NNN Institutional Asset - 100% Bonus Depreciation Eligible
Brand-New 20-Year Absolute NNN | $15M Recent Renovation | 7.5% Cap
Asking Price: $26,400,000
(Based on $1,980,000 annual rent at a 7.5% cap)
Rent: $165,000 per month
Lease Start: Q3 2025
A Newly Rebuilt, Institutional-Grade NNN Asset Positioned for Long-Term Passive Income
This offering represents the highest tier of passive investment: a fully renovated, modernized retail facility with a national credit tenant under a new 20-year absolute NNN lease. With $15 million invested into a full-scale renovation, the property is effectively new construction, offering zero deferred maintenance and full eligibility for 100% bonus depreciation.
This is a long-term, ultra-stable asset built for investors who prioritize predictable income and aggressive tax efficiency.
Key Selling Points
1. $15,000,000 Recent Renovation – Turnkey for the Next 20 Years
The tenant has poured $15M into a complete structural and operational overhaul. Investors acquire a modern, fully upgraded facility with no near-term capital needs.
2. Absolute NNN – Zero Responsibilities
No management, no maintenance, no landlord duties. The tenant covers everything including roof, structure, taxes, insurance, and all operating costs.
3. 100% Bonus Depreciation Eligible
Because of the asset classification, investors can take full bonus depreciation. This is extremely rare for a high-credit NNN asset and significantly increases after-tax yield.
4. $1,980,000 Annual Rent
Backed by a long-term, nationally recognized tenant with exceptional creditworthiness and financial performance.
5. 20-Year Brand-New Term with 2% Annual Increases in Renewal Options
Stability for decades, with built-in income growth.
6. 18,000 SF on a 20-Acre Parcel
The scale, land position, and site control create long-term residual value beyond the lease itself.
7. Tenant: National credit tenant
Ideal Buyer Profile
This opportunity is ideal for:
- 1031 exchange investors seeking a zero-maintenance replacement
- Family offices focusing on tax-advantaged, long-term income
- High-net-worth individuals looking to offset active or passive income via bonus depreciation
- Institutional buyers seeking a low-risk, credit-backed asset with a new 20-year runway
This asset provides long-term income security, tax efficiency, and the simplicity ultra-passive investors demand. With a 20-year absolute NNN term, strong rental stream, and bonus depreciation eligibility, this offering meets the criteria for wealth preservation and income performance.
