Single-Tenant Vacant-User

Thorntons Corporate Headquarters

Listing Price: $33,788,528

Tenant Name
Thorntons, Inc.
Years Remaining On Lease
21.60
Guarantor
Corporate Guarantee
Rentable SF
88,698
Lease Type
Absolute Net
Rent Per Square Feet
$19.59

Investment Overview

This offering allows an investor to acquire the property with just 13% cash down and by assuming the existing, non-recourse financing. The subject property is structured as a zero cash flow offering. The rent, including all scheduled increases for the remaining 22 years, match the monthly debt service from the existing financing. The property consists of 88,698 square feet of class A office space on approximately 20.58 acres of land. Completed in 2017, the location serves as the new corporate headquarters and Store Support Center for the 200+ Thorntons convenience stores. For Loan Information – please see Offering Memorandum page 8 for Note Payment Schedule.

Investment Highlights

  • ASSUMABLE NON-RECOURSE DEBT WITH ONLY A 13% EQUITY REQUIREMENT
  • NEWLY-CONSTRUCTED CLASS A BUILT-T0-SUIT OFFICE SPACE
  • 22 YEARS REMAINING ON ORIGINAL 25-YEAR ABSOLUTE NNN LEASE
  • ONLY 6% BALLOON - SIGNIFICANTLY REDUCES REFINANCING RISK
  • AFFLUENT EAST LOUISVILLE LOCATION

Exclusively Listed By

Single-Tenant Vacant-User

Thorntons Corporate Headquarters

Listing Price: $33,788,528

Tenant Name
Thorntons, Inc.
Years Remaining On Lease
21.60
Guarantor
Corporate Guarantee
Rentable SF
88,698
Lease Type
Absolute Net
Rent Per Square Feet
$19.59

Investment Highlights

  • ASSUMABLE NON-RECOURSE DEBT WITH ONLY A 13% EQUITY REQUIREMENT
  • NEWLY-CONSTRUCTED CLASS A BUILT-T0-SUIT OFFICE SPACE
  • 22 YEARS REMAINING ON ORIGINAL 25-YEAR ABSOLUTE NNN LEASE
  • ONLY 6% BALLOON - SIGNIFICANTLY REDUCES REFINANCING RISK
  • AFFLUENT EAST LOUISVILLE LOCATION

Investment Overview

This offering allows an investor to acquire the property with just 13% cash down and by assuming the existing, non-recourse financing. The subject property is structured as a zero cash flow offering. The rent, including all scheduled increases for the remaining 22 years, match the monthly debt service from the existing financing. The property consists of 88,698 square feet of class A office space on approximately 20.58 acres of land. Completed in 2017, the location serves as the new corporate headquarters and Store Support Center for the 200+ Thorntons convenience stores. For Loan Information – please see Offering Memorandum page 8 for Note Payment Schedule.

Exclusively Listed By

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