Miss Jones Baking Co Sale-Leaseback_Property for Sale
Miss Jones Baking Co Sale-Leaseback_Property for Sale
2020 & 2105 Superior Street, Sandusky, OH, 44870, US

Miss Jones Baking Co Sale-Leaseback

Asset description

Jones Lang LaSalle Americas, Inc. is pleased to offer the Miss Jones Baking Co Food Manufacturing Sale-leaseback (the “Offering") in Sandusky, OH.


Comprising 54,850 square feet, the food production facilities located at 2020 & 2105 Superior Street, Sandusky, OH (the “Properties") represent the entire manufacturing and warehousing footprint of Decko Products, a 50-year producer of cake frosting and decorative icing varieties. The Properties will be subject to a 10-year absolute NNN lease term with 3.00% annual rent escalations.

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Attributes

Building area gross
5,096 sm
Occupancy
100%
Land area gross
2.00 ha
Lease type
Net lease (N/NN/NNN)
Number of loading docks
4

Media

Investment highlights

  • Sponor-Backed Tenant with an Impressive 53% sales CAGR
  • 0.6% Vacancy Rate in U.S. Route 6 Corridor Limited Supply
  • Committed Tenant Representing 100% of Manufacturing Footprint
  • Absolute NNN Lease Zero Landlord Responsibilities
  • 3.00% Annual Rent Increases and FMV Reset at Renewals
  • Superior Connectivity via Norfolk Southern Rail Line Directly East of The Properties
  • Strategic Location Proximate to I-6 Intersection for Efficient Distribution
Miss Jones Baking Co Sale-Leaseback 4_Property for Sale
Miss Jones Baking Co Sale-Leaseback 4_Property for Sale

Contact brokers

Miss Jones Baking Co Sale-Leaseback (0 Properties)

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Last updated
Apr 3, 2024