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 Four Year Extension
• Two 3 Year Options with a 10% Increase at Start of 1st Option and 5% Increases Upon 2nd Option
• 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 Main Street | Three Access Points
• 20+ Years Operating at This Location
• 154,780 Residents in 5-mile Radius | $110,373 Average Household Income
• Area Retailers Include CVS, Dunkin Donuts, House of Pizza, Stachey’s Pizza, The Wine Lab, Painting with a Twist, China Wok, Heavenly Donuts, Anton’s Cleaners, Kumon, H&R Block, and more