Single Tenant NNN Investment Property 2028 W Main St 93,078 SF Industrial Building Salem, IL 62881 $15,612,545 CAD ($167.74 CAD/SF)

93,078 SF single tenant absolute NNN investment property. The first phase of the building was constructed in 2023 with a steel frame and metal skin. The second phase of construction was completed in 2024. The facility has 8 docks and (3) 12’x14' drive-in doors. The property has heavy power with 480V, 3ph, 1,200 amp electrical service. The lighting is all LED lighting with motion sensors. The entire building is protected with ESFR sprinklers. The entire plant is air conditioned with (9) Rheem air handling units. There are two complete air compressor circuits serving the two different sections of the plant. Each circuit has an air compressor with a dryer, receiving tank and compressed airlines throughout the plant. These items will remain with the building and are not considered tenant’s property. Tenant is responsible for all upkeep and maintenance of the equipment.
The property is located in Salem, IL. Salem is a city in South Central Illinois off of I-57 with a population of 7,000. Salem is the county seat for Marion County. It has a strong industrial manufacturing base with 17 manufacturing companies calling Salem home. The plant is 1/2 a mile from the interstate.
High-Quality Tenant: The property is leased to a Tier 1 automotive supplier with a strong credit rating, providing stable and reliable income. Long-Term Lease: The tenant has 10 years remaining on their lease, ensuring a consistent cash flow for the investor. Rent Growth: The lease includes 2% annual rent increases, providing a hedge against inflation and increasing the property's value over time.