Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING! Online Bidding Opens - Tuesday, May 14, 2024. Live On Site Auction - Thursday, May 16, 2023 at 1:30 PM. List price is opening bid only. A $100,000 cashier's check deposit is required to bid. Triple net ground lease to 7-Eleven, Inc., dated November 8, 2002. The current lease is in the first five-year extension period, running through November 2027, with an annual rent of $87,846 NNN. There are 3 remaining five-year options at increased rentals. The extension beginning 12/1/2027 has an annual rent of $96,630.60 NNN. Tenant pays for all maintenance, insurance and annual real estate taxes.
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0BEDS
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2.19ACRES
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0BATHS
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01/2 BATHS
Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING! Online Bidding Opens - Tuesday, May 14, 2024. Live On Site Auction - Thursday, May 16, 2023 at 1:30 PM. List price is opening bid only. A $100,000 cashier's check deposit is required to bid. Triple net ground lease to 7-Eleven, Inc., dated November 8, 2002. The current lease is in the first five-year extension period, running through November 2027, with an annual rent of $87,846 NNN. There are 3 remaining five-year options at increased rentals. The extension beginning 12/1/2027 has an annual rent of $96,630.60 NNN. Tenant pays for all maintenance, insurance and annual real estate taxes.
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