True Value
1,475,000
Garden City, KS
At-A-Glance
Price: $1,475,000
NOI: $105,000
Cap Rate: 7.12%
Occupancy: 100%
Existing Balance: $755,102
Original Loan Balance: $770,000
Interest Rate: 6%
Amortization: 25 Year
Payment: $4,961
Maturity: November 2047
Opportunity
Long-Term (20-Year) Single Tenant NNN Leased True Value Sale Leaseback
Highlights
- Brand new 20-year absolute NNN lease featuring scheduled rental increases during the initial lease term and options
- Long-term history at site with strong sales - Rent to sales ratio is approximately 3%
- Absolute NNN lease structure - Tenant is responsible for everything including base rent, taxes, insurance, CAM - No Landlord responsibilities whatsoever
- Low Price per Square foot - $68 PSF
- Low Rent at $0.40 PSF monthly
- Ideal 1031 Investment Opportunity for Passive Investor - No Landlord responsibilities
- True Value has over 4,500 stores nationwide
- 3% annual rental increases through the lease term, including options
- Proven Location - True Value has been at this location since 1985 and are ready to commit to another 20 year lease term
- Top Performing True Value - Ranked #1 within a 50-mile radius and ranked in the 87 percentile in the state of Kansas
