LEASE
Upon closing, Tenant will execute a new 15-year absolute NNN lease with 2.00% annual increases. Rent is set at $105,000/year, offering a healthy rent to sales ratio. The lease will include unit-level P&L reporting each year as well as a personal guaranty from its owners. This is an established location that reports strong store sales and profitability. Ask broker for more details on unit-level performance and guarantee.
PROPERTY
The subject property consists of a 629 SF building located on 0.60 acres. It is located in the center of the local trade area on US Highway 150 (6,643 VPD). CVS is directly across the street while other retailers nearby include Marathon Gas Station, Burger King, Citgo, Arby’s, Casey’s Gas Station, O’Reilly Auto Parts, Dollar Tree, AutoZone, Taco Bell, Starbucks, Domino’s Pizza, RP Lumber, Subway, McDonald's, and numerous others. The site is easily accessible via a center turn lane and offers excellent visibility. As shown by the pictures, cars are wrapped around the drive thru each morning.