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INVESTMENT HIGHLIGHTS
THE ASSET: Custom Metal Products has been at this location for more than 20 years and has 9+ years remaining on an Absolute NNN Lease with one (1), 10-Year Renewal Option. The Property is fully equipped with an overhead conveyor & paint line, 2 CNC punching lines and an automated laser with steel storage tower.
ATTRACTIVE RENT INCREASES: The lease calls for attractive 2.5% annual rent increases throughout the primary lease term and the renewal option period providing the investor with an attractive increase in revenue and a hedge against inflation.
STRATEGIC RETAIL LOCATION: The Property is Located within Northwest Wilmington’s Industrial Hub and is surrounded by Numerous Light Industrial, Manufacturing Plants and Distribution Centers. Additionally, the Property is within walking distance of Wilmington International Airport and is offers proximity to the Port of Wilmington, the fastest growing port in the country. Custom Metal Products is positioned along the area’s major industrial and manufacturing corridor and features easy access to NC Route 133, US Route 74 and is located within minutes of Interstates 40 and 140.
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