on estimated 1.77-acre parcel of land. This Red Lobster is subject to a 15.43-year absolute triple-net (NNN) lease, which commenced December 17th, 2015. The current annual rent is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
– Long-Term, Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
– +/- 15.4 Years Of Lease Term Remaining With 2.00% Annual Bumps
– Four (4), Five (5)-Year Tenant Renewal Options
– Corporate Tenant | Corporate Guarantee
– Ranked in the 71st Percentile in Site Visits Out of All Red Lobster Locations According to Placer.AI* (18,991/66,997)
NNN Pro Group is pleased to present the Red Lobster located at 4825 Coldwater Road in Fort Wayne, IN. The site consists of roughly 9,497 rentable square feet of building space on an estimated 1.57-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, Absolute Triple Net (NNN) Lease | Over 15 Years Remaining
✓ World’s Largest Seafood Restaurant | Serving Customers in 11 Countries
✓ Down the Road from Two Shopping Centers | Glenbrook Square Shopping Mall and Northcrest Shopping Center
✓ Corporate Guaranty | Over 640 locations in North America
✓ Strong Inflation Hedge | Attractive 2.0% Annual Increases
✓ Ideal Demographics | Population Exceeds 352,200 Within a Ten-Mile Radius
✓ Prime Location | Several Anchor Tenants | Walmart, Target, Aldi, Costco, Kohl’s, Kroger’s, Best Buy and Many More
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 7800 Bedford-Euless Road in North Richland Hills, Texas. The site consists of roughly 9,157 rentable square feet of building space on estimated 1.79-acre parcel of land. This Red Lobster is subject to an in place, 25-year, absolute triple-net (NNN) lease, with 16.5 years remaining base term. The current rent as of August is $456,992 and is scheduled to increase 2% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 16.5 Years Remaining
✓ Two Percent (2%) Rental Increases Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term Remaining to 36.5 Years
NNN Pro Group is pleased to present the Red Lobster located at 3360 Camp Creek Parkway in Atlanta, GA. The site consists of roughly 7,872 rentable square feet of building space on an estimated 1.89-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.
About the Investment
✓ Long-Term, Absolute Triple Net (NNN) Lease | Over 15 Years Remaining
✓ Outparcel to Camp Creek Marketplace | Large Shopping Center with Several Anchor Tenants
✓ 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 600,500 Within a Ten-Mile Radius
✓ Ranked in the 96th Percentile Nationwide Among All Red Lobsters | #2 in the Nation
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 3519 Country Club Drive, in Jefferson City, MO. The site consists of roughly 4,077 rentable square feet of building space on an estimated 1.22-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 $189,223 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)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 11 West Montgomery Cross Road, in Savannah, GA. The site consists of roughly 7,970 rentable square feet of building space on an estimated 0.60-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 $309,719 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
✓ 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)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 2121 E Market Street, in Harrisonburg, VA. The site consists of roughly 6,170 rentable square feet of building space on an estimated 0.93-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 $159,7811 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
✓ 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)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 1030 Montgomery Highway South, in Vestavia Hills, AL. The site consists of roughly 9,585 rentable square feet of building space on an estimated 2.19-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 $298,115 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)
✓ Oversized 2.19 Acre Lot
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 2801 S. I-35 East, Denton, TX 76210. The site will consist of roughly 7,103 rentable square feet of building space on an estimated 2.11-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $382,045 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year Renewal Options.
About the Investment:
✓ 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)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 1280 S. Clack Street, Abilene, TX 79605. The site will consist of roughly 5,292 rentable square feet of building space on an estimated 1.38-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $271,757 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year Renewal Options.
About the Investment:
✓ 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)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster
located at 1818 University Drive NW, Huntsville, AL 35801. The site will consist of
roughly 8,463 rentable square feet of building space on an estimated 1.81-acre parcel
of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that
commenced on 7/28/2014. The annual rent will be $398,304 in August 2024 and is
scheduled to increase by 2% Annually throughout the base term and continuing
through 4, 5-Year Renewal Options.
