- Annual Rent Increases: The lease features 2.5% annual rent increases for the remainder of the term, increasing NOI and hedging against inflation.
- Long Standing Operating History: Avis has been operating out of this location since 2014 and recently exercised their three (3) year option period early, furthering their commitment to the site.
- Corporate Guarantee: Avis Budget Group (NYSE: CAR) corporately guarantees the lease. The third largest car rental company in the world, Avis Budget Group has ±24,500 employees, ±10.250 rental locations and $12 Billion in revenue in 2023 with a current market cap of ~$3.05 Billion.
