53 THE CIRCLE, EAST HAMPTON
Tenant: Grey/Ven - Luxury Downtown Retail | Main Street Visibility
Executive Summary
Asking Price $3,959,000 - 6% Cap Rate
Rent Summary
Lease Year: 5/31/2024 - 5/31/2025
Annual Rent: $225,000 - Prepaid
Lease Year: 6/1/2025 - 5/31/2026
Annual Rent: $250,000 - Prepaid
Lease Summary
Tenant: Grey/Ven
Guarantor: Grey/Ven - All Rent is Prepaid**
Lease Type: Triple Net (NNN)
Roof & Structure: Landlord Responsible
Term Remaining on Lease: 2 Years
Renewal Options Remaining: None
**The tenant has prepaid the full rent amount for the full lease term. The new owner will receive the remaining prepaid rent for their ownership term, ensuring they benefit from the secured rental income.
Tenant Overview
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