NNN Lease

Property Item #117
HEMPSTEAD, NEW YORK (OFF MARKET)
10 Year NNN LEASE FOR THE HOMELESS SHELTER IN HEMPSTEAD, NEW YORK.
THE OPERATOR OF THE SHELTER IS IN PLACE, GREAT ANNUAL YIELD OF A 9% CAP FOR THE NEXT 10 YEARS STARTING MARCH 1st 2025,

WOW!!... 9% cap

  • PURCHASE PRICE PER THE SELLER OF $11,000,000 PLUS THE BUYER PAID 4% REAL ESTATE COMMISSION
    o OR SHOULD THE BUYER CHOOSE TO HAVE THE REAL ESTATE COMMISSION PAID BY THE SELLER, THE PURCHASE PRICE IS $11,440,000 (DELIVERABLE WHILE AVAILABLE. THE OFF THE MARKET, MUST STAY OFF THE MARKET, PLEASE DO NOT LET IT GO VIRAL.
    PLEASE NO UN-LICENSED WHOLESALERS, NO ASSIGNED CONTRACTS, NO WHOLESALERS AND NO TRANSACTIONAL FUNDING.

SUBJECT PROPERTY ADDRESS:

  • ( The actual address is protected, as this is OFF MARKET0
  • CLINTON STREET
  • HEMPSTEAD, NEW York 11550

We're passionate about helping investors and entrepreneurs succeed and thrive in today's competitive market. ALL THESE OFF MARKET PROPERTIES ARE PRICED BELOW MARKET AND YES, THIS WE DO GUARANTEE!!!

Unit #333 GAS STATION & C-STORE NNN Lease in Florida.

PURCHASE PRICE: $4,500,000 PLUS THE BUYER PAYS 5% REAL ESTATE COMMISSION

THE SELLER WILL ACCEPT A DISCOUNT FOR CASH......A SUPER GAS STATION LOCATION WITH A TENANT IN PLACE THAT WILL SIGN A 20YR NNN LEASE AT COE, 9%+ PLUS LEASE BUMPS

  • PROPERTY HIGHLIGHTS Gas Station & C - Store
  • Corporate Guaranteed Absolute Triple Net (NNN) Investment With 20 Years Remaining on the Lease with 2.5% Annual Bumps
  • Strategically Located at Signalized Corner Intersection of NW 7th Ave and Opa - Locka Blvd With Easy Access for Travelers and Truckers
  • Located Directly Off of NW 7th Ave, Which Sees Over 25,000 VPD
  • Trinity Petro is a 20 Unit Operator
  • Sits on an Approximately .73 Acre Corner Site
  • Population of over 1,700,000 within a 10 Mile Radius of Subject Property
  • Top MSA – Miami is the 9th Ranked Metropolitan Statistical Area in the Country
  • Easy Access for Drivers with Multiple Points of Entry
  • Situated a Block West from I-95, Which is the Main Traveling Route Connecting Miami to Fort Lauderdale, Boca Raton, & West Palm Beach

PROPERTY SUMMARY ADDRESS: xxx Opa - Locka Blvd Miami, FL 33168 COUNTY Miami Dade BUILDING AREA 2,114 SF LAND AREA 0.73 AC (actual address will be given to qualified buyer)

LEASE SUMMARY TENANT Trinity Petro

LEASE COMMENCEMENT Close of Escrow

LEASE EXPIRATION 20 Years From Close of Escrow

LEASE TERM 20 Years RENEWAL

OPTIONS 4 x 5 Years and the RENT INCREASES 2.5% Annually

LEASE TYPE Absolute Triple Net (NNN)

PERMITTED USE Gas Station,

PROPERTY TAXES Tenant Responsibility,

INSURANCE Tenant Responsibility,

COMMON AREA Tenant Responsibility,

ROOF & STRUCTURE Tenant Responsibility,

REPAIRS & MAINTENANCE Tenant Responsibility,

HVAC Tenant Responsibility,

UTILITIES Tenant Responsibility,

RIGHT OF FIRST REFUSAL No

Unit #334

This is a portfolio of four florida gas stations being sold by a retiring seller. There is one seller and one operator.

This can be sold as a portfolio or sold one at a time while they are still available.

The initial cap rate or walk-in cap rate is at 8.5%. The initial lease with the in place operator will be absolute nnn, totally no responsibility from the in-place owner/landlord will be for 20 (twenty) years with annual 2% lease bumps. ----then----it gets better. After the first twenty years, there are 4 (four) 5 (five) year option periods also with annual 2% lease bumps.

This is extreme off the market and this portfolio is being very limited to the gain network. This portfolio is unique in starting noi, annual lease bumps, term years plus extensions.

Purchase price per the seller of $40,764,706 plus the buyer paid 4% real estate commission.....

The four stations can be purchased separately. Individual prices are shown on the pdf attachment (will be provided to the qualified buyer)

Or

Should the buyer choose to have the seller pay the real estate commission, purchase price is $42,395,294 (deliverable while available.

*****this is direct to the seller*****

Please no assignable contracts and no un-licensed wholesalers.

This is a totally off the market portfolio that features one operator or leasee. This can be a portfolio sale or individually sold. There are four florida gas stations with the land, very large convenience stores, new modern car washes and one tenant operator for all four stations already in-place.

At the close of escrow, the in-place tenant will sign a twenty (20) year nnn lease which will also include an additional four 5 year option periods with two percent (2%) lease bumps in the nnn lease.

To summerize, four very large money making gas stations (three shell stations and one chevron station) with large conveniece stores and all with car washes with one very long term tenant already in place with nnn leases for atleast 40 year terms (20 year initial nnn lease plus four 5 year option periods) plus annual 2% lease increases or bumps. The initial leases start on close of escrow.

This is the classic investment vehicle for the passive inestor, nothing for the investor to do but sit back and collect your checks from the in-place operator on nnn leases for the next 40 years, maybe more. The walk-in cap rate before the annual two percent (2%) annual lease bumps, is 8.5%.