Bimbo Bakeries USA

Industrial

3500 Mustang Court Springfield, IL
Price:
$ 2,300,000
Property Size:
8,500 sqft
Cap Rate:
5.60
NOI:
$ 128,983
Lot Size:
2.06 acres
Year Built:
2016
Status:
Sale

BUILT TO SUIT CONSTRUCTION WITH ADD’L ROOM TO EXPAND
The subject property was built in 2016 and consists of a 8,500 SF building on a 2.06 acre parcel of land with additional room to expand. This was a built-to-suit project developed specifically for the tenant who uses the facility as sorting and distribution facility for the Springfield MSA.

STRONG, INVESTMENT GRADE CREDIT PARENT
Bimbo Bakeries USA, LLC is the American corporate arm of the $15.45 billion multi-national bakery company Grupo Bimbo (BMV:BIMBO). In 2019, the North American Division generated $7.6 billion in revenues. Grupo Bimbo owns an investment grade credit rating of BBB by Standard & Poor’s. Bimbo Bakeries USA, LLC is headquartered in Horsham, PA with 20,000 U.S. employees and over 60 US bakeries.

LONG-TERM PASSIVE LEASE
Bimbo Bakeries USA, LLC signed a 15 year lease with 10.5 years of term remaining (Lease expiration date of 12/1/2031). The lease features landlord responsibilities limited to maintenance and replacement of roof and structure for the life of the lease, and parking for the first five years.

ATTRACTIVE RENT ESCALATIONS
The Bimbo Bakeries USA, LLC lease also include 5% rent escalations every five years in the initial term and throughout the three (3), five (5) year renewal options.

STRONG LOGISTICS LOCATION
The property is centrally located within close proximity to Interstate 55 (39,000 VPD) and Interstate 72 (13,000 VPD). Other nearby national credit tenants include Coca-Cola and Wal-Mart to name a few. In addition, the area is well populated with a growing population of 155,000 residents in a 10-mile radius.

Documents

×

Login

×

Register

The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

Jerry Hopkins
Executive Managing Director
918.878.9536
Ken Hedrick
Executive Managing Director
918.878.9540
D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535

Questions?

Get more info on this property. Contact Us
Go to Top