NNN Pro Group is pleased to present the exclusive listing for a 7-Eleven located at 1223 McCormick Street, in the Dallas-Fort Worth MSA in Denton, TX. The property consists of roughly 2,880 rentable square feet of building space on an estimated 0.89 parcel of land.
7-Eleven is subject to an Absolute Triple-Net (NNN) lease. The marketed rent is$127,776 annually with 10% increases every 5 years throughout the remaining each of the three (3), five (5)-year tenant renewal options, which extends the total possible lease term to 35 years.
About the Investment:
– Tenant Commitment to Location | Recent 5-Year Lease Extension | Roughly 5.4 Years Remaining on an Original 15-Year NNN Lease
– 10% Rental Increases Every Five (5) Years
– Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
– Investment Grade Credit Guarantee: 7-Eleven Corporate (S&P: AA-)
NNN Pro is pleased to present the exclusive listing for an Arko C-Store / Gas Station located at 11680 Montwood Drive in El Paso, TX. The site consists of roughly 1,908 rentable square feet of building space on estimated 0.93-acre parcel of land. This Arko is subject to a 20-year absolute triple-net (NNN) lease, which commenced October 12, 2041. The current annual rent is $111,116 and is scheduled to increase by 2% annually throughout the base term and in each of the 6, 5-year renewal options.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 17+ Years Remaining
✓ Two Percent (2%) Annual Rental Increases
✓ Six (6), Five (5)-Year Tenant Renewal Options
NNN Pro is pleased to present the exclusive listing for an Arko C-Store / Gas Station located at 1351 West Frank Street in Grand Saline, TX. The site consists of roughly 5,232 rentable square feet of building space on estimated 1.90-acre parcel of land. This ARKO is subject to a 20-year absolute triple-net (NNN) lease, which commenced October 25th, 2021. The current annual rent is $358,408 and is scheduled to increase by 2% annually throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 17+ Years Remaining
✓ Two Percent (2%) Annual Rental Increases
✓ Six (6), Five (5)-Year Tenant Renewal Options
NNN Pro is pleased to present the exclusive listing for an Arko C-Store / Gas Station located at 4525 FM 349 in Kilgore, TX. The site consists of roughly 5,151 rentable square feet of building space on estimated 5.00-acre parcel of land. This ARKO is subject to a 20-year absolute triple-net (NNN) lease, which commenced October 25th, 2021. The current annual rent is $319,025 and is scheduled to increase by 2% annually throughout the base term and in each of the 6, 5-year renewal options.
About the Investment
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 17+ Years Remaining
✓ Two Percent (2%) Annual Rental Increases
✓ Six (6), Five (5)-Year Tenant Renewal Options
NNN Pro Group and Venture Commercial Real Estate are pleased to present the exclusive listing
for an At Home facility in Euless, Texas. The sites consists of a total of roughly 86,250 rentable
square feet of building space. This property is subject to a 15-year double-net (NN) lease. The
annual rent is $1,360,520 and is scheduled to increase 10% every 5 years throughout the base
term and in each of the 5, 5-year renewal options.
Investment Highlights:
Long Term NN Investment
15-Year Lease, Five 5-Year Renewal Options
NOI of $1,360,520 With 10% Increases Every 5 Years
Brand New Build-to-Suit Construction | Site Recently Opened in March 2024
Relocation Store | Relocation of a Successful 10-Year-Old At Home Store Located Less Than 6 Miles Away
6.4mm annual visitors | Ranks in top 2% of shopping centers in TX and Nationally per Placer.AI
NNN Pro Group is pleased to present the exclusive listing for a Brakes Plus located at 6246 N Jupiter Road in Garland, Texas. The site consists of roughly 5,350 rentable square feet of building space on estimated 0.77-acre parcel of land. This Brakes Plus is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $125,000 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
– Long Term 20-Year Sale-Leaseback
– Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
– Six (6) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Brakes Plus located at 240 West Harwood Road, Euless, Texas. The site consists of roughly 4,006 rentable square feet of building space on estimated 0.68-acre parcel of land. This Brakes Plus is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $130,435 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
– Long Term 20-Year Sale-Leaseback
– Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
– Six (6) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for an Brakes Plus located at 1002 S Cedar Ridge Drive in Duncanville, Texas. The site consists of roughly 4,600 rentable square feet of building space on estimated 0.53-acre parcel of land. This Brakes Plus is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $140,870 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
✓ Long Term 20-Year Sale-Leaseback
✓ Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
✓ Six (6) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for an EquipmentShare located at 1761 Highway 271 Gladewater, TX 75647. The site consists of roughly 14,500 rentable square feet of building space on estimated 21.65-acre parcel of land. This EquipmentShare is subject to a 15-year absolute triple-net (NNN) lease, which commenced October 1st, 2021. The current annual rent is $202,357 and is scheduled to increase by 1.7% every year commencing on year 6 throughout the base term and in each of the 2, 5-year renewal options.
