Elite InKast Designs 90 Bama Ln 18,975 sq ft Industrial Property Clanton, AL 35045 £807,597 (£42.56/sq ft) 9% Net Initial Yield

Northmarq is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the industrial property located at 90 & 94 Bama Ln, Clanton, Alabama. The subject property is fully occupied by Elite InKast Design, LLC, who manufactures architectural and decorative concrete products using wet cast production techniques. The tenant is on an Absolute NNN lease with approximately four years of term remaining, 3.5 percent annual escalations, and two, 3-year options at fair market value. Located in an industrial corridor, the subject property is comprised of two industrial warehouses and a small office building totaling 18,975 square feet. The buildings rest on approximately 2.50 acres across two adjacent lots with M-2 zoning.
Situated in Clanton, Alabama, the property is adjacent to Stella-Jones Corporation, a leading manufacturer of pressure-treated wood products. Ideally located just off of Highway 31 and in close proximity to Interstate 65, the property is less than 50 miles from Birmingham, and 40 miles from Montgomery.