Property summary
This exceptional investment opportunity presents a 6,000 square foot auto shop in Lebanon, IL, leased to Big Tex Trailer, America's #1 professional-grade trailer manufacturer. The property boasts a strong corporate guarantee from Bain Capital-owned American Trailer Works, ensuring financial stability. Currently operating under a Net Lease (NN) agreement with a 2.5-year remaining lease term (5-year lease with a 5-year option), the property offers a 7.61% cap rate and a healthy NOI of $78,000. The lease includes a 2% rent bump at renewal. Situated on a 2.26-acre lot at 64 Bel Vista Trail, this location provides significant industrial outdoor storage capacity, a highly sought-after asset class. Its strategic location on Highway 50, one exit from I-64, offers easy access to St. Louis, within a 30-minute drive. The property benefits from tenant synergy with nearby businesses such as Sunbelt Rentals and SRS Distributions. The asking price is $1,025,000. This is a rare opportunity to acquire a well-located, high-performing asset with a strong tenant and significant upside potential. The below-market rent is easily replaceable given the warehouse and outdoor storage components. This property offers a secure investment with a strong return.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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