Fortis Net Lease is pleased to present the sale-leaseback of Alma Products located at 2000 Michigan Avenue, in Alma, Michigan. This nearly 276,000 square feet manufacturing facility is situated on nearly 23 acres just off U.S. 127 in the city of Alma,
the most populous city in Gratiot County. A new corporate guaranteed (Fildelis Holdings Co.) absolute NNN lease will commence at closing with zero landlord responsibilities and four, 4- year renewal options. There will be 2.0% annual rent increases
to hedge against inflation. Alma Products Company, which is a TS16949 and ISO9001 certified manufacturer and remanufacturer of high quality automotive components and assemblies. The subject offering represents an ideal opportunity for a 1031 exchange
buyer or an investor seeking passive income from a nationally known corporate tenant who is a leader in their industry.
Fortis Net Lease is pleased to present the sale-leaseback of Alma Products located at 2000 Michigan Avenue, in Alma, Michigan. A new corporately guaranteed, absolute NNN lease will commence at the close of escrow. There
will be 2.0% annual rent increases to hedge against inflation.
Alma Products Company is a TS16949 and ISO9001 certified manufacturer and remanufacturer of high quality automotive components and assemblies.
Highlights
Absolute NNN Lease
ZERO Landlord Responsibilities
Corporate Sale Leaseback
2% Annual Rent Increases
70 Year Operating History
Alma Products is a Certified Manufacturer and Remanufacturer of Automotive Components and Assemblies
Additional Photos
For More Information contact exclusive listing agents:
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