STREAM Capital Partners > Properties > All Properties > Food Processing Portfolio Sale Leaseback

Food Processing Portfolio Sale Leaseback

Sale Leaseback

Ownership Type:
Fee Simple
Price:
$24,000,000
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
15 years
Renewal Options:
Four, 5-Year
Rent Increases:
2.0% Annual

Investment Highlights

  • 15-Year Absolute NNN Lease: 2.0% annual rent increases and zero landlord responsibilities
  • Premier Sunbelt Locations: Four food processing facilities across major Sunbelt markets with approximately 88% food processing space
  • Established Operating Company: 30+ years in business
  • Significant Tenant Investment: ~$11MM invested in recent building renovations and facility improvements
  • Below Replacement Cost: Offered at ~$240/SF, well below the $300–$400/SF replacement cost for comparable food production facilities
Ownership Type:
Fee Simple
Price:
$24,000,000
Lease Type:
Triple Net
Lease Term:
15 years
Renewal Options:
Four, 5-Year
Rent Increases:
2.0% Annual

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]

Cooperating Broker:

North Carolina: Brian Brockman, Bang Realty-North Carolina Inc – Lic. #298998

Brokers of Record:

Florida: Sasha Dominguez, Lic. #BK3339010
Texas: Kyler Bean, Lic. #646910
Tennessee: Connor Shell, Lic. #371818

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