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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Courtesy of: Serafin Real Estate 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: 1st February, 2023 5:52 AM (UTC)
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