Duong Investment Group

Beacon Roofing Supply – Absolute NNN | 3% Annual Increases

9050 Louisiana Street, Merrillville, IN 46410

Closing Notes

  • Short Due Diligence Period of 7 Days
  • Sourced a Local Buyer

Property Description

Price: $2,650,000
Cap Rate: 5.25%
Gross Leasable Area: ±16,080 SF
Year Built: 1993

Investment Highlights

New 7-Year Lease Extension

Absolute NNN Lease

Rare 3% Annual Increases

 

Industrial Property in Excellent Condition

New Paved Asphalt Parking Lot

Large Lot with Over 2.5 Acres Allowing for Expansion in the Future

Located on Interstate 65 with a Traffic Count Exceeding 67,000 CPD, Which Provides for Great Exposure to the Marketplace

 

Strong Corporate Guarantee

Rare Absolute NNN Industrial Property – Zero Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market

Beacon Roofing Supply is a Publicly Traded Company (NASDAQ: BECN) with Revenue in Excess of $7 Billion

Beacon Roofing Supply has Over 400 Locations in the USA and Canada

 

Pride of Ownership Property in Merrillville, IN

Dense, Infill Area with Over 88,000 Residents within 5 Miles of the Subject Property

The Subject Property is Located on Interstate 65 which Connects the Following Cities: Birmingham, Nashville, Louisville, Indianapolis, and Chicago

Located in a Dense Industrial Area with other National Brands such as Amazon, Frito-Lay, McCann Industries Inc., TruGreen Lawn Care, Aramark, Cranemasters, SCP Distributors, Orkin, and Many More within Close Proximity to the Subject Property

 

Broker of Record: Joshua Caruana – License: IN RB14034355

Contact Information

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643