About the Investment:
✓ 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)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 2838 Wilma Rudolph Blvd, in Clarksville, TN. The site consists of roughly 8,356 rentable square feet of building space on an estimated 1.00-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 $340,0921 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
✓ 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)
✓ Tennessee – Income Tax Free State
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 6401 Darter Court, in Fort Pierce, FL. The site consists of roughly 6,384 rentable square feet of building space on an estimated 2.14-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 $192,8081 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
✓ 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)
✓ Oversized 2.14 Acre Lot
✓ Florida – Income Tax Free State
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 6231 Sunrise Boulevard in Citrus Heights, California. The site consists of roughly 8,658 rentable square feet of building space on estimated 0.92-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 $473,156 and is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ Long-Term, Absolute Triple-Net (NNN) Lease with Over 16 Years Remaining on the Base Term
✓ Corporate Tenant | Corporate Guaranty
✓ Attractive Rental Increases of Two Percent (2.00%) Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 46 Years
NNN Pro Group is pleased to present the Red Lobster located at 32 Blanding Boulevard in Orange Park, FL. The site consists of roughly 8,032 rentable square feet of building space on an estimated 2.00-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.
About the Investment
✓ Long-Term, Absolute Triple Net (NNN) Lease | Over 15 Years Remaining
✓ Orange Park Mall and Argyle Village Shopping Center Located Down the Road |Several Anchor Tenants
✓ 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 499,500 Within a Ten-Mile Radius
✓ Florida | Income Tax-Free State
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 2220 Nesconset Hwy, Stony Brook, NY 11790. The site will consist of roughly 6,883 rentable square feet of building space on an estimated 1.70-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 12/17/2015. The annual rent will be $343,768 in August 2024 and is scheduled to increase by 2.00% annually throughout the base term and continuing through 4, 5-Year Options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 15 Years Remaining
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
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
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 2801 North Mayfair Road, Wauwatosa, WI. The site consists of roughly 7,650 rentable square feet of building space on an estimated 1.70-acre parcel of land. This Red Lobster is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 1st, 2019. The current annual rent is $386,160 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ Corporate Guaranty | Approximately 700 locations in North America
✓ Two Percent (2%) Rental Increases Annually
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 15.5 Years of Lease Term Remaining
✓ Four (4), Five (5)-Year Tenant Renewal Options
NNN Pro Group is pleased to present the Red Lobster located 215 E Merritt Island Causeway in Merritt Island, FL. The site consists of roughly 8,336 rentable square feet of building space on an estimated 1.84-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.
About the Investment
✓ Long-Term, 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
✓ Long-Term Site History | Site Has Been in Operation Since 1973
✓ Recent Renovation | Site Underwent Extensive Renovations in 2012
✓ Florida | Income Tax-Free State
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 3941 Airport Blvd, Mobile, AL 36608. The site will consist of roughly 8,226 rentable square feet of building space on estimated 1.66-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/01/2016. The annual rent will be $166,909 in August 2024 and is scheduled to increase by 2.00% annually throughout the base term and continuing through 4, 5-Year Options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 15 Years Remaining
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 1515 West Ridge Road, in Rochester, NY. The site consists of roughly 7,686 rentable square feet of building space on an estimated 1.65-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 $347,645 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 15 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)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 300 Eastdale Circle, in Montgomery, AL. The site consists of roughly 8,156 rentable square feet of building space on an estimated 1.70-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 $280,286 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)
✓ Oversized 1.70 Acre Lot
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 3116 Montgomery Highway, in Dothan, AL. The site consists of roughly 5,858 rentable square feet of building space on an estimated 1.15-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 $175,834 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
✓ 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)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 2540 David H McLeod Blvd, Florence, SC 29501. The site will consist of roughly 8,356 rentable square feet of building space on an estimated 1.42-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $255,292 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year Renewal Options.
About the Investment
✓ 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)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 72291 Highway 111, in Palm Desert, CA. The site consists of roughly 6,127 rentable square feet of building space on an estimated 1.35-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 $406,146 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)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 2800 S. Green Bay Road, Mount Pleasant, WI 53406. The site will consist of roughly 5,880 rentable square feet of building space on an estimated 1.45-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $287,427 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year Renewal Options.
