Jersey Mike's | New 15yr Corp Abs NNN 1101 Highway 25 N

Investment Highlights

Brand New 10-Year Deal | Scheduled Rental Increases | 2024 Remodel | Established Brand Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Near Intersection | Excellent Visibility & Access

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, Jersey Mike?s investment property located in Buffalo, Minnesota. The tenant, Jersey Mike?s, recently signed a brand new 15 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The newly-remodeled building will feature a state-of-the-art design with high-quality materials. Jersey Mike?s, a fast-casual sub sandwich franchise nearly 2,500 locations open and under development nationwide, believes that making a sub sandwich and making a difference can be one and the same.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Restaurant Fast Food
• Building Size    2,076
• Building Class    C
• Year Built/Renovated    1978/2024
• Price    1,333,000
• Price Per SF    642
• Cap Rate    5.25
• NOI    70,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    0.51 AC

• Pylon Sign
• Restaurant
• Signage