SINGLE-TENANT NNN LEASE - TRULY PASSIVE OWNERSHIP
* 100% NNN leased at below market rents to Window World, America's largest replacement window and exterior remodeling company, offering quality energy-efficient replacement windows, doors, siding, shutters and more, with over 200 locations nationwide. They have sold over 25,000,000 windows to date, including 1,000,000 windows annually since 2009.
* Well below $250-$270/PSF vacant owner-user comparables.
* Well below $300/PSF replacement cost.
* Supply-constrained North San Diego County submarket with a 0.8% vacancy rate for high finish industrial.
* Massive mark-to-market play with only a $179/PSF basis providing a 7.06% mark-to-market cap rate.
* Adjacent to North County's largest development, North City, which is a 200-acre development comprised of 3,400 residential units, 375k SF of retail, 1M SF of office and 20 acres of parks.
* Excellent ingress/egress with adjacency to the 78 Corridor and with several million SF of retail amenities.