- Absolute NNN Lease - No Landlord Responsiblilties
- Corporate Guarantee - S&P AA-
- Hard Corner Location
- Long Term Occupancy Since 1992
This investment consists of a single tenant convenience store leased to 7-Eleven. The lease was first signed in 1992 but was just extended five years through The tenant has two remaining option terms with rental increases in each.
The structure of the lease is absolute NNN whereas the tenant is responsible for all taxes, insurance, common area maintenance, and repair/replacement (including roof and structure).