Industrial Sale Leaseback

13200 McKinley Highway, Mishawaka, IN
Deal Type:
Sale Leaseback
Price:
$39,000,000
Cap Rate:
6.75%
Current Rent:
$2,632,500
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Building Sq. Ft.:
618,000 SF
Rent Increases:
2% Annual Increases
Site Size:
72.61 Acres

Investment Highlights

  • Long-term absolute triple net lease with annual rent increases
  • AM General is the sole manufacturer of the Humvee since 1983
  • Company has a significant installed base across 70 countries with recurring aftermarket revenue
  • Tenant has invested significantly in campus with over $250M in estimated replacement cost of M&E
  • Mission critical asset to the business as subject property contributes ~90% of Company‚Äôs adjusted EBITDA

Listing Agents

Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com

In Association with Scott Reid & ParaSell, Inc. | A Licensed Indiana Broker #RC51900187

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