Net Lease Investment Offering – True NNN Lease (10 Year Lease). 11,200 SF Fully Leased Building on 2 Acres.
Tenant will sign a new 10 year true NNN lease $120,000 / year NOI with 2% annual increases for entire building. Main tenant is Lucky Dog Barks and Recreation occupying 8,000 SF and sub-leases 3,200 SF to long term tenant Banging Body Boot Camp. Both tenants have occupied the building for over 12 years with successful track record and long term clientele. Tenant will pay all building expenses directly.
Sale Price: $1,400,000
Annual NOI: $120,000
CAP Rate: 8.5%
*Broker has an Ownership Interest