| Location | Salt Lake City, UT |
| Lease Term | 10.5 Years |
| Acquisition Date | August 2016 |
Salt Lake City MSA. Property is located in Salt Lake City, adjacent to upper middle income southwestern suburbs. Direct Walmart outparcel. 300,000 residents within a 5 mile radius, and part of a high growth area. Corporate store that was renovated in 2012. O’Reilly is rated BBB (investment grade) by S&P and has a current market cap of $23 billion. Replaceable rent at $16.87psf given building is similar size to fast casual restaurants.
No. You are investing in NADG NNN REIT I that has purchased this building, which is leased to the tenant O’Reillys Autoparts.
That is correct. You as an investor own a share of the Fund that owns this building.
A triple net lease (triple–Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three “nets”) on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.)
A building lot separated or separable from a commercial development, the selling of which provides liquidity for the developer.
Yes you can as freestanding building are separately platted parcels. This is extremely advantageous to both the tenants and owners.
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