KW Commercial along with Chris Patricia would like to present the University and College NNN Ground Lease Opportunity. Property Consists of 4 Parcels totaling 39,476 square feet for sale on the corner of University and College. 45 Year Ground Lease originally started in 1973. Lessee exercised first of 6 (5) Year Options in 2018. NNN Lease offers CPI increases every 5 years.
4 Parcels
39,476 Square Feet
Long Term Land Lease - Lease began in 1973 45 year lease with 6 - 5 year options
CPI increases every 5 years
Lessee Has First Right of Refusal
Current lease is $8717/month
Rent Increase Base on CPI every 5 years

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