TEST - Javier & ^ Alejandro & ^ Troyas

Description:

SRS Real Estate Partners is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Salad and Go investment property located in North Las Vegas, Nevada (Las Vegas MSA). The tenant, And Go Concepts, LLC, recently signed a brand new 20-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by And Go Concepts, LLC and is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Headquartered in Gilbert, AZ, Salad and Go currently operates 40+ locations and has plans to expand across the United States within the next two years, with the subject being the first location in the state of Nevada. The building, which is scheduled to open December 2022, will feature a state-of-the-art design using high quality materials. Tenant has received building permits and city approvals and is in construction period. The lease is also firm/non-contingent. Seller will credit rent if tenant rent has not commenced and buyer desires an early closing.

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