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INVESTMENT HIGHLIGHTS
Triple Net Lease Structure The lease features a NNN expense structure with limited Landlord responsibilities, resulting in a passive and secure income stream.
National Tenant SRS Distribution is a large building material supplier operating in more than 660 locations nationwide.
New 5-Year Lease with Renewal Options The 5-Year base lease term commences in December 2023 and features two (2), five (5) year renewal options.
Desirable Rent Increases The lease includes 10% rent bumps at each five (5) year option.
Major Recent Facility Improvements Full building remodel in 2017 with additional improvements and expansion planned per new lease agreement.
Well Situated Property sits in a dense industrial submarket near synergistic neighboring businesses and close to a large retail trade area. Interstate 44 and the most prominent area highways are all conveniently accessible.
