Listed by SURMOUNT
$3,469,964
Basin Industries
Details
Property Type Industrial
Sub Type Manufacturing
Square Footage 37,717
Cap Rate 7.5%
NOI $260,247
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 2006
Year Renovated 2022
Acreage 9.850
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Basin Industries property located at 1503 West Front Street, Roanoke, IL 61561. The site consists of roughly 37,717 rentable square feet of building space on an estimated 9.85-acre parcel of land. Basin Industries is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $260,247 and has scheduled increases of 2.00% annually.
Investment highlights
- Strong Corporate Guarantee | This property features a corporate guarantee from Basin Industries, which operates 5+ facilities across Illinois, Kentucky, Indiana, New Jersey, & South Carolina, and is continuing to expand its footprint across the United States.
- Brand New, 20-Year Sale-Leaseback | This site benefits from a new 20-year triple-net sale-leaseback from Basin Industries, which presents a rare opportunity to acquire an owner-operated industrial facility through a structured sale-leaseback transaction.
- Attractive Rental Increases | The lease includes attractive 2.00% annual rental increases, offering predictable income growth and a hedge against inflation over the term of the lease.
- Mission Critical Facility | This Basin Industries location is a mission critical facility and is a key focal point of the underlying operating business while being strategically located along the broader company’s supply chain.
- Proximity to Peoria Metropolitan Area | Located approximately 25 miles from Peoria, IL, the subject investment property benefits from direct access to a dense network of automotive OEMs and Tier 1 suppliers, underpinning strong, durable tenant demand.
- Accessible Transportation Infrastructure | This site benefits from convenient access to regional highways supporting efficient distribution throughout Central Illinois markets.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$260,247.00
$21,687.25/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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