NNN Mellow Mushroom Sale Leaseback
For sale to qualified investors is the 100% fee-simple interest in the triple-net leased Mellow Mushroom restaurant located in Wilder, Kentucky. The lease is absolute triple-net with no landlord obligations and is guaranteed by a two-unit Mellow Mushroom restaurant operator. The passive nature of this lease combined with the long-term lease make this asset ideal for any investor looking for a hands-off investment. The brand new 12-year lease will commence at the close of escrow, featuring 10% rental increases every 5-years with three, 5-year options. The surrounding area is home to Northern Kentucky University, with over 14,000 students and only 4 miles north on Interstate 275 (98,952 VPD) from this restaurant location. The property is also situated in a regional hub for sports and entertainment that draws from a 10 mile radius, featuring Regal Cinemas 14 and Town & County Sports and Health Club. Fidelity has an expansive corporate campus less than 2 miles away. This asset is surrounded by other national retailers including McDonalds, Dairy Queen, Kroger, Wendy’s, PNC Bank, Subway, Taco Bell, Arby’s, Great Clips, Walgreens, Sprint, Chipotle, Pizza Hut, Applebee’s, Lowe’s Home Improvements, US Bank and many others.