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Views: 140 DOM: 264 Updated: 10.25.24 Posted: 04.01.24 Status: Active 04.01.24

Summary

Price $4,329,265
Built/Renov 2005
Tenant Auto-Turn
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 47,000
Lease Start 03-11-2022
#Units 1
Price/SF $92.11
Expiration 03-11-2034
Tenant Type Industrial
NOI $270,579
R. Term 9.2
Ownership Fee Simple
Rent/SF $5.76
Increases 2.3%/1/yrs
Pop 5Mi 82,047
Lot/AC 3.00
Options 1/10yrs/2.25%
AHHI 5Mi $110,373

Lease Highlights

  • Long-term tenant-occupied location for over 12 years
  • Tenant has 9+ years remaining in primary term with 1 (10-year) option period
  • The lease features 2.25% annual rent increases
  • Absolute NNN lease | Zero landlord responsibilities 
  • Corporate guaranteed lease





 

Location Description

The 47,000 SF building, located on a 3-acre parcel, is positioned on S. 219th E. Avenue and provides great access to Highway 51 which sees over 24,100 VPD. The site is comprised of a 3,500 SF office area, a 43,500 warehouse area, four grade level loading areas, and 20 FT clear height. There are over 81,047 residents within a 5-mile radius, earning an AHHI in excess of $110,373. Located in...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Auto-Turn
  • Guarantor:Corporate
  • Company:Auto-Turn Acquisition, Inc
  • # Units:1
  • Stock:Private

About Tenant

Auto-Turn Acquisition, Inc., (dba Auto-Turn) is an American manufacturer of industrial machine equipment. They provide products that include lathe and milling machines, welding, gear grinding and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,569 21,430 88,590
2023 Total Population : 1,517 20,502 85,289
2023 Employed Civilian Pop : 789 10,377 43,453
2023 Total Businesses : 31 434 2,667
2023 Average Household Income : $ 116,850 $ 116,915 $ 96,892
2023 Total Consumer Spending : $ 51 M $ 741 M $ 2681 M
2023 Median Age : 47 43 39
2023 Total Households : 522 7,427 32,184
2023 Pop Age 25+: Bachelor's Degree : 262 3,763 14,099
2023 Average Home Value : $ 283,177 $ 280,373 $ 253,179
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East New Orleans Street S 217th East Ave 2019 5,700 0.36 mi
Doctor William R. Bright Bypass Evans Rd 2019 24,600 0.37 mi
E 101st St S E 101st St 2015 6,300 0.41 mi
South 225th East Avenue 2019 2,400 0.42 mi
Evans Rd E 96th St 2018 2,400 0.43 mi
Evans Rd S 227th East Ave 2009 1,461 0.47 mi
E Hwy 51 Evans Rd 2016 23,300 0.51 mi
Creek Tpke E 101st St 2015 1,372 0.62 mi
E 91st St S Highland Dr 2005 1,081 0.65 mi
Creek Tpke E 101st St 2015 860 0.66 mi

Listing Broker

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