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 West Chester, Ohio. 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 irreplaceable restaurant location make this asset ideal for a passive real estate investor looking for a quality long-term asset. 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 property is located off heavily trafficked Interstate 75(106,030 VPD) in the retail center of West Chester, and is down the street from IKEA (one of only two in Ohio). The property is surrounded by other national retailers including Topgolf, Main Event Entertainment, Applebee’s, Starbucks, Wendy’s, Chipotle, Buffalo Wild Wings, Bob Evans, McDonald’s, AMC Theater, Barnes and Noble, Steak ‘n Shake, Panera Bread, Smokey Bones Bar & Fire Grill, Red Robin, Mercedes, Volvo, P.F. Chang’s, Huntington Bank, US Bank and many others.