Property tours are available by appointment on 7/19 and 7/26 between 2 PM - 4PM EST. To schedule a site tour, please contact Nancy Phaneuf at nancyp@npcrd.com or 813-625-1396. Additional Cummins Properties Available: Cummins Ocala Cummins Fort Myers Investment Highlights: Absolute NNN lease with minimal landlord risk and responsibilities NNN lease includes environmental protection to new owner with Cummins assuming responsibility 100% leased to Cummins, Inc, a national credit tenant (S&P ''A") Cummins is a high growth company with recent credit upgrade Cummins commenced in 2006, is operating on their 1st extension through 2020, and has 1 additional option to extend through 2025 Income Tax Free State with beneficial state tax climate to amplify returns Located ±1.9 from I-4, ±3.7 miles from East West Expressway (State Road 408), and ±15 miles from Orlando International Airport Investment Overview: Cummins Orlando is a ±36,868 SF industrial asset located at 4820 N Orange Blossom Trail in Orlando, FL approximately four miles northwest of the Orlando CBD. This Property presents investors with the opportunity to acquire an absolute NNN lease investment with minimal landlord/environmental risk and responsibilities for passive investors. Constructed in 1974 and 2002, the Property consists of three industrial building situated on a on ±5.05 usable AC / ±6.55 gross AC parcel. The improvements include a vehicle service and repair facility consisting of ±27,829 SF of warehouse space, ±5,650 SF of office space and ±3,602 SF of mezzanine storage space. All buildings include 24’ clear height ceilings, 32 service bays, a chassis dyno bay, a wash bay, 33 overhead doors and a dock high loading bay. Additionally, the entire site is secured with barbed wire fencing. Cummins Inc. is a Fortune 500 corporation that designs, manufactures, and distributes engines, filtration, and power generation products. Cummins also services engines and related equipment, including fuel systems, controls, air handling, filtration, emission control and electrical power generation systems. In the post WWII U.S. road building boom Cummins, with their N Series engines, became the leader in heavy duty truck engines. From 1952 to 1959, they had more than half the market. In the 1960s, the company opened an assembly plant in Shotts, Scotland and by 2013, they had operations in 197 countries and territories. Cummins is a national credit tenant and high growth company with recent credit upgrade from S&P whom raised Cummins corporate credit rating from A to A+ for its operational success, geographic diversity, market share of 40% of the heavy duty product line and 60% of the medium duty product line for truck engines. The Property is 100% leased to Cummins, Inc, whose lease commenced in 2006 and is operating on the first (current) option term which began on 1/1/2016, expires 12/31/2020, and has 3% annual increases. The second (future) option term for each lease would begin on 1/1/2021, expires 12/31/2025, and has 2% annual increases. These solid annual rent increases with an attractive 3% annual rent increases for the first 5 years and 2% for the last 5 years, provides a hedge against inflation. Located within the Orlando-Kissimmee-Sanford MSA, the Property is located along the west side of North Orange Blossom Trail (US-41), one of the primary commercial corridors in the market with ±25,500 VPD, just north of John Young Parkway and Lee Road. Cummins Orlando offers excellent access and is located ±1.9 miles east of Interstate 4 with access via Lee Road, ±3.7 miles south of the East West Expressway (State Road 408) and ±15 miles northwest of Orlando International Airport. Land uses immediately surrounding the Property consists primarily of commercial and industrial developments with several industrial properties along North Orange Blossom Trail, including AA Casey Tool & Equipment Company, Dana Safety Supply, Graves R-C Hobbies, Maudlin International Trucks, Datamax-O’Neal, Orange Blossom Landscape Supply, Elite Tires & Repairs and Marge’s Fine Furniture. Additional area amenities within close proximity include Phat Planet Recording Studio, The WingHouse of Orlando, Orlando Moose Lodge 766, Citgo, Wendy’s and Raceway Motel. This Cummins Orlando investment opportunity affords a passive investor limited risk and responsibility and stable cash flow from a credit tenant. This property will be auctioned on Monday, August 7 - Wednesday, August 9 . The price displayed is the starting bid amount of $900,000. For information and to register to bid on this property, please visit Ten-X.com.
