Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Portland
$7,450,000
Initiative Foods HQ
Details
Property Type Industrial
Sub Type Manufacturing
Square Footage 28,500
Cap Rate 7.17%
Tenancy Single
Lease Type Absolute NNN
Rent Bumps Yes
Price per SqFt $261
Year Built 2020
Year Renovated 2020
Acreage 1.360
Investment Type Net Lease
Industrial | 7.17% CAP | 28,500 SqFt
Marketing description
Initiative Foods is the largest private label baby food manufacturer in the United States. Headquartered within California's Central Valley Region, The Company leverages it's proximity to high quality fruits and vegetables to produce private label baby foods. Their Mission: To make the very best Baby Food and offer it at the highest value in the market to enhance their reputation as the expert.
Investment highlights
- Food Processing Facility on Absolute NNN Lease
- Absolute NNN Lease with 20+/- Years of Lease Term Remainder
- Property Located Within "Breadbasket" of America
- Year-One Cash on Cash Return of 8%+
- Annual Base Rent Increases
- Number One Producer of Natural & Organic Baby Foods in the United States
Listing Contacts
Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Portland
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