NNN Investment perfect for 1031 Exchange! Corporate guaranteed and operated, Ono Hawaiian Grill drive-thru, part of the new 5th Street Gateway! "Build-To-Suit" construction to be finished 2nd quarter of 2025 allowing an investor the opportunity to take additional tax savings via depreciation and/or cost segregation study. Located in an Opportunity Zone giving investors even further tax benefits if they purchase before certificate of occupancy is issued. This Ono Hawaiian Grill drive-thru has extremely high visibility adjacent to the new Starbucks and across the street from In-N-Out along with a freeway pylon sign and monument signage. Other adjacent tenants include: Del Taco, 7/11 Gas Station, Chipotle (Under construction), Sonic (Under construction), and Quick Quack Car Wash.
In addition to rental income, Tenant reimburses Landlord for pylon signage, $5,000 per year for the initial 10 years of the lease for a total of $50,000.
Total annual rent including reimbursement is $140,729.