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Updated almost 5 years ago, 01/27/2020

User Stats

60
Posts
18
Votes
Christopher Brown
  • Investor
  • Winston Salem, NC
18
Votes |
60
Posts

Zips Car Wash NNN Deals?

Christopher Brown
  • Investor
  • Winston Salem, NC
Posted

Anybody looked at these NNN deals? National credit tenant, 20 yr leases, 1.5% annual rent increases, 6 additional 5-yr extension options, blended cap rates over the 20 yrs in the 7.5 range. I understand that lenders don't love the subscription model and financing isn't available at quite as attractive as other NNN properties? Any other pros/cons that folks have noted?

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