NNN Pro Group is pleased to present this exclusive listing of a Lowe’s located at 2221 NW Mhyre Road in Silverdale, WA. The site, constructed in 2008 and consists of roughly 111,000 rentable square feet of building space on estimated 12.43-acre parcel of land. This Lowe’s is subject to a 20-year triple-net (NNN) ground lease, which commenced on June 1, 2008. There are approximately 5.2 years remaining. The annual rent is $737,000 and is subject to 10% rental increases in each option period. There are four (4) five (5)-year tenant renewal options, extending the total possible lease term to 45 years.
About the Investment:
✓ 5 Years Remaining on an Original 20-Year Triple-Net (NNN) Ground Lease
✓ 10% Increases In Option Periods
✓ Four (4), Five (5) Year Tenant Renewal Options
✓ Corporate Guarantee from Lowe’s Companies, Inc. (NYSE: LOW) – S&P: BBB+
✓ Positioned on a Large 12.43 Acre Lot
NNN Pro Group is pleased to present the exclusive listing for a Monaco Enterprises located at 14820 East Sprague Avenue in Spokane Valley, WA. The site consists of roughly 37,417 rentable square feet of building space on estimated 3.95-acre parcel of land. This Monaco Enterprises is subject to a 20-year absolute triple-net (NNN) lease, which commenced January 16th, 2020. The current annual rent is $337,512 and is scheduled to increase by 2.00% annually throughout the base term and in the 1, 10-year renewal option.
About the Investment:
✓ Long-Term, Original 20-Year Absolute Triple Net (NNN) Lease
✓ Mission Critical Manufacturing And Headquarters Facility
✓ Two Percent (2.00%) Rental Increases Annually
✓ Approximately 16.9 Years Remaining
NNN Pro Group is pleased to present the Red Lobster located at 4231 196th Street SW in Lynnwood, WA. The site consists of roughly 9,382 rentable square feet of building space on an estimated 1.69-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.
About the Investment:
– 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
– Ideal Demographics | Population Exceeds 350,000 Within a Five-Mile Radius
– Strategically Located Only 16 Miles From Downtown Seattle!
NNN Pro Group is pleased to present the exclusive listing for a Shari’s Restaurant located at 221 Bravo Terrace SE in Port Orchard, Washington. The site consists of roughly 3,896 rentable square feet of building space on estimated 1.00-acre parcel of land. This Shari’s Restaurant is subject to a 20-year absolute triple-net (NNN) lease, which has approximately 16.5 years of lease term remaining. The annual rent is $215,630 as of the October rental increase and is scheduled to increase by 1.75% annually throughout the base term and in the 1, 5-year renewal option.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ One-and-Three-Quarters Percent (1.75%) Rental Increases Occurring Annually
✓ One (1), 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 Shari’s Restaurant located at 205 S Kelso Dr. in Kelso, Washington. The site consists of roughly 3,762 rentable square feet of building space on an estimated 0.77-acre parcel of land. This Shari’s Restaurant is subject to a 20-year absolute triple-net (NNN) lease, which has approximately 16.5 years of lease term remaining. The annual rent is $211,291 as of the October rental increase and is scheduled to increase by 1.75% annually throughout the base term and in the 1, 5-year renewal option.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ One-and-Three-Quarters Percent (1.75%) Rental Increases Occurring
Annually
✓ One (1), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
The NNN Pro Group is pleased to present the exclusive net lease offering for The Learning Experience located at 527 Meridian Ave E in Edgewood, Washington. The site consists of roughly 10,000 rentable square feet of building space on estimated 1.12-acre parcel of land. This Learning Experience is subject to a 15-year double net lease, which is estimated to commence March 1st, 2023. The annual rent will be $480,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the two (2), five (5)-year renewal options.
✓ Long-Term, 15-Year Double Net (NN) Lease
✓ Approximately 15 Years Remaining
✓ Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
✓ Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
