Net Lease
JRayl Sale-Leaseback | 20-Yr Term
1016 Triplett Blvd, Akron, OH 44306
Listing Price: $6,000,000
Investment Overview
J. Rayl transport is a 20-year Absolute NNN headquarters facility sale-leaseback in Akron, Ohio. Offering includes 12 acres across four parcels with three buildings totaling 29,800 square feet RBA site has capacity for storage over 200 trailers and over 100 tractors; on-site diesel fueling station. Over 70 office employees work on-site daily as the main operational headquarters for all of J. Rayl’s terminals located outside of Ohio. Over 200 truck drivers report to the facility as well. 1.3 miles from Interstate-277 / route 224 exit ramps at Kelly Avenue and 0.7-mile from Interstate-77 exit ramps at East Wilbeth Road. Within a five-minute drive from three major interstates – I-77, I-76, and I-277.
JRayl Sale-Leaseback | 20-Yr Term
Investment Highlights
- J. Rayl Transport 20-Year Absolute NNN Headquarters Facility Sale-Leaseback in Akron, Ohio
- 17-Year Operating History at Site – Truck Terminal as well as the Corporate Headquarters Facility for J. Rayl Since 2008
- Tenant Invested Over $3 Million into Complete Gut Renovation of Approx. 20,000 SF RBA of HQ Office Buildings in 2020/2021
- All Major Infrastructure & CapEx Items Replaced Including New Roof, Windows, HVAC, Parking Lot, Plumbing, Electrical, and Other Building Mechanical Systems
- J. Rayl was Established Locally in Akron in 1987 and has Continuously Maintained Headquarters Operations in Akron Since; Largest Truckload Carrier in NE Ohio
- Offering Includes 12 Acres Across 4 Parcels with Three Buildings Totaling 29,800 SF RBA. Building 1 – 5,670 SF Heated & Cooled 1-Story Office Building Housing Accounting, IT & Driver Lounge; Has Full Basement. Building 2 – 13,980 SF 1-Story Industrial Space Retrofit to Office Housing Executive Offices, Operations, Safety, HR & Brokerage Employees, Conference & Driver Training Rooms; Attached to Building 1/Office. Building 3 – 10,150 SF Heated Mechanic Shop with Drive-in Doors & Several Drive-
- 10 Percent Rent Increases Every Five Years Provides NOI Growth Over Term & Inflation Hedge. Absolute NNN Lease Structure – Zero Landlord Responsibilities.
- Corporate Guaranty Backed by Company with 38-Year Operating History, Substantial Assets, and Sizeable Annual Revenue
Listing Price: $6,000,000
Investment Highlights
- J. Rayl Transport 20-Year Absolute NNN Headquarters Facility Sale-Leaseback in Akron, Ohio
- 17-Year Operating History at Site – Truck Terminal as well as the Corporate Headquarters Facility for J. Rayl Since 2008
- Tenant Invested Over $3 Million into Complete Gut Renovation of Approx. 20,000 SF RBA of HQ Office Buildings in 2020/2021
- All Major Infrastructure & CapEx Items Replaced Including New Roof, Windows, HVAC, Parking Lot, Plumbing, Electrical, and Other Building Mechanical Systems
- J. Rayl was Established Locally in Akron in 1987 and has Continuously Maintained Headquarters Operations in Akron Since; Largest Truckload Carrier in NE Ohio
- Offering Includes 12 Acres Across 4 Parcels with Three Buildings Totaling 29,800 SF RBA. Building 1 – 5,670 SF Heated & Cooled 1-Story Office Building Housing Accounting, IT & Driver Lounge; Has Full Basement. Building 2 – 13,980 SF 1-Story Industrial Space Retrofit to Office Housing Executive Offices, Operations, Safety, HR & Brokerage Employees, Conference & Driver Training Rooms; Attached to Building 1/Office. Building 3 – 10,150 SF Heated Mechanic Shop with Drive-in Doors & Several Drive-
- 10 Percent Rent Increases Every Five Years Provides NOI Growth Over Term & Inflation Hedge. Absolute NNN Lease Structure – Zero Landlord Responsibilities.
- Corporate Guaranty Backed by Company with 38-Year Operating History, Substantial Assets, and Sizeable Annual Revenue
Investment Overview
J. Rayl transport is a 20-year Absolute NNN headquarters facility sale-leaseback in Akron, Ohio. Offering includes 12 acres across four parcels with three buildings totaling 29,800 square feet RBA site has capacity for storage over 200 trailers and over 100 tractors; on-site diesel fueling station. Over 70 office employees work on-site daily as the main operational headquarters for all of J. Rayl’s terminals located outside of Ohio. Over 200 truck drivers report to the facility as well. 1.3 miles from Interstate-277 / route 224 exit ramps at Kelly Avenue and 0.7-mile from Interstate-77 exit ramps at East Wilbeth Road. Within a five-minute drive from three major interstates – I-77, I-76, and I-277.
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