Mission-Critical Industrial
1171 Grill Rd Van Wert, OH 45891
1171 Grill Rd, Van Wert, OH, 45891
Contact for pricing
For Sale
Contact for pricing
Fee-simple sale and leaseback of a 27,200 SF industrial facility, 100% absolute triple-net leased for 20 years with 2% annual escalations.
Property Size27,200 SF
Days on Market103
Property Features for 1171 Grill Rd
General Information
- Standard status
- Active
- Size
- 27,200 SF
- Property subtype
- Industrial
Listing agency
JLL Phoenix
(303) 260-6500
Listed by
Nick Franklin · License #AZ0138
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 5:53AM Checked: Jul 22 at 5:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Phoenix
Investment Insights
Based on property information with market context.
JLL is pleased to offer the fee-simple sale and leaseback of a 27,200-square-foot mission-critical industrial facility at 1171 Grill Road in Van Wert, OH. At closing, the property will be 100% absolutely triple-net leased to Mid-State Industrial Maintenance for an initial 20-year term, featuring contractual 2.00% annual escalations.
Mid-State provides on-site and in-house maintenance and repair services to a range of end market users. The lease is structured as a single-tenant arrangement with contractual rent escalations in place for the initial term.
This offering provides investors with a long-term, single-tenant industrial asset under an absolute triple-net lease structure, with no landlord responsibilities attributed to the lease terms as presented in the offering materials.
Mid-State provides on-site and in-house maintenance and repair services to a range of end market users. The lease is structured as a single-tenant arrangement with contractual rent escalations in place for the initial term.
This offering provides investors with a long-term, single-tenant industrial asset under an absolute triple-net lease structure, with no landlord responsibilities attributed to the lease terms as presented in the offering materials.
Key Highlights
- Fee‑simple sale and leaseback of a 27,200 SF mission‑critical industrial facility in Van Wert, OH
- 100% absolute triple‑net lease to Mid‑State Industrial Maintenance for an initial 20‑year term
- Lease includes contractual rent escalations of 2.00% annually
Property Analytics
Location Intelligence
Current Use by Public Records
Elmco Engineering OH. ...
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Fee-simple sale and leaseback of a 27,200 SF industrial facility, 100% absolute triple-net leased for 20 years with 2% annual escalations.
Where is this nnn property located?
The property is located at 1171 Grill Rd Van Wert, OH.
What are key features of this property?
This property features: Fee‑simple sale and leaseback of a 27,200 SF mission‑critical industrial facility in Van Wert, OH; 100% absolute triple‑net lease to Mid‑State Industrial Maintenance for an initial 20‑year term; Lease includes contractual rent escalations of 2.00% annually