NNN Pro Group is pleased to present the exclusive listing for an EquipmentShare located at 12760 I-27 Amarillo, TX 79119. The site consists of roughly 7,500 rentable square feet of building space on estimated 4.34-acre parcel of land. This EquipmentShare is subject to a 15-year absolute triple-net (NNN) lease, which commenced October 1st, 2021. The current annual rent is $228,467 and is scheduled to increase by 1.7% every year commencing on year 6 throughout the base term and in each of the 2, 5-year renewal options.
About the Investment:
✓ Long-Term, New 15-Year Absolute Triple Net (NNN) Lease
✓ Approximately 13.3 Years Remaining
✓ 1.7% Rental Increases Annually Commencing on Year 6
✓ Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
NNN Pro Group is pleased to present the exclusive listing for an Express Oil Change located at 4015 & 4019 Frankford Road in Dallas, Texas. The site consists of roughly 6,750 rentable square feet of building space on estimated 1.47-acre parcel of land. This Express Oil Change is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $125,000 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
– Long Term 20-Year Sale-Leaseback
– Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
– Six (6) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Golden Chick located at 4415 W 7th Street, Texarkana, Texas. The site consists of roughly 2,077 rentable square feet of building space on estimated 1.00-acre parcel of land. This Golden Chick is subject to a 20-year absolute triple-net (NNN) lease, which commences on close of escrow. The current annual rent is $126,000 and is scheduled to increase by 1.5% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
– Brand New 20-Year Sale-Leaseback
– Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Corporate Guaranty from Golden Franchising Corporation, the Chain’s Franchisor
– Attractive Rental Increases | 1.5% Annually
– Four (4) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Golden Chick located at 8400 S. Freeway, Ft. Worth, TX. The site consists of roughly 2,020 rentable square feet of building space on estimated 0.91-acre parcel of land. This Golden Chick is subject to a 20-year absolute triple-net (NNN) lease, which commences at close of escrow. The current annual rent is $120,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ Brand New 20-Year Sale-Leaseback
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Corporate Guaranty from Golden Franchising Corporation, the Chain’s Franchisor
✓ Attractive Rental Increases | 1.5% Annually
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Golden Chick located at 11932 Elam Road, Balch Springs, Texas. The site consists of roughly 1,170 rentable square feet of building space on estimated 0.35-acre parcel of land. This Golden Chick is subject to a 20-year absolute triple-net (NNN) lease, which commences on close of escrow. The current annual rent is $135,000 and is scheduled to increase by 1.5% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
– Brand New 20-Year Sale-Leaseback
– Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Corporate Guaranty from Golden Franchising Corporation, the Chain’s Franchisor
– Attractive Rental Increases | 1.5% Annually
– Four (4) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Guidepost Montessori located at 1623 N Loop 1604 W in San Antonio, TX. The site consists of roughly 10,400 rentable square feet of building space on estimated 1.40-acre parcel of land. This Guidepost Montessori is subject to a 20-year modified triple-net (NNN) lease, which commenced November 9, 2020. The current annual rent is $525,904 and is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ Long-Term, 20-Year Modified Triple Net (NNN) Lease
✓ Approximately 17.5 Years Remaining
✓ Two Percent (2%) Annual Rental Increase
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ 2020 Remodel/Rebrand
✓ Texas Has No State Income Tax
NNN Pro Group is pleased to present the exclusive listing for a Mammoth Car Wash located at 1322 W Stan Schlueter Loop, Killeen, Texas. The site consists of 5,216 total square feet of building space and sits on 1.40 acres of land. The site will be subject to a 20-year sale-leaseback with Mammoth Holdings, LLC. The lease will call for 1.50% annual rental escalations during the base term and throughout the four, five-year renewal option periods.
