NNN Pro Group is pleased to present the exclusive listing for Family Dollar located at 12 Minnesota Avenue N, Aitkin, Minnesota. The site consists of roughly 8,359 rentable square feet of building space on estimated 0.85-acre parcel of land. This Family Dollar is subject to a 15-year absolute triple-net (NNN) lease, which commenced December 18th, 2015. The current annual rent is $110,092.08 and is scheduled to increase by 10% in July 2025, and in each of the 6, 5-year renewal options.
Original 15-Year Absolute Triple Net (NNN) Lease
Approximately 6.8 Years Remaining
Ten Percent (10%) Rental Increase in July 2025
Six (6), Five (5)-Year Tenant Renewal Options
NNN Pro Group is pleased to present the exclusive listing for a Mammoth Car Wash located at 2180 7th Street in White Bear Lake, Minnesota. The site consists of 13,659 total square feet of building space and sits on 0.72 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 (130+ 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 Mammoth Car Wash located at 9093 Broderick Blvd in Inver Grove Heights, Minnesota. The site consists of 4,652 total square feet of building space and sits on 1.35 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 (130+ 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 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
