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33807411
33828392

1101 Commerce Parkway, Findlay, OH 45840

Matthews
AH
CA 02009656
Matthews
MP
CA 02151372
Matthews
Listed by Matthews
$4,808,000
2 days on market
Updated 1 day ago

KREATE - Absolute NNN - Net Lease Industrial

Details
Property Type Industrial
Sub Type Distribution, Warehouse (+1)
Square Footage 45,245
Cap Rate 7.50%
NOI $360,576
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 09/30/2044
Remaining Term 18.5
Rent Bumps Yes
Lease Options 2, 10-Year Options @ FMV
Price per SqFt $106
Broker Co-Op True
Year Built 1966
Year Renovated 2022
Acreage 5.260
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/09/2024
Ground Lease No
Sale Condition N/A

Absolute NNN Industrial | 18.5 Years Remaining | 3% Annual Increases

Investment highlights

STRONG CORPORATE GUARANTEE / THE HOME DEPOT “PARTNER OF THE YEAR” – KREATE, Inc. is a leading manufacturer of plastic injection-molded products headquartered in Findlay, OH, with operations spanning across five states. KREATE designs and manufactures a broad range of consumer storage and organization products, including the widely recognized HDX and Husky storage lines sold exclusively through The Home Depot, and was recognized by The Home Depot as “Partner of the Year” in back-to-back years (2024–2025).

LONG-TERM ABSOLUTE NNN LEASE / STRONG 3% ANNUAL INCREASES – In 2024, KREATE, Inc. executed a rare 20-Year Absolute NNN lease at the subject property, demonstrating its long-term commitment to the facility and its mission-critical role within the company’s overall operations. The lease also features favorable 3% annual rent increases with additional options to renew at Fair Market Value, providing investors with a strong hedge against inflation.

HIGHLY FUNCTIONAL INDUSTRIAL MANUFACTURING FACILITY WITH EXPANSION CAPABILITIES – The subject property consists of a functional ±45,245 SF industrial manufacturing facility situated on ±5.26 acres (19.75% building-to-land coverage) and is equipped with three (3) cranes, ±32’ clear height, and three (3) grade-level doors. Given the property’s excess yard area, the site offers significant future expansion potential with the ability to potentially double the current building footprint.

STRATEGIC MIDWEST INDUSTRIAL LOCATION / EXCELLENT TRANSPORTATION CONNECTIVITY – Findlay, OH has established itself as one of the Midwest’s premier manufacturing and logistics hubs, providing access to approximately 60% of the U.S. population within a 600-mile radius. The market is strategically positioned along Interstate 75 and further benefits from proximity to the CSX Northwest Ohio Intermodal Terminal, providing efficient connectivity to major Midwest distribution markets and national rail networks.

Listing Contacts

Matthews
AH
CA 02009656
Matthews
MP
CA 02151372
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$360,576.04
$30,048.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

Map

Zoning

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I-1 IndustrialLight IndustrialLight Industrial
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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