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General Parts Net Lease Portfolio 3 Properties Offered at $7,700,000 in Multiple Locations
Executive Summary
Cushman & Wakefield has been retained as the exclusive advisor to ownership in the sale of the General Parts Net Lease Portfolio, a three-building, 72,112-square-foot portfolio spanning three Central US markets: Minneapolis, MN; Kansas City, MO; and Milwaukee, WI.
The portfolio is 100% leased to General Parts, L.L.C., a Midwest-based independent provider of commercial kitchen equipment, repair and maintenance services. General Parts originally executed 15-year absolute net leases at each location and currently has 5.7 years of WALT remaining. Each property is situated in an infill location proximate to high-density population centers, making them mission critical to General Parts’ day-to-day operations.
The portfolio is 100% leased to General Parts, L.L.C., a Midwest-based independent provider of commercial kitchen equipment, repair and maintenance services. General Parts originally executed 15-year absolute net leases at each location and currently has 5.7 years of WALT remaining. Each property is situated in an infill location proximate to high-density population centers, making them mission critical to General Parts’ day-to-day operations.
Property Facts
| Price | $7,700,000 | Number of Properties | 3 |
| Price / SF | $113.15 / SF | Individually For Sale | 0 |
| Cap Rate | 7.35% | Total Building Size | 68,052 SF |
| Sale Type | Investment NNN | Total Land Area | 6.12 AC |
| Status | Active |
| Price | $7,700,000 |
| Price / SF | $113.15 / SF |
| Cap Rate | 7.35% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 68,052 SF |
| Total Land Area | 6.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 11311 S Hampshire Ave, Bloomington, MN 55438 | Industrial | 34,837 SF | 1984 | - |
|
General Parts
1101 E 13th St, Kansas City, MO 64106 |
Industrial | 11,415 SF | 1987 | - |
| W223N735 Saratoga Dr, Waukesha, WI 53186 | Flex | 21,800 SF | - | - |
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General Parts Net Lease Portfolio