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INVESTMENT HIGHLIGHTS
LONG LEASE TERM REMAINING - Porcelen Limited has ± 18.5 years in lease term remaining featuring annual increases throughout both the primary term and options.
ANNUAL INCREASES - The lease features 2.0% annual increases in base rent throughout the rest of the primary term and through each of the 6, 5-year renewal option periods. These annual increases offer an opportunity for value appreciation and a strong hedge against inflation.
ZERO LANDLORD RESPONSIBILITIES - Porcelen Limited Connecticut is operating under an Absolute NNN lease with zero landlord responsibilities.
BELOW MARKET RENTS - At the current rate of $7.64 PSF, Porcelen is paying approximately 20% below the current industrial sub-market rent in Hamden per CoStar analytics.
STRONG LOGISTICAL LOCATIONS - Porcelen is strategically located only 3-miles from interstate 95, which runs along the entirety of the east coast from Miami, FL to the Woodstock Border Crossing between Maine New Brunswick.
STRONG INDUSTRIAL SUBMARKET - The Hamden sub market features strong recent fundamentals with a vacancy rate of 6.0% on 4M+ of inventory and an average rent growth of 4.7% over the last three years.
SUPERIOR DEMOGRAPHICS - The population within a 5-mile radius of the property is 241K+ with growth anticipated over the next five years per ESRI analytics. Average household income in this area is above-average, with an annual income of $96K+.three years.
