NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire
located at 4371 Hartley Bridge Road, Macon, GA 31216. The site consists of
roughly 6,500 rentable square feet of building space on an estimated 0.96-
acre parcel of land. This Mavis Discount Tire is subject to a 20 Years-year
Triple Net (NNN) lease which will commence upon close of escrow. The
annual rent will be $172,380 and has scheduled increases of 5.00% Every 5
Years.
Investment Highlights:
20-Year Triple-Net (NNN) Lease
At Closing the Tenant will Execute A Brand New 20-Year Absolute TripleNet Lease. The Lease will Have No Landlord Responsibilities
Attractive Rental Increases and Renewal Options
The Lease Features Five Percent (5.00%) Rental Increases Every Five Years and Six (6), Five (5) Year Renewal Options
Corporate Guarantee
Mavis Tire Express Services TopCo Corp. (2,000+ Units)
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 1725 Rainbow Drive in Gadsden, AL. The site consists of roughly 9,638 rentable square feet of building space on estimated 1.48-acre parcel of land. This Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced December 17th, 2015. The current annual rent is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term 25-Year Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
✓ +/- 19 Years Of Lease Term Remaining With 2.00% Annual Bumps
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Corporate Tenant | Corporate Guarantee
