The NNN master lease carries a cap rate of 7.25% with a remaining term of 17 years and 6 months
CHICAGO, IL, August 26, 2019 /24-7PressRelease/ — B+E, the first brokerage and technology platform for net lease real estate, today announced the listing of five Art Van Furniture properties under a master lease for $56,550,000.
The buildings total +/- 340,740 SF on +/- 26.26 acres of land and includes parking. The NNN master lease carries a cap rate of 7.25% with a remaining term of 17 years and 6 months. The properties are located at 1293 E. Higgins Rd. Schaumburg, IL; 4101 E. Grand River Ave. Howell, MI; 14055 Hall Rd. Shelby Township, MI; 29905 7 Mile Rd. Livonia, MI; and 4095 E. Court River Ave. Burton, MI.
“This an excellent investment opportunity providing a lengthy, strong return with an established 60-year-old retail business,” said Tim Hain with B+E. “The master lease also has built-in annual 2% increases providing an increasing return over the life of the base term and is guaranteed by Art Van Furniture Inc.”
The master lease structure of this investment allows landlords to capitalize on the diversity of the portfolio, while collecting a single payment. This also shelters the investor from any risk associated with one property. The structure allows the tenant to allocate the rents that best suits the financial performance of the location.
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Tampa and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
For the original version of this press release, please visit 24-7PressRelease.com here