LKQ Distribution Building

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Available $18,387,700 - Industrial
Cap Rate:  5.4%Size:  70 AcresTerm:  13 Print

 Investment Offering & Highlights

  • New concrete tilt distribution facility
  • LKQ Corporation (NASDAQ: LKQ) is an industry leader with 18 years of revenue and operating income growth
  • Long term absolute triple net lease with 13 years remaining and 2.0% annual rent increases
  • The property is strategically located with a service area that includes the Salt Lake Metro Area and portions of Idaho and Wyoming
  • The Salt Lake Metro Area is fueling 21st century companies – a young, well educated population is attracting tech, life science, internet security, aerospace, and financial service companies
  • New highway bypass will speed access to Tooele’s industrial area
  • Site can accommodate a 20,000 sq. ft. building expansion and more new buildings, which creates significant potential upside for owner

Property Description

Cushman & Wakefield’s Net Lease Group has been exclusively retained to offer for sale the 69,460± sq. ft. LKQ Distribution Building on a 70 acre site in Tooele, Utah. The property is fully leased long term to LKQ Auto Parts of Utah, LLC. The lease is guaranteed by LKQ Corporation (NASDAQ: LKQ; S&P: BB). This offering is an opportunity to acquire a brand new, well located distribution building leased long term to an excellent company.

Property Location