The true absolute triple net lease term is 15 years with three 5-year renewals.
OFF Market Positive cash flow Properties
Commercial, residential and industrial
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This property is offered with assumable financing with roughly 450K down which is the market value of the 7-Eleven out lot alone. Note the amount of principal reduction of 77K annually. An investor can come into the deal with little money down and within three years flip the property with nearly double his equity from his initial position. Please contact me with any questions you may have.
The tenant is Imagine Charter Schools, the guarantor is School House Finance, you can see some public information on them here: School House Finance (company on the lease)
2009 Annual report (see pg30 for financial assets overview)