Property Detail

Description

Income-producing industrial yard with an actual cap rate of 7.02 percent. Fully leased single-tenant NNN investment on approximately 2.43 acres (105,851 square feet of leased site area; no building square footage is represented). The executed 10-year lease commenced March 1, 2026 and expires February 28, 2036. Base rent begins September 1, 2026 at $18,500 per month after the initial six-month abatement, steps to $19,500 per month in Year 2, then increases 3 percent annually beginning in 2028. Level, rough-graded, fenced and gated yard with block-wall perimeter, water and electrical service, and office/support improvements. GI zoning supports industrial, trucking, storage, warehousing and manufacturing uses, subject to governmental approvals. Tenant use includes collection and processing of nonhazardous goods, including cement and concrete recycling. Sale is subject to the existing lease and tenant purchase rights. Buyer to verify all information and review the executed lease and addenda.