NNN Pro Group is pleased to present the exclusive listing for an Advance Auto Parts located at 2349 McGrady Drive Southeast, Cleveland, Tennessee. The site consists of roughly 6,876 rentable square feet of building space on estimated 0.77-acre parcel of land. This Advance Auto Parts has 11.4 years remaining on the lease, which commenced December 4th, 2004. The tenant recently extended the lease term by 10 years while in their first option period of the original lease term and added three 5-year renewal options, showing long term commitment at the site. The current annual rent is $110,250 and is scheduled to increase by 5% in 2030 and in each of the 3, 5-year renewal options.
✓ Advance Auto Recently Extended the Lease Term by 10 years Showing Long Term Commitment at the Site
✓ Approximately 11.4 Years of Lease Term Remaining | Tenant responsible for Maintenance and Repair of Roof, HVAC and Parking | Landlord responsible for Structure Only
✓ Hedge Against Inflation | 5% Rental Escalations in 2030 and in Each Tenant Renewal Option Period
✓ Three (3) Tenant Renewal Option Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 26383 Main St, Ardmore TN. The site consists of roughly 3,450 rentable square feet of building space on an estimated 0.9-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities and is subject to four (4), five (5) year tenant renewal options. The current rent annual rent is $99,402 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term and option periods.
About the Investment
✓ Existing 15 Year Lease Term
✓ Corporate Tenant Credit
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
✓ No Renewal Options Remaining
NNN Pro Group is pleased to present this Exclusive Net-Lease Offering for a Dollar General located at 130 Cecil Hale Rd, Smithville, Tennessee. The site consists of roughly 9,100 rentable square feet of building space on estimated 2.09-acre parcel of land. This Dollar General is subject to a 15-year absolute triple-net (NNN) lease, which commenced December 15th, 2020. The current annual rent is $82,472 and is scheduled to increase ten percent in each of the 3, 5-year renewal options.
NNN Pro Group is pleased to present the Broker Opinion of Value for a Dollar General located at 7601 Blountstown Hwy, Tallahassee, Florida. The site consists of roughly 9,026 rentable square feet of building space on estimated 1.78-acre parcel of land. This Dollar General is subject to a 15-year absolute triple-net (NNN) lease, which commenced March 15th, 2021. The current annual rent is $113,424 and is scheduled to increase by ten percent in each of the 5, 5-year renewal options.
NNN Pro Group is pleased to present the exclusive listing for an Express Oil Change located at 1415 West Main Street in Lebanon, Tennessee. The site consists of roughly 4,012 rentable square feet of building space on estimated 0.70-acre parcel of land. This Express Oil Change is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $156,750 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 Maaco Auto Body Shop located at 907 Providence Boulevard in Clarksville, TN. The site consists of roughly 7,200 rentable square feet of building space on estimated 0.92-acre parcel of land. This Maaco Auto Body is subject to a 10-year absolute triple-net (NNN) lease, which commenced May 1st, 2021. The current annual rent is $65,000 and is scheduled to increase by 8.50% every 5 years throughout the base term and in the 1, 10-year renewal option.
About the Investment:
✓ 10-Year Absolute Triple Net (NNN) Lease
✓ Over 7 Years of Lease Term Remaining
✓ Eight-And-A-Half Percent (8.50%) Rental Increases Every 5 Years
✓ One (1), Ten (10)-Year Tenant Renewal Options
NNN Pro Group is pleased to present the exclusive listing for a Maaco Auto Body Shop located at 6130 Western Ave in Knoxville, TN. The site consists of roughly 8,600 rentable square feet of building space on estimated 1.33-acre parcel of land. This Maaco Auto Body is subject to a 10-year absolute triple-net (NNN) lease, which commenced May 1st, 2021. The current annual rent is $65,000 and is scheduled to increase by 8.50% every 5 years throughout the base term and in the 1, 10-year renewal option.
About the Investment:
✓ 10-Year Absolute Triple Net (NNN) Lease
✓ Over 7 Years of Lease Term Remaining
✓ Eight-And-A-Half Percent (8.50%) Rental Increases Every 5 Years
✓ One (1), Ten (10)-Year Tenant Renewal Options
NNN Pro Group is pleased to present the exclusive listing for a Mammoth Car Wash located at 6701 Oak Ridge Hwy in Knoxville, Tennessee. The site consists of 3,500 total square feet of building space and sits on 1.0 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.
✓ 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 is pleased to present the exclusive listing for a McAlister’s Deli
located at 2293 North Main Street, Crossville, TN 38555. The site consists
of roughly 3,429 rentable square feet of building space on an estimated
0.68-acre parcel of land. This McAlister’s Deli is subject to a 20-year Triple
Net (NNN) lease which will commence upon close of escrow. The annual
rent will be $150,000 and is scheduled to increase by 10.00% Every 5 Years.
