Listed by APEX Commercial Real Estate Advisors
$550,000
FASTENAL
Details
APN 05-002-108
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 8,000
Net Rentable (SqFt) 8,000
Cap Rate 10.12%
NOI $55,672
Occupancy 100%
Tenancy Single
Brand/Tenant Fastenal
Lease Type NN
Lease Term 10.1
Lease Expiration 01/30/2027
Remaining Term 0.7
Rent Bumps Yes
Lease Options One, Five Year Options
Price per SqFt $69
Broker Co-Op Yes
Acreage 3.100
Zoning M-2
Investment Type Owner/User
Lease Commencement 01/09/2017
Ownership Fee Simple
Industrial | 8,000 SF | New Roof Installed in 2021
Investment highlights
New roof installed in 2021 with 20-year warranty
Fastenal operates 3,600+ branches and on-site locations in all 50 U.S. States and in Canada, Mexico, Asia, Africa and Europe
The property offers convenient and direct access to major highways, making it easy for customers, employees, and deliveries to reach the location
Spacious 3.0-acre parcel offering ample room for future expansion and site customization to suit Tenant/Owner User needs
Modern industrial infrastructure with high ceilings, Ample parking space for trucks
Proximity to transportation hubs for efficient logistics, Close to rail and shipping facilities
Listing Contacts
Listed by APEX Commercial Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,672.00
$4,639.33/mo
Valuation Metrics
0
DSCR
10.12%
Cap Rate
10.12%
ROI
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