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OTFE 1, LLC Portfolio
Dollar General Store in Lacassine, LA
Dollar General Stores are sought after properties and hold value. Part of this value is that each store is corporate owned instead of being a franchise, therefore the lease is backed by a corporate guarantee. Dollar General leases are very similar to each other, with straightforward leasing terms. Length of lease is typically fifteen (15) years with five (5) five-year options.
Acquisition Date: 12/31/2021
Lease Commencement: October 2018
Lease Duration: 15 Years, With 4 Five-Year Options
Anytime Fitness Gym in Ashdown, AR
Anytime Fitness is a large chain of gyms with locations internationally. While Anytime Fitness operates under a franchisee system, this location is operated by capital investment firm that operates over 200 locations throughout the Southeast. The guarantor is the parent entity that holds all locations.
Acquisition Date: 12/29/2021
Lease Commencement: 06/13/2018
Lease Duration: 15 Years, With Two Five-Year Options
Anytime Fitness Gym in Perryton, TX
Anytime Fitness is a large chain of gyms with locations internationally. While Anytime Fitness operates under a franchisee system, this location is operated by capital investment firm that operates over 200 locations throughout the Southeast. They guarantor is the parent entity that holds all locations.
Acquisition Date: 03/24/2022
Lease Commencement: 08/01/2020
Lease Duration: 15 Years, With Two Five-Year Options