NNN Pro Group is pleased to present the exclusive listing for a Bob Evans located at 3233 Whitehall Pike in Bloomington, Indiana. The site consists of roughly 4,983 rentable square feet of building space on estimated 0.98-acre parcel of land. This Bob Evans is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 24th, 2023. The current annual rent is $159,181 and is scheduled to increase 2% annually starting on May 1st 2027 and throughout the base term as well as in each of the 4, 5-year renewal options.
Long-Term, 20-Year Absolute Triple Net (NNN) Lease
Two Percent (2%) Annual Rental Increases Starting May 1st 2027
Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
Corporate Guarantee From Bob Evans Restaurants, LLC (440+ Corporate Locations)
Tenant Recently Extended the Base Term to 20 Years Proving Their Commitment to the Location
NNN Pro Group is pleased to present the exclusive listing for a Mammoth Car Wash located at 6801 Lloyd Expressway in Evansville, Indiana. The site consists of 4,667 total square feet of building space and sits on 1.81 acres of land. The site will be subject to a 20-year sale-leaseback with Mammoth Holdings, LLC. The lease will call for 1.50%annual rental escalations during the base term and throughout the four, five-year renewal option periods.
About the Investment:
✓ 20-Year Triple-Net (NNN) Lease: At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple-Net Lease | Lease will Have No Landlord Responsibilities
✓ Corporate Guarantee: The Lease will be Subject to a Corporate Guarantee by Mammoth Holdings, LLC (100+ Unit Operator)
✓ Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Lease will Include 1.50% Annual Rental Increases
NNN Pro Group is pleased to present the exclusive listing for a Parachute Plasma located at 2608 N 6th St in Vincennes, Indiana. The site consists of roughly 7,120 rentable square feet of building space on estimated 0.99-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 $343,496 and is scheduled to increase by 2% annually starting in year 6 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
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 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 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 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 Red Lobster located at 1450 E 82nd Ave in Merrillville Indiana. The site consists of roughly 7,942 rentable square feet of building space on an estimated 2.09-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
✓ Southlake Mall Located Across Mississippi St | One of Indiana’s Largest Shopping Malls With Over 160 Specialty Shops
✓ 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
✓ Ranked in the 85th Percentile Nationally on Placer.ai*
NNN Pro Group is pleased to present the exclusive listing for a Take 5 Car Wash located at 3451 North Main Street in Fuquay Varina, NC. The site consists of roughly 4,057 rentable square feet of building space on estimated 1.09-acre parcel of land. This Take 5 Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $220,000 and is scheduled to increase by 1.50% Annually throughout the base term and in each of the 4, 5-year renewal options.
✓ 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
✓ Corporate Guarantee: The Leases will be subject to Corporate Guarantees by Driven Brands Inc
✓ Accelerated and Bonus Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Leases will Include 1.50% Annual Rental Increases
