NNN investment opportunity with brand-new 10 year lease and 3% annual rent escalations. The lease includes the tenant's personal and corporate guaranty and 1 x 5 year renewal options. The projected revenue for the business is expected to exceed $900K in a 12-month period and the surrounding demographics provide a strong opportunity for growth. TENANT: Caritas Academy LLC LEASE COMMENCEMENT: July 1, 2022 RENT COMMENCEMENT: October 1, 2022 LEASE EXPIRATION: June 30, 2032 LEASE TERM: 10 Years RENEWAL OPTIONS: 1 x 5 Years RENT INCREASES: 3% Annually PROPERTY TAXES: Tenant Responsibility PROPERTY INSURANCE: Tenant Responsibility COMMON AREA: Tenant Responsibility ROOF: Landlord Responsibility STRUCTURE: Landlord Responsibility HVAC: Tenant Responsibility UTILITIES: Tenant Responsibility
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 26th March, 2023 5:50 PM (UTC)