NNN Lease | Corporate Guaranteed | Rental Increases Each Option Period
• The Lease is Corporate Guaranteed by Santander Bank (S&P: A-)
• 20 Year Initial Lease | Recently Exercised Six Year Extension
• Five 5 Year Options with a 10% Increase at Start of 1st Option and 5% Increases Every 5 Years Thereafter
• Tenant Pays for Taxes, Insurance, CAM, Utilities and Contributes to Roof & Structure Replacement
• Tenant has one Time Option to Replace the Roof; Landlord pays 60% of Replacement Cost and Tenant Pays 40%
Central Location | Strong Demographics | National Retailers in Surrounding Market
• Centrally located on North Main Street | Over 12,000 Vehicles Daily
• 20+ Years Operating at This Location
• 80,976 Residents in 5-mile Radius | $122,000 Average Household Income
• Area Retailers Include Dairy Queen Grill & Chill, Subway, Honey Dew Donuts, Walgreens, Domino’s, Dunkin', Aroma Pizza & Grill