Absolute NNN lease provides zero management responsibility. 16-Years remaining on the primary term with 4, 5-year options to extend. Long history of strong performing sales. Scheduled rent increases of 8% every 5-years, including each option term.
Long Term Lease Remaining – 12+ Years with Options. Absolute NNN Lease. Strong Suburban Location. Income Tax Free State. Grocery Anchored. Hard Corner Location with Strong Traffic Counts.
S&P Rated AA- Investment Grade Credit. The lease calls for zero landlord obligations and the tenant has one, 5-year option to renew with 10% increases. The site is strategically located on a major thoroughfare and neighbors many local retailers.
Investment Grade Tenant: S&P Corporate rating “BBB”. Across I-5 from Joint Base Lewis-McChord, a total active population of nearly 210,000 inhabitants, the 4th largest military installment worldwide. 1 Mile North of Madigan Medical Center.
Affluent Area – Features an Average Household Income in Excess of $95,100+ Within a 5-Mile Radius. Strong Visibility Hard Corner Rd to Combined Daily Traffic Counts in Excess of 21,000+ Vehicles. Nearest Walgreens is Over 1 Hr away (10+ Miles) w/ Ferry.