NNN Lease Investment Offering
Address: 333 River Road, Jefferson, LA 70121
Tenant: MAR-Cone Appliance Parts Co. (Private Company)
Parent Company: mSupply, Private Equity backed by Genstar Capital
Gross Building Area: 7,550 SF
Office Area: 1,950 SF
MAR-CONE Appliance Parts Co. Building: 7,550 SF
MAR-CONE Land Area: 2 +/- acres
Giacona Container Company Land Lease: 0.75 acres
Lease Structure: MARCONE NNN
GIACONA Gross
Offering price: $2,200,000
Cap rate: 6.27%
Current annual in NOI: $138,000
Credit Rating: B4 (Martini.ai)
Five year $8,500 monthly, NNN Lease – Mar-Cone Appliance Parts Co.
Marcone has one time right to terminate at the end of year three with six months notice and termination fee equivalent to six months base rent ($51,000)
Marcone Responsible For Taxes, Insurance & CAM on their Building/Land area.
Minimal Landlord Responsibilities
Recently renovated interior and exterior with new construction office finishes
Five year $3,000 monthly, Gross Lease on 0.75 Acres of Land – Giacona Container Company
Giacona Responsible for maintenance and Property Insurance
Landlord Responsible for Taxes
Minimal Landlord Responsibilities Land Lease