NNN Hedstrom Plastics Sale - Leaseback - 10 Year Guaranty
For sale to qualified investors is an opportunity to own a fee-simple interest in Hedstrom Plastics West manufacturing facility located in Dunkirk, Ohio. The lease is absolute triple-net with no landlord obligations and is corporately guaranteed by Ball Bounce and Sport, Inc. The passive nature of this lease combined with the corporate guaranty make this an ideal 1031 replacement property or acquisition for an investor desiring a passive real estate investment. The property is being offered at an attractive 8.25% cap rate with a corresponding price of $700,121. Hedstrom Plastics will commence a brand new 10 year corporately guaranteed lease following the closing of escrow. The facility features 57,760 square feet of manufacturing workspace, a brand new 3,200 square foot storage outbuilding, all new T-8 Lighting throughout, new roof, new dock space, new sewage lift pump and line out to the city main, all resulting in over $200,000 of recent tenant improvements to the facility within the past year. The property is located with direct access to major U.S. highways, resulting in convenient and direct shipping routes to their suppliers and end users.