The Fillo Company

10 Fairway Court, Northvale, NY
Deal Type:
Sale Leaseback
Price:
$13,528,167
Cap Rate:
6.00%
Current Rent:
$811,690
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
Four 5-year or two 10-year
Building Sq. Ft.:
85,441
Rent Increases:
1.50% annually
Site Size:
4.50 acres

Investment Highlights

  • 20-year absolute triple net lease
  • 1.50% annual rent increases
  • Freezer/cooler, food production facility with significant investment since 2012
  • Company has invested nearly $4.5 million into the facility and improvements
  • Business has been growing rapidly with over 41% YOY revenue growth (2018-19)

Listing Agents

Jeff Lizzo STREAM Capital Partners

Jeff Lizzo

Senior Vice President
630 222 8409
Jeff@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

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

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

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