About the Investment:
✓ 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)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 100 Interstate 35 N, San Marcos, TX 78666. The site will consist of roughly 5,689 rentable square feet of building space on an estimated 1.44-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 12/17/2015. The annual rent will be $346,561 in August 2024.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases Starting in August 2026
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster
located at 6230 Grand Avenue, Gurnee, IL 60031. The site will consist of roughly 8,207
rentable square feet of building space on an estimated 2.20-acre parcel of land. The
Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on
7/28/2014. The annual rent will be $468,630 in August 2024 and is scheduled to
increase by 2% Annually throughout the base term and continuing through 4, 5-Year
Renewal Options.
About the Investment:
✓ 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)
NNN Pro is pleased to present the exclusive listing for a Red Lobster located at 3941 William Penn Highway, Monroeville, PA 15146. The site consists of roughly 8,066 rentable square feet of building space on an estimated 1.57-acre parcel of land. This Red Lobster is subject to a 25-year Triple Net (NNN) lease, which commenced 12/23/2014. The current annual rent is $354,159 and has scheduled increases of 2.00% Annually.
Strong Rental Increases – 2.00% Annually In Base Term and Options
Long Term NNN Lease – Original 25 Year Lease With Approximately 15.4 Years Remaining
Affluent Community – Average Household Income within a Five-Mile Radius Exceeds $79,400
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 14750 S. LaGrange Road, in Orland Park, IL. The site consists of roughly 8,305 rentable square feet of building space on an estimated 1.65-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 $419,8341 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
✓ 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)
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 3000 Sisk Road in Modesto, California. The site consists of roughly 8,248 rentable square feet of building space on estimated 1.65-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 $506,577 and is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term, Absolute Triple-Net (NNN) Lease with Over 16 Years Remaining on the Base Term
✓ Corporate Tenant | Corporate Guaranty
✓ Attractive Rental Increases of Two Percent (2.00%) Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 46 Years
NNN Pro Group is pleased to present the Red Lobster located at 7607 Day Drive in Parma, Ohio. The site consists of roughly 7,491 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.
About the Investment
✓ Long-Term, 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 770,900 Within a Ten-Mile Radius
✓ The Shoppes at Parma Located Down the Road | Several Anchor Tenants
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 2027 Beltline Rd in Decatur, AL. The site consists of roughly 6,165 rentable square feet of building space on estimated 1.83-acre parcel of land. This Red Lobster is subject to a 22-year absolute triple-net (NNN) lease, which commenced May 26, 2017. The current annual rent will be $137,879 on August 1, 2024 and is scheduled to increase by 2.00%annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.
✓ Long-Term, 25-Year Absolute Triple Net (NNN) Lease
✓ Approximately 15+ Years Remaining
✓ Two Percent (2.00%) Rental Increases Annually | Strong Hedge Against Inflation
✓ Four (4), Five (5)-year Tenant Renewal Options, Bringing The Potential Lease Term To 39 Years
✓ Extremely Low and Replaceable Rent and Price Per Foot
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 29980 Plymouth Road, in Livonia, MI. The site consists of roughly 8,141 rentable square feet of building space on an estimated 1.94-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 $199,0561 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) Oversized 1.94 Acre Lot
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 1001 E Central Texas Expressway, in Killeen, TX. The site consists of roughly 8,356 rentable square feet of building space on an estimated 1.77-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 $360,6221 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)
✓ Oversized 1.77 Acre Lot
✓ Texas – Income Tax Free State
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 3000 Pines Mall Drive, in Pine Bluff, AR. The site consists of roughly 4,077 rentable square feet of building space on an estimated 1.21-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 $212,429 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
✓ 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)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 803 S. University Drive, Plantation, FL 33324. The site will consist of roughly 7,978 rentable square feet of building space on an estimated 2.01-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $489,161 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year 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)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 3559 Shepherd Of The Hills Exp, Branson, MO 65616. The site will consist of roughly 6,714 rentable square feet of building space on an estimated 2.69-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $301,659 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year 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)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 8040 Kingston Pike, Knoxville, TN 37919. The site will consist of roughly 9,600 rentable square feet of building space on an estimated 1.88-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/27/2016. The annual rent will be $318,553 in August 2024.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases Starting in August 2026
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster
located at 435 Shawnee Mall Drive, Shawnee, OK 74804. The site will consist of
roughly 3,840 rentable square feet of building space on an estimated 1.07-acre parcel
of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that
commenced on 7/28/2014. The annual rent will be $265,111 in August 2024 and is
scheduled to increase by 2% Annually throughout the base term and continuing
through 4, 5-Year Renewal Options.
