Property details

Absolute Triple Net (NNN) STNL Industrial, Northeast Region

Property Description

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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Highlights

Status:
Available
Price:
$23,000,000
PSF:
$167
Cap Rate:
6.50%
Rent Increases:
10% in each option.
 

Property Information

Building Size:
138,000 sq.ft.
Property Type:
Net Lease
Industry Type:
Industrial
Units/Spaces:
1
Year Built:
2008
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Absolute Triple Net STNL Industrial
Lease Type:
NNN
Lease Expiration:
02/28/2028
Lease Remaining:
9.5 years
Landlord Responsibilities:
None - Absolute NNN
Options:
Four 10 year options with 10% increases in each option.
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.