Outdoor Storage and Manufacturing Portfolio

Deal Type:
Sale Leaseback
Price:
$53,303,493
Cap Rate:
6.66%
Current Rent:
$3,549,378
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Rent Increases:
2.00% Annually

Investment Highlights

  • Long-term, absolute triple net lease with annual rent increases
  • Tenant is an industry-leading precast concrete manufacturer and steel fabricator with a long-term operating history of 60 years
  • The Company produces a wide range of differentiated concrete and steel products for marquee customers in essential infrastructure end markets and the solar industry
  • Subject facilities are highly-profitable, significant contributors to the overall business, providing robust site-level EBITDAR/Rent coverage
  • The Company benefits from well-documented industry tailwinds in the infrastructure and utility sectors and is now favored to see incremental growth from the recently passed Infrastructure Bill

Listing Agents

Jeff Lizzo STREAM Capital Partners

Jeff Lizzo

Senior Vice President
630 222 8409
Jeff@stream-cp.com

In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946; A Licensed Colorado Broker #EC.100085004; A Licensed North Carolina Broker #C32060; A Licensed South Carolina Broker #23763

Broker of Record: Florida: Jonathan Wolfe, Lic: BK3502717

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