Industrial Sale Leaseback

Evansville, IN
Deal Type:
Sale Leaseback
Price:
$1,051,000
Cap Rate:
7.80%
Current Rent:
$82,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year
Rent Increases:
2.00% Annual
  • industrial sale leaseback stream capital partners
  • industrial sale leaseback stream capital partners
  • industrial sale leaseback stream capital partners

Investment Highlights

  • Long term (15-year) absolute triple net lease with 2% annual rent escalations
  • Mission-critical manufacturing facility strategically positioned to serve customer base across IN, IL, KY, MO, OH, TN
  • Strong tenant financial profile
  • Highly desirable Northside/Airport industrial industrial submarket with 1.7% vacancy rate
  • Evansville is a medical hotspot with 16+ hospitals/offices and 14 medical equipment providers within a 5-mile radius

Listing Agents

Daniel Macks

Managing Director
847 420 2116
[email protected]
Joe DiGennaro Stream Capital Partners

Joe DiGennaro

Associate
203 895 1171
[email protected]

In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946

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