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Net Lease

BBB Industrial

5687 Smithville Hwy, Sparta, TN 38583

Listing Price: $8,600,000

Cap Rate
6.50%
Lot Size
18.94 acres
Year Built
1993
Rentable SF
124,417

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for BBB Industries located at 5687 Smithville Highway, Sparta, TN. The property consists of approximately 124,417 square feet of building space and is situated on approximately 18.94 acres of land. The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases of 1.50% annually starting in Year 2. The rental increases will continue through the base term and into the four, five-year tenant renewal options.

Investment Highlights

  • 20-YEAR TRIPLE-NET (NNN) SALE-LEASEBACK: At closing the tenant will execute a brand new 20-year absolute triple-net lease. The lease will have no landlord responsibilities
  • CORPORATE GUARANTY: The lease will be subject to a corporate guaranty from BBB Industries, LLC
  • EXCELLENT CREDIT: BBB Industries is a $2 billion company that was founded over 35 years ago. It is the leading remanufacturer and distributor of replacement parts to the North American and European au

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Financing By

Listing Price: $8,600,000

Cap Rate
6.50%
Lot Size
18.94 acres
Year Built
1993
Rentable SF
124,417

Investment Highlights

  • 20-YEAR TRIPLE-NET (NNN) SALE-LEASEBACK: At closing the tenant will execute a brand new 20-year absolute triple-net lease. The lease will have no landlord responsibilities
  • CORPORATE GUARANTY: The lease will be subject to a corporate guaranty from BBB Industries, LLC
  • EXCELLENT CREDIT: BBB Industries is a $2 billion company that was founded over 35 years ago. It is the leading remanufacturer and distributor of replacement parts to the North American and European au

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for BBB Industries located at 5687 Smithville Highway, Sparta, TN. The property consists of approximately 124,417 square feet of building space and is situated on approximately 18.94 acres of land. The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases of 1.50% annually starting in Year 2. The rental increases will continue through the base term and into the four, five-year tenant renewal options.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

Financing By

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