single tenant triple-net leased
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If all operating expenses (except, possilbly, for management fees) are paid by the tenant in
single tenant triple-net leased property, the lease is referred to as an Absolute Net Lease.
single tenant triple-net leased property #1074
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single tenant triple-net leased
Single Tenant Triple-Net Leased Tenant:
Applebee's
Capitalization Rate (CAP):
8.5%
Asking Price:
$1,525,000
Net Operating Income (NOI):
$129,625
State Located: OH
Lease Terms:
20 year lease commenced 7/94. 7.5% rent increase every 3
years.
Size of Building: Inquire
Size of
Lot: Inquire
Financing Obligations:
None
Additional Comments: Tenant's Net Worth: $27.6 million.
Request for Package & Non-Exclusive Agreement: Buyers currently under
agreement in our files, simply request more information.
Buyers interested
in the above single tenant triple-net leased property and not yet under previous agreement, please
request our agreement.
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Information contained herein has been obtained from sources that are deemed reliable.
We have no reason to doubt the accuracy, however we do not guaranty it.
This single tenant triple-net leased property is offered subject to prior placement, withdrawal,
cancellation, or other conditions without prior notice.