4621 N 23rd St

• Absolute NNN Lease: Zero landlord responsibilities. Tenant covers taxes, insurance, utilities, and all maintenance, including structural.
• 12 Years Remaining: Tenant recently commenced its 2nd 12-year option term, showing their long-term commitment to the location.
• Hedge Against Inflation: 15% rental increases in each of the two remaining 12-year options to renew.
• Lower Rent/Price Point: Annual rent of $224,825, well below longer-term new construction sites.
• High Traffic: Situated at the intersection of N 23rd St (±22,167 VPD) and Buddy Owens Blvd (±15,544 VPD), with a combined ±37,711 VPD.
• Prime Location: Corner location at N 23rd St and Buddy Owens Blvd with access from both streets.
• Fee Simple: Potentially eligible for bonus depreciation. Please consult with a CPA.
• Stable and Recession Resistant Industry: Provides a more predictable stream of income.