Net Lease
Coral Industries | Absolute NNN | 4%+ Annual Increases
600 64th Ave, Northport (Tuscaloosa), AL 35476
Listing Price: $5,500,000
Cap Rate
7.85%
Lot Size
6.70 acres
Year Built
1998
Rentable SF
67,659
Investment Overview
Marcus & Millichap is pleased to present the Coral Industries in Northport, AL.
Coral Industries | Absolute NNN | 4%+ Annual Increases
Investment Highlights
- Originally a 10-Year Lease with Approximately 3 Years Remaining
- Rare Annual Increases of $18,000/Year in Base Term and Options, Equates to More Than 4% Annual Increases
- Absolute NNN Lease with No Landlord Responsibilities
- Coral Industries is the Largest Independent Manufacturer of Bath Enclosures
- Owned by KPS Capital Partners, Approximately $21.4 Billion of Assets Under Management
- $5.2 Million Northport Facility is Home to Coral's Architectural Division
- Strategic Location Near Coral's 325,000 SF Manufacturing Facility and Headquarters
Broker of Record
Financing By
Net Lease
Coral Industries | Absolute NNN | 4%+ Annual Increases
Listing Price: $5,500,000
Cap Rate
7.85%
Lot Size
6.70 acres
Year Built
1998
Rentable SF
67,659
Investment Highlights
- Originally a 10-Year Lease with Approximately 3 Years Remaining
- Rare Annual Increases of $18,000/Year in Base Term and Options, Equates to More Than 4% Annual Increases
- Absolute NNN Lease with No Landlord Responsibilities
- Coral Industries is the Largest Independent Manufacturer of Bath Enclosures
- Owned by KPS Capital Partners, Approximately $21.4 Billion of Assets Under Management
- $5.2 Million Northport Facility is Home to Coral's Architectural Division
- Strategic Location Near Coral's 325,000 SF Manufacturing Facility and Headquarters
Investment Overview
Marcus & Millichap is pleased to present the Coral Industries in Northport, AL.
Broker of Record
-
Eddie Greenhalgh
Senior Vice President Investments
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
