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Long-Term NNN Lease with 15% Rent Increase 2427 University Blvd E 11 090 pi² Commerce de détail Immeuble Tuscaloosa, AL 35404 12 968 900 $ CAD (1 169,42 $ CAD/pi²) 7% Taux de capitalisation
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Faits saillants de l'investissement
- Brand-New Construction Ideal for Bonus Depreciation - Significant Year-1 tax Shelter and Minimal Near-Term Capital Exposure
- Full Term Corporate Guaranty - Global, Best-in-Class Plasma Pharmaceutical Credit – Kedrion S.p.A
- Long-Term NNN Lease With 15% Rent Increase in Year 3 - 13+ Years Remaining, Cap Rate Increasing to 8.05% in Year 3
- Adjacent to University of Alabama - Prime Frontage Along Tuscaloosa’s Dominant Retail Corridor, Surrounded by UofA Medical Center and Student Housing
Résumé de l'annonce
Pegasus Investments Real Estate Advisory, in conjunction with ParaSell, Inc., is pleased to present the opportunity to acquire the fee simple interest in a newly constructed, build-to-suit plasma collection center leased to Kedrion, one of the world’s leading plasma derived pharmaceutical companies, located at 2427 University Boulevard East, Tuscaloosa, Alabama (the “Property”). Completed in 2023, the 11,090-square-foot facility sits on a 2.18-acre parcel and was purpose built to meet Kedrion’s specialized operational requirements. Both landlord and tenant invested substantial capital into the development, underscoring Kedrion’s long-term commitment to the site and positioning the Property at the beginning of its useful life. The modern, medical grade buildout also offers investors the potential for meaningful first year bonus depreciation benefits, enhancing after-tax returns.
The Property is leased on a long-term net basis with 13 years of firm term remaining through May 31, 2039, plus a five-year renewal option with CPI-based rent growth. The lease structure provides for above market rental increases, including a 15% rent escalation in Year 6, and a CPI-based increase in Year 11. The landlord’s responsibilities are limited solely to structural components, resulting in an extremely passive ownership profile. Offered at a 7.00% cap rate on in-place NOI, the upcoming rent increase meaningfully enhances future yield while maintaining strong downside protection. The lease is fully guaranteed by Kedrion S.p.A. for the entire term, providing exceptional credit security from a globally scaled pharmaceutical operator.
The Property is leased on a long-term net basis with 13 years of firm term remaining through May 31, 2039, plus a five-year renewal option with CPI-based rent growth. The lease structure provides for above market rental increases, including a 15% rent escalation in Year 6, and a CPI-based increase in Year 11. The landlord’s responsibilities are limited solely to structural components, resulting in an extremely passive ownership profile. Offered at a 7.00% cap rate on in-place NOI, the upcoming rent increase meaningfully enhances future yield while maintaining strong downside protection. The lease is fully guaranteed by Kedrion S.p.A. for the entire term, providing exceptional credit security from a globally scaled pharmaceutical operator.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
11 090 pi²
Classe d’immeuble
B
Année de construction
2024
Prix
12 968 900 $ CAD
Prix par pi²
1 169,42 $ CAD
Taux de capitalisation
7%
Revenu net d’exploitation
907 824 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,12
Taille du lot
2,18 AC
Zone de développement économique
Oui
Zonage
GC - GC - General Commercial District
Stationnement
73 places (6,58 places par 1 000 pi² loué)
Plutôt praticable à pied
30/100
Moyennement facile d’accès en voiture
70/100
Plutôt praticable en vélo
50/100
Principaux détaillants à proximité
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 732 238 $ CAD | |
| Évaluation du terrain | 33 455 $ CAD | Évaluation totale | 765 693 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
33 455 $ CAD
Évaluation des bâtiments
732 238 $ CAD
Évaluation totale
765 693 $ CAD
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Long-Term NNN Lease with 15% Rent Increase | 2427 University Blvd E
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