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Single-Tenant Industrial

Becton, Dickinson, & Co.

2353 S E St, Broken Bow, NE 68822

Listing Price: $2,124,800

Cap Rate
9.00%
Gross SF
31,872
Price/Gross SF
$66.67
Lot Size
3.88 acres
Year Built
2007
Rentable SF
31,872

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant warehouse containing Becton Dickinson Co. (the “Property” or “Asset”) located in Broken Bow, Nebraska. Becton Dickinson & Co. (BD) is one of the largest global medical technology companies in the world, with more than 70,000 employees, and over $17B in Revenue. Becton Dickinson & Co. is an investment grade credit corporation (S&P BBB, Moody’s Baa2) and is publicly traded (NYSE: BDX) with a $69.99 billion market capitalization. As Becton Dickinson’s manufacturing operations have grown throughout Central Nebraska, so have their need for warehouse space. The Asset serves as a warehouse in BD’s waste and recycling efforts, helping increase waste-to-fuel (using waste as fuel) by 22 percent, and recycling by 4.6 percent for BD’s main 315,000 square foot production facility in Broken Bow. The facility, which is located 1.5 miles east, manufactures the BD Vacutainer® blood specimen collection products and urine collection products, employing more than 550 people. The lease features a mid-term commitment with a triple net lease structure and one (1) 3-year renewal option. Becton Dickinson & Co. is committed to Nebraska, having invested over $340 MM in its Nebraska facilities over the past five years, $40MM of which went to the main production facility in Broken Bow. This offering presents the rare opportunity to acquire a stabilized industrial asset with a passive ownership structure for over 3.5 years, leased to an investment grade corporate tenant.

Investment Highlights

  • The Asset serves as a warehouse in BD's waste and recycling efforts for BD's main 315,000 square foot production facility, located less than two miles to the east
  • The asset is on a triple net lease with just over 3.5 years remaining, allowing for a low maintenance investment structure
  • Becton Dickinson & Co. is an investment grade credit corporation (S&P BBB, Moody's Baa2) and is publicly traded (NYSE: BDX) with a $69.99 billion market capitalization

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Single-Tenant Industrial

Becton, Dickinson, & Co.

Listing Price: $2,124,800

Cap Rate
9.00%
Gross SF
31,872
Price/Gross SF
$66.67
Lot Size
3.88 acres
Year Built
2007
Rentable SF
31,872

Investment Highlights

  • The Asset serves as a warehouse in BD's waste and recycling efforts for BD's main 315,000 square foot production facility, located less than two miles to the east
  • The asset is on a triple net lease with just over 3.5 years remaining, allowing for a low maintenance investment structure
  • Becton Dickinson & Co. is an investment grade credit corporation (S&P BBB, Moody's Baa2) and is publicly traded (NYSE: BDX) with a $69.99 billion market capitalization

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant warehouse containing Becton Dickinson Co. (the “Property” or “Asset”) located in Broken Bow, Nebraska. Becton Dickinson & Co. (BD) is one of the largest global medical technology companies in the world, with more than 70,000 employees, and over $17B in Revenue. Becton Dickinson & Co. is an investment grade credit corporation (S&P BBB, Moody’s Baa2) and is publicly traded (NYSE: BDX) with a $69.99 billion market capitalization. As Becton Dickinson’s manufacturing operations have grown throughout Central Nebraska, so have their need for warehouse space. The Asset serves as a warehouse in BD’s waste and recycling efforts, helping increase waste-to-fuel (using waste as fuel) by 22 percent, and recycling by 4.6 percent for BD’s main 315,000 square foot production facility in Broken Bow. The facility, which is located 1.5 miles east, manufactures the BD Vacutainer® blood specimen collection products and urine collection products, employing more than 550 people. The lease features a mid-term commitment with a triple net lease structure and one (1) 3-year renewal option. Becton Dickinson & Co. is committed to Nebraska, having invested over $340 MM in its Nebraska facilities over the past five years, $40MM of which went to the main production facility in Broken Bow. This offering presents the rare opportunity to acquire a stabilized industrial asset with a passive ownership structure for over 3.5 years, leased to an investment grade corporate tenant.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

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