15 year absolute NNN leases.
Elford Realty, LLC is pleased to present two newly constructed Tim Horton’s build-to-suit sale-leaseback opportunities with a 15 year NNN lease (at closing) in Mansfield & Bucyrus, Ohio. The leases have a 10% bump in Year 6 & 11, and have 3-5 year options. The lease is guaranteed by a Tim Horton’s franchisee that has 35+ locations, with 10 more under development for 2017. The properties sit on major state routes in strong retail corridors. Total portfolio value is $2,815,000 at a 6.75% Cap Rate.