STREAM Capital Partners > Properties > All Properties > 362.5 Acre Net Leased Tire Recycling Center

362.5 Acre Net Leased Tire Recycling Center

Net Lease

Prineville, Oregon
Ownership Type:
Fee Simple
Price:
$8,011,111
Cap Rate:
9.00%
Current Rent:
$721,000
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 18.5 years
Renewal Options:
Two, 5-Year
Building Sq. Ft.:
10,720 SF
Rent Increases:
3.0% Annual
Site Size:
362.5 Acres

Investment Highlights

  • The largest rubber recycling plant & disposal site in the Pacific Northwest; location handles ~25% of regional tire volume
  • Mission-critical facility with nearly 30 years of continuous operations and over $1M in recent site upgrades
  • Long-term lease offering 18.5 years of contractual income with 3% annual increases and zero landlord responsibilities
  • Occupied by a national market leader with strong financials and industry momentum
  • Sprawling 362-acre site with over 80 years of remaining capacity and future redevelopment potential
  • Strategically located 35 miles from Bend, OR—one of the fastest growing MSAs in the country
  • 2022 environmental study confirms clean site with no reported concerns
Ownership Type:
Fee Simple
Price:
$8,011,111
Cap Rate:
9.00%
Current Rent:
$721,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 18.5 years
Renewal Options:
Two, 5-Year
Building Sq. Ft.:
10,720 SF
Rent Increases:
3.0% Annual
Site Size:
362.5 Acres

Listing Agents

Jeff Lizzo

Managing Director
630 222 8409[email protected]

Analyst

Brandon Krawitz

Analyst
312.402.5053[email protected]

Brian Brockman, Bang Realty-Oregon Inc: OR License: #201236414

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