The Tire Choice
LONG-TERM ABSOLUTE NNN LEASE
The Subject Property is operating under a long-term 20-year lease with over 10 years remaining on the primary term. Additionally, this property is encumbered by a true Absolute NNN lease with zero obligations for the Landlord.
PRIMARY TERM RENTAL INCREASES
There are scheduled 8% rental increases every five years throughout the lease term, and 10% rental increases in each of the four, five year option periods.
STRONG CORPORATE GUARANTY FROM MONRO, INC
This property is operating as a Tire Choice, and is corporately guaranteed by Monro, Inc. Monro is traded on the Nasdaq under ticker symbol MNRO; operates over 1,200 locations and is showing year-over-year growth in sales, employees, net worth and several other financial metrics. As of March 28, 2020, Monro had Annual Sales of $1.26 Billion and a Net Worth of $734.4 Million.
OUTSTANDING MARKET FUNDAMENTALS AND INCOME-TAX FREE STATE
Subject Property is located at a signalized hard corner off the busy street of Dale Mabry, where there are over 37,000 cars passing by per day. Additionally, this property benefits from having over 100,000 people living within three-miles and nearly 500,000 within five-miles.
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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.