STREAM Capital Partners > Properties > All Properties > Net Leased Industrial

Net Leased Industrial

Net Lease

North Vernon, Indiana
Ownership Type:
Fee Simple
Price:
$4,808,000
Cap Rate:
7.75%
Current Rent:
$372,636
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 5 years
Renewal Options:
None
Building Sq. Ft.:
117,376 SF
Rent Increases:
2.0% Annual
Site Size:
9.5 Acres

Investment Highlights

  • Absolute NNN lease with 2.0% annual rent increases
  • Family-owned steel company with four decades of operating history
  • Mission-critical facility with 20+ years of occupancy and a waived termination right, reinforcing long-term commitment to the location
  • IATF 16949 certification tied to building
  • Nearby industrial tenants include Lowe’s 867,000 SF distribution center, Novolex Recycling, and North Vernon Beverage
Ownership Type:
Fee Simple
Price:
$4,808,000
Cap Rate:
7.75%
Current Rent:
$372,636
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 5 years
Renewal Options:
None
Building Sq. Ft.:
117,376 SF
Rent Increases:
2.0% Annual
Site Size:
9.5 Acres

Listing Agents

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Joe DiGennaro

Senior Associate
203 895 1171[email protected]

Owen McNulty

Senior Associate
708 601 3087[email protected]

Analyst

Blake Micholas

Analyst
301 412 4555[email protected]

Cooperating Broker: Brian Brockman, Bang Realty, Inc. – IN License: #RB14037939

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