NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 601 Ohio Pike in Cincinnati, Ohio. The site consists of roughly 1,411 rentable square feet of building space on estimated 0.48-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 annual rent will be $90,000 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
NNN Pro Group is pleased to present the exclusive listing for a Walgreens located at 385 Northland Boulevard, Cincinnati, Ohio. The site consists of roughly 14,747 rentable square feet of building space on estimated 2.57-acre parcel of land. This Walgreens is subject to a 15-year absolute triple-net (NNN) lease, which commenced February 23rd, 2023. The current annual rent is $295,200 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 12, 5-year renewal options.
✓ Long-Term, 15-Year Absolute Triple Net (NNN) Lease
✓ Approximately 14.9 Years Remaining
✓ Five (5%) Rental Increases Occurring Every Five (5) Years
✓ Twelve (12), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 75 Years