About the Investment:
✓ 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)
NNN Pro is pleased to present the exclusive listing for a Red Lobster located
at 1690 Westbrook Plaza Dr., Winston-Salem, NC 27103. The site consists
of roughly 8,292 rentable square feet of building space on an estimated
2.49-acre parcel of land. This Red Lobster is subject to a 25-year Triple Net
(NNN) lease, which commenced 12/23/2014. The current annual rent is
$417,893 and has scheduled increases of 2.00% Annually.
Investment Highlights:
NNN Pro is pleased to present the exclusive listing for a Red Lobster located
at 755 Zane Street, Zanesville, OH 43701. The site consists of roughly 8,521
rentable square feet of building space on an estimated 2.5-acre parcel of
land. This Red Lobster is subject to a 25-year Triple Net (NNN) lease, which
commenced 12/23/2014. The current annual rent is $316,244 and has
scheduled increases of 2.00% Annually.
Investment Highlights:
NNN Pro Group is pleased to present the Red Lobster located at 3255 US Highway 1 in Lawrenceville, NJ. The site consists of roughly 7,537 rentable square feet of building space on an estimated 2.25-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, 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
✓ Highly Affluent Area | Average Household Income Exceeds $146,200 Within a Three-Mile Radius
✓ Down the Road from Three Shopping Centers | Quaker Bridge Mall, Mercer on One Mall, and Nassau Park Pavilion
NNN Pro is pleased to present the exclusive listing for a Red Lobster located
at 525 Galleria Drive, Johnston, PA 15904. The site consists of roughly 8,432
rentable square feet of building space on an estimated 2.57-acre parcel of
land. This Red Lobster is subject to a 25-year Triple Net (NNN) lease, which
commenced 7/28/2014. The current annual rent is $298,202 and has
scheduled increases of 2.00% Annually.
Investment Highlights:
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 3930 N. Main Street, in Mishawaka, IN. The site consists of roughly 7,103 rentable square feet of building space on an estimated 1.88-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 $301,7091 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)
✓ Oversized 1.88 Acre Lot
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 2147 S. Hamilton Road, in Columbus, OH. The site consists of roughly 9,579 rentable square feet of building space on an estimated 1.73-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 $344,8791 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 15 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)
✓ Oversized 1.73 Acre Lot
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 2520 Route 22, Union, NJ 07083. The site will consist of roughly 10,908 rentable square feet of building space on an estimated 1.81-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 2/15/2017. The annual rent is $402,040 and is scheduled to increase by 2.00% annually throughout the base term and continuing through 4, 5-Year Options.
About the Investment
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 18 Years Remaining
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 20 Towne Center Circle in Sanford, FL. The site consists of roughly 8,495 rentable square feet of building space on an estimated 2.57-acre parcel of land.
This Red Lobster is subject to a long-term absolute triple-net (NNN) lease, which commenced July 28th, 2014. The current annual rent is $385,142 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, 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
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)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 2497 S. Stemmons Freeway, in Lewisville, TX. The site consists of roughly 9,100 rentable square feet of building space on an estimated 2.20-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 $324,0251 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
✓ 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)
✓ Oversized 2.20 Acre Lot
✓ Texas – Income Tax Free State
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 4016 Milan Road, Sandusky, OH 44870. The site will consist of roughly 6,400 rentable square feet of building space on an estimated 2.10-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $288,467 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year 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)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 230 Cypress Garden Blvd, Winter Haven, FL 33880. The site will consist of roughly 9,036 rentable square feet of building space on an estimated 2.07-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $381,153 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year Renewal Options.
