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  • For sale
Fashion Place Ground Lease Investment Opportunity - #1

For Sale

$2,590,000 USD

  • 1.67 acre site
  • High exposure site
  • Fashion Place Mall Out-parcel
  • Long-term NNN ground lease - 38 years remaining
  • $85,896.38 annual lease payment - 15% increase every 10 years
  • Absolute Net Terms - No ownership expense
  • Below market rental rate
  • Building and improvements will revert to land owner at end of the lease
  • There is a 30-day First Right of Refusal
  • Tenant is the Fashion Place Mall
  • Next to Nordstroms