The lease includes 1.5% rental increases during each year of the base term and two, 5-year extension options. Site includes excellent access and visibility to the main thoroughfare in Atlantic which sees over ±10,000 VPD.
Fee simple interest in a Sherwin-Williams Store at 5725 Sunnybrook Drive, Sioux City Iowa. The building has 4,500 square feet and located in strong retail cooridor next to large big box retailers including: Target, Lowes, Hobby Lobby, Marshalls, Bed, Bath and Beyond and McDonalds. Sunnybrook is right off of I-75 freeway with over 13,000 direct traffic at the store. The tenant just recently renewed it’s lease in 2021 and has 10% rental increases every 5 years.
The subject property is a brand-new build-to-suit for Brakes Plus, which opened for business in 2021. The lease features zero landlord responsibilities, five, five-year options to extend, and 8.00% rental increases every five years in the base term and throughout the option periods.