Magna Electronics | Absolute NNN | BBB+ (Fitch)
Magna Electronics | Absolute NNN | BBB+ (Fitch)
Marketing description
This property operates as a true single-tenant asset. Magna Electronics, LLC is thesole tenant of record, pays 100% of rent, and carries all lease obligations under an absolute NNN structure. The second division onsite occupies space only through an internal, permitted sublease, which does not create a multi-tenant relationship. From an investor’s perspective, this performs exactly like a traditional single-tenant building with one credit profile and one income stream.
Investment highlights
ABSOLUTE NNN | 8.3-YEARS REMAINING | 2% ANNUAL RENT INCREASES
MULTIPLE GUARANTEES | INVESTMENT GRADE CREDITS | AUTOLIV, INC.: BBB+ (FITCH)
MISSION CRITICAL OPERATIONS | KEY WORKFORCE
MAGNA ELECTRONICS LED OPERATIONAL HUB
VALUE-ADD EXPANSION OPTION | ± 1.36 AC
RAPID M&A ACTIVITY | HIGH GROWTH POTENTIAL
OFFICE & AUTOMOTIVE ENGINEERING HUB
EXCELLENT ACCESSIBILITY TO DETROIT & GREATER MICHIGAN | ± 279,000 VPD
VERSATILE SUBJECT PROPERTY
DETROIT: AUTOMOTIVE CAPITAL
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