Listed by Stream Capital Partners
$2,390,000
Details
Property Type Industrial
Sub Type Distribution, Manufacturing
Cap Rate 8.60%
NOI $252,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Lease Options Four, 5-Year
Acreage 4.5 - 6.5
Investment Type Sale/Leaseback
Ground Lease No
Sale Condition Sale for leaseback
Toledo, OH 8.60% Cap Rate | Industrial Sale Leaseback | Below-Replacement Cost
Investment highlights
- 20-Year Absolute NNN Lease: Long-term passive investment with zero landlord responsibilities and fixed annual rent growth.
- Founder-Owned Sale Leaseback: Established operating business with ~50 years of operating history.
- Mission-Critical Facility: Sole operating location responsible for 100% of the tenant's revenue
- Below Replacement Cost: Opportunity to acquire at ~$70 PSF within a robust Toledo industrial submarket
- Use of Proceeds: Sale leaseback proceeds to be utilized for debt paydown and strengthening the company's balance sheet
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$252,000.00
$21,000.00/mo
Valuation Metrics
0
DSCR
10.54%
Cap Rate
10.54%
ROI
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