Listed by Bender Commercial
$13,500,000
Creative Surfaces Portfolio
Details
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 159,670
Units 4
Cap Rate 6.37%
NOI $860,028
Tenancy Multi
Lease Type NNN
Lease Expiration 08/01/2033
Remaining Term 7
Rent Bumps Yes
Lease Options One 5 year option
Price per SqFt $85
Year Built 1960, 1964, 1973, 1977
Year Renovated 1972, 1974, 2014, 2015, 2026
Buildings 4
Acreage 1.1 - 4.37
Zoning I-1 Light Industrial
Investment Type Sale/Leaseback
Well-Performing South Dakota Investment Portfolio with Absolute Net Lease Structure
Marketing description
Investment highlights
ABSOLUTE NET LEASE STRUCTURE
- A well-performing, owner-managed investment portfolio, anchored by Creative Surfaces occupying approximately 90% of the portfolio under an absolute net lease structure.
- Creative Surfaces is responsible for property taxes, insurance, common area maintenance, and major repairs and capital replacements, including roof, structure, and parking lot.
- The absolute net lease structure provides predictable cash flow with minimal landlord involvement, an attractive opportunity for private capital investors seeking stable income.
DIVERSIFIED INCOME WITH VALUE-ADD POTENTIAL
- One building includes approximately 15,000 SF of multi-tenant office space, currently owner-managed, providing additional income diversification.
- Multiple office tenants reduce reliance on a single income source and provide near-term opportunities for rent growth through renewals and future leasing activity.
- A buyer may elect to continue owner-management or transition to third-party management, offering flexibility based on investment strategy.
EMBEDDED GROWTH OPPORTUNITY
- Fair market lease rates across the portfolio on Creative Surfaces.
- Office tenants have below-market rents offering upside, value-add for buyer.
LEASE TERMS
- 10-year initial lease term with one (1) five-year renewal option for the primary tenant.
- Annual rent increases as detailed in the rent roll.
- Long-term lease structure supports durable income and inflation protection.
Listing Contacts
Listed by Bender Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$860,028.00
$71,669.00/mo
Valuation Metrics
0
DSCR
6.37%
Cap Rate
6.37%
ROI
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