445 Herlong ave - Land with Commercial Building

Asking $660,000 for true 6.75% Cap, 100% NNN leased carwash/oil change leased by COSTA Oil with approximately 13.5 years remaining. NO owner responsibilities. Approximately 0.7 acre site located on high traffic count road surrounded by retail and medical office with close proximity to regional hospital. Very strong demographics for 1 and 3 mile. Corporate ran location with personal guarantees from franchisee. 2.5% bumps per year for every year of the lease. Potential for early termination with significant buy out/breakage fee. 3 years paid if broken in years 0-5, 2 years for 6-10, 1 year if in 11-15.