Single Tenant Absolute Triple Net Industrial

Long-Term Lease: A newly signed 10-year absolute NNN lease provides investors with long-term, stable cash flow and zero landlord responsibilities. The lease includes 3% annual increases and two (2) 10-year renewal options, offering the potential for up to 30 years of occupancy. This passive investment structure is especially attractive for 1031 exchange buyers seeking predictable income and minimal management.
Newly Renovated: The property has recently been updated with fresh exterior paint, roof work (with 10-year warranty), and a renovated office space, giving it a clean, modern look and improving overall functionality. These upgrades help reduce near-term maintenance costs and make the building more appealing to tenants, offering investors a low-maintenance, turnkey asset from day one.
Potential for Value Appreciation: Florida’s growing economy and increasing demand for industrial properties, combined with the property’s prime location, position the asset for potential appreciation in value. Investors can benefit from both stable income and potential long-term capital gains.
Cost Below Replacement Cost: The property is being offered at a significant discount compared to today’s replacement costs for comparable industrial facilities. This pricing provides investors with immediate built-in value, eliminating the time, expense, and risk associated with ground-up development while securing an asset well below the cost of new construction.
Strong Submarket Fundamentals: The property sits in Hudson, FL, part of the thriving Tampa industrial submarket – a logistics hub fueled by population growth, e-commerce demand, and limited new supply. With access to major highways, the Port of Tampa Bay, and a strong labor force, the location offers long-term stability and growth potential.
Tenant Profile: Assure Kitchen Exhaust Services Inc. was founded in 2005 in Miami, FL by two brothers and has since grown into one of the largest kitchen exhaust service providers in the United States. The company operates a sizable fleet serving national accounts, including McDonald’s, Applebee’s, and Walmart.
Building Highlights: The property offers 26’ clear heights, a rare feature in this submarket, along with three oversized 12’ x 16’ drive-in doors that provide excellent accessibility. The building is also fully sprinklered, adding an extra layer of safety and functionality.

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Kyle Matthews