- New 25 Year Absolute NNN Lease Will Commence Upon Close of Escrow
- Brand New Construction | Restaurant Opening in December 2017
- Absolute NNN Lease Requires Zero Landlord Responsibilities
- 1% Annual Increases Including the Option Periods
- Top Franchisee Nationwide (295 Locations)
Fortis Net Lease is pleased to present a brand new free-standing Taco Bell located at 405 North Franklin Street in Cuba, MO. When the store opens for business in December 2017, the tenant, K Mac Enterprises will sign a brand new 25 year absolute NNN lease requiring zero landlord responsibilities. The entire 295 unit entity will be responsible for the lease. The lease also features 1% annual rent increases to hedge against inflation. These rent escalations are also included in the Four 5 year option periods.
This investment property is surrounded by many national retailers such as Walmart, McDonalds, Dollar Tree, Aaron’s, Mobil Gas, Hardees, Subway, Dollar General, Sonic, Jack in the Box and more. The ten mile population exceeds 16,000 residents. The median home value within five miles exceeds $131,000 and the average household income within five miles exceeds $56,000. This is an ideal opportunity for an investor to purchase a passive income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance and capital expenditures including the roof, structure & HVAC.