3754 Highway 32 North
Industrial | 68,544 SqFt
Marketing description
Sale Leaseback 10 year initial term with 4 Five year renewals. Absolute NNN lease with zero landlord expenses. Plant 12 is a rail-served, single-tenant TFL panel manufacturing facility located on Highway 32 North in Hope, Hempstead County, Arkansas.
Site overview: The subject property is a 68,544 SF industrial/light manufacturing facility situated on approximately 14.355 acres at 3754 Highway 32 North in Hope, Arkansas. The site provides excellent operational utility with direct highway access, an active on-site rail spur, loading infrastructure, and industrial yard functionality.
Physical plant: Originally constructed in 1996, the facility is configured for TFL panel production, warehouse, production, office and support uses. The appraisal materials identify the property as an industrial/light manufacturing facility with rail-served functionality.
Investment highlights
- Corporate-backed income from Genesis Products, Inc. tenant and guarantor
- Operational continuity - lease structure preserves full use of Plant 12 for TFL panel manufacturing
- Passive NNN structure - tenant-paid operating expenses support predictable income and limited landlord responsibility
- 10-Year NNN lease at closing with zero landlord expense exposure
- 4- Five year options
- 2.0% annual fixed bumps through term and renewals
- 68,544 SF single-tenant facility on 14.355 acres
- Active on-site rail spur
- Rail-served functionality
- Direct highway access on Highway 32 North
- Two grade-level doors / rail dock loading
- Industrial/steel frame construction
- Metal/industrial grade roof
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