loader
Join Free
Views: 50 DOM: 86 Updated: 09.12.24 Posted: 08.21.24 Status: Active

Summary

Price $3,300,000
Built/Renov 2016
Tenant Bimbo Bakeries USA
Cap Rate 5.53%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 16,000
Lease Start 01-01-2016
#Units 65
Price/SF $206.25
Expiration 12-31-2031
Tenant Type Industrial
NOI $182,522
R. Term 7.1
Ownership Fee Simple
Rent/SF $11.41
Increases 5.0%/5/yrs
Pop 5Mi 70,436
Lot/AC 5.77
Options 3/5yrs/5%
AHHI 5Mi $63,895

Lease Highlights

  • The tenant has 7+ years of firm term remaining with 3 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and options
  • Absolute NNN lease | Zero landlord responsibilities
  • Offering includes the adjacent parcel consisting of 2.04 acres with Industrial 1 zoning
  • Corporate guaranteed lease

Location Description

Bimbo Bakeries is strategically located on S Bosch Road, with access to 25,000 vehicles passing by daily. The property benefits from nearby access to State Highway 116 (14,500 VPD) and Interstate 474 (31,500 VPD). The immediate area features well-known national tenants including Bellevue Friendly Tap, Kroger, O'Reilly Auto Parts, Walmart, and more. The 5-mile trade area supports a population...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Bimbo Bakeries USA, Inc., dba Bimbo Bakery is the largest bakery company in the United States; owning many fresh bread and sweet baked goods brands in the country. Founded in 1997 with the...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity