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Single-Tenant Industrial

J Rayl Sale-Leaseback North Liberty

114 S Lafayette St, North Liberty, IN 46554

Listing Price: $1,285,000

Cap Rate
7.00%
Gross SF
22,480
Price/Gross SF
$57.16
Lot Size
3.90 acres
Year Built
1956
Rentable SF
22,480

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.

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

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Single-Tenant Industrial

J Rayl Sale-Leaseback North Liberty

Listing Price: $1,285,000

Cap Rate
7.00%
Gross SF
22,480
Price/Gross SF
$57.16
Lot Size
3.90 acres
Year Built
1956
Rentable SF
22,480

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.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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