Absolute NNN | Kohl's | Chicago MSA | $12,231,000 | Long Term Lease | looking for Partner/Investor

I do not have the upfront cash for 40% downpayment and underwriting fees that are required by NNN property brokers and NNN lenders. I have come in contact with at least 2 NNN lenders who will do Bondable Lease financing on a property that is absolute NNN, at least 15+ years original lease, where the tenant is investment grade and has no termination rights .I would like to work on acquiring a NNN property such as the one mentioned above. Here are some aspects from the KOHLS brochure i acquired from the broker: $12,231,100
Cap Rate: 6.00%
Rent Schedule: NOI Escalation Date
$ 733,866
$ 752,550 2/1/2020
$ 806,896 2/1/2025 (Option 1)
$ 889,978 2/1/2030 (Option 2)
$ 976,776 2/1/2035 (Option 3)
$ 1,074,453 2/1/2040 (Option 4)
$ 1,181,899 2/1/2045 (Option 5)
$ 1,300,088 2/1/2050 (Option 6)
$ 1,430,097 2/1/2055 (Option 7)
Renewal Options: Seven 5-Year with escalations
Lease Commencement Date: October 25, 2000
Lease Expiration Date: February 1, 2025
Year Built: 2000

D Krause - In Buying a Business - Jul 24, 2012
IPO Advisor service
Wayne County, MI

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