TRIPLE NET INVESTMENT
The property represents a true NNN Lease – offering a stable cash flow asset with minimal Landlord Responsibilities – to only include the Roof & Structure.
MULTIPLE OPTIONS TO EXTEND
Lazydays has Three (3) more Five (5) Year options to extend their lease. Each option has a rental increase every two (2) years for the greater of 2% or the Current CPI index.
CORPORATELY GUARANTEED LEASE
The lease is guaranteed by Lazydays Corporate – over $800 Million in Revenue.
LONG TERM DEDICATION
Since renewing their lease in 2020, Lazydays has spent significant capital on the property, including building an
additional ±3,500 SF‘Parts Room’.
BEST IN CLASS TENANT
Lazydays RV is one of the nations largest dealerships with 16 locations in 6 states. As of 2018, they are one of the only publicly traded RV dealerships.
ACCELERATED INDUSTRY GROWTH
The RV industry has seen a significant surge in net positive growth since the onset of Covid-19. As evidenced through increased sales and gross revenue for several of the largest players in this industry.
