NNN Pro Group is pleased to present the exclusive listing for an America’s Cart Mart located at 20 E Taft Ave in Sapulpa, Oklahoma. The site consists of roughly 5,188 rentable square feet of building space on estimated 1.24-acre parcel of land. This America’s Cart Mart is subject to an 8-year absolute triple-net (NNN) lease, which commenced January 1st, 2020. The current annual rent is $55,553 and is scheduled to increase 8% in the first renewal option and 5% in the second renewal option.
About the Investment:
– Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
– Corporate Guarantee (154+ Units)
– Eight Percent (8%) Rental Increase in Option 1; Five Percent (5%) Rental Increase in Option 2
– Two (2), Five (5)-Year Tenant Renewal Options
– Large Underlying Acreage With Significant Outdoor Storage Space
– Small Unit Price Point | Below Market Rent – Highly Replaceable Rent
– Recessionary Resistant | Competitive Car Mart Lending Program | Supplements Used Car Sales
NNN Pro Group is pleased to present the exclusive listing for an America’s Cart Mart located at 1501 W Shawnee St in Muskogee, Oklahoma. The site consists of roughly 5,378 rentable square feet of building space on estimated 1.86-acre parcel of land. This America’s Cart Mart is subject to an 8-year absolute triple-net (NNN) lease, which commenced January 1st, 2020. The current annual rent is $123,905 and is scheduled to increase 8% in the first renewal option and 5% in the second renewal option.
About the Investment:
– Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
– Corporate Guarantee (154+ Units)
– Eight Percent (8%) Rental Increase in Option 1; Five Percent (5%) Rental Increase in Option 2
– Two (2), Five (5)-Year Tenant Renewal Options
– Large Underlying Acreage With Significant Outdoor Storage Space
– Small Unit Price Point | Below Market Rent – Highly Replaceable Rent
– Recessionary Resistant | Competitive Car Mart Lending Program | Supplements Used Car Sales
NNN Pro is pleased to present the exclusive listing for a Dollar General located at 2110 East Steve Owens Blvd in Miami, OK. The site consists of roughly 10,566 rentable square feet of building space on estimated 1.60-acre parcel of land. This Dollar General is subject to a 15-year absolute triple-net (NNN) lease, which commenced October 6, 2023. The current annual rent is $125,882 and is scheduled to increase by 5% every five years in the base term and each of the tenants 5, 5-year tenant renewal option periods.
About the Investment:
✓ Rare 5% Rental Increases Every 5 Years in Base Term and Option Periods
✓ New Construction | Build-to-Suit Dollar General
✓ 14.5+ Years Remaining on 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
✓ Tenant Renewal Options: Five (5) Periods of Five (5) Years, Each bringing the Potential Lease Term Remaining to 40 Years
✓ Corporate Location | Corporate Guarantee
NNN Pro Group is pleased to present the exclusive listing for a Dollar General at 100 North 4 Mile Road in Fort Gibson, OK. The site consists of roughly 10,566 rentable square feet of building space on a 1.60 parcel of land. This Dollar General is subject to a 15-year absolute triple-net (NNN) lease, which commenced July 4th, 2023. The current annual rent is $105,046 and is scheduled to increase by 10% at each of the 5, 5-year renewal options.
✓ New Construction | Build-to-Suit Dollar General
✓ 14.5+ Years Remaining on 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
✓ Rental Increases of 10% In Each Option Period
✓ Tenant Renewal Options: Five (5) Periods of Five (5) Years, Each bringing the Potential Lease Term Remaining to 40 Years
✓ Corporate Location | Corporate Guarantee
About the Investment:
– Brand New 20-Year Net Lease with the Largest Private Montessori School Operator in the World
– School Already has 76 Students Enrolled, Only Two Weeks After Officially Opening!
– 111 Total Locations, Including 11 International Locations
– Tenant Plans to Operate 350+ Locations by 2026
– Brand New Remodel
– Corporate Guarantee From Guidepost’s Parent Company – Higher Ground Education Inc
– $600M Company Valuation in 2023
– Enrollments up 247% Since Pre-Covid
– Tenant is Currently Remodeling/Rebranding the Site and Committing $3M in Interior and Exterior Improvements
– 2.00% Annual Increases
– Tenant Paid Full Rent at ALL Locations Throughout Covid – Demonstrating Strength of Balance Sheet
NNN Pro Group is pleased to present the exclusive listing for an KFC located at 1801 W Lindsey St in Norman, OK. The site consists of roughly 3,052 rentable square feet of building space on estimated 1.08-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $88,660 and is scheduled to increase by 1.50% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.
NNN Pro Group is pleased to present the exclusive listing for an KFC located at 1801 W Lindsey St in Norman, OK. The site consists of roughly 3,052 rentable square feet of building space on estimated 1.08-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $88,660 and is scheduled to increase by 1.50% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.
PUD 333/Office O-2 is a Planned Unit Development (PUD) zoning district in Oklahoma City. PUDs are a type of zoning that allows for more flexibility than traditional zoning districts. This flexibility allows developers to create projects that are more tailored to the specific needs of the community and various users.
The Office O-2 zoning district is in a variety of areas throughout Oklahoma City that have access to amenities such as restaurants, shops, and transportation. This can be beneficial for businesses and employees who want to be located in a convenient location. This zoning is conducive to office, R&D, education, retail stores, hotels, medical facilities, and cultural facilities.
About the Investment:
✓ Value-add Investment Or Move-in Ready Owner User Opportunity
✓ Ownership Has Made Significant Investment Into Updating And Renovating The Building, Totaling More Than $2,780,000:
✓ New HVAC, Roof Repairs, Landscaping, Brand-new Furniture (Contact Agent), Security & Key-card Door Entry, Asphalt Repairs, And Common Area Improvements Among Other Renovations
✓ Priced Below Replacement Cost Providing A New Owner/User With An Attractive Cost Basis On A Turn-key Operations Center
✓ Can Be Purchased Equipped With New Office Furniture
✓ Low Coverage Investment With Ample Parking Ratio Of 7.91 Per 1,000 Square Feet
NNN Pro Group is pleased to present the exclusive listing for a Parachute Plasma located at 1501 S Muskogee Ave in Tahlequah, Oklahoma. The site consists of roughly 6,917 rentable square feet of building space on estimated 0.87-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 $364,198 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
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster
located at 435 Shawnee Mall Drive, Shawnee, OK 74804. The site will consist of
roughly 3,840 rentable square feet of building space on an estimated 1.07-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 $265,111 in August 2024 and is
scheduled to increase by 2% Annually throughout the base term and continuing
through 4, 5-Year Renewal Options.
About the Investment:
✓ 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 Take 5 Car Wash located at 5022 South Yale Avenue. The site consists of roughly 4,020 rentable square feet of building space on estimated 0.93-acre parcel of land. This Take 5 Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commences upon the close of escrow. The current annual rent is $116,531 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
✓ Corporate Guarantee: The Leases will be subject to Corporate Guarantees by Driven Brands Inc
✓ Accelerated and Bonus Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Leases will Include 1.50% Annual Rental Increases
NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 4125 W Owen K Garriott Road Enid, Oklahoma. The site consists of roughly 1,590 rentable square feet of building space on estimated 0.83-acre parcel of land. This Take 5 Oil Change is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The current annual rent is $105,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Corporate Guarantee from Driven Funding Holdco, LLC (~3,500+ Units)
✓ Attractive Rental Increases | 1.50% Annually Starting Year 2
✓ Four (4), Five (5)-Year Tenant Renewal Options
