Single Tenant Industrial Property For Sale
Strong Corporate Tenant with ~$3.5 Billion in Annual Sales
Tenant Recently Upgraded to S&P 'BB-'
This is a very important and strategic facility for the tenant
Absolute NNN Lease
Annual Rent Bumps Based on CPI (No less than 3% and no greater than 10%)
In 2016, the bump was 3.7%
Two 5 year options with continued rent increases -“ It's not a FMV rent reset.
Office portion (15% has 20'clears), Warehouse section has 40-50' clears throughout.
The tenant calculates rent by cubic ft. so anywhere in the $9 - $11 range with 40-50'clears are good.
If a building has 30'clears and below, you typically want the tenant in the $6-$8/ft. range.
This property is well below the national average for its clear heights.
This property is Confidential, Off-Market, Controlled and Deliverable.
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.