✓ 20-Year Triple-Net (NNN) Lease: At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple-Net Lease | Lease will Have No Landlord Responsibilities
✓ Corporate Guarantee: The Lease will be Subject to a Corporate Guarantee by Mammoth Holdings, LLC (130+ Unit Operator)
✓ Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Lease will Include 1.50% Annual Rental Increases
NNN Pro Group is pleased to present the exclusive listing for a Mammoth Car Wash located at 7477 W Adams Ave in Temple, Texas. The site consists of 5,000 total square feet of building space and sits on 1.20 acres of land. The site will be subject to a 20-year sale-leaseback with Mammoth Holdings, LLC. The lease will call for 1.50% annual rental escalations during the base term and throughout the four, five-year renewal option periods.
✓ 20-Year Triple-Net (NNN) Lease: At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple-Net Lease | Lease will Have No Landlord Responsibilities
✓ Corporate Guarantee: The Lease will be Subject to a Corporate Guarantee by Mammoth Holdings, LLC (130+ Unit Operator)
✓ Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Lease will Include 1.50% Annual Rental Increases
NNN Pro Group is pleased to present the exclusive listing for a Mammoth Car Wash located at 5680 E Central Texas Expy in Killeen, Texas. The site consists of 5,744 total square feet of building space and sits on 1.8 acres of land. The site will be subject to a 20-year sale-leaseback with Mammoth Holdings, LLC. The lease will call for 1.50%annual rental escalations during the base term and throughout the four, five-year renewal option periods.
✓ 20-Year Triple-Net (NNN) Lease: At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple-Net Lease | Lease will Have No Landlord Responsibilities
✓ Corporate Guarantee: The Lease will be Subject to a Corporate Guarantee by Mammoth Holdings, LLC (130+ Unit Operator)
✓ Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Lease will Include 1.50% Annual Rental Increases
NNN Pro Group is pleased to present the subject Mexican Sugar; a trophy restaurant property in the economic powerhouse of Central Texas within Dallas County, and more particularly located at 3215 Regent Boulevard in Irving, Texas. Built in 2020, the subject investment consists of a +/- 2.05-acre parcel situated at the confluence of Interstate Highway 635 and W John Carpenter Freeway and approximately five miles east of Dallas Fort Worth International Airport. The subject property is located on the south side of Interstate Highway 635 just off N Belt Line Road and W John Carpenter Freeway. To the west: Whiskey Cake Kitchen & Bar, Taco Bell and Slim Chicken; To the south: The Dump Furniture Outlet and The Home Depot; To the east: Walk Ons and PINSTACK Las Colinas; To the south: thriving industrial park. Irving is a city in the Texas, in the las Colinas, an ideal master-planned urban center, within the Dallas-Fort Worth metropolitan statistical area.
The investment opportunity is subject to a 20-year, triple net (NNN) with Mexican Sugar Holdings, LLC (“Tenant”). The lease commenced in 8/1/2020 and will be subject to three (3), five (5)-year tenant renewal options, bringing the total possible lease term to 35 years. The initial rent will be $337,500 and will increase by ten percent (10.0%) every five (5) years. The lease will be corporately guaranteed by Whiskey Cake Holdings, LLC; the parent company behind Whiskey Cake (9), Sixty Vines (5), Ida Claire (3) and Mexican Sugar (2); four of the operators multiple thriving brands that identify as polished casual concepts.
16 Years Remaining
Corporate Guarantee – 19 Units – Outstanding Sales Figures on Each
Unit Level Sales of Over $10.6M in Sales in 2023
3.7% RENT TO SALES – 9X EBITDAR COVERAGE
Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
Attractive Rent Increases: 10.0% Every Five (5) Years
Three (3), Five (5)-Year Tenant Renewal Options
Exceptional, Proven Operator; Strong Unit-Level Performance
E-Commerce Resistant Investment Opportunity
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 $150,000 and is scheduled to increase by 1.75% throughout the base term and in each of the 6, 5-year renewal options.
