GKN Wheels Portfolio

Two Property Portfolio in Iowa
Deal Type:
Sale Leaseback
Price:
$14,965,286
Cap Rate:
7.00%
Current Rent:
$1,047,570
Lease Type:
Triple Net
Lease Term:
15-20 Years years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-year options

Investment Highlights

  • Long term absolute NNN lease with annual increases
  • Company has a long-term operating history of over 100 years and has a rich history with blue chip customers such as John Deere Inc.
  • GKN has 7 locations globally – 5 manufacturing plants and 2 test facilities
  • New management in place which has significantly improved revenue and overall company performance

Listing Agents

Adam English

Managing Director
256 694 9803
[email protected]

Adam Baxter

Vice President
205 394 3520
[email protected]

In Association with Scott Reid & ParaSell, Inc. | Irvine, California | A Licensed Iowa Broker #F06134000 | Licensed in AR, CA, CO, CT, DC, FL, GA, HI, ID, IL, IA, IN, KS, KY, ME, MD, MA, MI, MN, MO, MT, NC, ND, NE, NJ, NM, NY, NV, NM, NC, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WY

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