NNN Lease Market News
Calkain Companies Featured Listing (NNN) Lease McDonald's
Absolute NNN 20 Year Corporate McDonald's with 10% rent bumps every 5 years Zero Landlord Obligations. McDonald's Corporation operates over 31,300 restaurants in 118 countries. McDonald’s (S&P: A, NYSE: MCD) Triple Net (NNN) originally meant net of taxes, net of insurance, and net of maintenance. According to the terms of an absolute NNN, the tenant is responsible for all property operating expenses, including insurance, taxes and internal and external maintenance.
NNN properties offer the benefit of little or no management responsibilities, as the tenant pays for most, if not all, of the expenses depending on the terms of the lease. The investor receives the rent with little to no other involvement. With an absolute triple net lease, the tenant is responsible for all expenses, making this a true passive investment for the owner.
LEASE SUMMARY
Total NOI $136,000*
Tenants McDonald's & Marathon Petroleum
Guarantee Corporate
Lease Commencement March 2008
MCDONALD'S
NOI $65,000*
Rentable Square Feet 2,726 +/- sf
Lease Type NNN
Lease Term 10 years
Increases Percentage Rent & 10% increase in base rent beginning with the 2nd renewal option
Options Automatic Six (6), five (5) year
Includes percentage rent MARATHON PETROLEUM
NOI $71,000
Rentable Square Feet 3,040 +/- sf
Lease Type NNN
Lease Term 15 years
Increases 10% every 5 years
Options Automatic Five (5), five (5) year
HIGHLIGHTS
•Rent-to-Sales ratio of approximately 3%, growing sales year over year
•Corporate Backed Leases by McDonald's and Harper Oil
•15-year Accelerated Depreciation
•Only McDonald's within 20 mile radius Multiple Locations Nationwide
http://www.calkain.com/
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