NNN Drive Time Lease(the biggest company in the retail car business,they have about 200 location over the states)
The whole property has been renovated in 2021(about 400k spent on renovation)
Lease for 25 years about 21 years left
Hot location in the busiest area in town surrounded by all major franchise dealership in Georgia
Tenant pays $4000 a month untill April 2026 then 10% increase will apply every 5 years with 0 responsibilities for the land lord($48,000.00 net money to land lord this year then $52,400.00 starting next year)
Tenant pays for all repair and replace expense including roofing, electrical, pluming , flooring, structural, HVAC etc............
Tenant pays liability insurance, building insurance and Property Taxes
The value of the property after renovation as a vacant property about 1.3 million
selling it cheap to liquidate quick cash