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Views: 28 DOM: 28 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 7.3
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...

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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...


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Listing Broker

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