LKQ Corporation Distribution Center

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  $4,850,000 - Industrial
Cap Rate:  6.48%Size:  58,181 SFTerm:  12 Years Print

Cushman & Wakefield’s Net Lease Group and Graham & Co. have been exclusively retained to offer for sale the 58,181 sq. ft. Keystone Automotive Building on a 7.75 acres site in Cullman, Alabama. The property is fully leased long term to Keystone Automotive Industries, Inc. The lease is guaranteed by the Keystone’s parent, LKQ Corporation (NASDAQ: LKQ; S&P: BB). This offering is an opportunity to acquire a well located industrial building leased long term to an excellent company.

Investment Highlights:
  • 100% Leased to Keystone Automotive Industries, Inc. The lease is guaranteed by LQK Corporation, a credit tenant

  • 12 year lease term with a rent increase

  • The property is strategically located in Cullman, AL, an ideal location for companies intending to distribute product to the large Birmingham MSA & Huntsville MSA

  • Toyota and Mazda have just announced a joint venture to build an auto assembly plant in Huntsville

  • Interstate 65 – In addition to Birmingham and Huntsville, I-65 connects Cullman with Montgomery and Mobile to the south and Nashville to the north

  • LQK’s revenues and operating income have increased every year since 2000, even through the last recession
Property Location