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Net Leased Industrial 1 Steel Way 117,376 SF Industrial Building North Vernon, IN 47265 $6,668,792 CAD ($56.82 CAD/SF) 7.60% Cap Rate
Investment Highlights
- ?Absolute NNN lease with 2.0% annual rent increases
- ?Mission-critical facility with 20+ years of occupancy and a waived termination right, reinforcing long-term commitment to the location
- ?Nearby industrial tenants include Lowe’s 867,000 SF distribution center, Novolex Recycling, and North Vernon Beverage
- Family-owned steel company with four decades of operating history
- ?IATF 16949 certification tied to building
Property Facts
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,077,160 CAD | |
| Land Assessment | $203,337 CAD | Total Assessment | $1,280,497 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$203,337 CAD
Improvements Assessment
$1,077,160 CAD
Total Assessment
$1,280,497 CAD
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Net Leased Industrial | 1 Steel Way
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