Grupo Antolin
Mission Critical STNL Industrial Manufacturing Asset | Provides Critical Parts For Ford Series
Marketing description
Institutional Property Advisors (IPA), a division of Marcus and Millichap, is pleased to offer the opportunity to acquire a mission critical +/- 259,369 SF single tenant manufacturing facility (“Asset” or “Property”) leased to Grupo Antolin Kentucky, Inc. (“Tenant” or “Grupo Antolin”) in Hopkinsville, KY.
This offering presents a rare opportunity to acquire a mission-critical, stabilized industrial manufacturing facility with +/- 9 years of passive income remaining. Future ownership will benefit from the security of below-market rent and the property trading well below replacement cost, ensuring long-term value in both income and real estate fundamentals.
Investment highlights
STRONG LEASE FUNDAMENTALS
Absolute NNN lease structure with no landlord responsibilities
Long term of +/- 8.5 years of firm term remaining and no tenant termination rights
Very low in place rental rate of $4.38/ SF NNN, while asking rents are $6.00/ SF NNN in the market and increase substantially in other surrounding areas
Annual rent escalations of 2.50% throughout the lease term
ROBUST CORPORATE FINANCIAL PROFILE
Grupo Antolin is one of the world’s leading suppliers of technology solutions for automotive interiors and is the strategic partner of the main manufacturers in the industry
Grupo Antolin designs, develops, produces and supplies headliners and door panels, lighting components, instrument panels and electronic systems
Nine of the ten best-selling vehicles in the world, or the top ten best-selling cars in Europe, are equipped by Grupo Antolin
HIGH-QUALITY BUILDING AND SITE ATTRIBUTES
This plant manufactures headliners for the Ford F-Series, the best-selling vehicle in the United States for the last four decades , in addition to Hyundai and Kia
This Asset is strategically located approximately 170 miles (2.5 hours) southwest of Ford’s Kentucky Truck Plant in Louisville, F-Series Super Duty models are assembled
Grupo Antolin has a 61,750 SF just in time (JIT) warehouse where the headliners are delivered prior to arriving at the Ford plant
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