Attractive Investment: 4.59% cap rate with upside potential through rent escalations or Owner-User Potentential |
Long-Term NNN Lease: In year 7 of a 15-year lease with 2% annual escalations and two 10-year renewal options |
Prime Bend Location: High-demand industrial market with easy highway access |
Corporate-Backed Tenant: Corporate guaranty with an international company |
Functional Layout: Includes a fenced yard, large warehouse with 6,500 SF mezzanine, plus upstairs offices and conference room |
Owner-User Potential: Opportunity to buy out existing lease for future owner occupancy |