Offering Memorandum
Property Highlights
- BRAND NEW 20 YEAR LEASE EXECUTED AT CLOSING
- ABSOLUTE TRIPLE NET (NNN) WITH NO LANDLORD RESPONSIBILITIES
- HEALTHY 6.15% RENT-TO-SALES RATIO
- 7.5% RENT INCREASES EVERY 5 YEARS
- FOUR (4) FIVE YEAR OPTIONS TO RENEW
- LEASE IS GUARANTEED BY ABTB LLC , A 33 UNIT TACO BELL FRANCHISEE
- Price: $2,454,000
- Lot Size: .65
- Cap Rate: 5.50%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 1987/2012
- Building SF: 2,199
- Status: Sold
- Guarantor: Franchisee