loader
Join Free
Views: 119 DOM: 227 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 9.3
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...

...

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...


...

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

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