United States for Sale : , Various States, United States US$ 29,270,000 A portfolio of fourteen properties located in Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, Tennessee, Texas and Virginia. The properties are 100% absolute net leased to NYSE listed tenant for 23 years with four, 5-year renewal options.
Highlights
Tenant is a leading producer and marketer of packaged foods in the United States. This publicly-held company has demonstrated excellent financial performance, with annual revenues in excess of $2.6 billion and a current S&P credit rating of BBB- with stable outlook.
Brand new built-to-suit properties with 23-year absolute net leases with four renewal options at five years each
No landlord responsibilities whatsoever - Bond Style Lease
Non-recourse financing at interest rate of 7.67%
Zero cash flow structure with fixed rate, non-recourse debt in place with paydown/readvance feature
1031 buyers may utilize paydown/readvance feature to pull out significant equity from trade on a non-taxable basis
Investor has the ability to use passive losses generated by the properties to offset income from other real estate investments
