(P) ARMOUR ECKRICH MEATS PORTFOLIO (INDEPENDENCE, LA)

SINGLE TENANT

142 TORTORICE LANE, INDEPENDENCE, LA 70443
Price :
$ 3,365,000
Cap Rate :
10.39%
NOI :
$ 349,548
Lot Size :
1.87 acres
Year Built :
2013
Property Area :
8,800 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• Strategically Located Industrial Warehouses with Proximate Access to Major Freeways
• Situated on Excess Land Allowing for Ample Parking and Storage, as Well as Future Expansion
• Triple-Net Leases, Minimizing Landlord Responsibility
• Armour Eckrich Meats- 150 Years of Innovating and Providing Convenient Meal Solutions for Families Nationwide
• Facilities Serve as Armour Eckrich’s Direct Store Delivery Centers
• The Galesburg, IL, Facility is Located Within Five Miles of Seven Grocery Stores Including Aldi, Walmart, and Hy-Vee
• The Independence, LA, Facility is Located Less than a Mile from a Piggly Wiggly the Town’s Main Grocery Store
• The Findlay, OH, Facility is Located Within Five Miles of Five Major Grocery Stores
• There are Seven Major Grocery Stores, Including two Walmarts, Within Five Miles in Each Direction of the Alexander, AR, Facility
• Recent Tenant Improvements Show Armour Eckrich’s Commitment to These Facilities and Markets

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Armour Eckrich Meats Portfolio located at:

1861 South Henderson Street, Galesburg, IL
142 Tortorice Lane, Independence, LA
4411 Township Road 142, Findlay, OH
190 Corner Stone Road, Alexander, AR

The subject portfolio consists of approximately 38,380 square feet of space and is situated on a combined 9 acres of land. These facilities serve as Armour Eckrich’s direct store delivery centers. Armour Eckrich Meats has 150 years of innovating and providing convenient meal solutions for families nationwide. Recent improvements to the buildings show Armour Eckrich’s commitment to these facilities and markets. Furthermore, the triple-net leases offer minimal landlord responsibility across a variety of different markets.

The Galesburg, Illinois facility is located within seven miles of grocery stores including Aldi, Walmart, and Hy-Vee. The Independence, Louisiana facility is located less than a mile from a Piggly Wiggly, the town’s main grocery store. The Findlay, Ohio facility is located within five miles of five major grocery stores. There are seven major grocery stores, including two Walmart’s, within five miles in each direction of the Alexander, Arkansas facility. All assets are strategically located industrial warehouses with proximate access to major freeways. The subject properties are situated on excess land allowing for ample parking and storage, as well as future expansion.

 

Contact Agent:
ADAM ABUSHAGUR
Vice President Investments
National Office and Industrial
Properties Group
Dallas Office
Office (972) 755-5223
Fax (972) 755-5210
adam.abushagur@marcusmillichap.com
License: TX 661916
Steven Weinstock
Illinois Broker of Record
Tel: 630-570-2200
One Mid America Plaza, Ste 200, Oakbrook Terrace, IL 60181
Steven.Weinstock@marcusmillichap.com
IL License #: 471.011175
Chris Shaheen
Louisiana Broker of Record
Tel: 225-376-6800
10527 Kentshire Court, Ste B, Baton Rouge, LA 70810
Chris.Shaheen@marcusmillichap.com
LA License #: BROK.0095692662
Michael Glass
Ohio Broker of Record
Tel: 216-264-2050
230 West Street, Ste 100, Columbus, OH 43215
Michael.Glass@marcusmillichap.com
OH License #: BRK.2007005898
Anne Williams
Arkansas Broker of Record
Tel: 901-620-3622
5100 Poplar Avenue, Suite 2505, Memphis, TN 38137
Anne.Williams@marcusmillichap.com
AR License #: PB00066390
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060953, ZAA0060954, ZAA0060955, ZAA0060906)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Tyler Sharp
(312) 327-5446
Lic # TX : 177869

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