located at 442 Elizabeth Avenue in Somerset, New Jersey. The site consists of roughly 5,269 rentable square feet of building space on estimated 1.02-acre parcel of land. This Mavis Discount Tire is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 17th, 2021. The current annual rent is $190,000 and is scheduled to increase by 1.50% annually starting year 7 and in each of the 6, 5-year renewal options.
About the Investment:
– Long Term 20-Year Lease Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Approximately 18 Years Remaining
– Attractive Rental Increases of One-and-a-Half Percent (1.50%) Annually After Year Seven (7)
– Six (6) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Mavis Discount Tire located at 325 North Main Street (Rt. 9) in Lanoka Harbor, New Jersey. The site consists of roughly 5,210 rentable square feet of building space on estimated 1.95-acre parcel of land. This Mavis Discount Tire is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 17th, 2021. The current annual rent is $200,286 and is scheduled to increase by 1.50% annually starting year 7 and in each of the 6, 5-year renewal options.
About the Investment:
– Long Term 20-Year Lease Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Approximately 18 Years Remaining
– Attractive Rental Increases of One-and-a-Half Percent (1.50%) Annually After Year Seven (7)
– Six (6) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Mavis Discount Tire located at 275 Broadway in Keyport, New Jersey. The site consists of roughly 12,676 rentable square feet of building space on estimated 0.32-acre parcel of land. This Mavis Discount Tire is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 17th, 2021. The current annual rent is $123,000 and is scheduled to increase by 1.50% annually starting year 7 and in each of the 6, 5-year renewal options.
About the Investment:
– Long Term 20-Year Lease Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Approximately 18 Years Remaining
– Attractive Rental Increases of One-and-a-Half Percent (1.50%) Annually After Year Seven (7)
– Six (6) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Mavis located at 301 E Millestream Road in Cream Ridge, NJ. The site consists of roughly 6,667 rentable square feet of building space on estimated 0.78-acre parcel of land. This Mavis is subject to a 20-year absolute triple-net (NNN) lease, which commences upon close of escrow. The current annual rent is $164,063 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
– 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
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
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)
About the Investment:
✓ Long-Term, 21-Year Absolute Triple Net (NNN) Lease | Over 20 Years of NNN Term
Remain | Zero Landlord Responsibilities
✓ Located Across from Lumberton Plaza Mall | Extremely High Visibility From
Intersection
✓ Highly Exposure Location| Route 38 and Mount Holly Bypass| 38,900 and 37,100
Vehicles Per Day, Respectively
✓ Ideal Consumer Base for Vehicle Repair Services that Spark Offers
✓ Average Household Income of Over $111,000
✓ 2% Annual Rental Increases | Ideal Location for a Car Wash in Affluent Core New
Jersey Market
About the Investment:
✓ Long-Term, 21-Year Absolute Triple Net (NNN) Lease | Over 19 Years of NNN Term
Remain
✓ 1.75% Annual Rental Increases | Ideal Location for a Car Wash in Affluent Core New
Jersey Market
About the Investment:
✓ Long-Term, 21-Year Absolute Triple Net (NNN) Lease | Over 20 Years of NNN Term
Remain | Zero Landlord Responsibilities
✓ Extremely Strong Store Opening | Set a Single Day Record for Most Car Washes
Upon Opening
✓ Located One-Mile Away from The Shops at Ledgewood Commons | Approximately
22 National Stores With Several Anchor Tenants | Walmart, Home Depot, Kohl’s,
Marshalls, Old Navy, Burlington and a Few More
✓ 2.00% Annual Rental Increases | Ideal Location for a Car Wash in Affluent Core New
Jersey Market
✓ High Exposure Location| Route 46 and Interstate 80 | 45,300 and 92,500 Vehicles
Per Day, Respectively
✓ Ideal Consumer Base for Vehicle Repair Services that Spark Offers
✓ Average Household Income of Over $142,000
NNN Pro Group is pleased to present the exclusive listing for a Chesterbrook Academy located at 130 Borton Landing Rd in Moorestown, New Jersey. The site consists of roughly 8,420 rentable square feet of building space on estimated 2.62-acre parcel of land. This Chesterbrook Academy is subject to an existing NNN lease in place with Spring Education that will reset to 20 years upon close of escrow. The current annual rent is $400,934 and is scheduled to increase by 3% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
– Existing Lease in Place with Spring Education That Will Reset to 20 Years Upon Close of Escrow
– Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Corporate Guarantee from Spring Education Group
– Attractive 3.00% Annual Rental Increases
– Four (4) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Chesterbrook Academy located at 279 Egg Harbor Rd in Sewell, New Jersey. The site consists of roughly 8,403 rentable square feet of building space on estimated 2.38-acre parcel of land. This Chesterbrook Academy is subject to an existing NNN lease in place with Spring Education that will reset to 20 years upon close of escrow. The current annual rent is $427,450 and is scheduled to increase by 3% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investments:
– Existing Lease in Place with Spring Education That Will Reset to 20 Years Upon Close of Escrow
– Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Corporate Guarantee from Spring Education Group
– Attractive 3.00% Annual Rental Increases
– Four (4) Tenant Renewal Periods of Five (5) Years Each
