2427 University Blvd E - Retail FOR SALE


Tuscaloosa, AL 35404- East Tuscaloosa
$9,550,000 USD
913-669-6422
2427 University Blvd E, Tuscaloosa, AL for Sale
$9,550,000 USD
Retail - FOR SALE
1/6
null | 7% Cap Rate

2427 University Blvd E
Tuscaloosa, AL 35404
East Tuscaloosa


HIGHLIGHTS

  • Brand-New Construction Ideal for Bonus Depreciation - Significant Year-1 tax Shelter and Minimal Near-Term Capital Exposure
  • Long-Term NNN Lease With 15% Rent Increase in Year 3 - 13+ Years Remaining, Cap Rate Increasing to 8.05% in Year 3
  • Full Term Corporate Guaranty - Global, Best-in-Class Plasma Pharmaceutical Credit – Kedrion S.p.A
  • Adjacent to University of Alabama - Prime Frontage Along Tuscaloosa’s Dominant Retail Corridor, Surrounded by UofA Medical Center and Student Housing

OVERVIEW

Pegasus Investments Real Estate Advisory, in conjunction with ParaSell, Inc., is pleased to present the opportunity to acquire Kedrion (Tuscaloosa, AL), a brand-new, ground-up construction leased to Kedrion Plasma, a longstanding, proven tenant that offers income stability. The property benefits from its new build-to-suit construction, as its specialized buildout enables investors to depreciate a substantial portion of the property in year 1, providing major tax benefits. Furthermore, the Kedrion brand underscores the rising popularity of the plasma industry, as the company has invested over $260M to open 40 additional facilities and $60M to expand its manufacturing facility in Melville, NY. Investors will benefit from both the historic reliability of the tenant and the security of a significant remaining lease term, providing predicable, long-term cash flow with minimal risk. The property is leased on NNN basis, landlord only responsible for structural repairs and maintenance, making it a true passive investment with the tenant responsible for all taxes, insurance, property expenses, maintenance, and roof repairs. The lease has over 13 years remaining and in addition, provides for above-market rental growth with a 15% rent increase in three years, protecting investors against inflation. Combined with a full-term corporate guaranty from Kedrion S.p.A., one of the world’s leading plasma pharmaceutical companies, this asset offers exceptional credit strength and unparallel income security.

FOR SALE DETAILS

PRICE

$9,550,000 USD

PRICE/SF

$861 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long-Term NNN Lease with 15% Rent Increase

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,961 SF

ZONING

GC

APN/PARCEL ID

30-04-20-2-010-005.000

ASK ABOUT THIS PROPERTY

Katherine WeaverPegasus InvestmentsMore Info
913-669-6422

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Katherine WeaverPegasus InvestmentsMore Info
913-669-6422

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.