Courtesy of: Jacob Peoples, RAILHEAD REALTY, LLC, peoplesrei@gmail.com
Courtesy of: Jacob Peoples, RAILHEAD REALTY, LLC, peoplesrei@gmail.com
$1,775,000
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Lot: 1.78 Acres
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Industrial
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$1,775,000
426 Metro Park Drive Railhead Realty, LLC is pleased to announce the exclusive listing for a leased fee interest in a corporate signed, single tenant, NNN ground lease, Enterprise Truck Rental located in Mckinney, Texas. The tenant, EAN Holdings, LLC, doing business as Enterprise Truck Rental. With approximately 6.5 years left on the initial term with 4 (5 year) option periods to extend. The lease features 7.5% rental increases at the beginning of each option period, increasing NOI and hedging against inflation. With minimal landlord responsibilities, this NNN is a management free passive investment. Landlord responsibilities are limited to maintaining liability insurance. The tenant has the ongoing right to terminate the lease any time after the 24 month of lease term, subject to a 90-day notice to landlord. EAN Holdings currently operates over 7, 000 Rent-A-Car locations worldwide.
Courtesy of: Jacob Peoples, RAILHEAD REALTY, LLC, peoplesrei@gmail.com
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