NNN Industrial Properties

This is a selection of the best Triple Net Leased (NNN) Industrial Properties currently available.  If you would like more information about any of these, or other properties, please call John Bremner 415-234-6093. 

Principals Only, Please.

1)  South Lake Tahoe CA - Ferguson Plumbing:  $1,450,000, 14 Year NNN Lease, 7.8% Cap Rate.   Ferguson Enterprises is the largest US plumbing wholesaler in North America, with 16,000 employees in 50 states.  Leased through 2025, with annual rent increases.  Parcel provides scarce coverage and outdoor storage.   Offered at $1,450,000, 7.8% Cap Rate.

2)  Uvalde TX - FedEx Ground:    $2,095,000, 10 Year Corporate NNN Lease, 7.25% Cap Rate.  FedEx Ground Package System Inc. has signed a ten year NNN lease which commenced in June, 2011, with two 5-yr options.  The property is next to the Garner Field Airport, which serves three jet renovation companies.  There are eight drive-in doors and four dodck doors with ten trailer storage spaces.  Offered at $2,095,000 with a cap rate of 7.25%.

3)  Wichita KS - Dr. Pepper Warehouse:  $2,180,000, 10 Year Corporate NNN Lease, 7.0% Cap Rate.  This is a high quality free span warehouse being built to suit for The American Bottling Co. - Dr. Pepper Snapple Group, with office and warehouse space.  Offered at $2,180,000, 7.0% cap rate.

4)  Pineville (Charlotte) NC - RR Donnelley:  $2,750,000, 11 Year Absolute Corporate NNN Lease, 8.5% Cap Rate.  This is a 75,000 SF building leased through June 2022 to RR Donnelley (NASDAQ:  RRD, S&P rated BBB-), North America's largest commercial printing company.  Absolute NNN lease, with 5% increases every 3 years.    Offered at $2,750,000, 8.5% Cap Rate.  

5)  Talahassee FL - FedEx Freight:  $3,150,000, 17 Year Corporate NNN Lease, 7.9% Cap Rate, Leasehold Interest.  This is a leasehold interest in the Talahassee Airport Air Cargo Terminal, which is leased by FedEx Freight on a 20 year NNN lease, 17 years remaining.  Fed Ex Inc, an S&P BBB rated company, guarantees the lease.  Offered at $3,150,000 with a cap rate of 7.9%.

6)  Laredo TX - Frito Lay:  $3,427,000, 10 Year NN Lease, 7.5% Cap Rate.  This is a newly constructed distribution building leased to Rolling Frito-Lay Sales on a 10 year NN lease with 5% increases every five years and two 5-yr options.  The Loredo MSA is forecasted to be the fastest growing area in Texas.  Offered at $3,427,000 with a cap rate of 7.5%

7)  Bakersfield CA  - Men's Warehouse Distribution Center:  $8,125,000, 13 year Corporate NNN Lease, 7.7% Cap Rate.  This is a 230,000 SF manufacturing and distribution facility 100% net leased to The Men's Warehouse (NYSE: MW), serving as the company's west coast distribution center.  The lease provides for 10% increases every 5 years.  Offered at $8,125,000, with a cap rate of 7.7%.

9)  Orlando FL - FedEx Leasehold:  $13,966,000, 20 Year NN Lease, 8.0% Cap Rate.  This is a leasehold property at the Orlando Airport leased to FedEx Inc. on a long term NNN lease, subject to a ground lease.  Must assume existing loan of $7M (approx), amortized over 25 years.  Offered at $13,966,000 with a cap rate of 8.0%

For more information regarding these properties, call John Bremner at 415-234-6093.    Principals Only, Please.