NNN Pro is pleased to present the exclusive listing for an Arko C-Store / Gas Station located at 5673 Gum Branch Road in Jacksonville, NC. The site consists of roughly 5,051 rentable square feet of building space on estimated 2.29-acre parcel of land. This ARKO is subject to a 20-year absolute triple-net (NNN) lease, which commenced January 13th, 2022. The current annual rent is $262,680 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 is pleased to present the exclusive listing for an Arko C-Store / Gas Station located at 3801 South Charles Street in Greenville, NC. The site consists of roughly 2.452 rentable square feet of building space on estimated 1.10-acre parcel of land. This ARKO is subject to a 20-year absolute triple-net (NNN) lease, which commenced January 13th, 2022. The current annual rent is $85,958 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 17.95 Years Remaining
✓ Two Percent (2%) Annual Rental Increases
✓ Six (6), Five (5)-Year Tenant Renewal Options
The NNN Pro Group is pleased to present the exclusive listing for the AT&T property located at 4 South Tunnel Road. The property consists of roughly 3,285 rentable square feet of building space on an estimated 0.40 parcel of land. AT&T is subject to a long-term lease with 2 years remaining on the term. The current rent is $144,540. There is one (1), five (5)-year tenant renewal options, which has been exercised.
About the Investment:
✓ Long Term Tenancy | Original 10 Year Lease Recently Extended Due to Strong Store Performance | AT&T Exercised Their Extension Option
✓ Trophy Outparcel Location to a Whole Foods Anchored Center
✓ Investment Grade Credit | BBB (S&P)
✓ Outparcel to Large Shopping Center | Whole Foods Anchored Center | Overlook Village Shopping Center
✓ Compelling Real Estate Fundamentals | Located Across From Asheville Mall |Several Anchor Tenants Drawing in Drivers
✓ Excellent Ease of Access and Visibility Off South Tunnel Road
✓ Ranked in the 89th Percentile of all AT&T’s Nationwide on Placer.AI*
*Data provided by Placer Labs Inc. (www.placer.ai); Ranking based on estimated consumer foot traffic.
About the Investment:
✓ Attractive Real Estate Fundamentals | Located within a Dense Medical Corridor |Less than a Mile Away from Cape Fear Valley Medical Center
✓ In the Heart of a Robust Regional Medical Center | Affiliated With and In Short Distance from Cape Fear Valley Medical Center | 585+ Beds
✓ Robust Demographics | Population Exceeds 310,700 Individuals Within a Ten-Mile Radius
NNN Pro Group is pleased to present the exclusive listing for a Golden Corral located at 1053 Lenoir Rhyne Blvd in Hickory North Carolina. The site consists of roughly 15,371 rentable square feet of building space on estimated 2.35-acre parcel of land. This Golden Corral is subject to a 10-year absolute triple-net (NNN) lease, which commenced July 23rd, 2021. The current annual rent is $262,733 and is scheduled to increase by 1% annually throughout the base term and in each of the 3, 5-year renewal options.
✓ 10-Year Absolute Triple Net (NNN) Lease
✓ Approximately 7.5 Years Remaining
✓ One Percent (1%) Annual Rental Increases
✓ Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
NNN Pro Group is pleased to present the exclusive listing for a Mavis located at 2761 Hwy 210 E in Surf City, NC. The site consists of roughly 6,500 rentable square feet of building space on estimated 1.07-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 $193,750 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 exclusive listing for a Mavis located at 2803 US Hwy 70 W in Goldsboro, NC. The site consists of roughly 8,210 rentable square feet of building space on estimated 1.00-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 $186,364 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
NNN Pro is pleased to present the exclusive listing for a Red Lobster located
at 1690 Westbrook Plaza Dr., Winston-Salem, NC 27103. The site consists
of roughly 8,292 rentable square feet of building space on an estimated
2.49-acre parcel of land. This Red Lobster is subject to a 25-year Triple Net
(NNN) lease, which commenced 12/23/2014. The current annual rent is
$417,893 and has scheduled increases of 2.00% Annually.
Investment Highlights:
About the Investment
✓ Fee Simple Ownership, Net Leased Investment
✓ 5.5-Year Weighted Average Lease Term
✓ Immediate Rent Growth With Upcoming 10% Rental Increase in Pet Supplies Lease
and 2% Annual Rental Increases With Verizon Lease
✓ Asphalt Parking Lot Newly Repaired and Restriped
✓ Oversized 3.72 AC Corner Parcel With Ability to Expand Building 6,800 Square Feet
✓ Verizon Has Exercised Its Remaining Five-Year Tenant Option Period
✓ Nationally Recognized Retailers | Nation’s Largest Authorized Verizon Dealer and
Nation’s Largest Pet Franchisor
The NNN Pro Group is pleased to present the exclusive listing for the Zips Car Wash located at 360 Airport Road, Arden, NC 28704. The site will consist of roughly 4,300 rentable square feet of building space on estimated 1.03-acre parcel of land. The Zips Car Wash is subject to an absolute triple-net (NNN) lease that commenced on 9/21/2017. The initial annual rent is $346,297 and is scheduled to increase by 1.50% annually throughout the base term and continuing through 4, 5-Year Options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 13 Years Remaining
✓ 1.50% Rental Increases Occurring Annually
✓ 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
