This 199,500 SF state-of-the-art facility is the corporate headquarters for Heat Transfer Product Group (HTPG), which is owned by Monomoy Capital Partners, L.P.. This single tenant NNN leased industrial investment has 13 years remaining with 2.5% annual rent increases. Orginally owned by HTPG, it was sold to on a leaseback basis, and ownership put $1,000,000 into tenant improvements and expansion. HTPG sales in 2011 were $100 million and their EBITDA was $10 million. This investment is being offered at an 8.5% CAP, with an NOI of $600,000 as of 1/1/2013. HTPG is a strong tenant, and recently moved their operations in California and Arizona into the Scottsboro, Alabama facility.

Location Description:

Located in Northeast Alabama, this state-of-the-art facility enjoys immediate access to Hwy 72 and within minutes of Scottsboro Municipal Airport. Scottsboro enjoys quality schools, affordable cost of living and low crime rates.

Highlights:

>> 13-Year Single Tenant NNN Leased

>> 2.5% Annual Rent Escalations

>> Ownership Recently Put $1,000,000 in Tenant Improvements and Expansion

>> 2013 NOI with be $600,000/year

>> Corporate Headquarters for Heat Transfer Product Group (HTPG)

>> Tenant's Sales in 2011 were $100 Million

>> Tenant's EBITDA is $10 Million

Sales Info:

>> Cap rate: 8.5%

>> NOI: $600000