The property a single-tenant net leased property. Tenured dental practice with 8 years remaining on a triple net lease (NNN) this is a lucrative opportunity. Here’s a summary of key points to consider: The Lease commenced July 1, 2023 and Expires June 1, 2033. The Tenant has two 5 year option to renew the lease, which, if exercised, would take the lease expiration to June 30, 2043. The lease has annual rent escalations of 3.00% every year for the initial term and through the Option term. Net leased investment real estate is scarce in in New Mexico, making this the ideal opportunity for a savvy investor to acquire real estate in an accelerating growth zone.