Listed by STREAM Capital Partners, Stream Capital Partners
$2,300,000
Net Leased Industrial
Details
Property Type Industrial, Retail
Sub Type Flex, Storefront
Square Footage 26,800
Net Rentable (SqFt) 26,800
Units 1
Cap Rate 7.45%
NOI $171,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 01/31/2035
Remaining Term 8.6
Rent Bumps Yes
Lease Options 5 x 5 Year
Price per SqFt $86
Class B
Year Built 2006
Year Renovated 2018
Investment Type Net Lease
Lease Commencement 01/03/2023
Occupancy Date 01/01/2023
Ground Lease No
Ownership Fee Simple
Industrial | 7.45% 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: 8.5 years of remaining term
- Attractive Economics: Low rent ($6.38 PSF) and favorable pricing ($85.82 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
Listing Contacts
Listed by STREAM Capital Partners, Stream Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,000.00
$14,250.00/mo
Valuation Metrics
0
DSCR
7.43%
Cap Rate
7.43%
ROI
Map
Zoning
MUE MixedMixed UseMixed Use Employment
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