Offering Memorandum
Highlights
- Absolute NNN Lease with 11.5 Years Remaining and Two Five-Year Renewal Options
- Priced Below Replacement Cost
- Corporately Guaranteed by Grease Monkey International, Inc (343 Locations)
- Favorable Rent Increases by CPI Every 5 Years - 7.50% Minimum - 12.50% Maximum
- Essential Business that is Internet and Recession Resistant
- Oversized Lot - 0.78 Acres; Brick and Stone Construction - Built in 2003
- High Visibility - Easy Ingress and Egress from E Bromley Ln and Prairie Center Pkwy
- Located in Dominant Retail Corridor: Lowe’s, Target, Home Depot, Brakes Plus, and more; Adjacent to Platte Valley Medical Center
- Price: $1,644,000
- Lot Size: 0.78 AC
- Cap Rate: 6.50%
- Lease Type: Absolute Triple Net
- Year Built: 2003
- Building SF: 2,500
- Status: Sold
- Guarantor: Corporate Guarantee - Grease Monkey International