Net Leased Industrial
Industrial | 7.00% CAP | 26,800 SqFt
Marketing description
STREAM Capital Partners is pleased to present the Premier Countertops property (the “Property”) for sale. The 26,800-square-foot facility is 100% leased to Premier Countertops under an absolute triple net lease with approximately 9.5 years of term remaining. The lease features 2% annual rent increases throughout the initial term as well as five 5-year renewal options, providing long-term income growth and stability.
Founded more than 20 years ago and headquartered in Tupelo, Mississippi, Premier Countertops is a trusted fabricator and installer of custom countertops serving both residential and commercial clients. The lease is corporately guaranteed by West Group Holdings, LLC.
Investment highlights
Absolute Net Lease: 9+ years of remaining term
Attractive Economics: Low rent ($6.27 PSF) and favorable pricing ($89.55 PSF)
Built-In Growth: 2% annual rent escalations through term and renewal options
Flexible Extension: Five (5), 5-year renewal options
Proven Operator: 20+ years of established operating history
Strong Credit: Lease corporately guaranteed
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