Take 5 | New 16yr Abs NNN | New Construction 55th Street NW & Chateau Road

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 investment property located in Rochester, Minnesota. The tenant, Ironside Operations, LLC recently signed a brand new 16 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The newly-constructed building features a state-of-the-art design with high-quality materials. Take 5 Oil Change® has more than 800 company-owned and franchised service centers throughout the United States and Canada.