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Corporate Sale-Leaseback - 10 Year Absolute NNN
Listing was updated at: 12/04/2018
Property Overview
Price/Rent PSF $ 689,000.00
Asset Type Industrial
Trade Type Sale
SQ. FT. Available 25,813
Date Available 12/04/2018
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Description

Location
This facility is located in Catawba, North Carolina, one hour from Charlotte. It lays just south of I-40 and Catawba is halfway between Hickory and Statesville along the Catawba river.

Sale
We are pleased to present a corporate sale-leaseback opportunity. The tenant is Mountain Creek Contractors, which specialize in a wide range of aspects of concrete construction, including box culverts, deep foundations, shoring, and many aspects of heavy civil concrete construction. This NNN lease has a ten (10) year term with two (2) options to renew for five (5) years each. There will be a 10% rent increase at each renewal option. Tenant is negotiable on the lease terms.

The improvements consists of a 3,644 SF of office space and 22,169 SF of warehouse space and material storage area. The site is 2.55 acres, which is mostly concrete and gravel.

Visit Mountain Creek Contractors website at www.mtcreekinc.com for more details about the tenant.

Location

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