Offering Memorandum
Property Highlights
- 9.75 YEARS REMAINING ON AN ORIGINAL 15-YEAR LEASE
- ABSOLUTE TRIPLE NET (NNN) LEASE WITH NO LANDLORD RESPONSIBILITIES
- CORPORATE GUARANTEE FROM GREASE MONKEY INTERNATIONAL INC. (300+ LOCATIONS)
- LOCATED IN A DENSE RETAIL CORRIDOR AND POSITIONED IN A KROGER ANCHORED SHOPPING CENTER
- INTERNET AND RECESSION RESISTANT BUSINESS
- 10% RENT INCREASES EVERY 5 YEARS WHICH PROVIDES A HEDGE AGAINST INFLATION
- LOCATED IN ATLANTA MSA (POPULATION: 498,000+) WITH A HOUSEHOLD INCOME OF $175,636 WITHIN A 3-MILE RADIUS
- Price: $1,690,000
- Lot Size: .65
- Cap Rate: 6.70%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 1997/2015
- Building SF: 2,555
- Status: Sold
- Guarantor: Corporate