Insurance Auto Auctions

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Drew Hartner

Investment Advisor

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PROPERTY ADDRESS

223 BALDWINVILLE ROAD, TEMPLETON, MA 01468

PROPERTY INFORMATION

Price:
$7,251,302
Cap Rate:
6.50%
Term Remaining:
14+ years Years
Year Built:
2018
Status:
Available

INVESTMENT HIGHLIGHTS

  • Annual 3% Rental Escalations
  • 14+ Years Remaining on Original 15 Year Lease
  • Average Cap Rate of 8.06% During Primary Term
  • Absolute Net Lease - Zero Landlord Responsibilities
  • Build to Suit for Insurance Auto Auctions in 2018
  • Ideally Located 60 Miles West of Boston
  • Local Permitting Required to Operate Ensures Strong Likelihood of Long Term Renewal
  • IAA's Business Model is e-Commerce Resistant
  • Tenant Will Be Constructing Their Own Building On Site