Pearl Street Dental
Marshall, Texas
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NNN Pro Group is pleased to present the exclusive listing for a Pearl Street Dental located at 100 Forest Terrace in Marshall, Texas. The site consists of roughly 3,903 rentable square feet of building space on estimated 0.30-acre parcel of land. This Pearl Street Dental is subject to a 15-year absolute triple-net (NNN) lease, which commenced May 15th, 2019. The current annual rent is $125,000 and is scheduled to increase by 1.75% throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
- Long-Term, 15-Year Absolute Triple Net (NNN) Lease
- Approximately 11.5 Years Remaining
- 1.75% Rental Increases Occurring Annually
- Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years