NNN Pro Group is pleased to present the exclusive listing for a Pearl Street Dental located at 17159 FM 2493 in Flint, Texas. The site consists of roughly 3,857 rentable square feet of building space on estimated 2.53-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:
NNN Pro Group is pleased to present the exclusive listing for a Pizza Hut located at 3510 Knickerbocker Rd in San Angelo, TX. The site consists of roughly 2,651 rentable square feet of building space on estimated 0.28-acre parcel of land. This Pizza Hut is subject to a 15-year absolute triple-net (NNN) lease, which commenced September 9, 2005. The current annual rent is $75,000 and is scheduled to increase by 2.50% annually throughout the base term and in each of the 2, 5-year renewal options.
About the Investment:
✓ Long Term Absolute Triple Net (NNN) Lease | +/- 15 Years Remaining
✓ Two and One-Half Percent (2.50%) Annual Rental Increases
✓ Two (2), Five (5)-Year Tenant Renewal Options
✓ Tenant Shall Invest $400,000 into Site by End of 2025
✓ Fee Simple Ownership
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 3002 Saint Michael Dr., Texarkana, TX 75503. The site consists of roughly 6,650 rentable square feet of building space on estimated 1.77-acre parcel of land. This Red Lobster is subject to a 15.43-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, Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
– +/- 15.4 Years Of Lease Term Remaining With 2.00% Annual Bumps
– Four (4), Five (5)-Year Tenant Renewal Options
– Corporate Tenant | Corporate Guarantee
– Ranked in the 71st Percentile in Site Visits Out of All Red Lobster Locations According to Placer.AI* (18,991/66,997)
NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 7800 Bedford-Euless Road in North Richland Hills, Texas. The site consists of roughly 9,157 rentable square feet of building space on estimated 1.79-acre parcel of land. This Red Lobster is subject to an in place, 25-year, absolute triple-net (NNN) lease, with 16.5 years remaining base term. The current rent as of August is $456,992 and is scheduled to increase 2% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 16.5 Years Remaining
✓ Two Percent (2%) Rental Increases Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term Remaining to 36.5 Years
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 2801 S. I-35 East, Denton, TX 76210. The site will consist of roughly 7,103 rentable square feet of building space on an estimated 2.11-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $382,045 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year Renewal Options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 1280 S. Clack Street, Abilene, TX 79605. The site will consist of roughly 5,292 rentable square feet of building space on an estimated 1.38-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $271,757 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year Renewal Options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 100 Interstate 35 N, San Marcos, TX 78666. The site will consist of roughly 5,689 rentable square feet of building space on an estimated 1.44-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 12/17/2015. The annual rent will be $346,561 in August 2024.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases Starting in August 2026
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 1001 E Central Texas Expressway, in Killeen, TX. The site consists of roughly 8,356 rentable square feet of building space on an estimated 1.77-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $360,6221 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
✓ Oversized 1.77 Acre Lot
✓ Texas – Income Tax Free State
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 2497 S. Stemmons Freeway, in Lewisville, TX. The site consists of roughly 9,100 rentable square feet of building space on an estimated 2.20-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $324,0251 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
✓ Oversized 2.20 Acre Lot
✓ Texas – Income Tax Free State
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 5825 S. Padre Island Dr, Corpus Christi, TX 78412. The site will consist of roughly 8,224 rentable square feet of building space on an estimated 1.61-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/27/2016. The annual rent will be $473,799 in August 2024.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases Starting in August 2026
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 3311 I-40 West, in Amarillo, TX. The site consists of roughly 7,468 rentable square feet of building space on an estimated 1.62-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $399,8981 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
✓ Texas – Income Tax Free State
NNN Pro is pleased to present the exclusive listing for a Redevelopment Opportunity located at 6321 Wichita Street in Fort Worth, Texas. The site consists of an estimated 0.68-acre parcel of land. This Redevelopment Opportunity is a former QSR with a drive-thru. The site offer great visibility on a main road with traffic counts of over 20,900 along Wichita Street.
