629,682 sq. ft.
Cold Storage, Distribution Facility
7 Years
Guaranteed triple net lease
10.3%
Avg. annual net cash return
-
Property
630,000 s.f. distribution center on 100 acres serving as Pfizer pharmaceuticals primary distribution facility for over-the-counter products. 7 year triple net lease with two 5 year renewal terms. -
Tenant
Occupied by Exel, Inc., as the contract operations and logistics provider for Pfizer for its entire OTC line of products nationwide.. Lease is guaranteed by Deutsche Post DHL, the world’s largest logistics company. -
Market
Located outside of Knoxville in Vonore, TN within the Tellico West Industrial Park. Positioned near three key distribution and heavy-load interstates, providing coverage to >2/3rds of North America in 1-3 days by truck. -
Economics
Purchased off-market at a 8.75% capitalization rate. Investors are receiving an avg. annual net cash-on-cash return of 10.3% over the lease term.
419,052 sq. ft.
Cold Storage
20 Years
Guaranteed absolute net lease
8%
Avg. annual net cash return
-
Property
419,000 s.f. distribution center and headquarters under a long-term sale/leaseback with Smithfield Foods. Guaranteed 20 year initial lease term with additional options and expansion rights. -
Tenant
Smithfield Foods is the largest producer of pork products in the world, and with a strong focus on customer service, they began looking at ways they could service their customers better than ever before. -
Market
Located in Greenfield, IN, along I-70 on the east side of Indianapolis, the “Crossroads of America”. The location allows Smithfield to distribute to the Mid-West and Northeast, as well as accessing their production facilities, within 1-2 days drive time. -
Economics
Purchased at a 6.2% capitalization rate in a sale/leaseback transaction; acquisition was based on Smithfield’s cost of construction with no developer mark-up, enabling the tenant to lower its occupancy cost. Investors are receiving an average annual net cash-on-cash return of approximately 8% over the lease term.
1,220,000 sq. ft.
Distribution Facility
13 Years
Guaranteed absolute net lease
2.6 Million
Profit at closing
-
Property
1.2M s.f. distribution center supplies all Sherwin-Williams products across the Mid-West and Inter-Mountain states. A new 10-year absolute net lease in place at acquisition. -
Tenant
S&P “A” credit rated tenant with $10.2B net sales and $1.08B in net operating cash flow in 2013 -
Market
Considered the “crossroads of opportunity,” Effingham, IL is strategically positioned at the intersection of two cross-country highways making it ideal for distribution, with the ability to reach the majority of the U.S. within a one-day’s drive. -
Economics
Omega principals and affiliates contracted the property off-market, and during 45 day due diligence successfully negotiated a 10 year lease extension. The property was then sold at closing to a 3rd party for a $2.6 million profit.
