NNN Industrial Portfolio of 2M SF Entertains Bids

One of the properties is Sunny Delight at 300 FM 1417 West in Dallas.

DALLAS—A long-term triple-net lease portfolio consists of approximately 2 million square feet of industrial space located in eight mission-critical industrial facilities in Alabama, California, Georgia, Illinois, New Jersey, Texas and Wisconsin. The locations offer solid real estate fundamentals, logistical infrastructure, access to skilled labor, outstanding transportation systems and growing populations.

The portfolio is currently 100% triple-net leased to five nationally and regionally recognized tenants with a remaining lease term of slightly more than 11.5 years. The portfolio offers strong in-place net operating income and is poised to experience strong growth throughout the buyer’s projected hold period due to contractual rent bumps and consumer price index-based rent adjustments.