Listed by Kwekel Companies
$8,250,000
Setco Automotive
Details
APN 116-020.00
Property Type Industrial
Sub Type Distribution
Square Footage 124,000
Cap Rate 8.25%
NOI $680,760
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Price per SqFt $67
Class B
Year Built 1963-1967
Buildings 1
Stories 1
Acreage 39.750
Investment Type Sale/Leaseback
Loading Docks 4
Dock High Doors 5
Ownership Owner Occupied
Sale Condition Sale for leaseback
Setco Automotive | Industrial Sale Leaseback | Paris, TN | 8.25% CAP | 15 Year Term | Absolute NNN
Marketing description
Kwekel Companies is pleased to offer the sale leaseback of Setco Automotive’s 124,000 square foot industrial building located on a 39 acre site. Setco Automotive will execute a new 15 year absolute NNN lease at closing.
Listing Contacts
Listed by Kwekel Companies
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$680,760.00
$56,730.00/mo
Valuation Metrics
0
DSCR
8.25%
Cap Rate
8.25%
ROI
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