About the Investment:
✓ Dense Retail Corridor | Walgreens, CVS Pharmacy, Dollar General, Dollar Tree, McDonald’s, Burger King, Starbucks, Taco Bell, Sonic, Pizza Hut and Many More
✓ Located Directly Across From Tarrant County College – South Campus | Over 8,100 Students Enrolled
✓ Strong Traffic Counts | Over 20,900 Vehicles Per Day Along Wichita Street
✓ Located Approximately 8 Miles From Downtown Fort Worth, TX
✓ Strong Demographics | Over 230,200 Individuals Living Within a 5-Mile Radius
NNN Pro Group is pleased to present the exclusive listing for the Sonic located at 7820 Farm to Market 1960 Bypass Rd W in Humble, TX. The site consists of roughly 1,488 rentable square feet of building space on estimated 0.88-acre parcel of land. The Sonic is subject to a 15-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $50,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting in year four (4) throughout the base term and in each of the five (5), five (5)-year renewal options.
✓ New 15-Year Absolute Triple-Net (NNN) Sale-leaseback
✓ Tenant is an 18-Unit Subsidiary of Guernsey Sonic (87 Unit Sonic Operator)
✓ 5.33% Rent to Sales
✓ 1.50% Annual Rental Increases Starting in Year Four
✓ Five (5), Five (5)-Year Tenant Renewal Option Periods
NNN Pro Group is pleased to present the exclusive listing for a Take 5 Car Wash located at 204 E Belt Line Rd, Cedar Hill, TX. The site consists of roughly 5,489 rentable square feet of building space on estimated 2.67-acre parcel of land. This Take 5 Car Wash is subject to a 14.75-year absolute triple-net (NNN) lease, which commenced December 22, 2020. The current annual rent is $113,549 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ Long Term Absolute Triple Net (NNN) Lease: Roughly 12 Years Remaining on the Lease
✓ Corporate Guarantee: The Leases will be subject to a Corporate Guarantee by Driven Brands Inc
✓ Accelerated and Bonus Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Leases will Include 2.00% Annual Rental Increases
NNN Pro Group is pleased to present the exclusive listing for a Take 5 Car Wash and Oil Change located at 1341 Zaragoza Road, El Paso, TX. The site consists of roughly 5,428 rentable square feet of building space on estimated 1.95-acre parcel of land. This Take 5 Car Wash and Oil Change is subject to a 20-year absolute triple-net (NNN) lease, which commences upon the close of escrow. The current annual rent is$310,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
✓ Corporate Guarantee: The Leases will be subject to Corporate Guarantees by Driven Brands Inc
✓ Accelerated and Bonus Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Leases will Include 1.50% Annual Rental Increases
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at SEC Perryton Pkwy & E 28th Ave in Pampa Texas. The site consists of roughly 1,392 rentable square feet of building space on estimated 0.33-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 current annual rent is $100,000 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 is pleased to present the exclusive listing for a Take 5 Oil Change
located at 4541 Garth Rd, Baytown, TX 77521. The site consists of roughly
3,300 rentable square feet of building space on an estimated 0.33-acre
parcel of land. This Take 5 Oil Change is subject to a 15-year Triple Net
(NNN) lease, which commenced 8/8/2019. The current annual rent is
$125,400 and has scheduled increases of 10.00% Every 5 Years.
