SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, Alamo Drafthouse Cinema investment property located in Tempe, AZ. The tenant, Alamo Tempe, LLC, has approximately 13 years remaining in their initial lease term with 2 (5-year) option periods to extend. The lease features a 10% rental increase in December 2022 and rare 2% annual rental increases thereafter throughout the remainder of the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is both personally and franchisee guaranteed, as well as NN in nature with landlord responsibilities limited to roof, structure, and foundation. There is a current roof warranty in place for the subject property, limiting future landlord capital expenditures.