WSS | New 11yr Corp NNN w/ Increases 6021 S Central Ave

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, corporate signed WSS Shoes property located in Phoenix, Arizona. The tenant recently recently signed a brand new 11-year lease term with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase in March 2029, as well as 10% increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. A new roof was installed in 2024, which includes a 2-year full contractor warranty, as well as a 10-year manufacturer warranty. Foot Locker Inc. (NYSE: FL) recently purchased WSS and now serves as the parent company.