This is a true NNN investment opportunity! The asset is secured by a 4-year triple net (NNN) lease with annual rent increases in years 3 and 4, offering investors stable, growing income with minimal ownership responsibilities. The property benefits from being in an office building secured with a condominium association and this investment is well-suited for buyers seeking predictable income, low management intensity, and stable real estate returns. Investment Highlights - Brand new 4-year NNN lease in place as of June 1, 2026 - NNN Lease Providing Passive, Management-Light Ownership - All utilities are Tenantâs responsibility and condo association fees are built into the CAM/NNN charges - 4-Year Lease with annual rent escalations beginning year 3. First 2 yearsâ base lease is $12 psf, plus NNN, then - 4% annual escalators for each of the next 2 years - Years 1 and 2 â $12 psf l NOI = $36,960 â 6.85% cap rate - Year 3 â $12.48 psf l NOI = $38,438.40 â 7.12% cap rate - Year 4 â $12.98 psf l NOI = $39,978.40 â 7.41% cap rate
Listing courtesy of C21 Midlands.