Strickland Brothers - Net Lease Property for Sale
Key Investment Metrics
Price
$2,331,000
Cap Rate
6.8%
Net Operating Income
$157,342
Building Size
1781 SF
Lot Size
1,781 SF
Land Area
0.52 Acres
Remaining Term
12.9 years
Lease Expiration
11/29/2038
Lease Term
15.3 years
Lease Commencement
08/15/2023
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years; 9/1/2028
About This Strickland Brothers Net Lease Property
This Strickland Brothers NNN (triple net lease) property is located in , and represents an excellent investment opportunity for commercial real estate investors. The property features 1781 square feet of building space and was built in 2023.
With a cap rate of 6.8%, this Strickland Brothers net lease property offers stable income potential. The asking price is $2,331,000, making it an attractive option for 1031 exchange investors seeking quality Strickland Brothers commercial properties.
Why Invest in Strickland Brothers NNN Properties?
- Stable Income: Strickland Brothers net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Strickland Brothers is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
, Market Overview
Located in , , this Strickland Brothers property benefits from strong local demographics and market fundamentals. The area offers excellent visibility and accessibility, making it an ideal location for Strickland Brothers operations and a solid investment for net lease property buyers.