About the Investment:
✓ 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)
NNN Pro is pleased to present the exclusive listing for a Red Lobster located
at 1425 13th Street, Columbus, GA 31901. The site consists of roughly 7,751
rentable square feet of building space on an estimated 1.27-acre parcel of
land. This Red Lobster is subject to a 25-year Triple Net (NNN) lease, which
commenced 12/23/2014. The current annual rent is $170,548 and has
scheduled increases of 2.00% Annually.
About the Investment:
Strong Rental Increases
2.00% Annually In Base Term and Options
Long Term NNN Lease
Original 25 Year Lease With Approximately 15.4 Years Remaining
Strong Demographics
Over 165,100 Individuals Residing Within a Five-Mile Radius
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 3000 Sisk Road in Modesto, California. The site consists of roughly 8,248 rentable square feet of building space on estimated 1.65-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 $496,644 and is scheduled to increase by 2%annually throughout the base term and in each of the 4, 5-year renewal options.
✓ Long-Term, Absolute Triple-Net (NNN) Lease with Over 17 Years Remaining on the Base Term
✓ Corporate Tenant | Corporate Guaranty
✓ Attractive Rental Increases of Two Percent (2.00%) Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 46 Years
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 2691 N. US 31 South, in Traverse City, MI. The site consists of roughly 5,633 rentable square feet of building space on an estimated 2.30-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 $241,3151 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
✓ 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)
✓ Oversized 2.30 Acre Lot
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 701 Spring Hill Ring Road, in West Dundee, IL. The site consists of roughly 7,249 rentable square feet of building space on an estimated 1.00-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 $289,7571 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
✓ 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)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 2200 Bams Drive, in Chattanooga, TN. The site consists of roughly 9,100 rentable square feet of building space on an estimated 1.97-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 $537,3891 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)
✓ Oversized 1.97 Acre Lot
✓ Tennessee – Income Tax Free State
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 5825 S. Padre Island Dr, Corpus Christi, TX 78412. The site will consist of roughly 8,224 rentable square feet of building space on an estimated 1.61-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/27/2016. The annual rent will be $473,799 in August 2024.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases Starting in August 2026
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 1400 Howe Avenue in Sacramento, California. The site consists of roughly 9,200 rentable square feet of building space on estimated 1.64-acre parcel of land. This Red Lobster is subject to a 20-year absolute triple-net (NNN) lease, which commenced October 28th, 2015. The current annual rent is $505,112 and is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ Long-Term, Absolute Triple-Net (NNN) Lease with Over 17 Years Remaining on the Base Term
✓ Corporate Tenant | Corporate Guaranty
✓ Attractive Rental Increases of Two Percent (2.00%) Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 46 Years
NNN Pro Group is pleased to present the Red Lobster located at 4231 196th Street SW in Lynnwood, WA. The site consists of roughly 9,382 rentable square feet of building space on an estimated 1.69-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.
About the Investment:
– Long-Term, 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 350,000 Within a Five-Mile Radius
– Strategically Located Only 16 Miles From Downtown Seattle!
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
NNN Pro Group is pleased to present the Red Lobster located at 401 S Mount Juliet Road in Mount Juliet, TN. The site consists of roughly 6,800 rentable square feet of building space on an estimated 1.55-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, Absolute Triple Net (NNN) Lease | Over 15 Years Remaining
✓ Outparcel to Providence Marketplace | Large Shopping Center with Several Anchor Tenants
✓ 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 243,400 Within a Ten-Mile Radius
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 3311 I-40 West, in Amarillo, TX. The site consists of roughly 7,468 rentable square feet of building space on an estimated 1.62-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 $399,8981 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)
✓ Texas – Income Tax Free State
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 119 Temple Lake Ave in Colonial Heights, Virginia. The site consists of roughly 8,412 rentable square feet of building space on an estimated 2.07-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced February 14, 2017. The current annual rent is $301,8951 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 15 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)
✓ Oversized 2.07 Acre Lot
