ABSOLUTE NNN | FEE SIMPLE OWNERSHIP | BONUS DEPRECIATION ELIGIBLE
• No Landlord responsibilities
• Ideal, management-free investment for a passive investor
• Contact broker for bonus depreciation proforma
EXPERIENCED OPERATOR WITH 5+ YEARS OF LEASE TERM | SCHEDULED RENTAL INCREASES ESTABLISHED BRAND
• The tenant (Global Partners, LP) has over 5 years of term remaining & 3, 5-year options to extend, demonstrating their long-term commitment to the site
• The lease features 1.5% rental increases annually during the initial term and throughout each option period, growing NOI and hedging against inflation
• The lease is backed by Global Partners LP, a leading energy supply company that secured a spot at 361 on the 2018 Fortune 500 list. Global Partners LP is a publicly traded company (NYSE: GLP) with a B+ credit rating from Standard & Poor’s.
LARGE SITE – BELOW MARKET RENT
• Large 1.26 Acre with full unrestricted access
• Below market ground lease
• Ground Lease Rent Comps exceed $120k per year.
DENSE AFFLUENT RETAIL CORRIDOR | STRONG NATIONAL/CREDIT TENANT PRESENCE
• Heavily trafficked location with subject property seeing over 32k vehicles per day
• Average Household Income of over $95,000 in 1 mile radius, $107,000 in 3 mile radius
• Subject is located along a primary retail corridor, proximal to Center Point Place, featuring national tenants in Giant, Ashely Furniture, & Kohl’s