Industriel & Logistique

Novares Industrial Sale-Leaseback - Grand Rapids, MI

5375 International Pkwy SE, Grand Rapids, MI, 49512-9730, US

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Novares Industrial Sale-Leaseback - Grand Rapids, MI_Propriétés en vente

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Novares Industrial Sale-Leaseback - Grand Rapids, MI 2_Propriétés en vente

Description de l'actif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer qualified investors the opportunity to acquire the fee simple interest in 5375 International Parkway SE, Grand Rapids, Michigan (the “Property”) – a 118,751 square foot, 100% occupied manufacturing facility. The Property is currently owned and occupied by Novares US LLC (“Novares”, “Tenant”, or the “Company”) for operations of its Americas Body Parts operating unit, and upon closing will be leased to Novares on an absolute net lease for an initial 20-year term.


Headquartered in France with operations across 22 countries, Novares Group S.A.S. (the “Parent” or “Guarantor”) is a leading global Tier I/Tier II automotive OEM supplier that designs and manufactures complex plastic components and systems serving leading players across the industry. The Company innovates with cutting edge plastic injection for cleaner, lighter, more connected cars to lead the future of the automotive industry. As of today, Novares products are in one-third of every car, globally.


The offering provides investors the opportunity to acquire a passive investment with contractually growing long-term cash flow backed by a market-leading global tenant at its strategically located facility nearby its key customers within a dense industrial submarket of Grand Rapids, MI.

Caractéristiques

Building Area
11 032 m²

Informations Clés

  • Long-term absolute NNN sale-leaseback with 2.5% annual escalations
  • Attractive starting rent providing for an attractive basis in a supply constrained industrial market
  • Mission-critical automotive components supplier with strong industry tailwinds
  • Leading global tenant with proven operating history and stable profit margins
  • Strategically located facility proximate to key long-term customers
Novares Industrial Sale-Leaseback - Grand Rapids, MI 4_Propriétés en vente
Novares Industrial Sale-Leaseback - Grand Rapids, MI 4_Propriétés en vente

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Dernière mise à jour
24 févr. 2023