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Miscellaneous

MRC Global (NYSE: MRC) - Largest Global Distributor of Pipe, Valves & Fittings | Absolute Net Lease

502 25 Ave, Nisku, AB T9E 0K6

Listing Price: $16,783,215

Cap Rate
6.60%
Tenant Name
MRC Global
Years Remaining On Lease
11.6
Gross SF
141,930
Guarantor
Corporate Guarantee
Rentable SF
141,930
Price/Gross SF
$118.25
Lease Type
Absolute Net
Rent Per Square Feet
$7.80

Investment Overview

Nisku is a hamlet and an industrial/business park in Alberta, Canada within Leduc County. The hamlet and industrial/business park are located in census division No. 11 and in the federal riding of Edmonton-Wetaskiwin. The Hamlet of Nisku is located east of the intersection of Queen Elizabeth II Highway (Highway 2) and Highway 625, between the cities of Edmonton and Leduc. More specifically, the hamlet is located within an industrial/business park on the north side of Highway 625 (20 Avenue) between Sparrow Drive and the Canadian Pacific Railway. The Nisku Industrial Park or the Nisku Business Park, according to Leduc County and the Nisku Business Association respectively, surrounds the hamlet. The park stretches from Edmonton's southern city limits to Leduc's northern city limits on the east side of the Queen Elizabeth 11 Highway. It is bisected by Highway 625 (20 Avenue), which becomes Highway 19 west of the Queen Elizabeth II Highway. The southern half of the park is located opposite the Edmonton International Airport. Established in 1972, by the Sparrow family (brothers Bert, Jim, Murrey and Don Sparrow), the Nisku Industrial Park has emerged as an important service centre for the Edmonton Metropolitan Region and has become one of the largest industrial/business parks in Western Canada. The park is 5,050 acres in size, is home to over 400 businesses, and employs more than 6,000 workers. Leduc County does not levy a business tax in the park. It has been described as "as large as all of downtown Toronto from the waterfront to Forest Hill".

Investment Highlights

  • Situated in the Leduc Industrial/Business Park- It has emerged as an Important Service Centre for the Edmonton MSA and has become one of the Largest Industrial/Business Parks in Western Canada.
  • 1 in 13 Jobs in Alberta are Related to the Industrial Sector, either connected to Valves and Flanges Manufacturing, Servicing of Rig Components, Fabrication of Down Hole Drilling Tools, or Exploration.
  • This is the Only MRC Distribution Center in Canada and Serves all of its Canadian Branches. MRC made significant investments into this location - Demonstrates continued commitment to its Canadian customers. Additionally MRC Expanded its Original Building in 2010 and 2013.
  • Leduc County and the Surrounding Area's are Affordable and Attractive Communities providing a Quality Lifestyle for Employees - Features an Average Household Income of more than $140k+ within a 5-Mile Radius. Positioned Along Area's Major Industrial & Manufacturing Corridor. Easy access to/from Queen Elizabeth 11 Highway, Alberta's major North-South Artery.
  • In Close Proximity to the Edmonton International Airport -Companies within the Park benefit from their ability to provide Cost-Effective Manufacturing and Distribution for both Cargo and Passenger Traffic.
  • Large Land Tract - The Property sits on Approx. 18.6 Acres Providing both Long Term Upside and Ample Expansion Capabilities to Accommodate the Tenant's Future needs.
  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Increases throughout the Initial Term and Options. 13+ Year Historical Occupancy and New 12-Year Lease.
  • MRC Global (NYS E: MRC) is the Largest Global Distributor of Pipe, Valves & Fittings (PVF) and Related Infrastructure Products and Services to the Energy Industry, based on Sales.

Exclusively Listed By

Miscellaneous

MRC Global (NYSE: MRC) - Largest Global Distributor of Pipe, Valves & Fittings | Absolute Net Lease

Listing Price: $16,783,215

Cap Rate
6.60%
Tenant Name
MRC Global
Years Remaining On Lease
11.6
Gross SF
141,930
Guarantor
Corporate Guarantee
Rentable SF
141,930
Price/Gross SF
$118.25
Lease Type
Absolute Net
Rent Per Square Feet
$7.80

Investment Highlights

  • Situated in the Leduc Industrial/Business Park- It has emerged as an Important Service Centre for the Edmonton MSA and has become one of the Largest Industrial/Business Parks in Western Canada.
  • 1 in 13 Jobs in Alberta are Related to the Industrial Sector, either connected to Valves and Flanges Manufacturing, Servicing of Rig Components, Fabrication of Down Hole Drilling Tools, or Exploration.
  • This is the Only MRC Distribution Center in Canada and Serves all of its Canadian Branches. MRC made significant investments into this location - Demonstrates continued commitment to its Canadian customers. Additionally MRC Expanded its Original Building in 2010 and 2013.
  • Leduc County and the Surrounding Area's are Affordable and Attractive Communities providing a Quality Lifestyle for Employees - Features an Average Household Income of more than $140k+ within a 5-Mile Radius. Positioned Along Area's Major Industrial & Manufacturing Corridor. Easy access to/from Queen Elizabeth 11 Highway, Alberta's major North-South Artery.
  • In Close Proximity to the Edmonton International Airport -Companies within the Park benefit from their ability to provide Cost-Effective Manufacturing and Distribution for both Cargo and Passenger Traffic.
  • Large Land Tract - The Property sits on Approx. 18.6 Acres Providing both Long Term Upside and Ample Expansion Capabilities to Accommodate the Tenant's Future needs.
  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Increases throughout the Initial Term and Options. 13+ Year Historical Occupancy and New 12-Year Lease.
  • MRC Global (NYS E: MRC) is the Largest Global Distributor of Pipe, Valves & Fittings (PVF) and Related Infrastructure Products and Services to the Energy Industry, based on Sales.

Investment Overview

Nisku is a hamlet and an industrial/business park in Alberta, Canada within Leduc County. The hamlet and industrial/business park are located in census division No. 11 and in the federal riding of Edmonton-Wetaskiwin. The Hamlet of Nisku is located east of the intersection of Queen Elizabeth II Highway (Highway 2) and Highway 625, between the cities of Edmonton and Leduc. More specifically, the hamlet is located within an industrial/business park on the north side of Highway 625 (20 Avenue) between Sparrow Drive and the Canadian Pacific Railway. The Nisku Industrial Park or the Nisku Business Park, according to Leduc County and the Nisku Business Association respectively, surrounds the hamlet. The park stretches from Edmonton's southern city limits to Leduc's northern city limits on the east side of the Queen Elizabeth 11 Highway. It is bisected by Highway 625 (20 Avenue), which becomes Highway 19 west of the Queen Elizabeth II Highway. The southern half of the park is located opposite the Edmonton International Airport. Established in 1972, by the Sparrow family (brothers Bert, Jim, Murrey and Don Sparrow), the Nisku Industrial Park has emerged as an important service centre for the Edmonton Metropolitan Region and has become one of the largest industrial/business parks in Western Canada. The park is 5,050 acres in size, is home to over 400 businesses, and employs more than 6,000 workers. Leduc County does not levy a business tax in the park. It has been described as "as large as all of downtown Toronto from the waterfront to Forest Hill".

Exclusively Listed By

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