Food Facility Sale Leaseback

Mission-Critical Washington State Location
Deal Type:
Sale Leaseback
Price:
$32,000,000
Cap Rate:
7.85%
Current Rent:
$2,512,000
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
Four, Five-Year
Building Sq. Ft.:
198,487 SF
Rent Increases:
2.5% Annual
Site Size:
6.06 Acres
  • Food Production Sale Leaseback stream capital partners
  • Food Production Sale Leaseback stream capital partners
  • Food Production Sale Leaseback stream capital partners

Investment Highlights

  • Long-term Lease: 20-year absolute triple net lease with 2.5% annual rent increases
  • Facility Consolidation: The Company is consolidating its Canadian facility into the Stanwood, WA location, a mission-critical property responsible for 100% of the Tenant’s revenue in the future
  • Recent Renovations: No Meat Factory recently completed $15M in renovations for new production lines
  • High Demand for Cold Storage: The Everett-Seattle-Tacoma area continues to see increased demand for cold storage space
  • Experienced Management: Management team with over 85 years of combined industry experience

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]
owen mcnulty stream capital partners

Owen McNulty

Senior Associate
708 601 3087
[email protected]

Cooperating Broker: Brian Brockman, #WA-27380

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