Investment Highlights:
The NNN Pro Group is pleased to present the exclusive listing for the Mister Car Wash located at 403 South James Campbell Blvd, Columbia, TN 38401. The site will consist of roughly 2,713 rentable square feet of building space on estimated 1.56-acre parcel of land. The Mister Car Wash is subject to an absolute triple-net (NNN) lease that commenced on 3/24/2015. The initial annual rent is $210,162 and is scheduled to increase by 1.50% annually throughout the base term and continuing through 4, 5-Year Options.
✓ 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 11 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
The NNN Pro Group is pleased to present the exclusive listing for NR Automotive located at 2045 E Magnolia in Knoxville, TN. The site consists of roughly 6,006 rentable square feet of building space on estimated 0.67-acre parcel of land. Nr Automotive will be subject to a 20-year absolute triple-net (NNN) lease, which will commence upon the Close of Escrow. The annual rent will be $150,000 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale Leaseback
✓ Lease to Commence Upon Close of Escrow
✓ Two Percent (2.00%) Rental Increases Occurring Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Rapidly Expanding Operator | Operate Approximately +35 Units with Extensive Pipeline for Continued Growth
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 2838 Wilma Rudolph Blvd, in Clarksville, TN. The site consists of roughly 8,356 rentable square feet of building space on an estimated 1.00-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 $340,0921 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.
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)
✓ Tennessee – Income Tax Free State
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 8040 Kingston Pike, Knoxville, TN 37919. The site will consist of roughly 9,600 rentable square feet of building space on an estimated 1.88-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/27/2016. The annual rent will be $318,553 in August 2024.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases Starting in August 2026
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 2200 Bams Drive, in Chattanooga, TN. The site consists of roughly 9,100 rentable square feet of building space on an estimated 1.97-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 $537,3891 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)
✓ Oversized 1.97 Acre Lot
✓ Tennessee – Income Tax Free State
NNN Pro Group is pleased to present the Red Lobster located at 401 S Mount Juliet Road in Mount Juliet, TN. The site consists of roughly 6,800 rentable square feet of building space on an estimated 1.55-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
✓ Outparcel to Providence Marketplace | Large Shopping Center with Several Anchor Tenants
✓ 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
✓ Ideal Demographics | Population Exceeds 243,400 Within a Ten-Mile Radius
NNN Pro Group is pleased to present the exclusive listing for an ICWG located at 2750 S. Perkins Road in Memphis, Tennessee. Built in 2007, the site consists of roughly 3,367 rentable square feet of building space on estimated 1.34-acre parcel of land. This ICWG is subject to a 16-year absolute triple-net (NNN) lease with zero landlord responsibilities. The current annual rent is $68,948 and is scheduled to increase by 1.50% annually.
About the Investment:
✓ Long Term Lease With Zero Landlord Responsibilities: Triple-Net (NNN) Lease With Approximately 16 Years Remaining On Initial Term
✓ Accelerated & Bonus Depreciation: This Property Qualifies for Both 80% Bonus Depreciation & 15 Year Accelerated Depreciation
✓ Attractive Annual Increases: Annual Rental Increases of 1.50%
✓ Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) “ICWG” and the More Than 1,100 Locations Across Europe, Australia and the U.S.
About the Investment:
✓ 20-Year Triple-Net (NNN) Lease with +/- 15.1 Years Remaining | No Landlord Responsibilities
✓ Income Tax Free Jurisdiction | TN is an Income Tax Free State
✓ High Performing Location | Inquire With Listing Agent
✓ Robust Affluent Demographic Profile | More Than 209,000 Residents Within a Five-Mile Radius | Household Income of Roughly $85,100 within a Three-Mile Radius
✓ Corporate Guaranty | Driven Brands Inc (4,600+ Locations)
✓ Potential Tax Benefits | Qualifies for 80% Bonus Depreciation & 15 Year Straight Line Method (please consult your CPA)
✓ Attractive Rental Increases | 1.75% Annual Rental Increases Through Initial Term and the Four (4), Five (5)-year Tenant Renewal Options
NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 211 West Church Street in Lexington, Tennessee. The site consists of roughly 1,418 rentable square feet of building space on estimated 0.30-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 $40,000 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
The NNN Pro Group is pleased to present the exclusive listing for the Zips Car Wash located at 3294 Poplar Avenue, Memphis, TN 38111. The site will consist of roughly 3,041 rentable square feet of building space on estimated 0.88-acre parcel of land. The Zips Car Wash is subject to an absolute triple-net (NNN) lease that commenced on 9/01/2022. The initial annual rent is $280,915 and is scheduled to increase by 2.00% annually throughout the base term and continuing through 4, 5-Year Options.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 18 Years Remaining
✓ 2.00% 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
