Taco John’s
Thief River Falls, Minnesota
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The NNN Pro Group is pleased to present the exclusive listing for the Taco John’s located 122 3rd Street W in Thief River Falls, Minnesota. The site consists of roughly 2,500 rentable square feet of building space on estimated 0.32-acre parcel of land. This Taco John’s will be subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $115,000 and will be scheduled to increase 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Site to be Reimaged | Contact Broker for more Information
✓ One and a Half Percent (1.50%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
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