NAPA Auto Parts - Niles, MI_Actifs en vente

323 South 11th Street, Niles, MI, 49120, US

NAPA Auto Parts - Niles, MI

Description de l'actif

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant NAPA Auto Parts located in Niles, MI (the "Property" or "Asset"). The Property is situated along South 11th Street (M-51), which benefits from exposure to 20,000+ vehicles per day ("VPD"). The Property is occupied by NAPA Auto Parts (the "Tenant"), which is subject to an ±18-year Abs. NNN lease with 1% annual rent bumps and four 5-year renewal options.

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Caractéristiques de l'actif

Surface de l'actif Net

505 m²

Occupation

100 %

Année de construction

1985

Taille du terrain Brut

0,38 hectare

Média

Points clés d'investissement

Absolute NNN Lease with ±18 Years of WALT (4, 5-year options)
Genuine Parts Company provides an investment-grade (S&P: BBB) guarantee.
The Property is situated along South 11th Street (M-51), which benefits from exposure to 20,000+ vehicles per day ("VPD")
The Asset is within close proximity to employers such as Corewell Health Lakeland Hospitals Niles Hospital and major retailers such as Walgreens, Popeyes, Starbucks, AutoZone, The UPS Store, and Hardee's