Single-Tenant Industrial
J Rayl Sale-Leaseback North Liberty
114 S Lafayette St, North Liberty, IN 46554
Listing Price: $1,285,000
Investment Overview
J. Rayl Transport 20-Year Absolute NNN Truck Terminal Sale-Leaseback in North Liberty, Indiana (South Bend-Mishawaka MSA). Corporate Guaranty Backed by Company with 35-Year Operating History, Substantial Assets, and Sizeable Annual Revenue. Strategic Location with Established Operating History – Acquired by J Rayl Nine Years Ago; Numerous Key Customers within 150 Miles of the Facility – Contact Agent for Details.
J Rayl Sale-Leaseback North Liberty
Investment Highlights
- J. Rayl Transport 20-Year Absolute NNN Truck Terminal Sale-Leaseback in North Liberty, Indiana (South Bend-Mishawaka MSA)
- Offering Includes Approx. 3.9-Acre Site with 18,540 RBA of Office, Garage, Maintenance & Storage Buildings
- 10% Rent Increases Every 5 Years Provides NOI Growth Over Term & Inflation Hedge
- Low Rent Factor - $4/SF NNN Annually on the Building RBA Equating to $23,000/Acre Annually.
- Long-Term 20-Year Initial Lease Term & Six, Five-Year Options Thereafter with Continued Rent Increases
- Property has Fully-Staffed Fleet Repair Facility; Recent Investment in Fleet Maintenance Facility & Security Cameras
- Located Just 16 Miles from I-90 (Indiana Turnpike) – 3,000-Mile Transcontinental Highway Running from Seattle to Boston
- Plans in Place to Use Sale-Leaseback Proceeds in Part to Establish Driving School at Facility and Grow the Fleet at the Location to 80 Drivers; Modeled After Successful Driving School at J Rayl Akron, OH HQ Facility
Single-Tenant Industrial
J Rayl Sale-Leaseback North Liberty
Listing Price: $1,285,000
Investment Highlights
- J. Rayl Transport 20-Year Absolute NNN Truck Terminal Sale-Leaseback in North Liberty, Indiana (South Bend-Mishawaka MSA)
- Offering Includes Approx. 3.9-Acre Site with 18,540 RBA of Office, Garage, Maintenance & Storage Buildings
- 10% Rent Increases Every 5 Years Provides NOI Growth Over Term & Inflation Hedge
- Low Rent Factor - $4/SF NNN Annually on the Building RBA Equating to $23,000/Acre Annually.
- Long-Term 20-Year Initial Lease Term & Six, Five-Year Options Thereafter with Continued Rent Increases
- Property has Fully-Staffed Fleet Repair Facility; Recent Investment in Fleet Maintenance Facility & Security Cameras
- Located Just 16 Miles from I-90 (Indiana Turnpike) – 3,000-Mile Transcontinental Highway Running from Seattle to Boston
- Plans in Place to Use Sale-Leaseback Proceeds in Part to Establish Driving School at Facility and Grow the Fleet at the Location to 80 Drivers; Modeled After Successful Driving School at J Rayl Akron, OH HQ Facility
Investment Overview
J. Rayl Transport 20-Year Absolute NNN Truck Terminal Sale-Leaseback in North Liberty, Indiana (South Bend-Mishawaka MSA). Corporate Guaranty Backed by Company with 35-Year Operating History, Substantial Assets, and Sizeable Annual Revenue. Strategic Location with Established Operating History – Acquired by J Rayl Nine Years Ago; Numerous Key Customers within 150 Miles of the Facility – Contact Agent for Details.
