2-Tenant Retail | NNN | Annual Increases 1308 Ridgewood ave

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, 100% occupied, retail investment property located in Edgewater, Florida. The property totals 4,887 SF and is divided into two suites with Taco Bell occupying 1,887 SF and VidaCann utilizing the remaining 3,000 SF. The property features a 15-year lease for Taco Bell, a 10-year lease for VidaCann, and 3 (5-year) option periods for both tenants. The brand new Taco Bell lease features 2% annual rental increases and the VidaCann lease features a 10% rental increase at the beginning of year 6. Both tenants will see these increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The offering consists of a diverse e-commerce resistant tenant lineup comprised of service tenants, creating a stabilized income stream for a new investor. Both tenants recently signed brand-new long-term leases which are NNN in nature, limiting expense leakage for a future investor.