Absolute Triple Net (NNN) STNL Industrial
Confidential Offering / Off-Market Opportunity.
Very consistent as a critical food manufacturing facility as the tennant can't replicate the plant.
Corporate guaranty and also secondarily guaranteed by a City until 2018 who has a S&P "A-" Investment-Grade credit rating.
Four 10 year options with 10% increases in each option.
Private family owned company for about 70 years.
Not S&P or Moody's but has NAIC-2 rating (equivalent to S&P range of "BBB-" to "BBB+) Investment-Grade credit rating.
NAIC (National Association of Insurance Commissioners) rates companies whose debt is bought as a private placement by insurance companies.
Tenant/Company/Guarantor does $3.5B in annual sales.
Solid net worth.
Offered free and clear of financing.
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