Investment Highlights:
Long Term Triple Net (NNN) Lease | Over 10 Years Remaining
Phenomenal Unit Level Performance | Extremely Profitable Location
Take 5 Chose This Due to Its Compelling Location
Outparcel to Willowcreek Shopping Center | Several Anchor Tenants in the
Area | Good Visibility and Ease of Access | Strong Sales
NNN Pro is pleased to present the exclusive listing for the Take 5 Oil Change located at 3810 Lamar Ave, Paris, TX. The subject property totals approximately 1,944 rentable square feet of building space on a total estimated 0.30-acre parcel of land. The investment is subject to a 20-year absolute triple-net (NNN) lease which commenced in August of 2023 – there are over 19 years remaining. The annual rent will be $111,650 and is scheduled to increase by 1.50% annually throughout the base term and in each of the four, five-year option periods.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Attractive Rental Increases | 1.50% Annually
✓ Ideal Automotive Service Fundamentals | In Path of Progress Outside Dallas|Excellent Visibility Along Lamar Ave
✓ Located Directly Opposite a Walmart Super Center
✓ Very Strong Unit Level Sales at this Location
✓ Phenomenal Traffic Counts | Over 20,000 and 25,600 Vehicles Per Day Along Lamar Ave and SE Loop 286, Respectively
✓ This Property Qualifies for Accelerated Depreciation *Consult Tax Advisor
✓ Texas – Income Tax Free State
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 1514 West Henderson Street in Cleburne, Texas. The site consists of roughly 1,682 rentable square feet of building space on estimated 0.78-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 current annual rent is $125,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.
About the Investment:
✓ 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 Take 5 Oil Change located at 1019 East Saunders Street in Laredo, Texas. The site consists of roughly 1,418 rentable square feet of building space on an estimated 0.30-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 current annual rent is $95,000 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
● 20-Year Corporate Absolute-Net Sale-Leaseback | Lease Will be Backed by 100+ Locations in 26 States, in the US and Mexico | Deep Pipeline of New Units Coming Online
● Brand-New Construction | 8,903 Square Foot Building Sits as an Outparcel to a Large Shopping Center Anchored by Hobby Lobby, Academy Sports + Outdoors, Ross Dress For Less, Five Below, Petco, and Ulta Beauty | Property is Projected to Open for Business in Summer of 2024
● Dense & Growing Retail Corridor | Property is Located in a Dynamic Trade Area with Significant Ongoing Development that Services all of Kaufman and Van Zandt Counties | Expectation for this to Become a Primary Retail and Commercial Hub for the Region
● Affluent Suburban Community | Average Household Income Exceeds $100,000 for Homes within 10 Miles of the Subject Property
● Robust Demographics | Population Exceeds 117,300 Individuals within a 10-Mile Radius | Substantial Population Growth Projected into the Next Five Years
● 20-Year Corporate Absolute-Net Sale-Leaseback | Lease Will be Backed by 100+ Locations in 26 States, in the US and Mexico | Deep Pipeline of New Units Coming Online
● Brand-New Construction | 6,800 Square Foot Building on a Large 2.10-Acre Lot | Property is Projected to Open for Business in Summer of 2024
● Dense & Growing Retail Corridor | Immediate Proximity to: Starbucks, Dunkin’, Dollar Tree, Auto Zone, Five Guys, O’Reilly Auto Parts, CVS, Costco, Petco, and Many More
● Affluent Suburban Community | Average Household Income Exceeds $121,000 for Homes within Five Miles of the Subject Property
About the Investment:
20 Year GSA Lease with Approximately 10 Years Remaining
The Lease is Guaranteed by the United States Government: AAA Credit Rating
US Department of Veteran Affairs has a $382 Billion Budget
The Base Rent is Flat, but the Operating Expense Reimbursement Threshold Increases with the Change in CPI
Significant $500,000 Recent Interior Renovation in 2023
Potential Value Add | Roughly 4,000 SF Unused Space that the VA Can Lease That Would Result in a Higher NOI and Immediate Value Creation
About the Investment:
✓ 20-Year Triple-Net (NNN) Lease with +/- 18.3 Years Remaining | No Landlord Responsibilities
✓ Income Tax Free Jurisdiction | TX is an Income Tax Free State
✓ Located In Tenant’s Home City | Whitewater Express is Headquartered In Houston
✓ Outstanding Demographics| Household Income of Roughly $134,100 within a Three-Mile Radius & Over 142,000 Residents within a Five-Mile Radius
✓ Corporate Guaranty | Whitewater Express Car Wash (100+ Locations)
✓ Potential Tax Benefits | Qualifies for 80% Bonus Depreciation & 15 Year Straight Line Method (please consult your CPA)
✓ Attractive Rental Increases | 1.00% Annual Rental Increases Through Initial Term and the Four (4), Five (5)-year Tenant Renewal Options
