This is a true NNN investment opportunity. The asset is secured by a 4-year triple net (NNN) lease with annual rent increases in years 3 and 4, providing stable and growing income with minimal ownership responsibilities. The property is located within an office building that is part of a condominium association, making it well-suited for investors seeking predictable income, low management intensity, and stable real estate returns.
Investment Highlights:
- Brand new 4-year NNN lease in place as of June 1, 2026
- NNN Lease Providing Passive, Management-Light Ownership
- All utilities are Tenant’s responsibility and condo association fees are built into the CAM/NNN charges
- 4-Year Lease with annual rent escalations beginning year 3. First 2 years’ base lease is $12 psf, plus NNN, then 4% annual escalators for each of the next 2 years
- Years 1 and 2 - $12 psf l NOI = $36,960 – 6.85% cap rate
- Year 3 – $12.48 psf l NOI = $38,438.40 – 7.12% cap rate
- Year 4 – $12.98 psf l NOI = $39,978.40 – 7.41% cap rate