Lease (extended in 2019) with no landlord responsibilities. Corporate guaranty from Driven Brands, the BBB- rated parent of Take 5. Dense location in Hammond’s main retail corridor with maximum exposure to 50,000 VPD. Lease provides for 2% annual escalations offering a hedge against inflation.
| Price: | $1,081,500 |
|---|---|
| Status: | Available |
| CAP: | 6.50% |
| Years Left: | 8.3 |
| Lease Type: |
9,014 SF building. 0.99 Acre lot. Year Built: 2004. Lease Structure: NN. Lease Expiration Date: 12/31/2023. Renewal Options: Five, 5-year options remaining. Corporate Guarantee: Dollar General Corporation.
| Price: | $775,500 |
|---|---|
| Status: | Available |
| CAP: | 7.27% |
| Years Left: | 2.9 |
| Lease Type: |
Strong rent to sales – recently renovated building in 2017 with$400,000 invested to upgrade the Subject Property to Wendy’s latest restaurant prototype. Proximate to local mixed-use development and the Alexandria International Airport.
| Price: | $2,225,000 |
|---|---|
| Status: | Available |
| CAP: | 5.40% |
| Years Left: | 19 |
| Lease Type: |
4-Years Remaining on Term | Long Term Occupancy | Options to Extend | Scheduled Rental Increases. NN+ Lease | Fee Simple Ownership | CAM Reimbursed | Limited Landlord Responsibilities. Located Along Primary Thoroughfare | No Competition.
| Price: | $572,072 |
|---|---|
| Status: | Available |
| CAP: | 8.25% |
| Years Left: | 3.6 |
| Lease Type: |
