About the Investment

• Long Term Absolute Triple Net (NNN) Lease | Long term original 20-year absolute triple net (NNN) lease with no landlord responsibilities. There are approximately eleven (11) years remaining on the lease. Additionally, there are four (4), five (5)-year option periods, bringing the potential remaining lease term to 31 years.
• Attractive Rental Increases | The lease features ten percent (10%) increases every five (5) years, including in each of the four, five-year option periods. The next ten percent (10%) increase occurs next year, in 2026. In just one year, this increase changes the 4.75% cap rate to about a 5.25% cap rate.
• Strong Real Estate Fundamentals | The subject property is located roughly 20 miles northwest of Downtown Fort Lauderdale. Coral Springs was ranked third on the '100 Best paces to Live' list by Money Magazine. Fort Lauderdale is the tenth-most populous city in the tax-free state of Florida. Each year nearly four million cruise passengers pass through its Port Everglades, making it the third largest cruise port in the world. With over 50,000 registered yachts and 100 marinas, Fort Lauderdale is also known as the yachting capital of the world.