NNN Pro Group is pleased to present the exclusive listing for a 7-Eleven located at 3226 Solomons Island Rd. in Edgewater, MD. The site consists of roughly 2,909 rentable square feet of building space on estimated 1.45-acre parcel of land. This 7-Eleven is subject to a 15-year modified triple-net (NNN) lease, which commenced November 1st, 2021. The current annual rent is $220,000 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:
✓ Long-Term, 15-Year Modified Triple Net (NNN) Lease
✓ Approximately 13 Years Remaining
✓ Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
✓ Three (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 33 Years
NNN Pro is pleased to present the exclusive listing for an Arko C-Store / Gas Station located at 14330 Crain Highway in Brandywine, MD. The site consists of roughly 1,524 rentable square feet of building space on estimated 2.57-acre parcel of land. This ARKO is subject to a 20-year absolute triple-net (NNN) lease, which commenced October 18, 2021. The current annual rent is $432,187 and is scheduled to increase by 2% annually throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 17+ Years Remaining
✓ Two Percent (2%) Annual Rental Increases
✓ Six (6), Five (5)-Year Tenant Renewal Options
NNN Pro Group is pleased to present the exclusive listing for a Bank of America located at 3224 Solomons Island Rd, Edgewater MD. The site consists of roughly 4,553 rentable square feet of building space on estimated 1.32-acre parcel of land. This Bank of America is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 8th, 2004. Bank of America recently extended their first renewal option early, moving the expiration date to December 7th, 2029. The current annual rent is $228,159 and is scheduled to increase by 12% in each of the remaining 2, 5-year renewal options.
About the Investment:
The NNN Pro Group is pleased to present the exclusive listing for the Chick-fil-A located at 6965 Security Boulevard in Baltimore, Maryland. The site consists of roughly 4,989 rentable square feet of building space on an estimated 1.46-acre parcel of land. This Chick-fil-A opened on December 12, 2022 and is subject to a 20-year absolute triple-net (NNN) ground lease. The initial annual rent is $135,750 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 8, 5-year renewal options.
✓ Brand-New 20-Year Ground Lease
✓ Absolute Triple Net | Zero Landlord Responsibilities
✓ Attractive Rental Escalations | 10% Every 5 Years
✓ (8) Eight, (5) Five-Year Options Bringing the Potential Lease Term to 60 Years!
✓ Situated as an Outparcel to Macy’s and the Security Square Mall
✓ Security Square Mall Ranks in the 70th Percentile for Most Visited Regional Malls in the Entire Country According to Placer.ai
✓ Centered Between Two Major Government Institutions | US Department of Health and Human Services and US Social Security Administration
NNN Pro Group and Marcus & Millichap are pleased to present the exclusive listing for Flagship Carwash, located at 155 St Patricks Dr in Waldorf, MD. The site consists of roughly 15,700 total rentable square feet of building space on an estimated total of 2.11-acres of land. This Flagship Carwash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent is $700,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Corporate Guaranty from Flagship HoldCo LLC | 34+ Unit Guaranty
✓ 1.50% Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Accelerated & Bonus Depreciation | Properties Qualify for Both 60% Bonus Depreciation & 15 Year Accelerated Depreciation
NNN Pro Group and Marcus & Millichap are pleased to present the exclusive listing for Flagship Carwash, located at 10765 Wawa Ln in White Plains, MD. The site consists of roughly 5,367 total rentable square feet of building space on an estimated total of 1.12-acres of land. This Flagship Carwash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent is $383,500 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
– Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
– Corporate Guaranty from Flagship HoldCo LLC | 34+ Unit Guaranty
– 1.50% Annual Rental Increases
– Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
– Accelerated & Bonus Depreciation | Properties Qualify for Both 60% Bonus Depreciation & 15 Year Accelerated Depreciation
About the Investment:
NNN Pro Group is pleased to present the exclusive listing for an NTB-National Tire & Battery located at 2022 West St in Annapolis, MD. The site consists of roughly 6,394 rentable square feet of building space on estimated 0.34-acre parcel of land. This NTB-National Tire & Battery is subject to a 20-year absolute triple-net (NNN) lease, which commences upon close of escrow. The current annual rent is $175,500 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
Long Term 20-Year Sale-Leaseback
Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
Six (6) Tenant Renewal Periods of Five (5) Years Each
Corporate Guarantee from Mavis Discount Tire | 2,000+ Locations
The NNN Pro Group is pleased to present the exclusive listing for The Auto Spa Express located at 1620 Wesel Blvd, Hagerstown, MD 21740. The site will consist of roughly 3,325 rentable square feet of building space on estimated 1.06-acre parcel of land. The Auto Spa Express is subject to an absolute triple-net (NNN) lease that commenced on 7/01/2021. The initial annual rent is $135,000 and is scheduled to increase by 10% every 5-years throughout the base term and continuing through 4, 5-Year Options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 18 Years Remaining
✓ 10.00% Rental Increases Occurring Every 5 Years
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ This Property Qualifies for 15-Year Accelerated Depreciation as well as Bonus Depreciation
