Listed by Encore Real Estate Investment Services
$2,760,000
North American Manufacturing
Details
Property Type Industrial
Sub Type Warehouse, Manufacturing
Square Footage 52,500
Cap Rate 9%
NOI $248,418
Occupancy 100%
Tenancy Single
Brand/Tenant North American Manufacturing
Lease Type NNN
Lease Term 20
Lease Expiration 12/30/2040
Remaining Term 14.6
Rent Bumps Yes
Lease Options (4) Five Year Options
Pro-Forma Cap Rate 10.38%
Price per SqFt $53
Broker Co-Op Yes
Year Built 1980
Year Renovated 2020
Acreage 3.000
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 12/30/2020
Ownership Fee Simple
Sale Condition 1031 exchange
Industrial Passive Long Term NNN Investment | ZERO Landlord Responsibilities
Investment highlights
20-Year Triple-Net Lease | 15+ Years Remaining
Long Term Passive Investment w/ Zero Landlord Obligations
2% Annual Rent Bumps | Four, Five-Year Renewal Options
Blended 10.38% CAP Rate Over Base Term
100% Leased to North American Manufacturing (NAM)
NAM Specializes in Providing High-Quality, Innovative, and Rugged Equipment for the U.S. Military and Other Government Agencies
NAM Has Been in Operation for almost 50 Years | Stable & Committed Tenant
NAM was Acquired by KAHO Partners, a Long-Term Investment
Partner and Owner of 100MM+ Government Manufacturing Contracts
The U.S. Defense market cap is estimated to be upwards of $300 Billion dollar industry
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$248,418.00
$20,701.50/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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