NNN Pro Group is pleased to present the exclusive listing for a KFC located at 300 S Jefferson Avenue in Lebanon, Missouri. The site consists of roughly 3,454 rentable square feet of building space on estimated 0.59-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease, which July 31st, 2023. The current annual rent is $124,875 and is scheduled to increase by 2.00% annually through 2029 and then 1.50% annually throughout the remainder of the base term and in each of the 3, 5-year renewal options.
✓ Long Term 20-Year Absolute Triple Net (NNN) Lease
✓ New Lease Signed in July 2023
✓ Two Percent (2.00%) Annual Rental Increases Through Year 6
✓ One and a Half (1.50%) Annual Rental Increases for Remainder of the Lease
✓ Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
✓ Fee Simple Ownership
NNN Pro is pleased to present the exclusive listing for a Redevelopment Opportunity located at 2237 E Sunshine Street in Springfield, Missouri. The site consists of an estimated 0.71-acre parcel of land. This Redevelopment Opportunity is a currently operating KFC drive-thru that has indicated lease termination to consolidate operations locally. The lease will expire in August of 2024 with a current monthly rent of $10,393. The site offers great visibility on a major thoroughfare with traffic counts of over 31,300 and 37,300 vehicles per day along Sunshine Street and Glenstone Avenue.
NNN Pro Group is pleased to present the exclusive listing for a Parachute Plasma located at 814 S Bishop Ave in Rolla, Missouri. The site consists of roughly 6,408 rentable square feet of building space on estimated 1.03-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 $404,069 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 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)
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)
NNN Pro Group is pleased to present the exclusive listing for a Slim Chickens located at 4641 Cochise Drive in Independence, Missouri. Built in 2014, the property consists of approximately 3,185 square feet of building space and is situated on roughly 0.75 acres of land. The Slim Chickens is subject to a 22-year absolute triple-net (NNN) lease, which commenced August 3rd, 2015. The current annual rent is $173,443 and is scheduled to increase by one and a half percent (1.50%) annually starting in April 2027 and continue throughout the base term and in each of the four (4), five (5)-year renewal option.
✓ Long-Term, 22-Year Absolute Triple Net (NNN) Lease With +13.5 Years Remaining
✓ Strong Hedge Against Inflation | One and a Half Percent (1.50%) Annual Rental Increases Starting April 2027
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 42 Year
NNN Pro Group is pleased to present the exclusive listing for a Walgreens located at 1 South Kingshighway, Cape Girardeau, MO 63703. The site consists of roughly 13,502 rentable square feet of building space and sits on an approximately 1.1-acre parcel of land. Walgreens is subject to a ±6-year double-net (NN) lease, which commenced on January 7th, 1995. The lease expires on 01/31/2030 and has 5-5 Yr. options remaining. The current annual rent is $198,655 and is scheduled to remain flat until 01/31/2055.
Approximately 6 Years Remaining on a Double-Net Lease | Strong Site Commitment –Lease Commenced in 1995
Top Ranking Walgreens in Site Visits According to Placer.AI | Ranked in the 93rd Percentile of all Walgreens Locations Nationally in Site Visits (Top 6.2% | 478/7,711)*
Corporate Location, Corporate Guarantee by Walgreens | Strong Site Commitment
Five (5) – Five (5) Year Tenant Renewal Option Periods Bringing Lease Term Up to 31 Years
13,502 SF Freestanding Building on 1.1 Acres of Land
Highly Visible Storefront with Drive Thru and a Large Parking Lot on a Signalized Intersection
NNN Pro Group is pleased to present the exclusive listing for a Wendy’s located at 1330 South Main Street, Sikeston, MO. The site consists of roughly 2,046 rentable square feet of building space on estimated 0.72-acre parcel of land. This Wendy’s is subject to a 20-year absolute triple-net (NNN) lease, which commences upon Close of Escrow. The annual rent will be $150,000 and is scheduled to increase by the Lesser of Change in CPI or 1.50% Annually throughout the base term and in each of the Six (6), Five (5)-Year Renewal Options.
✓ Brand New 20-Year Sale-Leaseback
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases | Lesser of Change in CPI or One and a Half Percent (1.50%) Annually
✓ Six (6) Tenant Renewal Periods of Five (5) Years Each
✓ Brand New Construction! | Expected Opening in June 2024
