About the Investment

• Long Term Absolute Triple Net Lease | There are over fifteen years remaining on an original twenty year absolute triple net (NNN) lease. There are no landlord responsibilities, making it the perfect opportunity for a passive investor.
• Attractive Annual Increases | The lease features two percent (2%) annual increases throughout the base term of the lease and throughout the two, ten-year option periods.
• Strong Demographics | Within one mile of the property there are over 16,000 individuals, over 92,700 within three miles, and over 213,000 individuals within five miles of this Shell. The population within a one mile radius grew by 4.7% over the last five years. The average household income within a five mile radius exceeds $88,400.
• Tax Free State of Florida | Riviera Beach is a suburb of Fort Lauderdale and city in Palm Beach County, the third most-populous county after Miami-Dade and Broward County. Riviera Beach is home to the Port of Palm Beach and a United States Coast Guard Station, in addition the city is home to Blue Heron Bridge, one of the country's top-rated beach dive sites. The subject property is less than seven miles from the Palm Beach International Airport.